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5 tips for investing money
Whether you’re a newcomer, beginner or professional, we’ve put together 5 valuable tips to help you get started successfully in digital investing or to restructure your existing assets.
THE MOST IMPORTANT POINTS AT A GLANCE:
Invest in something you understand and check out the costs
Pay in regularly and stay true to your investment horizon
Don't wait - start now!
Index
Tip 1: Simple rather than complicated
Only invest in what you understand. Start with a simple investment app and make sure it’s intuitive to use and highly transparent so you always know how and where your money is invested.
Tip 2: Pay attention to the costs
Even if the costs seem low at first glance, they make a significant difference in the long run. After all, your money should work for you, not for the bank.
A digital asset manager or investment app should cost around half a percent. Annual fees that tend towards 1% or even higher are too expensive. findependent costs you only 0.4% of the invested money per year.
Maybe you think that the amount of the fees is not so important or at first glance, one per cent fees more or less does not look like much. But that is deceptive. Because the fees constantly eat away at your investment sum and a smaller investment sum then achieves less income and growth in value. Over time, the fees become increasingly noticeable – like a negative compound interest effect.
Tip 3: Pay in regularly
The best thing to do is to set up a standing order and invest regularly in your findependent investment solution. This could be monthly or quarterly, for example. From an amount of around CHF 50, the investment is then made in the investment solution of your choice.
Tip 4: Stay true to your investment horizon
No investment in the world moves in only one direction, upwards. Fluctuations are normal and even out over time. It may even be the case that a temporary price decline occurs immediately after your deposit. Don’t let this upset you. If you said before investing that you would invest this money for 10 years, you should stick to this investment horizon even in stressful situations, i.e. even if the value of your investments falls below the purchase price in the meantime.
You can find out more about the risks and opportunities of investing here.
Tip 5: Start now, start early
Financial issues are often perceived as tedious and therefore often put off until tomorrow. But an important aspect for your financial success is to start early. Those who start investing earlier benefit longer and more from the compound interest effect. Don’t wait, start now.
You can use our compound interest calculator to find out for yourself what effect regular saving has on the development of your savings.
