Investments in the form of Equity Mutual Fund instruments are now increasingly popular as the choice of many people. This instrument can help you achieve certain financial targets, including preparing funds for luxury car maintenance.
As we know, luxury car maintenance is far from cheap. If you buy a luxury car, it means you also have to prepare enough maintenance funds on a regular basis.
The Importance of Preparing Funds for Luxury Car Maintenance
The use of luxury cars cannot be underestimated. Especially in terms of maintenance which must be carried out regularly and costs a lot of money. In this case, it is very important for you to prepare the funds well.
Preparing funds for luxury car maintenance through investment can be the right strategy. Here are several reasons why it is important to do this according to Liputan6.com:
- Luxury Car Damage Can Be More Complex
The first reason is that damage to luxury cars can be much more complex than ordinary cars. You need to understand this first before buying your dream luxury car.
Be aware that the damage to your car could be much more complicated and require special treatment. Of course the costs could also be higher.
- Continuous Risks during Use
As long as you use the car, there are various types of unexpected risks. Starting from the risk of damage, loss, accidents, natural disasters, and many more.
Of course, you cannot just ignore all the risks of using it. Apart from that, you also have to plan a strategy if this risk becomes a reality and happens to your car.
In this case, preparation for car maintenance costs will be a necessity. Moreover, luxury cars are not ordinary cars that can be treated carelessly.
- Relatively Expensive Treatment Value
You already know that luxury car maintenance is quite expensive. Before owning your dream luxury car, you must look for detailed information regarding car maintenance.
If necessary, it would be much better if you also looked for information regarding the costs of the treatment that will be required. Of course the value is far from cheap and you need to prepare your funds early on.
Moreover, as time goes by, the cost of this maintenance can become more expensive. This can happen because of increasingly rapid technological advances and increasing prices of spare parts.
- Choose the Best Insurance and Maintenance Requirements
As a luxury car owner, you definitely want to provide the best care. Apart from that, you also want the car to be protected by a quality insurance product.
Not to mention the spare parts, of course you don't want to use fake, cheap products. You want to use the best quality car parts that naturally costs higher.
All of this requires funds. So there's no harm in starting to prepare early. One way is to start investing so that your car maintenance needs are met.
Equity Mutual Funds are the right choice in this condition. You can take this instrument as a long-term investment to pay for maintenance costs.
Benefits of Using Equity Mutual Funds
Let's find out first why you are advised to use this investment instrument to prepare your luxury car maintenance funds. Moreover, you can also use various other types of investment instruments.
This type of investment turns out to have many benefits that you can utilize. Below are some of the advantages of this investment according to Medcom.id:
- High Return Potential
Through this instrument you can gain high potential returns. Although the risks are also high and you have to be prepared to experience declining performance at any time.
Make sure you choose the right product and focus more on large capitalization companies. This will increase your chances of return and enable you to achieve your target according to plan. You also need to be wise in choosing the products and companies involved.
- Fairly Flexible
This instrument is also known to be quite flexible and makes things easier for investors. You can withdraw funds at any time and the process is also easy. Disbursement time varies, but on average it is relatively fast.
Apart from that, you can also transfer funds to other instruments easily. Not only that, diversification is also very flexible to do so you can optimize profits.
To achieve the target maintenance costs for luxury car, you can diversify your investments with Fixed Income Mutual Funds. There are dividends that will come in periodically and can be used.
This investment is also flexible in terms of the time period. However, it is much more recommended to use a long-term investment instrument to gain optimal profit.
- Tax Free
One of the reasons why the potential profit for this instrument can be quite high is because it is tax free. This instrument is not a tax object, so you do not need to bear the payment of these costs.
The profits you receive will be completely intact and will only be deducted from the Investment Manager's fees. That's why this instrument is more beneficial, and you can rely on it.
- Managed by an Investment Manager
Another advantage of this instrument type is the role of the Investment Manager. The funds you invest will be directly managed by an experienced Investment Manager.
This is an advantage in itself, especially if you don't have enough time and ability to manage funds. Fund allocation can be more optimal because the Investment Manager already has a lot of experience.
If you choose the right Investment Manager, the profit value can reach the target as expected. However, there is no need to immediately panic if performance declines because the Investment Manager will look for the best solution.
Invest Your Funds with a Professional Manager
Get ready to invest your funds with DBS Treasures priority banking. Especially if you have certain financial targets, such as preparing car maintenance funds that must be carried out regularly.
With DBS Treasures, your investment funds will be managed directly by an experienced Investment Manager. You can also diversify easily and carry out various types of investment transactions only through the digibank by DBS Application.
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 luxury car maintenance funds through the right investment instruments. Equity Mutual Funds could be one of them and make sure you do it with DBS Treasures. More complete information can be accessed here.
