Through Mutual Fund investments, you can achieve various financial goals, including the plan to transform your living space into a more advanced and modern smart home.
In the increasingly modern era, a smart home has become an interesting trend to follow. It not only provides convenience while at home but also enhances your overall sense of security.
What is a Smart Home?
A smart home is a technology-based concept for houses. Various types of technology are integrated to automatically control and manage the home.
This smart home system allows you, as the homeowner, to have control from anywhere. Home settings can be adjusted flexibly, even using your smartphone.
Homes with this concept can connect all devices into one system. Homeowners can control the AC temperature, turn lights on and off, and even remotely control the TV.
Essential Smart Home Equipment
To achieve a comfortable and whole smart home, you need to allocate adequate funds. It’s far from cheap, especially if you aim to use the latest technology.
There are various types of equipment to own for a smart home. Below are some equipment you’ll need, including:
- IP Camera CCTV
First, you need a security camera or CCTV. Choose security cameras or CCTV that use internet protocol as their basis. This type of camera facilitates remote control.
When using this security camera, you can send and receive video recordings over the internet. It's an effective and flexible way to maintain home security.
- Smart Door Lock
You will also need to ensure secure locking with a smart door lock. It’s a keyless entry system equipped with automatic features.
After using this device, you no longer need a manual key. You can open the door using a key system with fingerprint, password, or even facial recognition.
- Smart Lighting System
Enhance your smart home with quality smart lighting. This connected lighting system can be controlled via a smartphone.
This technology allows you to easily turn lights on and off. You can even do it remotely from afar from your smartphone.
- Smart Thermostat Technology
Use smart thermostat technology to control your home's cooling devices. This device can automatically turn off and on the air conditioning in your home.
You can control the cooling system remotely, and it can even stop working if it detects that you are not at home.
- Smart Speaker System
Add a smart speaker system to your smart home. It's a smart audio device that you can control through a mobile device or smartphone.
This device is useful for those who enjoy listening to music or watching movies at home. You can turn on the speaker with a simple command through your smartphone.
Preparing a Smart Home Budget through Mutual Fund Investment
You can prepare the funds for your dream smart home through investments, relying on Mutual Fund instruments to achieve your financial goals. However, this investment should be done with the right strategy to accumulate funds according to your goals. Here are some investment tips for smart home preparation:
- Determine the Required Amount of Funds
The first thing to do is determine the amount of funds needed. If you want to have a smart home, research the concept thoroughly.
Find out what you need to buy and survey the costs. From there, estimate the total amount needed to realize your dream smart home.
- Choose Instruments According to Risk Profile
If you want to achieve a financial target through investment, you must choose the right type of instrument. In this case, understand your risk profile first.
Choose an instrument that suits your risk profile. Avoid risking what you have by using instruments that do not match your risk profile.
- Use Dollar Cost Averaging Strategy
Try implementing the dollar-cost averaging strategy when investing. Start using this method once you know what type of instrument you will use.
With this method, you can be more consistent in investing. It involves investing evenly and continuously, regardless of market conditions at the time.
- Diversify Investments
There's no harm in trying investment diversification to optimize profits and achieve financial goals quickly. However, make sure that this diversification is done with careful consideration.
Choose the right instruments for diversification. Additionally, consider your own capabilities when taking this step to achieve optimal profits and minimal risk.
- Stay Focused Until You’ve Achieved Your Goals
Make sure you stay focused on your goals. This is crucial in investing. If you're not focused on your goals, you might be tempted to withdraw funds before achieving them.
This will also help you remain calm even if market conditions are not as expected. As long as there is time to achieve financial goals, you will remain calm and not rush to sell assets.
Invest Safely with DBS Treasures
For those looking to leverage Mutual Fund benefits to realize their dream smart home, DBS Treasures priority banking is the right choice. There are many benefits you can enjoy when investing with DBS Treasures.
Your funds are directly managed by experienced investment managers. The digibank by DBS Application allows you to register SID (Single Investor Identification), buy, sell, and switch assets conveniently.
Be supported by curated market analysis from a team of financial experts who will communicate it. Seize the latest opportunities that have been tailored to your risk profile and portfolio needs, driven by Artificial Intelligence/Machine Learning (AI-ML). This insight is equipped with curated solutions related to investment (Grow) and insurance (Protect), so you can quickly and confidently invest through your preferred media.
Prepare your funds to realize your dream smart home through Mutual Fund investments now. Get more information about investing with DBS Treasures by clicking here!
