What is the Ideal Amount that Should be Invested or Saved?

What is the Ideal Amount that Should be Invested or Saved?

Investing and saving are things that need to be prioritized when you are able to make money every month. With the investment owned, it will be easier to meet various financial goals in the future such as paying the house’s DP, marriage fees, or financing children’s education. The next thing that often becomes a problem and the question of many people is what is the ideal amount that must be invested or saved every month. Meanwhile, you may also need to check out the investment mis selling claim service, so it’d be easier for you to deal with the mistakes and errors in your investments.

The answers to these questions vary widely and depend on several factors and individuals.

Before answering the ideal amount to save and invest, you should first answer the 3 questions below.

1. Passive Income You Want

The investments made have the potential to provide passive income to you regularly.

Determine how much passive income you want from the investment you make regularly.

2. Know Your Risk Profile

Risk profiles consist of 3, namely conservative, moderate, or aggressive, and this is, of course, different from one person to another.

If you want a high rate of return, then you should be willing to take a higher risk.

You also have to be willing to see the movement of investment values that rise and fall drastically.

3. Investment Period

The investment period will determine the type of investment instrument that is able to provide optimal returns.

If you aim to invest within a period of 10-15 years, then stocks can be an investment choice that can provide optimal results within that timeframe.

So, determine the investment period that you will choose before deciding how much money needs to be set aside each month.

That’s it for the info that we may share with you regarding investments, and we hope this info helps you to gain more knowledge before you decide to make an investment in the near future.

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