Plan to invest📊

[How should such a goal be invested?

"Want to save travel money - buy a house - save retirement money" What should be invested in each of these goals? Wealth Me Up has advice!

When it comes to investing, many people may think of returns first, but the equally important thing is "goals," because good investment has to start by knowing when and for what we need money, or "WFH."

W - What? What target?

F - For How Long? When will this sum be used?

H - How much? How much to invest?

Once we have set all the goals, start planning the investment to suit the three main goals so that the money is fully functional and risk-prone.

1. Short-term goals

With an investment period of 1-3 years, such as having an emergency reserve, collecting money abroad, studying, buying big things like a phone or computer, etc.

The nature of investment should be invested in low-risk assets, emphasize principal stability, high liquidity, and can be easily withdrawn, such as e-Savings deposit accounts, short-term debt securities, short-term government bonds, money market mutual funds, etc.

2. Medium-term goals

With an investment period of 3-7 years, such as the wedding payment, the house down, etc.

It can invest in medium-high risk assets to increase the likelihood of greater returns, but it also has principal security, such as mixed mutual funds, debentures with good credit ratings, REITs, etc.

3. Long-term goals

With an investment period of 7 years or more, such as retirement payment, school delivery plan, inheritance to offspring, etc.

This can be invested in high-risk assets because we have a long enough investment period, which reduces volatility from investment and has a higher chance of return, such as equity funds, individual stocks, gold, etc.

A good investment starts by knowing ourselves, knowing goals, and choosing the right assets so that our money grows with the goals of life firmly and sustainably.

Warning: Investing is risky Investors should study the data well before making an investment decision.

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