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Millionaires want to invest

WHILE last year the Slovak dollar millionaires considered the economic situation in Slovakia not very suitable for investing, they changed their minds this year.

(Source: T. Somogyi)

“The significant differences this year were an increase of the attractiveness of share funds, while compared to last year the interest in investing into agricultural land dropped,” Andrej Zaťko, director of J&T Banka said, as quoted by the Hospodárske Noviny daily.

The latest survey among Slovaks who have at least $1 million (€900,000) at their disposal to invest, which has been carried out by J&T Banka and Forbes magazine, suggests that investors are rather conservative, that the money allows them freedom, and that they want to secure good education for children. Moreover, most of the respondents are men with university education aged 50-59 years, Forbes wrote.

Such development may be the result of an improving economic situation, Zaťko added, explaining that in such situations the investors look for possibilities to increase the value of their capital.

“Most Slovak millionaires are actually doing business or are working as managers in big companies, and compared to previous years they feel the improvement of the economic situation,” Zaťko explained, adding that this is the result of better situations of our neighbours, a weaker euro and also lower oil prices. 

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