Tips for Safe Investment in the Midst of a Pandemic – Currently, more and more people are starting to invest and also start stocks to get more profits in the future, but there will be many things that must be taken into account, including using the best technology.
The trend of investing during the pandemic has shifted, where investors who are used to “playing it safe” with their deposits are now turning to bonds and other investment products with higher returns.
This also means that there is a higher level of risk faced by investors, so that continuous monitoring and high vigilance are needed for unpredictable economic cycles.
Here are some things that can be the main consideration in making investment decisions during the pandemic, both for investors and wealth managers.
1. Investment products that suit your needs
The first tip that needs to be carried out is to understand and choose an investment winwithruss product that suits your needs. This is because the conditions and needs of each individual must be different. For example, young family customers who invest in children’s education funds and customers who invest for retirement have different needs.
On the other hand, the impact of the pandemic on various elements of life and the economy is also different. Citi said this need must receive special attention from both customers and wealth managers of a banking institution.
“It is now easier to identify needs and what investment products are the most suitable, with digital technology to find as much information as possible regarding various investment products and their level of risk. Depending on the customer profile, wealth managers can also consider diversifying investments with an adjusted level of risk,” he explained.
2. Assistance in making investments
Citi said that assistance from wealth management service providers is important, especially for novice investors, to be selective in choosing investments and provide the latest information regarding investments that have been invested.
This is because banking institutions will usually be represented by a Relationship Manager and a team of investment consultants, who will monitor, report, and suggest investment adjustments to their customers.
However, it is necessary to ensure that the Relationship Manager must be competent in explaining various matters related to investment and protection to customers.
3. Quality of wealth management services
Citi said that in practice, especially during the pandemic, many banking institutions experienced limitations in meeting customers face-to-face. Therefore it is necessary to choose an institution that provides quality and convenience.