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Have you only recently started looking into the topic of saving and investing? Or are you already an expert saver? Here you will find smart savings tips from the UBS experts, tailored to your savings situation.
Do you find it hard to save? These tips will help you reach your savings goals.
Can you put a certain amount aside each month? Find out how to do this even more successfully by adopting a system.
Do you have free resources that you want to invest successfully? Our tips will show you how to achieve investment success.
Do you want to save successfully? A systematic method and some simple behavioral tricks are the key to success. Start by defining a budget. As soon as you have an overview of your expenses, you can easily work out how much money there is left over to save. Don't become set on a specific sum right from the start. A dream vacation, the new smartphone you're longing to buy or a house in the country can represent good incentives. At the end of the day, it's how regularly you can save that matters. Set up a monthly standing order for your savings account or pillar 3a retirement savings account, and your money will save itself.
"You can increase your chances of success by actively making changes to your behavior. Because saving on a limited budget is so difficult, it doesn't make sense to remain fixed on a specific amount. Instead, you should simply try and set money aside on a regular basis. This gives you a constant sense of achievement and leads to positive results in the long term, even with small amounts."
"Your Personal Financial Assistant in UBS e-banking analyzes your expenses and illustrates them clearly. This enables you to draw up a budget. Thanks to the Mobile Banking app for your smartphone, you always know exactly how much money you're spending, and what you're spending it on. This is the key to recognizing your savings potential and deciding how much you can save and put towards your retirement each month."
Can you put a certain amount aside each month? But you shouldn't simply rest on your liquidity cushion. Due to the current interest situation, new strategies are needed in order to save in a sustainable manner. With long-term savings and investment solutions such as an investment fund account or UBS Vitainvest Investment Funds, you will increase your chances of getting more out of your savings.
Emotions are strong drivers of behavior. Give your savings an emotional framework to separate them mentally from your everyday life: a destination you've always wanted to visit, your dream apartment or Christmas gifts. Firstly, any money placed in this specifically dedicated account won't seem wasted, and secondly, it will feel psychologically much more «expensive» to remove it from the account and use it for another purpose.
Try this little trick to motivate yourself. Simply change the name of your savings solution. Seeing «My world trip», «Better living» or «Playa del Carmen 2030» every time you log into UBS e-banking or the UBS Mobile Banking app will remind you of your big dream, and give your motivation a boost.
Do you want to accumulate assets in the long term? Become a successful investor thanks to our ideal approach, based on a comprehensive analysis of the investment markets and sound assessments which we make available to our clients.
We work alongside you to determine your investment strategy. In doing so, we put the main focus on your needs – or more specifically, your expected returns and risk appetite. Disciplined implementation will ultimately lead to long-term success. This means: choosing highly diversified investments, monitoring your portfolio and adjusting it if necessary, and not letting yourself be guided by your emotions.
Find out more about successful investment in our publication, «The ABCs of investing».
Patience is the decisive factor when it comes to investment success – there are studies to prove it. But even if we (intend to) follow goals we have set ourselves as part of a long-term strategy, we can be diverted from our plan by events that occur in the present.
Odysseus had himself tied to the mast of his ship so that he would not be tempted by the bewitching song of the sirens. The same principle still applies today: Nobel prize-winner Richard Thaler developed what is referred to as the «planner-doer model». To be successful, it takes far-sighted planning as well as «doer» qualities.
Studies prove that 80% of investment success is linked to an investment strategy that is implemented systematically and followed with discipline. A promising strategy depends first and foremost on your targets, needs, investment horizon and risk tolerance capacities. The ideal investment combination can be derived from these different elements.
Build on a sound strategy and stick to it in a disciplined manner even when faced with price fluctuations and personal doubts – this will allow you to reach your investment goals.