{"id":13300,"date":"2026-03-08T11:30:10","date_gmt":"2026-03-08T11:30:10","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/13300\/"},"modified":"2026-03-08T11:30:10","modified_gmt":"2026-03-08T11:30:10","slug":"kupili-ste-statne-dlhopisy-pre-koho-predstavuju-istotu-a-preco-odbornici-upozornuju-aj-na-ich-limity-peniaze-uzitocna-pravda","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/13300\/","title":{"rendered":"K\u00fapili ste \u0161t\u00e1tne dlhopisy? Pre koho predstavuj\u00fa istotu a pre\u010do odborn\u00edci upozor\u0148uj\u00fa aj na ich limity – Peniaze – U\u017eito\u010dn\u00e1 pravda"},"content":{"rendered":"

V marci 2026 sa op\u00e4\u0165 spustil predaj \u0161t\u00e1tnych dlhopisov ur\u010den\u00fdch pre verejnos\u0165. Agent\u00fara pre riadenie dlhu a likvidity spolu s Ministerstvom financi\u00ed Slovenskej republiky nadviazali na predch\u00e1dzaj\u00facu emisiu a pokra\u010duj\u00fa v ponuke investi\u010dn\u00fdch n\u00e1strojov pre ob\u010danov.<\/p>\n

\t\t\t\t\t \t\t\t\t\u0160t\u00e1t si p\u00fdta va\u0161e peniaze. Oplat\u00ed sa v\u00e1m mu po\u017ei\u010da\u0165? Dlhopis alebo term\u00ednovan\u00fd vklad – kde zarob\u00edte viac? \t\t\t<\/p>\n

\t \t\t\t Video \t<\/p>\n

\t\t\t\tM\u00e1te na \u00fa\u010dte \u00faspory, ktor\u00e9 po\u017eiera infl\u00e1cia, a prem\u00fd\u0161\u013eate, \u010do s nimi? \u0160t\u00e1t po roku op\u00e4\u0165 otv\u00e1ra br\u00e1ny a pon\u00faka dlhopisy pre be\u017en\u00fdch \u013eud\u00ed. Je to v\u0161ak skuto\u010dne t\u00e1 najbezpe\u010dnej\u0161ia a najv\u00fdhodnej\u0161ia cesta pre va\u0161e peniaze? Pozreli sme sa na \u00faroky, skryt\u00e9 podmienky aj na to, \u010di dok\u00e1\u017eete svoje peniaze vybra\u0165 sk\u00f4r, ak pr\u00edde ne\u010dakan\u00e1 kr\u00edza. V rel\u00e1cii Moje peniaze odpoved\u00e1 Filip Ku\u017ema z In\u0161tit\u00fatu modern\u00e9ho spotrebite\u013ea. \t\t\t\t\/\t\t\t\t\t\t\t\t\tZdroj: Pravda \t\t\t\t\t\t<\/p>\n

Predaj sa uskuto\u010dn\u00ed od 2.\u00a0do 20.\u00a0marca 2026.\u00a0V\u00a0ponuke bud\u00fa dva dlhopisy s\u00a0pevne stanoven\u00fdm v\u00fdnosom, pri\u010dom ka\u017ed\u00fd z\u00a0nich bude vydan\u00fd v\u00a0rovnakej\u00a0sume.<\/p>\n

V\u00a0ponuke bude dlhopis INVESTOR II so splatnos\u0165ou 2\u00a0roky a v\u00fdnosom 2,7\u00a0% ro\u010dne a dlhopis PATRIOT II so splatnos\u0165ou 4\u00a0roky a v\u00fdnosom 3,0\u00a0% ro\u010dne. Ka\u017ed\u00fd z\u00a0nich bude vydan\u00fd v\u00a0sume 200\u00a0mili\u00f3nov eur, pri\u010dom celkov\u00fa sumu bude mo\u017en\u00e9 zv\u00fd\u0161i\u0165 o\u00a0\u010fal\u0161\u00edch 100\u00a0mili\u00f3nov\u00a0eur.<\/p>\n

Minim\u00e1lna hodnota jedn\u00e9ho dlhopisu je 1\u00a0000\u00a0eur a je mo\u017en\u00e9 kupova\u0165 aj jeho n\u00e1sobky. Predaj zabezpe\u010d\u00ed p\u00e4\u0165 vybran\u00fdch komer\u010dn\u00fdch\u00a0b\u00e1nk.<\/p>\n

