[Venezuela, November 2023] – The global economic crisis has reshaped consumption and savings patterns for families, especially in Venezuela, where the ability to save has been significantly impacted. In response to this challenge, experienced Venezuelan banker Luis Alfredo Farache shares valuable recommendations on his website to capitalize on and safeguard money in times of crisis.
Luis Alfredo Farache Benacerraf, current Director of Business and Marketing at 100% Banco, underscores the importance of seeking financial alternatives for those who wish to invest and gain short and medium-term profits. In this regard, Farache highlights the effectiveness of time deposit certificates, a high-yield banking instrument offered by some financial institutions in the country.
Read more at www.luisalfredofarache.com
According to Farache, these certificates guarantee the safety of the investment while yielding higher returns than a conventional savings account, thanks to accumulated interest. Banking experts endorse this option as a robust strategy for those looking to maximize their savings.
Luis Alfredo Farache also explores other strategies to protect savings in times of economic uncertainty. He suggests anticipating future expenses when possible, fixing costs, and safeguarding against inflation. Additionally, he emphasizes acquiring strong currencies as a hedge and savings tool, taking advantage of new opportunities offered by the current banking agreement in Venezuela.
To complement these strategies, Farache stresses the importance of seeking expert advice within banking institutions. His website provides more information about these recommendations and financial strategies.
Read more at www.luisalfredofarache.com