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Investment plan
Thinking about investing? Create your investment plan
As you know, investing is a step that needs to be taken thoughtfully and consciously. You need to be sufficiently informed to be able to make the right decisions and assess the risks involved. It is therefore essential to plan things beforehand and then stick to the plan.
What is an investment plan?
Essentially, an investment plan is where we make smart decisions about our wealth over a period of time on the path to achieving present and future financial objectives. More precisely, it means the comprehensive, organised, detailed and personalised financial planning that we carry out as investors.
With it, we will create a strategy and set financial targets, timelines and budgets; we will follow the steps needed to achieve them and control any variables that may push us off course.
Investment strategy
Financial planning and investment strategy: Is it the same?
Although they are closely related terms, strategy is actually a more concrete step, as it denotes the methodologies we will follow in our portfolio, i.e. each of the actions that make up our portfolio planning process.
Before starting your investment plan, we will need to...
Assess our personal situation
We need to assess financial status, risk profile, level of savings and ability to save. Remember that we need to have some disposable income if we want to invest.
Rely on our own knowledge or seek advice
A good investor knows about the mechanisms and workings of the market, and the full range of products on offer. So if we do not feel up to the task, it is best to seek the advice of a professional with a suitable level of experience and knowledge.
Be clear about our investor profile
What is our risk tolerance? Our profile will depend on our needs, our objectives and even the kind of person we are. It is very important to make sure that we only take on as much risk as we are genuinely able to tolerate, never more.
Diversify and know all the products
It is always important to diversify our investment. The market has a wide range of options for us to choose from. Each option has its own characteristics and works in its own way, and we will need to choose the one that best suits our strategy and investment plan.
Discover our products:
Profiled funds1
Pension plans2
Bankinter Broker
Investment funds are products that carry the risk of losing the capital invested.
What are the five stages of financial planning?
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Define our goals.
Your retirement, your first home? Or perhaps you just want to build up some savings? It is important to be clear on this, as our investment objectives will determine the other variables: terms, investment products, liquidity...
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Analyse our income and expenses.
What is my budget? What financial and non-financial assets can I use? How much money we have to start with is also a decisive factor. We will need to draw up a statement of income and expenses, and always remember this: saving is not keeping what is left over after subtracting expenses from income, but spending what is left over when we subtract savings from income.
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Draw up a plan.
It is time to map out our strategy, defining the time frame and how much risk we are willing to take.
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Executing our investment strategy.
Once we have defined our strategy, it is time to put it to work by picking the right investment vehicles.
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Track our investment.
It is just as important to keep track of our choices as it is to make the right ones, as markets never keep moving in a straight line. Deviating from targets is normal, but by keeping close and regular track of them we can calibrate them over time.
Benefits of drawing up an investment plan
- We will be able to make better decisions by being clear about our starting point, objectives and other key variables.
- We analyse each aspect and stage carefully so as to make as few mistakes as possible, although we must bear in mind that the market is a living thing and not everything is within our control.
- This will at least allow us to reduce the number of mistakes we make and we must always stick to a carefully thought out plan. We should never do things on a hunch, or follow the advice of friends.
- We can always rectify and make changes, as sticking to a good strategy and gauging the success of each step we take will allow us to adjust to any possible deviations.
Why a periodic investment plan?
Making regular contributions allows you to invest systematically and with less effort. You do it little by little, depending on your ability to save, so that you create a new habit. And as with all habits, in the end you'll end up doing it without even realising.
As we will be paying only small amounts (with contributions as low as €20), we will barely notice the money going out and we won't have to sacrifice other things.
And by having our investment orders go out of our account automatically, we won't have to remember to get it done each month.
FAQs with clear answers.
Our FAQs section answers the questions you have trouble understanding about financial products: pension plans, investment funds, etc.
Important Information
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Show/Hide legal text1 Investment funds: The key investor information document, prospectus and all other legal documents related to Bankinter's collective investment institutions are available at any of our branches, on the Bankinter website (www.bankinter.com) and on the Spanish National Securities Market Commission (CNMV) website (www.cnmv.es).
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Show/Hide legal text2 Pension Plans: The pension plan promoter is Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros. The pension fund manager is Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros. The pension fund depository is Bankinter, S.A. The prospectus and key investor information document are available at all Bankinter branches and on our website www.bankinter.com.