\u0160t\u00e1tne dlhopisy s\u00fa u\u017e v\u00a0predaji<\/p>\n

Ako sme spom\u00ednali aj vy\u0161\u0161ie, \u0161t\u00e1tne dlhopisy s\u00fa u\u017e v\u00a0predaji, a to od 2.\u00a0marca 2026\u00a0do 20.\u00a0marca 2026.\u00a0Minister financi\u00ed Ladislav Kamenick\u00fd informoval<\/a>, \u017ee po v\u00fdraznom z\u00e1ujme verejnosti o\u00a0\u0161t\u00e1tne dlhopisy sa podarilo pripravi\u0165 ich \u010fal\u0161\u00ed predaj aj v\u00a0roku 2026.\u00a0Uviedol, \u017ee cie\u013eom je nadviaza\u0165 na predch\u00e1dzaj\u00facu emisiu a op\u00e4tovne pon\u00faknu\u0165 ob\u010danom mo\u017enos\u0165 investova\u0165 do \u0161t\u00e1tnych cenn\u00fdch papierov.<\/p>\n

Z\u00e1rove\u0148 zd\u00f4raznil, \u017ee dlhopisy boli pripraven\u00e9 tak, aby boli dostupn\u00e9 pre be\u017en\u00fdch \u013eud\u00ed. Pod\u013ea jeho slov m\u00e1 by\u0165 proces n\u00e1kupu jednoduch\u00fd a podmienky nastaven\u00e9 tak, aby boli pre ob\u010danov Slovenskej republiky zrozumite\u013en\u00e9 a primeran\u00e9.<\/p>\n

\u201eAko prejav d\u00f4very ob\u010danov v\u00a0\u0161t\u00e1tne dlhopisy, ktor\u00e9 sa v\u00a0marci 2025\u00a0vypredali v\u00a0kr\u00e1tkom \u010dase, sme chceli \u013eu\u010fom da\u0165 op\u00e4tovne mo\u017enos\u0165 investova\u0165 do cenn\u00fdch papierov. Som r\u00e1d, \u017ee dnes m\u00f4\u017eeme ohl\u00e1si\u0165 nov\u00fa emisiu. V\u00a0najbli\u017e\u0161\u00edch d\u0148och sp\u00fa\u0161\u0165ame informa\u010dn\u00fa kampa\u0148 a so samotn\u00fdm predajom za\u010dneme v\u00a0pondelok 2.\u00a0marca 2026,\u201c informoval riadite\u013e agent\u00fary ARDAL Peter \u0160olt\u00fds.<\/p>\n

S\u00fa dlhopisy naozaj tak\u00e9 dobr\u00e9?<\/p>\n

Spolo\u010dnos\u0165 Prosight, uv\u00e1dza, \u017ee Ministerstvo financi\u00ed pripravuje \u010fal\u0161iu emisiu \u0161t\u00e1tnych dlhopisov pre ob\u010danov. Tie pon\u00fakaj\u00fa garantovan\u00fd v\u00fdnos a vysok\u00fa mieru bezpe\u010dnosti, preto m\u00f4\u017eu by\u0165 vhodn\u00e9 najm\u00e4 pre konzervat\u00edvnych investorov.<\/p>\n

Z\u00e1rove\u0148 v\u0161ak upozor\u0148uj\u00fa, \u017ee pri dlh\u0161om investi\u010dnom horizonte existuj\u00fa aj alternat\u00edvy s\u00a0vy\u0161\u0161\u00edm potenci\u00e1lom zhodnotenia. V\u00fdber invest\u00edcie by mal vych\u00e1dza\u0165 z\u00a0cie\u013eov investora, d\u013a\u017eky investovania a jeho pr\u00edstupu k\u00a0riziku.<\/p>\n

\u201e\u0160t\u00e1tne dlhopisy pre ob\u010danov predstavuj\u00fa istotu a predv\u00eddate\u013enos\u0165. V\u00fdnos tejto emisie sa v\u0161ak pohybuje na \u00farovni 2,7\u00a0% a\u017e 3\u00a0% ro\u010dne v\u00a0z\u00e1vislosti od d\u013a\u017eky splatnosti. Po zoh\u013eadnen\u00ed infl\u00e1cie to \u010dasto znamen\u00e1 len minim\u00e1lne, pr\u00edpadne \u017eiadne re\u00e1lne zhodnotenie \u00faspor,\u201c hovor\u00ed Anton Ivan, CFO spolo\u010dnosti PROSIGHT.<\/p>\n

