Investing is like going on a trip. You decide where you want to be. You set a budget. You make a checklist of what you would want to do. Then you look at the resources you would need to make the trip happen. It takes time, planning, and of course, prudent use of money.
However, you do not need a lot to get started. In fact, you’d be surprised how little you need to get started to explore the world of investing. Here are four ways you can start investing with flexible fund:
A Do-it-yourself portfolio: the equivalent of planning own vacation
Putting together and managing your own portfolio is like taking complete control of your own vacation. You enjoy the freedom to chart your own path, although researching, planning, comparing, and picking the right investments could take a lot of time.
This isn't the only thing you'll need to consider - like how your budget limits the places you can visit, your investing budget limits how much you can diversify your portfolio.
For instance, you can only purchase stocks in groups - called lots - of 100. If one lot of blue-chip costs IDR 100,000,000,00, a few of these lots could take up most of your budget. You will also need to consider the effort to access certain investments, such as US-based ones, that may require setting up special accounts or changing your trading account settings.
Mutual Funds: the package tour of investing
Whether your preference is skiing in Hokkaido or diving in the Maldives, you can easily find a tour package to make your trip come true.
Investing in Mutual Funds is like joining such package tours. Like how tour guides lead tour groups, Mutual Funds are managed by professional managers who pool money from many investors, deploying it in a mix of stocks, bonds, and other assets. This makes them an affordable way to attain a measure of diversification, since you can start investing with flexible fund.
However, Mutual Funds are typically focused on specific markets or sectors, like how tour packages focus on specific regions. This leaves your investments open to risk. Globally, sociopolitical events impact the value of investments in different geographical regions.
In addition, if you're only going along for the ride, you won’t have a say over how your money is invested.
Digital innovation with expert insight
These days, a travel application can guide you in exploring various destination and is equipped with various features to make traveling easier. On the other hand, the insight of local guides remains necessary for many things, including local secrets and off-the-beaten-track spots not widely known.
Likewise, the digibank by DBS Application is equipped with various features to monitor, manage, and grow your investment from anywhere, anytime. You can register Single Investor Identity (SID), buy, sell, and switch Mutual Funds. The wealth of available products has also been analysed by Infovesta as a renowned independent party, resulting in categories such as Best Performing Mutual Funds, Most Popular Mutual Funds, and Best Scoring Mutual Funds.
To allow you make investment moves confidently, DBS Treasures as your trusted wealth management partner has a team of financial experts who personalise and communicate your financial strategy. This team is supported by the digital innovation of Portfolio Advisory Enablement Tool, to design a portfolio that swiftly and accurately shaped to your financial aspirations and risk profile, based on the latest market dynamics. So you can optimise your wealth on the right track.
