Nowadays, there are more and more investment options to choose from to secure the future. Do you have any investments yet? Short-term investment is an attractive option for growing money because there are many advantages that you can enjoy.
What is Short-term Investment?
Before going into the various benefits of investing money in the short term, Jagomin explains a little about what short-term investment means.
As the name suggests, a short-term investment is an investment that you make in a short time, it can be done for 1 year or even just a few months.
Many people also make short-term investments to achieve short-term financial goals. Buying a new laptop whose price is around Rp6,000,000, for example, only takes 6 months if you save Rp1,000,000 every month.
During the time you collect money to buy a smartphone, rather than leaving the money idle, it would be more awesome if you could invest it for a short time to earn interest.
Top 4 Advantages of Short-Term Investments
1. Flexibility
Compared to long-term investments, short-term investments are more favorable because of their flexibility. Short-term investments usually offer an investment period of under one year, depending on the investment company.
2. Very useful in an emergency
This advantage is closely related to advantage #1. Because short-term investments are flexible, you can withdraw at any time, especially in an emergency.
When there is an emergency, many people think that the best solution is cash because it is handy. But cash can’t give you interest. That’s why it’s always better to invest short-term.
3. Tangible results
Short-term investments provide faster returns than long-term investments. Faster results mean tangible results. You can enjoy the results immediately after only a few weeks or months of investment.
4. Suitable for those who have never invested or just started investing
If you fall into the beginner investor category, then short-term investments can be the right investments for beginners. In addition to offering the various benefits mentioned above, the risk tends to be more measurable, so you can learn to manage your finances without anxiety.
Where Can You Make Safe and Profitable Short-Term Investments? Try Bank Jago's Locked Pocket
Then, how to start this short-term investment? If you want it to be a fun investment, you can start by locking money in a Locked Pocket, which can be found in the Jago application, a life-centric financial solution that can help you build your future.
What is Bank Jago's Locked Pocket?
Bank Jago's Locked Pocket is a feature in the Jago application created to help you manage your finances more disciplinedly and achieve your short-term investment or saving goals. The Locked Pocket feature lets you lock a certain amount of funds for a specific period. This means the money can't be withdrawn or used for transactions until the set date.
In essence, a Locked Pocket acts like a digital safe. It helps prevent impulsive spending and ensures your funds remain secure for a specific purpose, making it an attractive option for short-term investments. It's a practical solution to improve saving habits, especially if you're looking for a safe and effortless way to invest and grow your funds in a short amount of time.
Investing in a Locked Pocket can start at Rp100 thousand with a locking period as short as 14 days and competitive interest. What's even better is that since the interest is calculated daily, the capital you save can accumulate daily profitable investments, and the interest will be paid out instantly once the locking period ends. You can also feel how flexible the Locked Pocket is in terms of top-ups because you can add money at any time. The interest will automatically adjust.
Enjoy money that continues to grow over time, without having to wait long. And by the way, by intentionally locking your money, you also reduce unnecessary spending.
Also read: What's the Difference Between the Locked Pocket and Saving Pocket?
Invest in a Jago Term Deposit Starting from Just One Month
Apart from the Locked Pocket, you can also save or invest money in a Term Deposit. You can start from one month, so the Term Deposit is also suitable for those who want to save short-term. The options for saving money in a Term Deposit are one month, three months, six months, and 12 months. Choose according to your needs. For the Term Deposit, the interests offered vary, depending on the amount of money saved.
Read all the benefits of opening a Jago Deposit here.
Both the Locked Pocket and Term Deposit Can be Opened from the Jago Application
Have you decided whether to invest short-term in a Locked Pocket, a Term Deposit, or both? Whatever your choice, you can both open Deposits and Locked Pockets via the Jago application in just a matter of minutes. In other words, you don't need to take the time to stop by Bank Jago. Easy and practical, right?
Also read: What's the Difference Between the Locked Pocket and Term Deposit?
FAQ About Short-Term Investments
1. Why are short-term instruments often called the right investment for beginners?
For those who are just starting out, the biggest challenge is usually the fear of loss and market uncertainty. Short-term instruments provide guaranteed returns in a short period without the need to monitor fluctuating stock or mutual fund movements, making them the right investment for beginners to learn financial discipline safely.
2. How do you optimize fund growth to enjoy daily profitable investments?
The key lies in consistently leveraging competitive interest calculated from your savings balance. By regularly setting aside funds into the right instruments, your assets will keep working to generate accumulated returns over time. Once the savings or locking period ends, you can immediately enjoy the results of these daily profitable investments in the form of a real balance increase.