Pod\u013ea jeho slov s\u00fa \u0161t\u00e1tne dlhopisy vhodn\u00e9 najm\u00e4 pre ve\u013emi opatrn\u00fdch investorov alebo ako kr\u00e1tkodob\u00fd sp\u00f4sob, ako ochr\u00e1ni\u0165 \u00faspory. M\u00f4\u017eu by\u0165 stabilnou s\u00fa\u010das\u0165ou portf\u00f3lia, no nemali by by\u0165 jedin\u00fdm n\u00e1strojom na dlhodob\u00e9 budovanie majetku.<\/p>\n

\t\tInvestovali by ste do \u0161t\u00e1tnych dlhopisov?<\/p>\n

Nie, v\u00fdnos je pod\u013ea m\u0148a pr\u00edli\u0161 n\u00edzky.<\/p>\n

34,7%<\/p>\n

\u00c1no, ale len ako \u010das\u0165 svojich \u00faspor.<\/p>\n

32,3%<\/p>\n

\u00c1no, pova\u017eujem ich za bezpe\u010dn\u00fa vo\u013ebu.<\/p>\n

28,7%<\/p>\n

E\u0161te nie som rozhodnut\u00fd\/\u00e1.<\/p>\n

4,2%<\/p>\n

Vy\u0161\u0161ie zhodnotenie kapit\u00e1lu<\/p>\n

\u013dudia, ktor\u00ed chc\u00fa svoje peniaze zhodnocova\u0165 dlhodobo, si m\u00f4\u017eu vybra\u0165 aj dynamickej\u0161ie formy investovania. \u010castou vo\u013ebou s\u00fa indexov\u00e9 fondy, ktor\u00e9 investuj\u00fa do ve\u013ek\u00fdch svetov\u00fdch firiem, ako s\u00fa Apple \u010di Microsoft. Tak\u00e9to invest\u00edcie v\u00a0dlhom obdob\u00ed prin\u00e1\u0161ali v\u00fdnos pribli\u017ene 7\u00a0a\u017e 9\u00a0% ro\u010dne, hoci ich hodnota m\u00f4\u017ee kr\u00e1tkodobo kol\u00edsa\u0165.<\/p>\n

Indexov\u00e9 fondy investuj\u00fa do ve\u013ek\u00e9ho po\u010dtu firiem po celom svete, tak\u017ee peniaze nie s\u00fa viazan\u00e9 len na jednu spolo\u010dnos\u0165. T\u00fdm sa zni\u017euje riziko v\u00fdkyvov. Konzervat\u00edvnej\u0161\u00ed investori si m\u00f4\u017eu zvoli\u0165 zmie\u0161an\u00e9 fondy, ktor\u00e9 sp\u00e1jaj\u00fa akcie aj dlhopisy a pri dlhodobom investovan\u00ed m\u00f4\u017eu prinies\u0165 pribli\u017ene 6\u00a0a\u017e 7\u00a0% ro\u010dne. \u010eal\u0161ou mo\u017enos\u0165ou s\u00fa podnikov\u00e9 dlhopisy v\u00e4\u010d\u0161\u00edch spolo\u010dnost\u00ed s\u00a0v\u00fdnosom okolo 5\u00a0a\u017e 6\u00a0% ro\u010dne, treba v\u0161ak po\u010d\u00edta\u0165 s\u00a0o\u00a0nie\u010do vy\u0161\u0161\u00edm rizikom ako pri \u0161t\u00e1tnych dlhopisoch.<\/p>\n

\t\t\t \t\t\t\t\t\t\t\t\"Pr\u00edklad \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\tFoto: Prosight Slovensko \t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t \t\t\t\t\tPr\u00edklad zhodnotenia jednorazov\u00e9ho vkladu 10.000 \u20ac \t\t\t\t \t\t\t\t\t\t\t\t\tPr\u00edklad zhodnotenia jednorazov\u00e9ho vkladu 10.000 \u20ac \t\t\t\t\t\t<\/p>\n

