{"id":14909,"date":"2017-11-21T13:00:35","date_gmt":"2017-11-21T12:00:35","guid":{"rendered":"https:\/\/pibgroupiberia.com\/?p=5108"},"modified":"2025-06-02T12:51:43","modified_gmt":"2025-06-02T10:51:43","slug":"how-to-save-if-i-am-young-should-i-be-conservative-or-more-daring","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/blog\/como-ahorrar-si-soy-joven-deberia-ser-conservador-o-mas-atrevido\/","title":{"rendered":"How to save if I am young... should I be conservative or more daring?"},"content":{"rendered":"

The first thing to say is that there is no one-size-fits-all formula for saving<\/strong> and, of course, there is no universal rule<\/strong> applicable to everyone. But what we are going to do is, under a few assumptions, to explain which formulas will provide the best returns for young people<\/strong> while at the same time seeking to minimise their risks.<\/p>\n

To save or not to save, that is the question.<\/h2>\n

It is clear that saving is not for everyone<\/strong>. There are certain circumstances that may prevent us from being in a position to do so: buying a house, having a child, a low salary and a rent to pay, etc.<\/em>
\nHowever, if you are in a position where there is money left in your account every month, we can say that you are saving. The next question is: Are you getting any return on that money or is it sitting \u201cdead\u201d in your account?<\/strong><\/p>\n

I think we all know that life gets more expensive with each passing year: rent goes up, bread costs five cents more, as does the menu at the restaurant down the street, and so on. However, the money in the account does not provide us with a return, so the passing of time causes me to lose money.<\/p>\n

However, as we have already seen, almost 50% of Spaniards do save.<\/p>\n

\"Saving<\/p>\n

 <\/p>\n

My savings in a guaranteed product or in something riskier?<\/h2>\n

Let's think that every month we can save something, what are we going to do with this money? The answer is clear: \u201cIT DEPENDS\u201d.<\/p>\n

First, we will set some hypothesis<\/strong> which seem to us to be mandatory:<\/p>\n

    \n
  1. If the money you save is needed in less than 3 years<\/strong>, non-guaranteed products are not suitable<\/strong>. Why? Because if we make a loss on the investment, we will hardly have time to recover it, and it is possible that when we want to recover the money, we will be losing it.<\/li>\n
  2. We must set ourselves targets<\/strong> with our savings: if you know what you are saving for, it will help you choose the right product to invest it in.<\/li>\n
  3. \u201cPast performance does not guarantee future performance\u201d.\u201d<\/strong><\/em>. This is a maxim to warn investors, but it is true that statistics show that the higher the equities, the higher the long-term returns.<\/li>\n<\/ol>\n

    Let's take a look at some practical examples to help us get a better understanding of the situation.<\/p>\n

    Small saver with a goal -> your holidays<\/h2>\n

    1st case:<\/strong>I'm saving 150 euros every month, but it's September and I'll want to spend the money on next summer's trip.<\/p>\n

    Don't do anything with that money if you are going to need it in less than 12 months. Any savings product has associated \u201copening\u201d costs that would make it impossible to get a return in the first year, unless you want to risk more than you think (1st hypothesis).
    \nIn addition, you may find that many products prevent you from redeeming the money before 12 months and, if you do, you will probably do so with less or the same money.<\/p>\n

    Small saver with longer-term goals<\/h2>\n

    2nd case:<\/strong> I have a small savings, which I get every month, and I don't expect to need that money for several years.<\/p>\n

    This would be the case of the person who saves, on the one hand, for travel and everyday \u201cwhims\u201d, but who saves something for the medium term (3 years or more), such as a car, a house...<\/p>\n

    In this example, we could open a savings plan or a similar product and, in addition, as we do not plan to redeem it in the short term, we would choose to invest in equities.<\/p>\n

    As we said in the 3rd hypothesis, by investing in this way I will be able to obtain more profitability and, in addition, I will minimise the risk, as I will give time to recover it before I need the money if I make a loss.<\/p>\n

    Large savers looking to diversify<\/h2>\n

    3rd case:<\/strong> I have a good salary and enough savings capacity. I don't know whether to diversify into several products, in case it gives me a tax advantage.<\/p>\n

    Indeed, if there really is a high savings capacity, it is advisable to diversify. This is the second case, but with larger amounts.<\/p>\n

    It would be the time to consider whether, in addition to making what is called a \u201cPIAS Fund\u201d (a savings product in which you put a sum every month and which is linked to investment funds, but diversifying, not concentrating on one), a pension plan might be of interest to us. The advantage of the latter is clear: tax relief (your contribution is deducted from your personal income tax base).<\/p>\n

    On the contrary, its liquidity is tremendously reduced; we will have to say goodbye to that money for some time to come.
    \nIn addition to these products, the SIALP is a good option, as in 5 years' time it could be redeemed without being taxed on the profits.<\/p>\n

    \"Signing<\/p>\n

    Compare between different savings plans and investment products<\/h2>\n

    As you can see, we are explaining this article from a cautious perspective, to avoid false hopes (being aware that in equities we can lose). Of course, what we we do not advise anyone is to invest from ignorance.<\/strong>. If you know a financial professional you trust, they can help you get started.<\/p>\n

    We have been helping our customers save money for decades, and the level of satisfaction is enormous. The reason? We have a Savings and Investment Department<\/a> which analyses the best products each year, in order to offer those that are best suited to each individual's circumstances.
    \nLike we work with 20 entities<\/strong>, in a moment you can compare the best products on the market without having to go or ask at every site<\/strong>. Do not hesitate and contact us.<\/p>\n

    How much do we charge? Nothing<\/strong>, The companies themselves pay us something for taking clients to them, so you don't have to pay anything for this help.<\/p>\n

    Do not hesitate and contact us now, without obligation.<\/p>","protected":false},"excerpt":{"rendered":"

    Let's look at how to save according to one's circumstances.<\/p>","protected":false},"author":14,"featured_media":14910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[16],"tags":[190,202,208],"class_list":["post-14909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-particulares","tag-pias","tag-sialp","tag-unit-linked"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/14909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/comments?post=14909"}],"version-history":[{"count":0,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/14909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media\/14910"}],"wp:attachment":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media?parent=14909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/categories?post=14909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/tags?post=14909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}