With the arrival of November 15, Peruvian formal workers will have the opportunity to once again access the retirement of their Compensation for Time of Service (CTS)a tool designed to cover economic needs in the event of a job termination. However, in times of job stability, many Peruvians see this fund as an opportunity to make investments that allow them to secure their financial future.
The flexibility of CTS withdrawal, implemented as a result of the COVID-19 pandemic, currently allows workers to withdraw the surplus of four salaries accumulated in their CTS account. This measure has encouraged many to look for ways to multiply their savings.
If you intend to withdraw your CTS this November 15 and do not face urgent financial needs, we present some investment options recommended by experts.
Investments in real estate: a safe bet
In interview with Peru21Jorge Luis Ojeda, professor at the EPE Business School of the Peruvian University of Applied Sciences (UPC), highlighted that one of the most traditional and safe options is investing in real estate. “A home is a long-term investment. It does not lose value, on the contrary, it gains value over time.”said Ojeda.
The purchase of land, apartments or commercial premises is an attractive alternative, especially in areas of urban growth or high demand, where revaluation is usually constant.
Although investment in real estate offers stability, Ojeda stressed that all investments carry risks, and it is important to consider the economic context and the behavior of the real estate market.
Entrepreneurship
Another way that can generate quick results is to allocate the CTS fund to the creation of a business. Ojeda pointed out that this option requires a deep analysis of the market and detailed knowledge of the sector in which one wants to enter. A current example with great potential is the E-commerce and marketplaceswhere you can sell products such as sustainable fashion, specialized technology or organic products, which are in high demand in the digital market.
Fixed term deposits
Another option that offers security and stability is the fixed-term deposit. Although the profitability they offer is not as high as other investment alternatives, it is a conservative and safe option. Fixed-term deposits consist of depositing an amount of money in a financial institution for a certain period, in exchange for a previously agreed interest.
Education and personal development
Not all investments have to be focused on financial assets or material goods. One of the best investments you can make with your CTS is in yourself. This may include specialization courses, master’s degrees, diplomas or any other type of training that allows you to improve your skills and advance your professional career.
The CTS deposit, this November 15, can be an opportunity to rethink your finances and explore new forms of investment. Before making a decision, it is advisable to analyze your current financial situation, define your financial objectives and, if necessary, seek professional advice.
Take advantage of the NEW EXPERIENCE, receive our enriched digital newspaper by mail or WhatsApp. Peru21 ePaperLearn about our plans!
