Three or five years later, what kind of product would you like?

If you have an active investment orientation, you should check the sales of bank periodic savings, preferential interest rate and special products.

Our life is always a continuation of choice. The moment of choosing a financial product for the purpose of raising money after 3 ~ 5 years always comes to us.  

 

Let's say you have a bonus of 2 million won this month. If you are saving, which financial product should you put it in? 

 

We strive to find the best products in order to prepare for and meet various life events ranging from marriage financing in the early years of society to financing housing after marriage, funding college for children and arranging for family events.

◇ Conditions that can be achieved

The first thing that comes to mind when you say 'purpose money' is the bank's regular savings products. If so, what criteria would you choose to pay for? 

First, we need to check interest rates. Check the basic interest rate, and if there is a certain condition, check whether there are additional preferential interest rates. It is to confirm that I am a condition that I can achieve well. 

It is also a way to check the interest rates of commercial banks by using the website of the National Federation of Bankers' Association and to select the goods suitable for me. 

Financial services provided by the Financial Supervisory Service (FSS) Portal Fines Financial products When you enter the menu at a glance, you can check the products currently sold in the order of the highest interest rate. 


◇ Check for sales of specialty products.

Each bank regularly sells special deposits that impose special conditions for a certain amount of money. 

It is good to check whether there is a special product targeted at a small number of VIPs by utilizing the house bank or the banker's acquaintance. 

There is something to be cautious about this. It is already necessary to worry about whether it is advantageous to change the main account in order to receive 0.1% preferential interest rate.

For example, current CMA account is set to 1.2% of annual interest rate, and the transfer fee is exempted without limit. However, if you change your account to receive the deposit rate, you will be asked to pay interest on the account. Whether you can receive the same conditions. 

◇ Active Investment If you want

to invest in a 'fund' fund, the most important point is that you have to carefully consider the range of losses and profits that you can afford. 

Funds are earnings-taking products. It would be nice if it worked, but if the loss happens, the loss belongs to me. So you need to be careful. 

Every month I have to choose with interest what commodity I invest in, what commodity it is invested in, how much it costs, such as commission fees and fund repairs. 

The commission is a one-time fee paid to a brokerage firm or bank when investing in the fund for the first time. There is a 'pre-sale commission' when you join the fund and a 'post-sale commission' that occurs when you repurchase the fund. 

Unlike the sales commission, fund remuneration costs are continuously paid during the investment period, and the funds are returned to the management company, the seller company, and the trust company. Depending on the fund's investment style, such as stocks, bonds, real estate, etc., the fee varies from 0.15% to 2.0%. For this reason, it is a good idea to compare the remunerations of funds that invest in similar styles to the same assets. 


◇ There are classes in

Funds are managed by fund managers in asset management companies, and products are sold by banks and securities firms. So even if it is the same product, there may be a difference in profit rate depending on which class of product you are subscribed to. 

Therefore, it is a cost-saving method to select long-term investment in Class A with low sales fees and C Class without short-term sales fee in short-term investments.

It is reasonable to join online if you have decided on the fund products because the sales fee is low when you join online like the example and savings of banks. 


◇ When selecting a product, you should consider the

purpose of the fund. When will it expire? I think I can achieve the event of my life planned at the time of expiration. 

After five years, we need to see if we have the necessary children's tuition in seven-year maturity products and whether we have funded our charter fundraising two years later in an aggressive ELS product. 

Choosing a product is always difficult, but you can make a wiser decision if you consider the use and duration of this money.