Financier Zubets spoke about the best way to save for your old age

More than half of Russians decided to save on their own

It seems that Russians have decided not to rely on the indexation of their income from the state, but to take care of the future themselves. According to one sociological survey, almost 60% of our fellow citizens are trying to spend less today in order to save the maximum possible amount for old age.

In turn, 29% of Russians are confident that currently the best option is to spend their salary or pension on necessary purchases. And 12%, that is, every eighth, do not know what to do in this case.

At the same time, 28% of respondents consider the present time to be the most successful for making purchases. But 48% do not share this enthusiasm. In general, confusion and vacillation, hot and cold.

In fact, there are many options for preserving and increasing citizens’ funds in the financial market. For example, savings and brokerage accounts, shares, mutual funds, gold and diamonds, cryptocurrency… Since the beginning of this year, a law on long-term savings has come into force – when the state also makes contributions for a certain amount of a program participant’s contribution to a non-state pension fund.

But which tool should you use today? After all, there are more than 10 of them, for every taste.

“Today, the yield on deposits in banks is very high, 14-15% per annum,” says Alexei Zubets, a professor at the Financial University under the Government of the Russian Federation. — It turns out that the real return on the deposit, after subtracting inflation, is about 7%. This is a good indicator, I am not surprised that the majority of Russians used this particular tool.

— But in the arsenal of services there are other opportunities to preserve and increase capital. For example, buying shares and securities…

– You can play shares. But no one knows how much they will increase in price and whether they will increase at all? And the bank guarantees you 15% per year. Deposits are more profitable.

“But we still need to get to the bank.” Not all Russians, especially those living in the outback, have this opportunity.

— Today, the country’s territory is covered with branches of credit institutions. And it’s not at all necessary to go there “by way of transport”. You can open a deposit account directly from your phone.

This is the same case when the lines between city and countryside are blurred.

— A long-term savings program recently launched so that a participant in such a program can accumulate funds for retirement or old age. Which is more profitable?

– There is a main problem with it. To what extent will non-state pension funds be able to ensure the profitability of citizens’ contributions? It is designed for 15 years and no one can predict what might happen to the savings during this period. The government does not guarantee income in this regard. We cannot imagine what will happen in 2-3 years, not to mention a longer period.

The most profitable instrument is a bank deposit. Moreover, with a large margin of “profitability”.