.svg)
Our guide to saving
Discover our guide that walks you through the basics of saving and investing and the key factors to consider when making decisions about your finances:
1. How do I start saving and investing?
Few of us start saving just because we want to save. It’s much more motivating when you have a clear goal – whether it’s fulfilling a wish or working towards a dream for the future. Getting started with the basics of saving and investing becomes easier when you first create a plan for what you want to achieve.
Read more about getting started with saving and investing
2. What’s your savings plan?
Getting started with the basics of saving and investing becomes easier when you first create a plan for what you want to achieve. A savings plan typically takes into account your objectives, your willingness to take risks, your tolerance for potential losses and your expected returns. Ultimately, the savings or investment product you should choose depends on your goals. One thing is always certain: whatever your savings goal – big or small – it always pays to have a plan!
Read more about creating a savings plan
3. What does diversification mean and how often should I review my savings?
As a new investor, it’s important to remember that spreading your savings and investments can help protect you from market fluctuations and keep risks under control. You won’t be able to avoid losses generated by any individual assets, but diversification can help limit their impact on your portfolio. If you manage your investments yourself, it’s also important to review them from time to time to ensure your portfolio still reflects your goals.
Read more about diversification
4. Stick to your savings plan – even in challenging times
When the stock market is volatile, it’s easy to think that you should sell all your investments and consider returning to the market only after things have settled down. But in terms of growing your wealth this is often a bad strategy, as the best returns are usually obtained in these difficult and volatile times. When the markets fluctuate, it’s important to stay committed to your investment plan and remain calm.
Read more about sticking to your savings plan
5. Inspiration for your savings and investments
Explore our wide range of content, designed to meet your needs. We hope it inspires you and helps you move forward on your journey – whether you’re just starting to save, learning the basics of investing or ready to take your next steps.
Explore more of our content (in Finnish)