It’s already December and we fared really badly in our New Year’s resolution of creating a nest egg and getting our finances in order. But with 2019 at the door we are determined to do better next year. And as they say, another day, another Dinar!
There are two types of people in this world. Risk-lovers and the risk averse, and which group you belong to will usually determine how you choose to grow your money. With so many options, many of them shady, it is way easier to lose money than make it. So, you have some money in your bank account and are smart enough to know that with inflation, leaving it there means that its value just decreases with time.
What do you do? Better yet, what investment strategies should you avoid? We spoke with the experts at Gulf Bank’s latest investment platform WISE and came back with these tidbits.
Remember, you are not the Wolf of Wall Street
If risk doesn’t scare you, then buying shares on the stock market will. You signed up to that website that promised you quick and large returns on your capital. Gave them your credit card or bank information without breaking a sweat. Then started trading as if you were the new Warren Buffet. But even Warren Buffet knows that’s not how it works and plays a long game. Not to mention the hidden fees and expenses that keep recurring. Suddenly you are broke and back to living from paycheck to paycheck, if you’re lucky.
Get WISE: Unless you’re a monetary genius (Think Billions’ Bobby Axelrod), let the experts at WISE do the nitty-gritty work for you instead. They create diversified portfolios that are more risk resistant and can weather stormy market conditions. No heart-attacks necessary.
You bought real estate in Dubai
So, you believe in the statement “safe as houses”, because everyone knows that investing in real estate is a safe bet. Turns out, that’s not always true. It is true that in general buying property keeps your initial capital from losing value, but we also saw what happened in the great crash of 2008. Apartments and houses need to be maintained and that is always a drain in your cash flow. They are also harder to liquidate if you ever need cash right away.
Get WISE: You might be buying into the perceived notion of a safety net, but it is not real. A portfolio with WISE gives you the benefit of both short-term profits in the form of dividends and long-term initial capital investment growth. The qualified portfolio managers at WISE will help you grow your investment and you can exit with no hidden fees attached. If you ever need to cash out, liquidation is quick and easy without any exit penalties and no minimum time.
You invested in your second cousin’s once removed cold brew coffee business
Sorry to burst your bubble but cold brew coffee is so last Tuesday. It is all about Japanese cheesecake now and by the time this feature goes to print a new habba will have come up. Not to mention that your distant relative has no idea how to run a business, make coffee or even balance the books. Starting a business is a serious endeavor; if there is no feasibility study don’t walk away, run. There is also the awkwardness about dealing with money with people you know. Transparency might become an issue and you will almost always find out later rather than sooner.
Get WISE: While we do admire the real entrepreneurs, who put in the time and effort to follow something they are really passionate about, that is not the same thing as investing your hard-earned cash in an unknown scheme. With WISE, you avoid the awkward ‘what happened to my money’ question because everything is fully transparent.
You think you’re going to be the next Cryptocurrency billionaire
The bubble was predicted to burst, and it did. And it keeps on fluctuating. You’re not playing fantasy football here, you’re literally gambling away your hardearned cash to a system that is too good to be true. You’re rallying your dinars to enter into a doomed investment battle. The Cryptocurrency market has been more than volatile all year long, and you might give yourself a heart attack before you see any actual profits. Besides, Cryptocurrency mining uses more energy than actual mining for resources- so you wouldn’t be doing the environment any good.
Get WISE: Unless all governments are ready to back Cryptocurrency, we suggest that you stick to the real world, and real financial markets. Please don’t be one of those people who take out monetary loans to invest in Crypto. Instead benefit from the help of an entire team of experts and a Nobel-prize winning investment strategy to secure your investments. Need we say more?
You get real, you get WISE
It seems like every option is a bad one but that is never true. A much better, safer and reliable option is Gulf Bank’s WISE. It will appeal to those of you who shy away from risk and those who relish it. Your investment portfolio is custom-built based on your personality profile. Your traits, likes, dislikes, fears, long and short-term goals will determine what would be invested on your behalf. And because everything is up-front and transparent, there will never be any second guessing your financial situation. You can even check on your current investment from any of your personal devices. WISE is completely client driven, so you get to decide what you want to do, while WISE will figure out how to make it happen for you. And if you ever need to cash out the process is painless and free. It only takes ten minutes to create your well-balanced and diversified investment portfolio that works for you. Make 2019 the year you become financial savvy and get WISE.
Source: bazaar Studios
For more information about WISE, please visit the website www.gulfbankwise.com.
