During the current economic climate, you might think that keeping your money in the bank is the ‘safe’ option, but what if by doing so, you’re actually losing money?
Let us explain…
Investing in Property vs Keeping Your Money in the Bank
Our client, Dilan, invested £120,000 in 2 Leeds Properties in 2021, and together they have made him a profit of over £50,000
If Dilan had kept his money in the bank, his interest over the year would have been a measly £180
But, during these uncertain times, it’s just nice knowing you’ve got money in the bank and at least it’s not at a loss, right?
Well, not if it’s losing value!
How is your money losing value?
Inflation is now over 10% p.a., and, in real terms, cash in the bank is devaluing at the fastest rate since the 1980s! Here’s a comparison, taking inflation into account…
So, he’d actually have lost money in the bank, and what’s more, is that it’s only going to get worse, with Citigroup predicting inflation will hit a high of 18.6% over the next year!
What can you do about it?
Clearly, the smart move is to secure your money in inflation-proof assets, like Property.
If you are interested in finding out how we can help you do this by investing in property, simply click here to book an initial chat with one of our team.