The reasons put forward by many people who save their funds in the form of savings because they want to find a sense of security. People are still afraid of the risks of investing. They do not want their money to be lost and diminished. Therefore, saving is a reliable option.
In fact, although the money saved in the form of savings increased (slightly), not necessarily able to meet the needs of the future. Is making savings an option to raise funds for buying property seriously? Yes, as long as the multi-billion dollar fund is worth. If not billions, how?
By looking at the above, it can be concluded that there are still many people who are wrong in making investments. The use of savings as an investment medium needs to be replaced by other types of investments. For that, it is important to know in advance the following two things.
How much cash do you have? Calculate the money saved in your savings, deposits, or 401k Fidelity.
Evaluate how much you need by using cash? Cash funds should be used for day-to-day and emergency funds. Long-term goal targets, such as pension funds, education funds for more than 5 years, do not use cash or savings because it will not work.
After running these ways, what needs to be done next is you need to immediately make an investment. Unused money for needs is considered for entry into investment. One example of investment that can be taken is mutual funds.