How to invest your money wisely?
Saving a portion of your monthly income is one of the first steps to take if you want to learn how to invest your money wisely. These days there are many types of investment so that the amount you will save tends to vary according to the option you wish to invest.
As is no news, saving is one of the most common investments, but there are other forms of investment such as the Stock Exchange. So, learn in this article how to invest your money wisely.
Do not depend on the money that will be invested
How to invest your money if you will need it to pay some account, for example? When you decide to invest your savings, you should not rely on them in the short term. That means that if there is any extra expense you need to find a way to pay off the value without having to mess with the investment. Therefore, it is important to have a reserve for emergencies, in addition to the amount invested.
Finding out how to invest your money
The first action to be taken for those who want to invest wisely is to set goals, so it is important to have a goal and to know why you are saving your money so that only then can you reach a conclusion about which best investment to make And the deadline to redeem it.
For those who are thinking about retirement, the indication is or proved providence, or National Treasury bonds and the great advantages of this type of investment is that they do not have administration fee. If you want more information, the National Treasury website can count on information that can answer all your questions.
It’s worth pointing out that it’s important to establish the goal as to what the value and time will be for you to get it back, so you can estimate profitability and figure out how to invest your money in the best way.
Do research on administration and brokerage fees
From the moment you decide to make some investment aware around the existence of the payment of taxes and fees for management of funds. The latter is a charge levied by the brokerage firms to carry out the financial operations.
The fees that are charged by these institutions can vary a lot, so it is important to research how much each one costs before hiring the service. Also, for certain investments, it is imperative to be tied to a brokerage firm. Here you can search a list of them and choose the one that suits your case.
Start your investment for fixed income
The best way to take risks for you who wants to start investing your money is through fixed income, because whenever there is a need, it is possible to redeem the amount, even before the due date. Another advantage is that the administration fees are low and the Income Tax will only be charged at the time of the commercialization or expiration of the application.
Stock Exchange X Variable Income
The stock exchange is the type of investment indicated for the person who has a greater resource to invest. To begin, you must contact a broker authorized by the Securities and Exchange Commission. The broker will be responsible for opening the investor’s account and assistance in bying or selling stocks for you. Depending on the institution you choose, it will determine the minimum amount to open your account.
For the person who does not have a very high value to invest, the alternative is to invest in a fund or investment club, increasing the total invested. The profitability will vary according to the growth of the company, and so the risks are higher.