Saving part of the income is one of the first steps for you who wants to know how to invest your money wisely. Currently there are several types of investment, and the amount to be saved can vary from option to option.
Savings are among the best known applications, but it is also possible to invest money in other ways, such as the National Treasury and the Stock Exchange. Learn how to invest your money wisely now.
Do not depend on the money that will be invested
How to invest your money if you need to pay some account, for example? When you decide to invest your savings, you should not rely on them in the short term. This 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. That is why it is important to have an emergency reserve in addition to the amount invested.
Set goals and discover how to invest your money
Setting goals is the first step for you that intends to make financial investments. It is interesting to know what you are saving so you can establish the best type of investment and the redemption term.
For retirement, for example, you can either opt for a private pension – which can be deducted directly from your account – as well as National Treasury bonds that have good long-term yields. There are, for example, National Treasury Notes, Series B (NTN-B), with bonds maturing until 2045.
One of the great advantages of this investment is that in the collection of administration fee, despite the incidence of Income Tax on income. On the website of the National Treasury it is possible to consult these and other characteristics of each title, including its profitability.
Therefore, establish the amount and the time will be for you to have it back so you can estimate profitability and figure out how to invest your money in the best way.
Search for administration and brokerage fees
When you decide to make investments it is important to know that there are taxes and fees for administering the funds. The latter is a charge levied by brokerage firms for the conduct of financial transactions.
Fees charged by institutions vary. So it is important to research how much each one charges before hiring the service. In addition, for certain investments it is essential to be tied to a brokerage firm. Here you can search for a list of them and choose the one that suits your case.
Diversifying investments means putting a little money in savings, another in the stock market and still apply in public bonds, for example. Each of them has different characteristics of minimum amount to be invested, profitability and term for the redemption. So, by this tip it will be much more difficult for you to have any losses, for your money to earn less or have to wait for a long time to redeem.