SURVEY: More than a third of Slovaks invest to improve their retirement

More than a third of Slovaks choose various investment products in order to improve their retirement in this way. This follows from a survey by Slovenská sporiteľňa, which was carried out at the end of last year. More than 20% of Slovaks said that they had increased the amount of money invested in the last two to three years. This is most often done through savings accounts.

“On average, we save 111 euros a month. Just people in productive age, they state that their primary goal is to save for retirement and unexpected events. For example, to have to cover the financial costs of repairing a car or a broken washing machine, “said Lenka Buchláková, bank analyst.

Pension provision is not sufficient

In the case of improvement to the pension, the opinion prevails that the pension security is not enough. They are more responsible for the future in this in the case of a woman. As many as two-thirds of women said they were saving and investing money to improve their retirement. There are less than half of men. Women do “Improve” on retirement by saving on savings products, but already they are less willing to take risks with investment products.

Venture capital

According to the analyst, the basic repeated rule applies when investing, that higher risk correlates with higher potential return. If we have for example, the investment amount of EUR 1000 that we plan to invest one-time, so it is possible to direct them to mutual funds, bonds or choose a combined solution. This is, for example, a term deposit, which is part of the investment with a lower level of risk and forms for example, 70% of the product and mutual funds as a riskier part investments make up 30% of the product.

Approximately 18% of Slovaks postpone or invest more than 200 eur. However, there is still a group of people who can’t do it every month save even the euro, let alone invest. The survey showed that the situation in this case has not improved in the last 5 years, currently still about 7% of people do not have the opportunity to save or invest.

Financial situation of Slovak families

“It has a very positive or positive attitude towards investment in Slovakia about 27% of people, with this figure rising slightly in recent years increased. It is also related to the improving financial situation of Slovaks families. We have a record low unemployment rate and salaries in the state as well private sector growth. On the other hand, relatively high prices for housing and energy, which dampen our investment appetite, “she added analyst.

It has a negative attitude towards investing and taking risks in Slovakia according to the survey, about 5% of people. Almost half of the people do money management advises with family and friends, only 22% of people said that he relies primarily on himself in financial matters. Information One third of respondents draw from the media when investing or saving.

More than a third of Slovaks choose various investment products in order to improve their retirement in this way. This follows from a survey by Slovenská sporiteľňa, which was carried out at the end of last year. More than 20% of Slovaks said that they had increased the amount of money invested in the last two to three years. This is most often done through savings accounts.

“On average, we save 111 euros a month. Just people in productive age, they state that their primary goal is to save for retirement and unexpected events. For example, to have to cover the financial costs of repairing a car or a broken washing machine, “said Lenka Buchláková, bank analyst.

Pension provision is not sufficient

In the case of improvement to the pension, the opinion prevails that the pension security is not enough. They are more responsible for the future in this in the case of a woman. As many as two-thirds of women said they were saving and investing money to improve their retirement. There are less than half of men. Women do “Improve” on retirement by saving on savings products, but already they are less willing to take risks with investment products.

Venture capital

According to the analyst, the basic repeated rule applies when investing, that higher risk correlates with higher potential return. If we have for example, the investment amount of EUR 1000 that we plan to invest one-time, so it is possible to direct them to mutual funds, bonds or choose a combined solution. This is, for example, a term deposit, which is part of the investment with a lower level of risk and forms for example, 70% of the product and mutual funds as a riskier part investments make up 30% of the product.

Approximately 18% of Slovaks postpone or invest more than 200 eur. However, there is still a group of people who can’t do it every month save even the euro, let alone invest. The survey showed that the situation in this case has not improved in the last 5 years, currently still about 7% of people do not have the opportunity to save or invest.

Financial situation of Slovak families

“It has a very positive or positive attitude towards investment in Slovakia about 27% of people, with this figure rising slightly in recent years increased. It is also related to the improving financial situation of Slovaks families. We have a record low unemployment rate and salaries in the state as well private sector growth. On the other hand, relatively high prices for housing and energy, which dampen our investment appetite, “she added analyst.

It has a negative attitude towards investing and taking risks in Slovakia according to the survey, about 5% of people. Almost half of the people do money management advises with family and friends, only 22% of people said that he relies primarily on himself in financial matters. Information One third of respondents draw from the media when investing or saving.