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If you’ve got some extra cash, have you asked yourself, “Should I save or invest them?”. To choose saving – putting money aside until you need it, or to choose investing – putting your money into something that will go up in value over time.

The answer, surprisingly, doesn’t come down to how much money you have. However, several factors will help you decide whether to save, invest, or do both.

What is your goal?

It is simple but brilliant advice to follow – always know your goals. Do you want to go on holiday twice yearly and buy a new car every three years? Or maybe you want to collect money for real estate in five years? Big or small plans – everything counts. If you have more than one goal, you should consider saving (for short-term goals) and investing (for long-term goals). Creating a monthly budget and having investment and saving strategies is an excellent place to start.

Inflation

People usually save money to pay for something specific. Eventually, if you keep your money in your bank account, you will lose some money because you need to keep pace with inflation. In other words, if you use your money today to buy something, the same funds will usually buy less due to inflation in the future—especially these days when inflation is still very high. Therefore, your savings will be worth less than they are now. There is no magic; as simple as it sounds, saving is less effective than investing.

Unexpected situations

However, before investing, you should build up emergency funds if something unexpected happens that needs extra cash. The money should be in an easily accessible account. It is a common rule to have at least a few months’ worth of living expenses in an instant-access bank account for those unexpected situations. Additionally, the rest extra money should be invested.

Grow your money

By only saving money, you always have easy access to your money. Thus, this could tempt you to make impulsive purchases. With investments, you usually should wait until you withdraw funds. For instance, you might invest in stocks, bonds, cryptocurrency or choose P2P platforms. However, at hive5, you can start investing from 10 eur, even for a few weeks, and after that, consider reinvesting or withdrawing funds.

To sum up

Undoubtedly, investing gives your money the potential to fulfil your goal faster. However, we recommend you do both. Invest and save some money for emergencies. Also, when investing, it is crucial to invest wisely. Always diversify.

Now is the greatest opportunity to grow your money. With a relatively small amount, you can grow your money monthly. At hive5 earn up to 17% annual return. If you need any investment advice, we are always happy to help you: info@hive5.com

Today we would like to share some important information regarding the latest news concerning the missile that landed in a Polish village near its border with Ukraine yesterday. As soon as this news reached us, we contacted the CEO of “Ekspres Pozyczka”, Wojciech Homan, to get only direct information straight from Poland. “Polish authorities encourage people to live as usual. Even though people experienced a quick shock yesterday due to this unexpected situation, now panic eases over, as yet there is no reasonable threat to the Polish national security”, says Wojciech Homan.

In addition, the Co-founder of hive5 Ričardas Vandzinskas wants to reassure investors that all investing and lending operations remain the same, and so far, there is no reason for anything to change shortly. Nevertheless, we promise to keep you updated.

The famous quote of Bob Dylan: There is nothing so stable as change should definitely illustrate the current economic situation. The world’s largest market, the forex market, the cryptocurrency, the prices of real estate, the companies, and everyone has been affected by the recent economic changes.

Jumps in energy and food prices pushed inflation in the 19 countries that use the euro to the highest annual rate recorded since the currency was created.*

With the increasing cost of living, everyone should look for ways to protect their purchasing power. So, let’s briefly look at the current situation of the most popular investment options and answer the question of which option is the smartest nowadays.

Stock market

The S&P 500 faces a new closing low for 2022. Unfortunately, many economists and investment advisers say that the more significant increases should continue for a while.

After a brief recovery this summer, the S&P 500 continues for its third quarter of losses — something that has not happened since the global financial crisis in 2008. It could take even years before a market becomes relatively stable. Unfortunately, investing in the stock market and getting some profit could be very challenging for a while. As a result, the drop to a new low shows how uncertain the investors’ environment has become.

Bonds

Accordingly, there are no positive signs regarding investing in bonds too. The world’s largest bond market is being whipsawed by its longest volatility since the financial crisis too. There could not be stability in investing in bonds, as the long era of historically low interest rates is over now.

After all, could we expect this situation to fade anytime soon? Unfortunately, as inflation is still running at a four-decade high, the interest rates are aggressively raised it isn’t easy to see any positive signs for the nearest future.

