There is a lot of money in Finland’s digital stocking that is worth investing. EPA / AOP
It’s been a few years and one corona epidemic since I visited Kauhava in Ostrobothnia to talk about placement at Women’s Day.
I talked about my own platform as an investor and how easy investing is today. The monthly savings directly from the salary only to roll into the fund will be successful if there is even ten euros of extra money per month.
When my presentation reached the question section, a hand rose from the audience.
The determined lady asked something like this:
– When do we start talking about money here? So really for the money, not just the little ones. However, we are now in Ostrobothnia.
I was amazed. That big money should be talked about? How about that now?
The lady from Ostrobothnia was on the matter with her questions. It’s really easy to start with tens. If things went completely unnoticed – the funds would not go, but it was played that would go – the loss would not be very great.
But what if there are thousands of euros instead of tens of money, maybe tens of thousands?
Investing such an amount can be a nightmare for a beginner. Making it requires blood, sweat and tears, and placing a hard-earned ton pot is not easy. The difficulty factor may even increase when, for example, one’s own parent’s savings are inherited.
Such situations will become more common in the future as declining age groups begin to inherit. The savings a mother earns with blood, sweat, and tears are not easy to deal with with confidence and stubbornness.
Since meeting the lady from Ostrobothnia, I have discussed this topic with numerous women. I have heard acknowledgments about the money lying in the account from very surprising parties. You could say so much that these people have everything fair, except that placement. The threshold to start with a larger amount is high and it is difficult to get help. Many just postpone and postpone investing money, suffering from a bad conscience that the money has been lying in a bank account for years without producing a penny. At the same time, every mouthpiece is full of the good news of investing.
The Investment Club of One Hundred Thousand Members in the Investment Club recently had a question about how to deal with a legacy of € 200,000 that was to be invested prudently so that the value of the capital never drops much. The questioner had received advice from the bank – but how could that advice be assessed if he had never invested before? Not at all. The questioner had been advised to divide the funds into two funds. Was the advice good or bad? Say it cold.
There are no patent responses to investing large sums in the same way as small ones, because there are more things to consider. You have to get a little acquainted with things yourself. However, two pieces of advice can be given universally:
- Distribute. Place in several different destinations. The funds are the easiest to do. In them, too, it is worth spreading the money over several funds.
- Also diversify over time, meaning don’t rush all your money into investments at once, because with bad luck, the market will crash just after you’ve invested.
At this point, it is certainly appropriate to say that people have much more real problems than extra money in an account. The real problem is the lack of money – hundreds of thousands of Finns live below the poverty line. This may be the reason for the silent problem mentioned in the title: there is no dare to complain about lazy money.
However, let us now take this wrong problem seriously. EUR 12 billion is in Finnish bank accounts. Last spring, Aktia Bank calculated that by investing that amount, Finns would have received dividend income of EUR 300 million.