At the age of 40, the financial problem is no longer simply having a salary and surplus savings due to the responsibilities and challenges to face. When you both want to accumulate safely, expect to increase value and still need a layer of protection against life's dangers, the more important question is: How should the money be allocated to be appropriate and optimal for yourself?
The reason is simple, each person has different priorities, and the money is also allocated according to specific purposes. There are items that need to be preserved for a plan in the next few years; there are items in the portfolio that accept a certain level of volatility to expect increased value, and there are also unexpected "thorns" that can disrupt the accumulation plan.
This shows that saving is only the first step; the way to allocate and protect the money is also equally important.
There is no "standard" ratio for everyone
In personal financial management, there is no fixed formula of how much percentage of savings - how much percentage of investment is suitable for everyone.
A family preparing tuition for their child in the next 5 years will have different needs than those who have 10 years left to prepare for retirement age. People who prioritize stability will also have different choices than those who are willing to accept fluctuations to expect increased wealth.
Therefore, instead of finding a "standard" ratio for everyone, it is important to find a ratio that is appropriate for your goals, time and financial capacity.
An Binh Commercial Joint Stock Bank (ABBank) solves this when launching An Gia Accumulation Solution - a smart financial solution combining savings - investment in an extremely flexible mechanism. An Gia Accumulation allows customers to proactively choose the ratio of allocation between savings and investment according to their needs. With a participation period of 1-10 years, customers can start from a small amount of money and continue to accumulate steadily a few million VND per month, helping financial plans to be built step by step.
With this mechanism, the initiative is entirely in the hands of participants. Which ratio to choose, prioritize saving or investment, accumulate for what purpose, participate for how many years... customers only need to understand their own needs, the rest is to open the ABBank App, select An Gia Accumulation and accumulate items as desired.
One plan, three layers of value
The noteworthy point of An Gia Savings is not only in the combination of saving and investing, but also in the health protection layer accompanying the savings plan.
A sum of money can simultaneously play three roles: disciplinary accumulation, value-added investment, and supplementing protection against health risks.
With the savings component, customers have a stable foundation for long-term plans. With the investment component, customers proactively choose the appropriate allocation ratio to meet their needs, with fixed yields committed periodically every year.
Meanwhile, health insurance benefits help the plan have an additional layer of protection against unexpected events. Depending on the plan, customers can enjoy insurance benefits up to 150% of the accumulated principal balance, up to 30 billion VND, along with hospitalization allowance up to 3 million VND/day, up to 180 million VND/year and protection time up to 71 years old.
This is a factor worth considering at the age of 40 - a period when many people both worry about their children, elderly parents, and accumulate for the future. A good financial plan not only needs to consider how money can increase, but also needs to think about how that plan is protected.
Financial "method" can simply be choosing the right ratio for yourself.
In fact, whether you are 40 years old or at another age, there will not be a perfect formula for everyone. The positive thing is that customers can always find a formula that fits each goal and each stage of life.
That is also the spirit of An Gia Accumulation: Instead of giving a common formula for everyone, ABBank aims to "measure" financial plans according to the needs of each customer, from the allocation ratio, time to the amount of accumulated money.
Because after all, good financial management does not necessarily mean having a lot of money. More importantly, know what you want in the future and proactively allocate resources from today to realize that.
Financial "methods", in the end, are not an available formula. It is a formula that fits each person's life and is flexible enough to accompany changes on the journey ahead.
