View Full Details >
Personal
Business
Wealth
24/7
BOV Club
BOV Group
Contact Us
BOV Internet Banking Login
BOV eTrader+
Language:
EN
MT
IT
I want
Products
My Toolkit
BOV Website Registration / Login
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
...
>
Maximise Banner
Minimise Banner
Set an Appointment
Set an Appointment...
next
Previous
Talk to us
BOV Contact details for COVID-19 measures...
BOV Home Loans
...
next
Previous
BOV Mobile Banking
BOV Mobile Banking...
BOV Internet Banking
Easy, fast and secure banking from the comfort of your home and office...
next
Previous
Allocating capital to in...
Allocating capital to innovations that shape the future...
31 BOV Employees donate ...
31 BOV Employees donate blood...
Contactless payments on ...
Bus passengers can now use their contactless cards, smartphones or smartwatches to pay for...
Tagħrif fuq Eco u Green ...
Tagħrif fuq Eco u Green Loans...
Investing smartly on a s...
Investing smartly on a small budget...
Upcoming BOV Webinars
Stay connected and up to date! Check out the schedule for upcoming BOV webinars and regist...
Changes in Tariff of Cha...
Changes in Tariff of Charges...
BOV MDB COVID-19 ASSIST
BOV MDB COVID-19 ASSIST...
Watch how easy it is to ...
Watch how easy it is to deposit a cheque in our ATMs...
Watch how to deposit a c...
Watch how to deposit a cheque through a BOV Cheque Deposit Box...
Watch how easy it is to ...
Watch how easy it is to withdraw cash from an ATM...
Trade, Transport and Tou...
Trade, Transport and Tourism...
Green Options - BOV Home...
Making your home more sustainable, besides being environmentally friendly, is a smart way ...
BOV Personal Energy Loan
The BOV Personal Energy Loan is a low-cost financing solution designed to assist you inves...
Bank Forms
Bank Forms...
to learn about my BOV Ca...
It pays to pay with your BOV Premium Credit Cards. Find out how....
BOV Home Loans
At Bank of Valletta we know that whether you are a first time buyer or acquiring your seco...
BOV Personal Financing
Do you need financing? Whether it is to buy a car, a home or finance your studies, we at B...
to know more about finan...
We’ll help you gain access to funds to support general business needs or growth objectives...
Branch Opening Hours
Branch Opening Hours...
BOV Stockbroking
BOV Stockbroking...
BOV Asset Management
BOV Asset Management...
BOV Fund Services
BOV Fund Services...
Get in touch with us
There are many ways to get in touch with us. Choose your preferred method. We shall be at ...
Interest Rates
This page features the interest earned on the Bank's deposit accounts...
Investor Relations
Within this section you will find an expanding array of useful and timely financial and ot...
BOV Cards
There are many reasons why you should use a card instead of cash.. security, peace of mind...
next
Previous
Home
>
Investing smartly on a small budget
BOV Pjazza
Mid-Year Outlook 2022
BOV Market Watch - Week ending 5th August 2022
Bank Deposit dilemma, the Illusion of Cash
Private Pension Plans discussed on Flusek
BOV Market Watch - Week ending 29th July 2022
What has caused the Maltese Government Stocks to tumble?
BOV Market Watch - Week ending 22nd July 2022
Everything you wanted to know about investing but were afraid to ask
BOV Market Watch - Week ending 15th July 2022
BOV Market Watch - Week ending 8th July 2022
Watch | Bank of Valletta CEO discusses Financial Results
Investing smartly on a small budget
24 Feb 2021
next
Previous
Every new year ushers with it new resolutions and personal targets. For some of us these might be related to start saving a portion of the income we receive during the year in order to invest for our future.
In today’s scenario, depositing savings in a bank account rarely bears enough fruit, so we need to look at other options such as investments that can make our money work harder for us. It is a misconception that you need large sums of money to embark on an investment journey.
Today’s financial products allow for smaller budgets – a solid portfolio can be built with as little as €50 per month.
Small steps towards larger wealth
One of the essential things to keep in mind is to apportion and spend your salary wisely. A percentage of your salary should go towards daily expenses, unexpected costs and short-term goals. Start by calculating these expenses and place a portion of your earnings to cover these expenses in a savings account. The remaining balance can be used for investment purposes.
Knowledge is power – start getting into the world of investments through knowledge acquisition. The internet offers a wealth of information. Acquired knowledge can better assist you in making better investment decisions. Most financial institutions offer advisory services through highly skilled Financial Advisors who are trained and equipped with the necessary tools and updated information. Through one-to-one meetings, they can assess your risk profile, investment objectives and advise you on the investment that is most suited to your financial requirements.
If you have a small budget to invest, monthly investment plans, such as Unit Linked or Capital Protected Funds, could be a the most apt option. One of the plus sides of investing regularly through monthly investment plans is the benefit of cost–averaging. This lowers the risk of volatility by averaging costs of the investment units that you purchase over time.
Unit Linked Monthly Investment Plans
are based on collective investment schemes where money from a number of investors such as yourself, is pooled into a fund and invested by a fund manager according to the criteria of the specific fund. The fund is divided into segments called 'units', similarlyto shares. With your monthly €50, you will be pooling in alongside other investors like yourself, and you would be able to invest in various companies, sectors, assets and different geographical regions, providing you with immediate access to the expertise of investment professionals and diversification. This is made possible through the pooling of funds of many investors put together. Unit Linked Plans are also flexible and liquid as funds can be redeemed subject to a fourteen day notice period.
