To diversify risks during the war, it is better to divide assets. Olena Sosedka, co-founder of Ukraine's first fintech ecosystem , Соnсоrd Fintech Solutions, in an exclusive interview with UNN, told what options you should consider to save your savings.
Ultimately, in a time of war, the priority should be to ensure the safety and liquidity of savings. Investing in foreign currency can be a smart move, but you should also consider other options to maximize your financial security,
According to her, during a war, the exchange rate can fluctuate greatly, which increases the risk of depreciation of the national currency. Buying a hard currency such as the dollar or euro can be a way to protect savings from inflation and economic instability.
In times of war, it is important to have access to liquid funds to meet urgent needs. Currency is a liquid asset that can be used quickly when needed,
At the same time, Sosedka advises dividing savings between different assets. This, she says, can reduce risks. "In addition to currency, you can consider investing in assets such as precious metals (gold), which often rise in value during crises, as well as crypto assets, if possible," she said.
Recall
UNN has launched a series of publications in which we will talk about digital currencies and their possibilities. Our first material was devoted to the technology underlying cryptocurrencies - blockchain: "Crypto for Dummies. Part 1: what is blockchain and its "features" that few people know about.
The second material is about bitcoin halving: "Crypto for Dummies. Part 2: what is halving and why it is causing a stir in the cryptocurrency market.
The third material: "Crypto for Dummies. Part 3: step-by-step instructions on how to buy cryptocurrency.
The fourth material: Crypto for Dummies. Part 4: What are coins and tokens and what are their differences.
Fifth material: Crypto for Dummies. Part 5. Cold and hot wallets.