Gratification: 5 steps to consider before investing your extra money

According to him National Institute of Statistics and Informatics (INEI)the inflation Annual income in Peru rose to 8.78% in May and with the constant rise in food and fuel prices, people are questioning whether they should save or invest the extra money from the gratification of July, which the companies deliver to the collaborators on the payroll until the 15th of this month.

If prices continue to rise, it is likely that people will choose to buy less and look for savings alternatives to face possible eventualities and it is the most recommended if you do not have savings, but it must also be taken into account that, “Investments can fight inflation. How? Finding an investment instrument that yields more than inflation itself and, above all, diversifying the portfolio”according to Valdemaro Mendoza, CEO of tyba,

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If you have savings, the bonus can become extra money to invest

According to a recent study by Rextie, 15% of Peruvians will spend their bonus money in mutual funds, cryptocurrencies or factoring. For this group of people, tyba shares 5 steps that you should take into account before investing:

1. Determine investment objectives: First, you should ask yourself how much profit you want to generate and in how much time to build your investment portfolio based on that. To do this, we recommend you review the historical returns of the assets, but with caution because these are not fixed over time nor do they ensure the same future profitability.
2. Identify the risk: Both of your own profile as an investor as well as of each asset in which you decide to invest your money. It is important to bear in mind that risk is inherent in financial investments, but its level varies depending on the type of asset, for example, variable income assets (such as shares) have more risk than fixed income assets (such as the bonds).
3. Make a balanced distribution of assets: Depending on your risk profile as an investor, that is, if your risk tolerance is higher or lower. The best thing will always be to find a balance to mix different types of assets, both variable income and fixed income. If you choose a high risk product, with greater volatility, combine it with a low risk product, you can also choose alternatives that allow you to have different types of assets in the same “package”, such as mixed income mutual funds.
4. To diversify: When investing, it is important to diversify your investments by choosing different types of assets (fixed income and variable income), sectors (mass consumption, technology, etc.), countries or regions (USA, Europe, Peru, Latam, etc.). ), as well as themes (innovation, sustainability, etc.). From the tyba app, users can access this wide variety of options.
5. Research: Remember that it is very important to do a preliminary investigation to be able to make good financial decisions and keep up to date with the events of the national and international situation. For example, tyba has a section called educatyba where you can find simple financial education content, market analysis and investment tips so you can make conscious and informed decisions about your personal finances.

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