Top 10 mistakes that we make in times of crisis

1. To save money under the mattress

Many believe that the financial crisis - a reason to move quickly with the accumulation of deposit accounts under the mattress. The argument is simple: "The Bank may close, I lost everything." However, this solution is incorrect.

For all Russian banks is required to participate in the deposit insurance system. Therefore, even if the institution will burst, the investor will receive compensation. Its maximum amount of accounts and deposits in one bank is 1.4 million rubles.

Experts recommend always invested not in stock, and that brings a regular income. Money under the mattress may be impaired because of inflation. Your stock will be only decrease.

2. Plant on a rainy day credit card

Calls use a credit card with a huge grace period, and other attractive keshbekom chips today are heard from every corner. But the financial crisis - is not exactly the time when you need to take a new loan with high interest rates.

V can be used as a reserve fund credit card only if you are sure you can repay the loan on time. But count on it as a permanent safety net is not necessary. Take the required amount with friends. Better yet, create your advance

financial cushion.

3. Buy foreign currency immediately after a sharp jump of the course

There is a golden rule: buy low, sell at the maximum. If the situation is appropriate - no questions. Often, however, massively buying currency started when its exchange rate rose sharply. This is a mistake that can be costly.

The maximum value of the currency falls on the peak of the financial crisis, which many take as favorable conditions for the purchase. And then it becomes cheaper, you lose money.

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It is important to share the risks as far as possible in the crisis and out of it. This strategy is called "Do not keep all your eggs in one basket." Keep their savings in different currencies and other assets of varying degrees of liquidity (a different rate of their realization and conversion into cash).

Under the asset refers to cash on hand, funds in current accounts and cards that can be removed at any time, funds for deposits, withdrawals of which ahead of time is fraught with loss of interest, real estate, vehicles, gold and jewelery, shares and the like, tangible assets and financial tools.

If you have short-term plans (for example, you want to spend on ruble savings planned in the near future trip), the purchase of currency and peg can be reasonable and correct.

4. Buy unpredictable assets

Experts advise not to panic and not to buy bad assets with predictable pricing. First you need to conduct an audit of the assets, liabilities, income and expenses families. And then make sure that the balance is convergent, you have a pool of available funds on the loss of income. And in a crisis of this no one is safe.

During the crisis, the different assets (real estate, deposits, securities) behave differently. Currency becomes more expensive, stocks and bonds tend to lose in price. If the crisis is accompanied by rising inflation, the real estate prices could quickly grow. And then they will start to fall due to lower purchasing power. Any crisis sooner or later pass, asset prices unfold in the opposite direction. Currency depreciates, stocks and bonds more expensive.

Key error - transactions in the acute phase of the crisis. Purchase of foreign currency at higher rate resulting in losses to the extent that, as the exchange rate is restored. A similar pattern can be observed in the stock market. Panic selling in the acute phase of the crisis lead to loss of fixation.

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In the last couple of years there is another object to alternative investments - cryptocurrency and tokens ICO projects. Learning how someone became a millionaire in the past month, he has invested in the crypt after reading a couple of paragraphs on the subject sites, many perceive cryptocurrency as assets that have ultra-high yield. But they forget that they have a high volatility (price volatility) and high risks. Thus, in the first quarter of 2018 kriptorynki lost more than half its value.

I would not recommend investing in cryptocurrency people who have no experience of investing in traditional financial markets. And absolutely do not recommend investing in them past or borrowed funds.

5. Thoughtlessly buying unnecessary items in store

exchange rate shocks provoke attacks on food the shops and electronics hypermarkets. People in panic buying televisions, microwave ovens, washing machines, salt, cereals and matches. And absolutely nothing.

Any person is recommended to have a safety cushion of money. Usually it is an amount equal to the family expenses for the six months. Many hold that amount at home or in the bank. And in a moment of crisis, abrupt changes in exchange rates are spending this stock to a completely unnecessary things.

Household appliances, acquired for future use, rapidly lose in value and will be collecting dust in the corner. Much wiser to take a chance, which is about once every 7-10 years gives us the economy, promising to acquire depreciating assets. This is what the future will give a decent boost to equity.

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Household appliances, cars, etc. are buying in a crisis people are completely alien to financial literacy. Yes, the new washing machine, you may need for peace of mind. But such purchases are not investments.

