{"id":106015,"date":"2018-10-25T07:15:04","date_gmt":"2018-10-25T07:15:04","guid":{"rendered":"http:\/\/news.alabamanewsreporter.com\/story\/106015\/how-smart-investors-execute-wealth-management-and-make-a-profit-in-a-turbulent-economic-times.html"},"modified":"2018-10-25T07:15:04","modified_gmt":"2018-10-25T07:15:04","slug":"how-smart-investors-execute-wealth-management-and-make-a-profit-in-a-turbulent-economic-times","status":"publish","type":"post","link":"https:\/\/www.alaskanewsdesk.com\/news\/story\/106015\/how-smart-investors-execute-wealth-management-and-make-a-profit-in-a-turbulent-economic-times.html","title":{"rendered":"How smart investors execute wealth management and make a profit in a turbulent economic times"},"content":{"rendered":"

According to the Financial Times<\/a>, <\/em>Turkish Lira has lost 40% of its value since the beginning of 2018. In a bid to tackle Turkey’s inflation, which was running at 25% in September, the Central Bank increased interest rates from 19.25% to 24% in September.<\/p>\n

Protect yourself from local currency volatility<\/strong><\/p>\n

So what can savers do to protect their wealth and make a profit when there are big risks ahead for their currency or if local interest rates are unattractive or at historical lows? The easiest way to ensure that savers are well positioned in the event of a currency fall, as in the case of Turkey, is diversifying capital into a range of major foreign currencies, such as EUR, USD and GBP. In this scenario, it’s crucial to consider the following before making a decision:<\/p>\n