Dlh\u00e1 viazanos\u0165 nie je pre ka\u017ed\u00e9ho<\/p>\n

K\u00a0danej problematike sa vyjadrila aj 365\u00a0banka, upozor\u0148uje na rozdiel medzi \u0161t\u00e1tnymi dlhopismi a flexibilnej\u0161\u00edmi formami sporenia. Pripom\u00edna, \u017ee hoci dlhopisy p\u00f4sobia ako bezpe\u010dn\u00e9 rie\u0161enie, peniaze v\u00a0nich zost\u00e1vaj\u00fa viazan\u00e9 dva alebo \u0161tyri\u00a0roky.<\/p>\n

Banka poukazuje na to, \u017ee mnoh\u00e9 dom\u00e1cnosti s\u00edce dr\u017eia zna\u010dn\u00e9 prostriedky na be\u017en\u00fdch \u00fa\u010dtoch, no z\u00e1rove\u0148 potrebuj\u00fa ma\u0165 rezervu dostupn\u00fa pre pr\u00edpad ne\u010dakan\u00fdch v\u00fddavkov. Pri dlh\u0161ej viazanosti investor nem\u00e1 mo\u017enos\u0165 jednoducho siahnu\u0165 na svoje \u00faspory tak, ako je to pri be\u017en\u00fdch bankov\u00fdch produktoch.<\/p>\n

Pod\u013ea 365.banky by preto \u0161t\u00e1tne dlhopisy mali tvori\u0165 len \u010das\u0165 finan\u010dn\u00e9ho portf\u00f3lia. Klienti by mali zv\u00e1\u017ei\u0165 aj rie\u0161enia, ktor\u00e9 umo\u017e\u0148uj\u00fa priebe\u017en\u00fd pr\u00edstup k\u00a0peniazom a v\u00e4\u010d\u0161iu flexibilitu pri spr\u00e1ve vlastn\u00fdch\u00a0\u00faspor.<\/p>\n

\t \t\t\t\t\t\"seniorka, \t\t\t \t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\u010c\u00edtajte viac \t\t\t\t\t\t\t\t\t \t\t\t\t \t\t\t\t\tVdovsk\u00e1 penzia nie je cel\u00fd d\u00f4chodok po man\u017eelovi. Ko\u013eko percent z neho dostanete?+ pr\u00edklady v\u00fdpo\u010dtu \t\t\t\t \t\t\t \t\t\t<\/a><\/p>\n

\u201eTieto dlhopisy maj\u00fa splatnos\u0165 dva alebo \u0161tyri roky. Je s\u00edce mo\u017en\u00e9 ich odpreda\u0165 na burze po\u010das ich \u017eivotnosti, hroz\u00ed tu v\u0161ak riziko kol\u00edsania ceny,\u201c povedala Zuzana Bla\u017ee\u010dkov\u00e1 Janove, Head of PR v\u00a0365.bank.<\/p>\n

\u201ePr\u00e1ve preto odpor\u00fa\u010dame investova\u0165 len prostriedky, ktor\u00e9 v\u00a0danom horizonte investor nebude potrebova\u0165. Treba si tie\u017e uvedomi\u0165, \u017ee nejde o\u00a0bankov\u00e9 vklady, \u0161t\u00e1tne dlhopisy nie s\u00fa chr\u00e1nen\u00e9 Fondom ochrany vkladov. Navy\u0161e, ak sa pozrieme na pon\u00fakan\u00e9 \u00faro\u010denie 2,7\u00a0% a\u017e 3\u00a0% p. a., m\u00f4\u017ee sa sta\u0165, \u017ee v\u00fdnos nepokryje infl\u00e1ciu,\u201c dodala.<\/p>\n","protected":false},"excerpt":{"rendered":"V marci 2026 sa op\u00e4\u0165 spustil predaj \u0161t\u00e1tnych dlhopisov ur\u010den\u00fdch pre verejnos\u0165. Agent\u00fara pre riadenie dlhu a likvidity…\n","protected":false},"author":2,"featured_media":13301,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5020,635,6763,6761,2705,43,40,44,39,42,45,41,6762],"class_list":{"0":"post-13300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-slovensko","8":"tag-dlhopisy","9":"tag-financie","10":"tag-koho","11":"tag-kupili","12":"tag-ladislav-kamenicky","13":"tag-sk","14":"tag-slovak","15":"tag-slovak-republic","16":"tag-slovakia","17":"tag-slovencina","18":"tag-slovenska-republika","19":"tag-slovensko","20":"tag-statne"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116193330743617641","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/13300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=13300"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/13300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/13301"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=13300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=13300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=13300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}