This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Cookie Policy
What are cookies?
A cookie is a small text file that a website stores on your computer or mobile device when you visit the site.
- First party cookies are cookies set by the website you're visiting. Only that website can read them. In addition, a website might potentially use external services, which also set their own cookies, known as third-party cookies.
- Persistent cookies are cookies saved on your computer and that are not deleted automatically when you quit your browser, unlike a session cookie, which is deleted when you quit your browser.
Every time you visit our websites, you will be prompted to accept or refuse cookies. The purpose is to enable the site to remember your preferences (such as user name, language, etc.) for a certain period of time. That way, you don't have to re-enter them when browsing around the site during the same visit.
Cookies can also be used to establish anonymised statistics about the browsing experience on our sites.
How do we use cookies?
Currently, there are four types of cookies that may be generated as you browse our site: Strictly Necessary, Statistics, Preference and Marketing cookies.
1. Strictly Necessary Cookies
These cookies are essential for you to browse the website and use its features, such as accessing secure areas of the site. Cookies that allow web shops to hold your items in your cart while you are shopping online are an example of strictly necessary cookies. These cookies will generally be first-party session cookies. While it is not required to obtain consent for these cookies, what they do and why they are necessary are explained in the table below.
How do I control Strictly Necessary Cookies?
You can use your browser settings to control whether or not we set session cookies. More information on your browser settings is provided at the bottom of this page.
Please be aware that these cookies are critical to the efficient working of the site. If you choose to disable these cookies from this site, the functionality of the site may be greatly reduced.
2. Statistics Cookies
Also known as "performance cookies," these cookies collect information about how you use a website, like which pages you visited and which links you clicked on. None of this information can be used to identify you. It is all aggregated and, therefore, anonymized. Their sole purpose is to improve website functions. This includes cookies from third-party analytics services as long as the cookies are for the exclusive use of the owner of the website visited.
Statistical information is used in reports and to improve our site. For example, we have used analytics data to add, remove or change features of the site based on how popular they are with users.
We track, for example:
- the numbers of visitors to individual pages;
- when pages were visited;
- how long users stayed on the page;
- the IP address of the user of the website;
- the page they came from;
- technical data about the device being used to browse the site (such as browser and operating system version, and display size) — we use this data to ensure that the technology our site uses is appropriate for the majority of our users, and how best to display the site for users who have less capable browsers.
More information about Statistics cookies
We use cookies from different partners including Google to provide our analytics data. You can read more about how Google Analytics treats your data on their web site. You can also read Google's full privacy policy.
How do I control Statistics cookies?
Google provides a tool to opt-out of Google Analytics. This is available for all modern browsers in the form of a browser plugin. Additionally, you can control how cookies are set using your browser settings.
3. Preference cookies
Also known as "functionality cookies," these cookies allow a website to remember choices you have made in the past, like what language you prefer, whether you have accepted our cookie policy, what region you would like weather reports for, or what your user name and password are so you can automatically log in.
4. Marketing cookies
The advertisements you see displayed on this, and other, sites are generated by third parties. These services may use their own anonymous cookies to track how many times a particular ad has been displayed to you and may track your visits to other sites where their ads are displayed. Please note that advertisers can only track visits to sites which display their ads or other content. This tracking is anonymous, meaning that they do not identify who is viewing which ads.
Tracking in this manner allows advertisers to show you ads that are more likely to be interesting to you, and also limit the number of times you see the same ad across a wide number of sites. As an example of how advertisers operate, if you recently researched holidays, adverts for holiday operators may subsequently appear on our sites.
We do not have access to, or control over, these third party cookies; nor can we view the data held by these advertisers. Online advertisers provide ways for you to opt-out of your browsing being tracked. More information about the advertisers we use, and how to opt-out, is provided below.
Youtube
We display clips from Youtube related to our purchase opportunities. You can view Youtubes's privacy policy on their website. This page also allows you to control what cookies YouTube saves on your computer.
We work with Google to optimise how Google ads are displayed. You can discover how Google protects your privacy relating to ads at its privacy policy.