Capital Protected Monthly Investment Plans are mainly aimed at the longer term investor. These plans can provide a number of investment guarantees, annual bonuses and have the added benefit of being tax efficient. The main aim of a Capital Protected Investment Plan is to provide steady, conservative returns whilst also offering valued assurances. It is a secure means of investment which offers a potential for growth whilst protecting your savings from short-term market volatility.
The crucial step with investments is getting started. The sooner you start, the quicker you can start building a lump sum for the future. The complexities of markets and the terms and conditions related to these plans can be overwhelming to a new investor. It is therefore recommended to seek the services of a Financial Advisor who will provide you with a full picture of costs, fees, risks and possible returns.
This was written by Renee' Marie Brincat and published on the Sunday Times of Malta on the 21st February 2021. Renee' Marie Brincat is a Portfolio Administrator at the BOV Gzira Investment Centre.
This article is not, and nothing in it should be construed as a recommendation in respect of investment products or services offered by the BOV Group. Any views, assumptions or opinions expressed in this article are those of the author. Value of investments may go down as well as up and may be affected by changes in currency exchange rates. Past performance is not a guide to future performance. Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, il-Belt Valletta VLT 1130. Bank of Valletta p.l.c. is a public limited company regulated by the MFSA, licensed to carry out the business of banking and investment services in terms of the Banking and Investment Services Acts (Cap.370, 371 of the Laws of Malta).
Share this item:
Print page
Sort reviews by:
Latest
Oldest
Add a review
This item has no reviews yet.
My Guide has identified the following related material
Mid-Year Outlook 2022
More details
>
BOV Market Watch - Week ending 5th August 2022
More details
>
Bank Deposit dilemma, the Illusion of Cash
More details
>
Private Pension Plans discussed on Flusek
More details
>
BOV Market Watch - Week ending 29th July 2022
More details
>
What has caused the Maltese Government Stocks to tumble?
More details
>
BOV Market Watch - Week ending 22nd July 2022
More details
>
Everything you wanted to know about investing but were a...
More details
>
BOV Market Watch - Week ending 15th July 2022
More details
>
BOV Market Watch - Week ending 8th July 2022
More details
>
Visa Promotion - Spend and Win
More details
>
Watch | Bank of Valletta CEO discusses Financial Results
More details
>
Malta’s updated economic outlook and what it means for b...
More details
>
Inflation and its impact on the local investor
More details
>
The Future of Banking in an age of digital disruption
More details
>
BOV Market Watch - Week ending 22nd April 2022
More details
>
Outsourcing risk, key considerations
More details
>
U.S. equities poised for volatility?
More details
>
The business implications of inflation in Malta
More details
>
Internet Banking Messages
More details
>
Markets in 2022: The next phase of the recovery
More details
>
next
Previous
Calendar of Events
<<
09 August 22
>>
Quicklinks
Find my IBAN...
Exchange Rates...
Daily Fund Prices...
BOV Interest Rates...
BOV Properties...
Join our Team...
New BOV Customer...
Guide to Easy & Secure e-Mail...
Tariff of Charges...
Branch Opening Hours...
Set an Appointment...
BOV Home Loan Calculator...
next
previous
BOV News Feed
BOV Withdraws High-Balance Fee
09 Aug 2022
read more
>
Your guide to Easy and Secure e-Mail System
08 Aug 2022
read more
>
San Giljan win the BOV Water Polo Women’s Knockout 2022
04 Aug 2022
read more
>
San Giljan win the BOV Water Polo Premier Knockout 2022
04 Aug 2022
read more
>
Marsaskala clinch BOV Water Polo 1st Division Knockout
04 Aug 2022
read more
>
Dr Julia Darmanin wins the BOV Prize in Medicine
02 Aug 2022
read more
>
Grounds being set for a bright future for BOV
28 Jul 2022
read more
>
Climate Change Challenges faced by Maritime Industry discussed in MMF ...
26 Jul 2022
read more
>
Sue Abela and Kenneth Arpa Crowned BOV National Bowling Champions
21 Jul 2022
read more
>
Choir rehearsals for Joseph Calleja concert in full swing
19 Jul 2022
read more
>
Fixtures for the MFA BOV Football Competitions 2022/2023 Drawn
18 Jul 2022
read more
>
next
Previous
BOV Pjazza
Mid-Year Outlook 2022
Mid-Year Outlook 2022...
read more
>
BOV Market Watch - Week ending 5th August 2022
BOV Market Watch - Week ending 5th August 2022...
read more
>
Bank Deposit dilemma, the Illusion of Cash
Bank Deposit dilemma, the Illusion of Cash...
read more
>
Private Pension Plans discussed on Flusek
Private Pension Plans discussed on Flusek...
read more
>
BOV Market Watch - Week ending 29th July 2022
BOV Market Watch - Week ending 29th July 2022...
read more
>
What has caused the Maltese Government Stocks to tumble?
What has caused the Maltese Government Stocks to tumble?...
read more
>
BOV Market Watch - Week ending 22nd July 2022
BOV Market Watch - Week ending 22nd July 2022...
read more
>
Everything you wanted to know about investing but were afraid to ask
Everything you wanted to know about investing but were afraid to ask...
read more
>
BOV Market Watch - Week ending 15th July 2022
BOV Market Watch - Week ending 15th July 2022...
read more
>
BOV Market Watch - Week ending 8th July 2022
BOV Market Watch - Week ending 8th July 2022...
read more
>
Watch | Bank of Valletta CEO discusses Financial Results
Watch | Bank of Valletta CEO discusses Financial Results...
read more
>
next
Previous