Cryptocurrency

Finally, some investors who prefer alternative investment options and invest in the cryptocurrency have noticed that crypto has been unprofitable for most of the time recently. It provided the volatility and excitement craved by traders before the pandemic. Also, it has appeared far too risky during the current uncertainty.

Although, we can see the tendency that, for instance, bitcoin has stayed mostly the same over the last month. That’s significant because its stability came when other assets, including gold, foreign currencies, and stocks, plummeted. However, experts unanimously agree that cryptocurrency needs more time before it breaks free of stock prices. Thus, investing in crypto remains a very unstable option too.

P2P platforms and HNWs

Despite the unstable economy, we should keep investing in outplacing inflation and saving money. Undoubtedly, investing in consumer loans on trustworthy P2P platforms could steady investment portfolios in this shaky market. For this reason, hive5 has noticed increasing popularity among HNWs (high-net-worth individuals) investors, thus, our platform could be called a very reasonable choice. One of HNWs is an investor from Lithuania, Domas Dargis, who has invested on hive5 and is satisfied with the investment processes on the platform.

Investing on P2P platforms objectively could be called a very wise choice nowadays. Firstly, HNWs and other investors prefer to invest in consumer loans on hive5, as there won’t be any unexpected ups and downs, unlike choosing other investments, where the returns depend on market performance. Finally, you could expect regular income, and it is easy to withdraw money in a short time if needed. Thus, especially now, we cannot find any other investment choice more reliable than most P2P platforms.

Hive5 offers to invest in stable consumer loans from Poland and earn up to 15% annual return.

* https://www.nytimes.com/2022/09/30/business/eurozone-inflation.html

Other used sources:

https://www.cnbc.com/2022/09/25/stock-market-futures-open-to-close-news.html

https://www.bloomberg.com/news/articles/2022-10-12/what-dimon-s-easy-20-drop-in-the-s-p-500-from-here-looks-like?leadSource=uverify%20wall

https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-crash-continues/

Nowadays, many employees work from home; hackers regularly target businesses to steal sensitive data. For those reasons, data protection is our top business priority. In fact, we think data is the most important asset we have. Functional data protection includes guarding the availability of the data to employees, its integrity and confidentiality. The fundamental data protection principles are safeguarding and making available data under all circumstances.

We understand that since our company handles a significant amount of personally identifiable information from investors, employees, and stakeholders, a data breach can do huge harm. Hence, we think an effective data protection strategy helps prevent data loss or corruption. Today we would like to share some of the main principles of our Security policy and implemented procedures for data protection:

• “Hive5” has approved an information security policy that defines the high-level principles and rules to protect the confidentiality, integrity and availability of the organization, their customers’ data and information.

• We have documented a separate dedicated security policy about processing personal data. The procedure is approved by management and communicated to all employees and relevant external parties.

• We have formally appointed the security officer. In addition, we have set and documented the tasks and responsibilities of the security officer.

• Database and application servers are configured to run using a separate account, with minimum OS privileges to function correctly. Also, the servers process the data that are actually needed to process to achieve its purposes.

• Encryption solutions are considered on specific files and records through software and hardware implementation.

• Anti-virus applications and detection signatures are configured weekly. In addition, critical security updates are regularly released by the operating system developer.

• The physical perimeter of the IT system infrastructure is not accessible by non-authorized personnel.

• User passwords are stored in a “hashed” form.

• Two-factor authentication preferably is used for accessing systems.

• There is no possibility of deletion or modification of log file content.

• A monitoring system produces reports and notifies of potential alerts.

• During the development lifecycle, best practices, state-of-the-art and well acknowledged secure development practices, frameworks or standards are followed.

• Periodic penetration testing is carried out.

• Backup and data restore procedures are defined, documented and clearly linked to roles and responsibilities. Thus, we ensure to react appropriately to potential failure scenarios and recover the operations of our system activities.

To sum up, protecting data from compromise and ensuring data privacy are the main components of our data protection strategy.

It is important to note that by following European Union’s General Data Protection Regulation (GDPR), consumers have the right to know what information is collected from them, what information and with whom their data is shared. Accordingly, we communicate it on our web page. If you need more information regarding personal data protection, please get in touch with us.

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