When should I start investing? Have you ever asked that? Or have your friends asked you to start investing but you are not sure it's the right time? Apparently, these are signs that you are ready to invest.
3 Signs You Are Ready to Start Investing
1. You already have an emergency savings
Because the role of an emergency savings is important, before starting to invest, you need to make sure that you already have it. It's not just about having it. Your emergency savings should be filled with money.
What is the ideal amount of money in an emergency savings? According to certified financial planner Annisa Steviani, you should try to have an emergency fund of at least 3 times your salary.
2. There is always extra money at the end of the month
Is your emergency savings fully filled? Awesome. The next question, do you always have extra money at the end of each month? This is after you fulfill various obligations such as paying monthly bills. And of course after also setting aside money for various needs or expenses.
If there is extra money, this means you are ready to start investing. But what if the extra money is not a lot? It is okay. You don’t have to start big to invest.
3. Willing to commit to achieving financial goals
Why do you want to start investing? Without a clear answer, investing is like without purpose, direction and focus.
In order to have focused investment, you need to first set your financial goals. Start with 1 or 2 financial goals that can be achieved in a shorter period of time. For example, renovating a house or having a vacation abroad.
After these financial goals have been achieved with investment, then you can then set financial goals that take longer to achieve, such as saving for retirement.
Together With Bibit, We are Jago at Investing in Mutual Funds
There are many investment options out there. If you prefer a smart but hassle-free investment, you can take advantage of the digital ecosystem created by the Jago Bibit collaboration by choosing to invest in mutual funds with Bibit through Jago.
Mutual fund investment with Bibit is smart because Bibit has a smart Robo Advisor that has been scientifically proven. Bibit’s Robo Advisor will help map risks and maximize profit through diversification.
Mutual fund investment with Bibit through Jago is hassle-free because once you connect your Jago Pocket with your Bibit account, you don't have to switch applications when you want to invest and top up. Investing with Bibit through Jago is also free of top up fees. And, you can plan your investment every month by taking advantage of the Auto Top-up feature.
Monitoring your investment portfolio is mandatory when you invest in mutual funds. You can see the investment portfolio directly from the Jago application. There is also the Instant Redemption feature for instant mutual fund purchases and withdrawals.
Can't wait to start investing? Don't forget to use Jago to invest in mutual funds with Bibit. Also, take advantage of Jago’s features to manage finances, such as Pocket for budgeting and Spend Analysis to monitor expenses.
One more thing, if you are ready to start investing, it is best if it is done as early as possible, Jagoans. Because, the earlier you invest, the greater the return you can get.
Don’t have Jago yet? You can download the Jago application here.
