Many people know how to build wealth simply by accumulating savings. Research shows that Hong Kong people have the strongest tendency to save within the region. 67% of Hong Kong interviewees would increase their rate of savings in the next six months. It takes careful and considered planning to build wealth and overcome the effects of inflation.
That is the power of compound interest, assuming the same target and return, the earlier you start your saving plan, the less the contribution per month and the more the total capital gain.
Note: The above diagram is for illustration only and is not an indication of the actual performance of any insurance plans or investment products.
Dollar-cost averaging is a common technique used in long-term investments, aiming to lower the average cost of each fund unit. By investing a fixed amount regularly, you will buy more units when the fund price drops and less when it rises.
Asset allocation is a practice to diversify risk among different assets within your investment portfolio. It aims to create a more balanced portfolio that adapts to all market conditions.
Want to understand your investment needs and risk appetite? Simply log on to HSBC Personal Internet Banking and it will take you just a few minutes to complete the Risk Profiling Questionnaire
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Note: Investment involves risks. Past performance is no guide to future performance. Investors must refer to the respective fund's offering documents for further details of the fund and the risks involved.
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