The free withdrawal of funds from the Compensation for Time of Service (CTS) opens a window of possibilities for workers in the public and private sectors to consider different financial strategies that allow them to generate a greater profitability of the money they will have with this new partial or total until December 31. The Global66 Peru remittance platform has some suggestions.
“It is crucial that recipients of these funds make informed financial decisions. While the temptation to use these resources for immediate needs is understandable, It is essential to take into account the long-term impact. Investing wisely now can make a difference in the quality of life during retirement or in times of future need,” said María José Artacho, Country Manager of Global66 Peru.
Faced with this, Artacho suggests evaluating savings and investment options that allow these resources to be capitalized effectively, maximizing their growth potential in the medium and long term. Thus having options such as investing in real estate funds, investing in mutual funds and saving in dollars or foreign currencies.
Investing in real estate funds allows you to earn passive income and diversify your portfolio through real estate without having to physically purchase and manage the properties.
On the other hand, investing in mutual funds is a popular option in the financial market where banks invest various savers’ money in a variety of assets, such as stocks and bonds, with different levels of risk. The higher the risk, the higher the return is expected, which can reach up to 6%.
Likewise, the option of saving in dollars or other foreign currencies should be considered as a measure to protect the value of the funds against local market volatility and inflation.
While, for those looking to take on greater risk in exchange for a potential higher return, investing in venture capital funds is a good alternative, since these allow investing in emerging companies with high growth probabilities.
Source: Larepublica
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