Conservative investing – bonds, gold and your result against inflation
You protect your savings with Polish treasury bonds, gold and a small share of stocks. FundStat values bonds with accrued interest, brings all assets into one portfolio and shows whether its return beats inflation.
Conservative investor profile
- Strategy
- Capital protection
- Typical assets
- Treasury bonds, gold, some stocks
- Risk
- Low
- Portfolio check
- Every month
- Goal
- Beating inflation
Conservative investor – the problems you run into most
Safe assets need watching too: interest, redemptions and inflation change the real value of your savings. Most careful investors know these situations.
I hold several EDO and COI bond series and don’t know what they’re worth today with interest.
FundStat supports Polish treasury bonds and values them with accrued interest, including capitalisation, interest payouts and redemption under each issue’s terms.
I don’t know whether my savings grow faster than prices in the shops.
Benchmark comparison puts your portfolio’s return next to Polish CPI inflation over the same period.
The PKO BP treasury bond history has no deposits, so my balance doesn’t add up.
PKO BP bond import reads purchases from the XLS file, and auto-top-ups fill in the missing cash for every purchase.
I hold bonds, gold and some stocks, but I can’t see each one’s share of the total.
The portfolio structure shows the share of bonds, gold, stocks and cash, so you know your allocation and whether it sticks to the plan.
A conservative investor’s year in FundStat
Careful investing comes down to a few calm, repeated tasks. Each of them has its place in the app.
- Every month
Buy more bonds
After buying a new series, upload the file from the PKO BP treasury bond service. The portfolio shows the new position and its value right away.
PKO BP bond import - Every quarter
Compare your result with inflation
Check whether the portfolio’s return beats CPI inflation, meaning whether the real value of your savings grows.
Benchmark comparison - Before redemption
Decide whether to roll over
When a series approaches redemption, check the accrued interest and decide whether to exchange it for a new issue.
Treasury bonds in FundStat - Once a year
Review your portfolio structure
Check the share of bonds, gold, stocks and cash and decide whether to restore your target proportions.
What portfolio allocation is
The features conservative investors use most
These four features are enough to know what your savings are worth and whether they beat inflation.
- Portfolio benchmarkingCompares your portfolio’s return with Polish CPI inflation and indices over the same period.
- Import assistantReads bonds from PKO BP and trades from your brokers, without retyping.
- Asset analysisShows the gold price history and bond values together with your purchases.
- Mobile appLets you check the value of your savings in seconds, without logging in to several services.
Safe saving in numbers
- was Poland’s average annual inflation in 2022, the highest since 1997
- 14.4%
- Source: Statistics Poland (GUS)
- is what Poles invested in retail treasury bonds in 2025, the second-best year on record
- PLN 74.9 bn
- Source: Polish Ministry of Finance
- is the amount up to which the Bank Guarantee Fund protects one person’s deposits at one bank
- €100,000
- Source: Bank Guarantee Fund (BFG)
“Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.”
Savings in a spreadsheet, a bank service and FundStat
Each of these tools shows part of the picture. The table compares what matters most to a conservative investor.
| Spreadsheet | Bank or broker | FundStat | |
|---|---|---|---|
| Bond value with accrued interest | |||
| Bonds, gold and stocks in one view | |||
| Comparison with CPI inflation | |||
| Return without the effect of contributions (TWR) | |||
| Share of bonds, gold and cash in the portfolio | |||
| No manual entry of purchases |
- Yes
- Partly or by hand
- No
Conservative investor – frequently asked questions
Inflation-linked bonds do, such as the 4-year COI and 10-year EDO. They pay a fixed rate in the first period and inflation plus a margin in the following ones. The protection works over the longer term, so it’s worth comparing the result with CPI inflation over the whole investment period.
A conservative investor’s portfolio – calm, with your result against inflation
A careful strategy works when your savings grow faster than prices. FundStat values treasury bonds with interest, brings gold and stocks into one portfolio and shows whether your result beats inflation.
Other investor profiles
- Passive investorETFs, regular contributions and buy-and-hold, without watching the market every day.
- Aggressive investorFrequent trades, growth stocks and futures, with every position’s result under control.
- Dividend investorTrack dividend payouts, yield and the passive income your portfolio generates.
- Retirement saverIKE, IKZE and OKI accounts in one place, with returns measured over years.
- Multi-account investorSeveral brokers, banks and currencies, one consistent picture of your wealth.