{"id":1505,"date":"2022-02-11T16:23:52","date_gmt":"2022-02-11T16:23:52","guid":{"rendered":"https:\/\/www.yonoqatar.com\/?p=1505"},"modified":"2022-12-05T18:22:45","modified_gmt":"2022-12-05T18:22:45","slug":"choosing-a-regular-savings-plan-in-asia","status":"publish","type":"post","link":"https:\/\/www.yonoqatar.com\/choosing-a-regular-savings-plan-in-asia\/","title":{"rendered":"Choosing a regular savings plan in Asia"},"content":{"rendered":"
There is a wide range of different types of savings plans in Asia, and it can be challenging to choose which one is best for you. Savings accounts, pension schemes, trading <\/span>stock<\/span><\/a> and long-term investment plans have advantages and disadvantages. The first step when deciding on your savings plan must always be to identify your goal with your money.<\/span><\/p>\n If you aim to withdraw the proceeds from your savings at a point in the future to spend them, then a regular investment plan or short term deposit would probably serve you better than a pension scheme if it’s in an unstable economic climate that you’re investing for. Similarly, if you’re using the money as collateral for <\/span>trading<\/span><\/a>, then perhaps opening an account with a large Asian bank would be a better idea than putting it into a pension scheme, which could leave you in the lurch if your plan collapses.<\/span><\/p>\n Choosing a savings plan is about identifying what you need to use the money for and then finding an appropriate means of investing it. You may find that you can accomplish several goals at once by taking advantage of different types of savings plans, such as opening an account with a large Asian bank and supplementing this with regular investment plans or short term deposits. This way, you will have some cash available immediately, but your direct investments will grow over time without jeopardising future financial crises.<\/span><\/p>\n As always, remember to manage your finances prudently. It’s worth spending the extra time researching different options so you can protect yourself from the unexpected in the future.<\/span><\/p>\n Pension schemes are best for those planning to use their money much further into the future, as they allow for long term growth and provide a steady income at retirement age. Unfortunately, many countries’ pension schemes are not adequately funded due to economic pressure or mismanagement, leading to problems if you plan to use the money soon after retiring. However, if you are over 50, there are still plenty of options available to you if you seek advice from your local government department or investment advisor.<\/span><\/p>\nPension schemes<\/b><\/h2>\n
Investment plans<\/b><\/h2>\n