Renovating your house requires funds, and sometimes you feel that you need to acquire a loan for renovations that are widely available. But that means you now have a loan, and making a loan means that you will become a creditor who is responsible to pay off debt.
Or, instead you can try the smarter way to acquire funds to renovate your dream home without having any debt. By investing the finds into a Fixed Income Mutual Fund. By investing from now, you can collect your renovation funds quicker free of debt. Here’s how it works,
Utilize your Investment Funds to Renovate Your House, Debt free
Preparations is an important part before planning your renovation. This is important because it determines how much it will cost you. The investment objective is to help gather the funds needed but knowing the amount is also important so that you can strategize carefully.
First, you must determine the priorities on what part of the house that should be renovated first. You can consult experts if needed. Roof leaks, problems with electricity and fragile walls need to be a priority.
Secondly, once you understand all the parts that needs repairing you can determine the renovation costs. You can make expense posts starting from the materials, renovation process, and services. Only then can you find out how much it will cost to prepare all of it.
Preparing Your Renovation Funds with Fixed Income Mutual Funds
After determining the budget needed, you can start investing in Fixed Income Mutual Funds products. The returns given are relatively stable since the funds are allocated to assets that can provide regular returns.
If you at least collected a potential stable return in two to three years, then the renovation funds are obtainable. Once the funds are collected you can start the renovations free of debt.
There are other smart ways to take advantage of Fixed Income Mutual Funds for investment as follows:
- Looking for the Right Fixed Income Mutual Fund Product
Investment performance will be more optimal if you invest in a good product, therefore investors must choose the products carefully, an indicator in determining which products has growth potential is to know who the issuer is as well as the Investment Manager.
If you choose Fixed Income Mutual Funds, then inspect the track record of the company issuing the bond in their portfolio. As for the Investment Manager, investigate how much funds they usually manage. Make sure that these two factors have a great track record in performance. After all the work, you can confidently choose which product you need.
- Check Your Asset Performance Every Three Months
Monitoring asset development daily or weekly is ineffective. You should check at least once every three months since most Fixed Income Mutual Funds assets have maturities of 1-3 years.
When an asset has decreased in value in the past three months or even more, you can replace it for a product with more secure assets and better returns. You can also add your investments for a higher potential growth in returns.
- Adapting to Your Financial Situation
Adding or transferring assets should not be carried out on an impulsive basis. In addition to paying attention to the movement of asset values, you must adjust it to your current financial situation.
Be wise in managing your finances so that you can prioritize your needs. Cutting expenses that can be postponed is an alternative step if you really want to add assets.
Every time you want to add assets, think about the needs that must be met in the next few months. Bearing in mind the results given also take time.
- Don't Stop Investing
Although Fixed Income Mutual Funds can provide potentially stable returns, their value may decline. This often makes investors stop investing entirely. This is not the right mindset to have in investing.
As an investor, you must understand the benefits and risks that will occur at any time. Dropping investing entirely is the same as losing profit opportunities in the future, especially if the assets you already have has good potential.
There are times when the value may be going down, but when it matures the value will go up again resulting in more profits. Fund preparations for home renovations can be in accordance with your initial predictions. So, planning your finances and choosing the best Fixed Income Mutual Fund products is a must.
Step by step you can accomplish your renovations goals. Both in terms of the renovation process as well as the preparation of funds that are relatively large. While investing, you can also prepare the designs, renovation time, and services for a more satisfying result.
Ready to Invest? DBS Treasures will assist you
DBS Treasures priority banking offers a wide selection of investment instruments to make it easier for you to meet your home renovation goals. Including Fixed Income Mutual Funds.
If you have the required amount of funds, you can invest through DBS Treasures now and gain a myriad of benefits.
- Managing Your Investments Professionally
DBS Treasures offers investors a safe way to have their funds managed professionally. Only experienced and professional Investment Managers are chosen to partner with DBS Treasures in managing your investment funds.
As an investor and priority banking customer, you will benefit from the optimal performance of the product you choose. This is inversely the case when you have to do it yourself as the time to manage can make it difficult for you to optimize your product properly.
- Gain Market Analysis and Opportunity Insights
DBS Treasures also has a team of reliable financial experts who are proactive in designing investment strategies specifically for you. You will receive market insights and opportunities tailored to your preferences and needs.
The Market Analysis can also help you track developments of a product resulting in making decisions to sell, buy and transfer assets be made more quickly and with confidence. It’s no wonder if your goals for home renovation can be fulfilled easily.
- Delivering Asset Management with Diversification
One of the reasons why Fixed Income Mutual Funds are quite safe is that they are divided into several different assets. So, you don't have to worry when one of the assets declines in value. The rest of the assets will help cover losses.
- More Accessible
Many investors prefer not to go to the nearest bank office to invest. DBS Treasures offers a solution by utilizing the digibank by DBS Application you can invest easily in your comfort.
You can sell, buy and switch products in one hand, anytime anywhere. Likewise, the analysis process is supported by Infovesta.
If you don't have a Single Investor Identification (SID) issued by KSEI (Indonesian Central Securities Depository), you can easily make one in the app before your first transaction.
Investing in Fixed Income Mutual Fund as a solution for your home renovation plan is wise. The product is easy to manage and not difficult optimize. Even if you are busy with your daily work activities, your investment can still run.
To start, you will need to provide e-KTP, NPWP, minimum age 18 years old or married, and have an account at DBS Treasures priority banking.
All you have to do is fill out the Mutual Fund transaction form and the risk profile questionnaire provided. You can immediately become a DBS Treasures Customer and start investing in Fixed Income Mutual Funds.
