After starving to eat sweet and sour for many years until finally now collecting 1 million baht, many people may have a question in their mind once they have 1 million baht, what should be done in order for the money to grow? Most people say to invest to beat inflation because inflation will lower the value of our money. So depositing money in a savings account or fixed deposit can't beat the average 3% annual inflation rate. So, what should you invest in to beat inflation? This article has the answer.

Before starting to invest, you must always keep in mind that investments are always risky. Before investing, you need to study the information clearly before investing because if you invest without knowledge, the chances of losing 1 million baht can occur. Just in the blink of an eye, so don't be impatient. Invest with a large sum of money. You should divide your investment by only 10% of the 1 million baht or 100,000 baht per investment each time to reduce investment risks.

Invest in savings lottery tickets

For those who accept less risk, have 1 million baht, try to buy a savings lottery that receives interest and has the right to win prizes every month as well. The savings lotteries are similar to fixed deposits with a fixed duration, for example, the buyer must hold them for a maturity of 3 or 5 years and receive an interest rate that will be lower than general savings, but not taxable. Importantly, have the right to win prize money every draw. and if you buy to cover every last number also have the right to win prizes such as the last 2 numbers every draw, but if there is a piece of big luck may win a million Which buying savings lottery has the advantage that the principal is not lost, interest is not taxed, has the right to win prize money every draw

Invest through mutual funds

Because investing through mutual funds does not require much investment. and has a variety of investment policies that make it easier to diversify investments and some funds can also be used for a tax deduction. If you are interested in investing in mutual funds, you must study the information of each type of mutual fund you are interested in investing in. If you are a newbie and still can't invest in multiple funds at the same time, you should invest through mixed mutual funds. that has the policy to invest in different types of assets in a proportion that is close to the desired proportion, the information of the mutual fund can be studied from the fund's prospectus to invest. However, the investment should be disciplined and strictly follow the plan. Regularly check the performance of mutual funds. to adjust the approach to suit the goals that have been set until success

Invest through bonds

Corporate Bonds are debt instruments issued by private companies. The bonds of government and state enterprises are called bonds. of the company or agency that issued the debentures The debentures are divided into units. Each unit has the same value. Debentures are popular with investors because they offer stable returns and are higher than bank deposits. can be sold every working day Including holding periods as needed to choose from, such as bonds aged 3 years, maturity 5 years, maturity 10 years, etc. The debentures have a lower risk than investments in derivatives. Stocks and mutual funds, Therefore, it is another option for those who want consistent returns and take fewer risks.

Invest through stocks

Investing in stocks is not as high as before due to global economic volatility due to the COVID-19 pandemic. In addition to the competition in trade between the economic powers that affect various countries. But if compared to other types of investments, investing in stocks has a better return. However, investing in stocks, investors must study and understand the cycles of various stock groups including the overall situation of the economy both domestically and internationally and the industry in stocks interested in investing and growth trends in that industry. Since investing in stocks has the potential for high returns, there is also a high level of risk. This could easily cause the existing sum of money to be lost. And not everyone is successful in investing in stocks. Therefore, before investing in stocks, you must study the information carefully before making the decision or you can use the DCA (Dollar-cost average) method of buying selected stocks by buying the same amount of shares every month to reduce price volatility. It is another way to diversify the risk.

Invest through gold

Investing in gold can generate returns from rising gold prices although in the past the gold price may fluctuate. Because gold is a limited resource This gives gold the opportunity to rise in price in the long run, which can be used as a hedge against inflation. Because when the inflation rate rises, the price of gold also tends to move up, and many times the price of gold rose above the increase in inflation. This allows those who hold gold to maintain their purchasing power. Accumulating gold is a diversification of investments to reduce risk. This is because the returns on investments in gold often don't move in the same direction as investments in stocks, bonds, or other investment assets. Therefore, having gold as a part of your asset gives you more peace of mind. Currently, there is indirect investment through “Gold mutual funds” that use a low investment amount and a variety of investment styles to choose from.

It can be seen that there is 1 million baht that you can choose to invest in a variety of types according to your acceptable risk. Long-term investments are more diversified than short-term investments. Importantly, before putting the existing money to invest in order to make money grow Should study and understand the assets to be invested and should set clear investment goals in order to be the criteria for making an appropriate investment decision. Interested in investing, try the SCB EASY Invest service that has many investment funds to choose from. see details here t http://www.scbs.com/th/easyinvest

 

Sources :

https://scbcw-preprod.scb.co.th/th/personal-banking/stories/invest-in-gold-fund-or-gold.html

https://scbcw-preprod.scb.co.th/th/personal-banking/stories/grow-your-wealth/investment-portfolio.html

https://scbcw-preprod.scb.co.th/th/personal-banking/stories/grow-your-wealth/corporate-bond.html

https://www.finnomena.com/getwealthsoon/invest-1-million/

https://invest2morrow.com