If you are terminating an employment contract, either by resignation or by mutual agreement, you are entitled to a balance deposited in the FGTS account (Guarantee Fund for Length of Service). Maybe, you should be making a lot of plans with the amount that you will paint recently in your account, right?
Perhaps, you have long been watching that set of taillights for your car and also that 15-piece stainless steel knife kit or that famous electric fryer that does not use oil to prepare food.
But take it easy, probably you worked hard to guarantee the long-awaited financial stability and it is not now that you will damage the entire income of your income due to consumer goods.
In the face of the last financial crisis that took the country’s economic scenario, many people committed the domestic budget and some even got into debt because of the loans and financing they had to make.
With the opportunity to count on accumulated money in hand, the best thing is to ensure that your name remains clean in the square.
If you still don’t have a job in mind, you can think about using a portion of that money to pay off your credit card statement. With the payment slips paid and no outstanding debt, it is time to plan what to do with the other part of this money.
Save vs. Invest
In addition to saving, we also need to invest. To multiply your income in a concrete and dynamic way, it is important to understand that there are two main types of investments.
Fixed income
Fixed income investments are characterized by the fact that the rate of return can be previously defined. as well as the way it is calculated. In other words, it offers predictable returns and you know in advance the approximate amount of your billing.
Variable income
The variable income, in turn, does not allow the investor to know the value that his investments can obtain, since they suffer variations all the time. For this same reason, this type of investment can also offer greater profitability for those who are not afraid to take risks in the financial market.
Some people believe that investment is something for rich people, but the truth is that everyone can and should invest. That’s right. It is not just the fortunate that can benefit from the returns that investments provide. On the contrary, we need to adopt the habit of investing the money we have been able to save.
In the beginning, you can paint a series of doubts and insecurities and even believe that applications are not for you. I have also thought of it that way, and I say with ease that if I had known the advantages and benefits that investing bring to the maintenance of my financial stability, I would have started investing much earlier.
The Brazilian investor sees the investments as a way to save the money he has saved, since this is a viable way to ensure a financial reserve for any unforeseen events.
Although this is a good motivation and justification, the main advantage and benefit of investing your money in investment products is the fact that this is the most guaranteed way to increase and withdraw your financial assets without prejudice.
It is worth remembering that keeping FGTS money in the account means that your money does not earn effectively, because the Guarantee Fund for Time of Service has one of the worst financial returns among all the investment product options available in the country – about 3% per year.
If you thought about investing the money in the well-known savings account, it’s also not a good idea. The savings account has become common in the past decades, however, today it pays only 5.5% per year. In view of this index, we have other, more profitable investments.
Next I want to tell you what are the main types of investments that can multiply your financial assets in the short and long term, but first, I need to talk to you about investor profiles. That’s because each person has a characteristic profile to deal with money. They are: conservative, moderate and bold.
To find out what your profile is, it is usually necessary to apply a test that questions your income, your assets, age, profession and level of education. However, those who have a moderate knowledge of financial education can easily identify which type of investment is most appropriate, especially for their own profile.
Now that you know a little about fixed and variable income and investor profiles, it’s time to check out 5 ways to better invest the money you have withdrawn as part of the FGTS benefit.
Short-term investments
Short-term investments start to pay off from the first day and have the advantage of the possibility of net redemption if the investor needs this money for one or another need.
CDB
The Bank Deposit Certificate (CDB) is nothing more than the investor’s money lent to banks – for them to provide their own loans. They are extremely safe because they are guaranteed by the FGC (Credit Guarantee Fund).
Letters of credit
Letters of credit consist of two variations: real estate (LCI) and agribusiness (LCA). In this case, your investments are converted into bank credits to finance these sectors in question.
SELIC Treasury
One of the most popular investment products, SELIC today has public securities available from R $ 102.12. Its profitability currently reaches 6.5% per year. It is offered by the government in order to pay your expenses.
Long-term investments
Long-term investments are perfect for anyone planning investments that certify the financial stability of their future. That’s because the longer you leave your money invested, the more it tends to pay off.
IPCA and IPCA + Treasury
A good option for those who want to schedule retirement, as it has bonds maturing in 2045, for example. To avoid the devaluation of your money, invest with the objective of taking the investment until the expiration date.
COE
The Structured Operations Certificate was launched a few years ago in Brazil, but it is already very popular in the USA and Europe. The bank converts its investments into investments in stocks, commodities or currencies. It mixes fixed income security with variable income.
I want to start investing
If you have already defined which type of investment has more to do with your purpose, it is time to seek out who mediates your investments. For this, two suggestions. The first is that you contact your bank manager. However, this type of mediation may involve some bank fees.
The second suggestion is to hire an investment broker. This type of broker already operates on the internet and is a national trend. Most applications are made through a bank deposit in the brokerage accounts that serves as funds for the purchase of products offered in their portfolios.
According to a survey conducted by ANBIMA (Brazilian Association of Financial and Capital Market Entities) in partnership with Datafolha, more than half of the Brazilian population interviewed does not know or simply does not use any of the investment products available in Brazil. In 2018, for example, only 42% of Brazilians had some balance in financial investments.
We imagine that you don’t want to be part of that statistic, do you? So, whatever the type and dynamics chosen to make the investment and ensure that the money withdrawn from the FGTS has a promising destination, it is important to understand how the scenario works to take advantage of the opportunities that financial intelligence promotes in its day to day.
For that to happen, you can adopt the same tactic that I adopted when I started saving and investing my money: a financial education course. Financial education courses provide all the support that the future and current investor needs.
If this conversation about money, investments and profitability aroused a desire to apply FGTS to investment products, I have a valuable tip. How about getting to know Roberto Navarro’s Financial Transformation course ? After all, it is through financial education that we guarantee the knowledge and confidence necessary to better manage our assets.