At this time, where inflation has made its own, investing in a bank your savings can be that raft that helps you get afloat. Saving is no longer enough to face the future. Why? Because the inflation process entails a loss of the purchasing power of money, so, each time, your money is enough to pay less for products and services. For this reason, it is advisable to save yes, but above all to invest what has been saved.
Why invest in a bank?
In addition to that it can bring you security and confidence, investing in a bank can generate returns in the short, medium and long term, depending on the investment you request.
For example, within the range of investments that you can request are:
- Term investments
- Savings accounts
- Investment funds
Whatever you decide to invest, it doesn’t matter, the important thing is that you have already taken a big step. Now to generate returns as the best! For this we recommend you take into account the following points.
Determine the amount to invest and the investment horizon
Determine carefully the amount that you will be able to invest, and above all, the time in which you should not have it to be able to choose the type of investment you want. For example: if you have saved for the purpose of investing, but you will need the money in a short time, you must opt for a short-term investment, but if on the contrary, you do not require the cash until within a good time, you can choose the investments Longer term.
Know your investment
Try to know in depth the financial product in which you are going to invest, that is, know what it is, what is its mechanism to generate returns and the risk involved. You can do the investor test in order to know what kind of risk you are willing to take.
Choose your ideal bank
The choice of the financial institution where you are going to invest is essential for the future of your money. Determine in which bank you will do it according to the evaluation of the following points:
- Numbers, that is, the returns and commissions they offer. We recommend you visit unconsolidated or large banks, these institutions are in the process of attracting resources, usually, give good returns and low commissions.
- The quality of the service. This is essential when choosing to invest in a bank. A good account executive who can guide you throughout the process is always essential.
- Take into account if the investment is flexible in terms of terms. If you are not sure about investing during a certain period of time, try to choose short-term or non-fixed investments.
Always set an investment goal, that is, consider what you are going to do with the money you raise. This helps the term not become so heavy as you focus on the goal and not on the time it takes to reach it.