Cookie Table of our cookies
Cookies you may see used on konvi.app
| Cookie name | Default expiration time | Purpose | Description |
|---|---|---|---|
| _fbp | 3 months | Marketing cookies | Facebook: to store and track visits across websites. |
| _ga | 2 years | Statistics cookies | Google Analytics: to store and count pageviews. |
| _gat_UA-* | 1 minute | Statistics cookies | Google Analytics: functional |
| _gid | 1 day | Statistics cookies | Google Analytics: to store and count pageviews. |
| _iub_cs-* | 1 year | Preferences cookies | iubenda: to store cookie consent preferences. |
| euconsent-v2 | 1 year | Preferences cookies | To store cookie consent preferences. |
| referrerReferralId | 1 browser session | Strictly necessary cookies | Track user referrals |
| t_gid | 1 year | Marketing cookies | Taboola: assigns a unique User ID that allows Taboola to recommend specific advertisements and content to this user |
| APISID | 2 years | Marketing cookies | Youtube: Google Ads Optimization |
| HSID | 2 years | Marketing cookies | Youtube: to provide fraud prevention |
| LOGIN_INFO | 2 years | Marketing cookies | Youtube: to store and track visits across websites. |
| PREF | 2 years | Marketing cookies | Youtube: to store and track visits across websites. |
| SAPISID | 2 years | Marketing cookies | Youtube: Google Ads Optimization |
| SID | 2 years | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| SIDCC | 1 year | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| SSID | 2 years | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| VISITOR_INFO1_LIVE | 1 year | Strictly necessary cookies | Youtube: to provide bandwidth estimations. |
| YSC | 1 browser session | Marketing cookies | Youtube: to store a unique user ID. |
| __Secure-1PAPISID | 2 years | Marketing cookies | Youtube: Google Ads Optimization |
| __Secure-1PSID | 2 years | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| __Secure-3PAPISID | 2 years | Marketing cookies | Youtube: Google Ads Optimization |
| __Secure-3PSID | 2 years | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| __Secure-3PSIDCC | 1 year | Marketing cookies | Youtube: to provide ad delivery or retargeting, provide fraud prevention. |
| IDE | 1.5 years | Marketing cookies | doubleclick: serving targeted advertisements that are relevant to the user across the web. |
| RUL | 1 year | Marketing cookies | doubleclick: serving targeted advertisements that are relevant to the user across the web. |
| variant | 1 browser session | Strictly necessary cookies | For providing targeted content to users |
| cookie_consent | 1 year | Strictly necessary cookies | For persisting cookie consent |
| 1P_JAR | 1 month | Marketing cookies | Google: optimize advertising, to provide ads relevant to users |
| NID | 1 month | Marketing cookies | Google: to provide ad delivery or retargeting, store user preferences |
Removing cookies from your device
You can delete all cookies that are already on your device by clearing the browsing history of your browser. This will remove all cookies from all websites you have visited.
Be aware though that you may also lose some saved information (e.g. saved login details, site preferences).
Managing site-specific cookies
For more detailed control over site-specific cookies, check the privacy and cookie settings in your preferred browser
Blocking cookies
You can set most modern browsers to prevent any cookies being placed on your device, but you may then have to manually adjust some preferences every time you visit a site/page. And some services and functionalities may not work properly at all (e.g. profile logging-in).
Further help
If you still have any concerns relating to our use of cookies, please contact us at support@konvi.app
Image by Karolina Grabowska
It’s an interest-ing rate
In 2014, the European Central Bank (ECB) introduced negative interest rates as part of their expansionary monetary policy. This meant that the ECB’s deposit facility rate (DFR), was lowered to -0.1%. But this didn’t mean that those with money in their savings account had to pay an extra fee…at least not yet.
The expansionary monetary policy is a tool used by Central banks, such as the ECB, to stimulate economic growth through lowering interest rates, reducing reserve requirements of banks, or expanding open market operations. For the consumer, it became cheaper to get a loan. Overall, aggregate demand should increase and stimulate economic growth, as money pours into the economy.
Now that the basic theory is covered, an important question remains: What happens if this policy is kept for a long time span? Seven years later, the ECB lowered the DFR even further. to reach the current rate of −0.50%. So far, banks had to face the consequences of having their reserves at negative rates, at the ECB. Some have started charging a negative interest rate from their clients, for having high amounts of money in their accounts. Now, consumers are increasingly wondering whether their money is truly safe in their bank accounts.
With negative interest rates there is no reason for one’s money to sit around in a bank account, unless allocated for daily expenses and emergencies. But, where would the best place then be to hold savings?
In reality, savings should not all be held in one place. As Warren Buffet once said: “do not put all your eggs in one basket”
Traditionally, alternatives to keeping cash are bonds or stocks; both areas yield promising returns in comparison. Going for bonds - especially government bonds - is less risky. However, returns from government bonds are less promising: for a 30 year maturity in a German government bond the return is 0.03%. Considering the estimated inflation rate for 2021 in the EU of 1.6% on average, consumers are almost guaranteed to lose money.
Thus, negative interest rates aim to promote spending and in return strengthen economic growth. In the long run, it also has negative effects on consumers. Those who choose not to spend all their disposable income, must find alternative ways to protect their money.
What are alternatives to the stock market?
For those looking for a suitable alternative to the stock market, or simply another basket, should consider investing in luxury assets. These have historically proven to yield promising returns, and offer a stable opportunity. Yet gaining access to such luxury assets like watches, wines and art, is extremely difficult. The most investment worthy assets are also extremely expensive; So how does one take an opportunity that seems too far out of reach?
Konvi aims to break these barriers, by offering partial ownership into alternative luxury asset classes. Starting with luxury watches, Konvi plans to expand its offering into fine wine and arts in the future. Sign up to our app to get notified about our exclusive offerings, and see what may follow next!
Disclaimer: The contents of this article have been prepared for general informational purposes only and should not be construed as financial advice.
