Investing: Five Tips to Get the Most Out of Your Money in 2023

The New Year brings with it new financial opportunities and, for many, the chance to invest their savings. However, with so many options available, choosing the best way to invest can be challenging.

To help investors make an informed decision, specialists from Vivir Seguros, one of the main insurance and investment companies in our country, offer the following tips to invest dollars in 2023:

Know your financial goals: Before investing, it’s important to be clear about your long- and short-term financial goals. Are you looking for a low risk investment to save for retirement or a riskier investment to make a quick profit?
Diversify your portfolio: Don’t put all your eggs in one basket. Diversify your portfolio by investing in different asset classes, such as stocks, bonds, and mutual funds.
investigate: Before investing in anything, do your research and understand the potential risks and rewards. Read research reports and consult a qualified financial advisor.
Keep a long-term focus: Long-term investments tend to perform better than short-term investments. Don’t get carried away with emotion and keep a long-term focus on your investments.
Don’t be discouraged by losses: Investing carries risk and you are likely to experience losses along the way. The most important thing is not to lose perspective and keep a long-term focus.

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In this context, Fernando Menéndez, Investment Manager at Vivir Seguros, assures that one of the most requested forms of savings and investment so far in 2023 is the “Fondos Max” program.

“Through Max Funds, clients can invest in dollars in the most developed markets in the world, from a minimum amount of $10,000. Performance is tied to public mutual funds from companies like JPMorgan, Blackrock and Vanguard. Likewise, Fondos Max offers free withdrawal of money at any time with low administrative costs, access to a diversified portfolio focused on developed markets and tax efficiency. It also has a life insurance component in the event of the death of the contractor”, he assured.

Before you invest, it’s important to be clear about your long-term and short-term financial goals.

Likewise, the portfolios are evaluated and managed by an experienced team in international investments and clients can choose between three investment portfolio options according to their level of risk:

prudent or conservative which is expected an annual return of 5%.
Moderatefor which the expected annual rate of return is 6%.
Sophisticatedwhere there is a greater risk, however a return of more than 7% per year is expected.

Regardless of the way Peruvians choose to save and invest their money, it is important to opt for entities and funds supervised and regulated by the Superintendence of Banking, Insurance and AFP (SBS), the body in charge of regulating and supervising the Financial Insurance System. and the Private Pension System in Peru”, concluded the executive.

Investing in 2023 is a great way to improve your financial situation in the long term. With the right information and advice, investors can make informed decisions and get the most for their money.