The information society has made our lives richer and more convenient, but at the same time, there is so much information that it is difficult to find the information we need.
We are often asked, “Which is the best financial product?But what is the best financial product for each person is different.
Asset building is not just a matter of “making money grow.Since investment is for the long term, it is necessary to choose a product that can withstand the demands of the long term.
The criteria for selecting a product are that it should be “easy to use and sustainable for one’s goals.
Here, we will summarize the three criteria.
Three criteria for selecting investment products
1、Is the yield appropriate for your goals?
2、Will the funds be available at the right time to achieve the goal?
3、Is the content easy to sustain?
For the first criterion, “yield” should be around 5% as a rough guide.For example, if a 30-year-old person accumulates 500 USD per month at 5% interest per year, he/she will have about 600,000 USD in assets at the age of 65.
Regarding the second point, “Withdrawal of funds,” some financial products have a waiting period.For example, in the case of a savings-type insurance policy, the policy may mature at age 65, but you will receive benefits for 10 years from age 70.
It is important to check the contract details carefully in advance, because it would be a problem if you cannot withdraw funds when you want to use them.
Regarding the third point, “ease of continuity,” asset management is usually done on a 10-year basis.
If your life changes during the course of the investment and you have to cancel the contract in the middle of the investment period, you will lose a large amount of your assets.In order to avoid such a situation, it is necessary to select a product with a certain degree of foresight before starting to invest.
The most important question to ask yourself when choosing an investment vehicle is, “Does it meet my objectives?
If you are in doubt, please do not hesitate to contact us.When in doubt, we hope you will return to your own objectives and make a decision.