{"id":4665,"date":"2010-10-20T07:49:43","date_gmt":"2010-10-20T05:49:43","guid":{"rendered":"http:\/\/http:\/\/www.iliaspapageorgiadis.ro\/en\/?p=4665"},"modified":"2015-01-26T20:16:45","modified_gmt":"2015-01-26T18:16:45","slug":"how-to-get-the-most-profit-out-of-5000-10000-eurosurvival-guide-during-the-crisis","status":"publish","type":"post","link":"http:\/\/www.iliaspapageorgiadis.ro\/english\/2010\/10\/20\/how-to-get-the-most-profit-out-of-5000-10000-eurosurvival-guide-during-the-crisis\/","title":{"rendered":"How to get the most profit out of 5.000 \u2013 10.000 Euro. Survival guide during the crisis"},"content":{"rendered":"

\n\tI have received over 100 emails by people asking my opinion "not only for how to invest big sums of money, 50.000 – 100.000 Euro, but also small ones, like 5.000 – 10.000 Euro". This is a typical amount for a single person working in a good company, or a medium class family and many others in Romania nowadays. Actually several branch managers that I know tell me that this is the average deposit of someone "not poor".\n<\/p>\n

\n\tThis is why I decided to share with you my proposals for the ones who have this sum of money and they would like some more ideas about how to take advantage of it. I am sorry but I will not be able to provide you with "magic" solutions in order to double – triple your money in one year, I am not so intelligent.\n<\/p>\n

\n\tSo let us share together 5 proposals in order for you to take advantage of a sum of money at the size of 5.000 – 10.000 Euro…\n<\/p>\n

\n\t1. Half of your money at deposits<\/strong>
\n\tYou might say "but it is nothing. No, it is not. Don't be grumpy and negative, we all know that there are many urgent problems that can occur in one's life. From a health incident to whatever else, important (but easy to handle) issues require an amount of money to invest in order to solve them. If you don't have any cash in the bank, not even just 2.000 – 4.000 Euro, you are really defenseless… a "feather in the wind" (as we say in Greek). And now during the crisis the winds are quite strong….\n<\/p>\n

\n\t2. Euro is safer nowadays…<\/strong>
\n\tJust two months ago, I was explaining why I would prefer to keep my money in Euro and not in Ron. Someone else was calculating the interest rate of Ron, which is higher than Euro, but he didn't think about a possible depreciation. So, he was explaining why it was better to receive 8 – 9% in Ron than 3,5 – 4% in Euro. That day 1 Euro was 4,07 Ron. Today it is 4,3257.\n<\/p>\n

\n\tHow to get the most profit out of 50.000 Euro<\/a><\/strong>\n<\/p>\n

\n\tWe can keep our money in a hard currency, which protects us towards the problems of Romanian economy and a possible further depreciation in the near future.\n<\/p>\n

\n\t3. Dollar doesn't sound bad either…<\/strong>
\n\tAll major investment bankers whisper that they expect Euro to remain strong on the short term and then depreciate again towards the American Dollar. This is why they consider this period excellent for investments in Dollar, especially if Euro temporarily reaches 1,26 – 1,30 Dollars. If you like risking, 10 – 20% of your deposit could be exchanged to Dollars, but strictly for a specific period. Place a target, for example: If you buy Dollars and Euro will depreciate by 10%, you will sell your Dollars to Euro again and cash in this 10% profit.\n<\/p>\n

\n\t4. Use your deposit to negotiate your rent<\/strong>
\n\tLet us assume that you pay a rent between 200 and 400 Euro \/ month (even less if you stay together with others), an average of 300 Euro \/ month. Crisis makes many people vulnerable. So if you negotiate with the owner of your apartment to pay him in advance 6 months or one year of rent, for a deduction of 10 – 20%, you may pay more now (using your deposits), but you will actually have 10 – 20% profit, reducing your cost. This may apply to almost any other purchase you do and you feel comfortable to pay money in advance, demanding a better price.\n<\/p>\n

\n\t5. Some stocks for the risky ones<\/strong>
\n\tI have analyzed to you the advantages and disadvantages of investments in stocks here.<\/a><\/strong>\n<\/p>\n

\n\tDon't be in a hurry. I am expecting the Stock Market to shrink for some more months (at least) as the economy will continue its downwards trend. Choose some SIFs or other serious big companies and think about investing 15 – 30% of your money (maximum). I know, they may tell you that the amount is small, but during this crisis they will probably accept any client. Being cautious for the risks you will undertake, be ready to sell when you will reach your target: To increase the overall annual profit on your money, not to create a fortune overnight.\n<\/p>\n

\n\tQuestion: "Should I apply for "Prima Casa" if I have 5.000 Euro in the bank?"<\/strong>
\n\tNo, of course not. Sit down and calculate all the costs. You will realize that even if the personal contribution stands at 3.000 Euro, in many cases there are extra costs which increase the total value of transaction and they have to be paid by your pocket. You should have at least double of the money you will need, in order to think about it.<\/strong>\n<\/p>\n

\n\tDon't forget:<\/strong>
\n\tEvery amount values, even the smallest one. <\/span>\n<\/p>\n

\n\tDon't feel bad to ask for good services for small amounts. Actually now with the crisis there are many companies willing to serve you even for smaller amounts, hoping for a stronger collaboration in the future. <\/span>\n<\/p>\n

\n\tThe wise father of a friend of mine says: "Take care of each Euro and eurocents will take care of themselves". We should not get disappointed if we don't have too much today. Remaining serious and respecting ourselves, we will have guaranteed better results in the years to come.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

I have received over 100 emails by people asking my opinion "not only for how to invest big sums of money, 50.000 – 100.000 Euro, but also small ones, like 5.000 – 10.000 Euro". This is a typical amount for a single person working in a good company, or a medium class family and many […]<\/p>\n","protected":false},"author":3,"featured_media":59454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[216,17,236],"tags":[],"_links":{"self":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/4665"}],"collection":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/comments?post=4665"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/4665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media\/59454"}],"wp:attachment":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media?parent=4665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=4665"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=4665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}