They never bring you income. On the contrary, due to amortization of the cost over time will fall, and the maintenance costs of operating state to grow. In addition, the life cycle of consumer goods today is very short. Many companies shorten it deliberately, to encourage more inclined to purchase. Therefore, the washing machine bought today, will hardly serve you for 20 years.

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The financial crisis in our country, people perceive as offensive warAnd therefore prepare accordingly. With shelves swept cereal, canned and salt. People are afraid, that everything is so expensive that no one can afford the extra portion of buckwheat.

But such measures are not effective for consumers. There is a certain percentage for which inflation does not go down. Even the economic crisis is not able to simultaneously lead to the collapse of the trading system.

Rising prices for food products will be gradual even with the collapse of the ruble. Few external circumstances could significantly affect the price of salt, especially since it is 70% produced in our country, and even billions of tons of reserves.

Often, a crisis - it is an unreasonable excuse to raise prices. In 2014, people rushed to buy the buckwheat, and sellers to respond to the demand raised its cost. This phenomenon is called the effect of price expectations. People succumb to the hype, how to spend the money for the last time. As a result, the entire closet packed with expensive buckwheat. It is also unreasonable as buy dollars in rubles peak incidence.

Do not rush to sweep away from the shelves of salt, cereals and crackers. Your panic can pass on to others, the demand will increase significantly, and with it the price.

6. Panic and rush

Even in a crisis can be saved. It is important to take the time and reasonable approach to the acquisition.

During active exchange rate fluctuations should not blindly buy tickets. Every week in the night from Tuesday to Wednesday ticket prices abroad in rubles terms are translated at the exchange rate of the euro in accordance with the rules of the International Air Transport Association. Taken as a basis for the auction on Monday.

If the ruble strengthened on Monday, we should wait until Wednesday, when the prices are updated in favor of the buyer. If on Monday the ruble fall shows, delay the purchase just not worth it - tickets should buy before the end of Tuesday. When the exchange rate jumps are pretty impressive, ticket prices can vary considerably.

7. Put up for sale "unnecessary" cottage

Dacha in the financial crisis - a great way to hold thanks to its vegetable garden. Instead of dirt-cheap to sell the cottage, trying to replenish the treasury of at least some amount buy better seeds and grow their crops.

8. To make large purchases

It is not necessary to panic and blindly invest the accumulated savings in real estate. Especially if it is sold for "the most discounted price." It may happen that after the crisis, its value will drop even more.

Large purchases in times of crisis, such as a car or property, may be appropriate on one condition. If there is an opportunity to buy assets at a low cost when market prices have already risen. Such transactions may indeed be beneficial if you are confident that inflation will eat savings and liquidity cushion is not required.

For larger purchases should be approached with caution: it may be freezing of funds for a long period. In addition, such investments may require the associated costs. Sell ​​real estate, car or equipment in the crisis and weld on it hard enough.

And definitely wrong to make commitments in the form of expensive loan to purchase.

9. Leave in total savings mode

If you decide to go on bread and water, and in the literal sense, it can come back to haunt unpleasant. State when you think about how to not spend an extra penny, disastrous. Most likely, your productivity will decline, stress can provoke the development of depression.

Consumers each time step on the same rake: they start saving at the expense of investment in yourself. I not once heard that the financial difficulties people bitterly regret the need to postpone the purchase of a car, but easily give up the opportunity to continue their studies or to improve their skills.

My advice is to keep spending money on something that is necessary for everyday life: food, medicines, hygiene items. Go for products no name and great packaging, do not overpay for the brand and packaging.

And do not stop investing in themselves and their development: courses, training, tutoring for children, good schools. Pause the investments in material values. The new machines, telephones, clothing, except for the much-needed, real estate can wait until a more favorable from a financial perspective period.

10. Do not change habits

Addicted to cigarettes can cost 1.5 thousand rubles a month and more. It seems like a small amount. During the crisis, it can be significant. Conduct an audit of your life. Surely you have a lot of opportunities I save.

The first and main board when the crisis - not to panic and not to try at all costs to maintain social status. On the one hand, discount, discount stores, Unbranded goods, products in bulk. On the other - additional sources of income at the expense of non-core operation. There is nothing humiliating if a university lecturer for the evening will take several translations as a part-time job, and on weekends instead of posh shopping center will go with the family for a walk in the park.

Reconsider employment your entire family system. For example, children can enjoy a kid's neighbors, putting up flyers, work couriers. Do not forget that the Chinese character for "crisis" consists of two elements: "danger" and "opportunity."

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