6 financial products that everyone should have in their portfolio
Find out which financial products you should have!
Announcements
When you hear about financial products, you certainly start thinking about investments, right?
In fact, anyone who wants to accelerate financial growth, have more freedom in the future and ensure retirement security should start investing as soon as possible.
However, in addition to investments, there are other financial products that everyone should have!
If you want to know what they are, continue reading.
1. Credit card
A credit card, when used correctly, makes your life easier.
When giving financial advice, many people say that the best thing to do is to cancel your credit card.
However, this is not quite the case. After all, this tool offers several advantages to customers!
The first of these, without a doubt, is practicality. Credit cards are accepted basically everywhere and can even be used for international purchases.
Also, some of them give you cashback and offer mileage programs (ideal for those who like to travel but want to save money).
Therefore, if you want to improve your financial organization, it is worth having a credit card. As long as, of course, you control your expenses and have financial organization.
2. Savings account
When it comes to income, savings are far from a good option.
There are other safe fixed-income investments that offer a much higher return than savings accounts. Therefore, do not use them to save money for your retirement or for medium and long-term goals.
In any case, savings continue to be a safe option for you to put aside an amount that you intend to use very soon, or for making urgent withdrawals.
Other advantages of this financial product are exemption from Income Tax and administrative fees.
In fact, if you intend to save money to use in the short term, but want to avoid the low returns on traditional savings, it's time to get to know the digital banks.
At Nubank, for example, you can save your money, which will yield 100% of the CDI. The amount stored in your Nubank account can be withdrawn at any time.
Although the Nubank account is not exactly a savings account, but rather a payment account, it offers several benefits that traditional savings offers, such as daily liquidity.
3. Current account
Contrary to what many people think, a checking account has several uses besides receiving money, making transfers and paying bills.
With a checking account, you have access to credit cards, loans, financing and much more.
Even though banks charge fees to store the money you leave in your checking account, being a checking account holder makes a big difference when it comes to applying for a loan.
And if you are thinking about opening an account, first of all, analyze the fees charged by the main banks. That way, you will be able to make the most advantageous choice for you.
4. Investment account
The investment account is a service that works in a very similar way to a current account.
The difference is that the investment account, as the name suggests, is recommended for those who are just starting to invest.
And as you already know, if you want to make your money grow, you can't just leave it sitting in your checking account or in a traditional savings account, right?
But after all, how does an investment account work?
Basically, the account holder will make transfers to the account, buy stocks and manage their investments. You can also monitor your income and make withdrawals whenever you need.
Virtually every bank offers an investment account to its customers.
In this type of account, your investments will be separate from your checking account.
This way, you can organize your finances, as your investments will be separate from the amount you have in your checking account and use to pay bills.
5. Government securities
If you want to start investing in financial products and diversify your portfolio, it's time to learn about government bonds.
As the name suggests, government bonds are debt securities issued by the Federal Government. This happens through the Direct Treasury, a National Treasury program that emerged in partnership with B3 almost 20 years ago.
The objective of the program, from the beginning, was to democratize access to public securities.
Currently, individuals can purchase bonds with just R$ 30.
As you can see, we are talking about an affordable investment – which offers good possibilities of financial return.
The types of bonds available on Tesouro Direto are:
- Fixed-rate Treasury: the profitability will be the interest rate defined at the time of purchase of the security.
- IPCA Treasury: It is a type of hybrid security. The profitability is composed of a variable part and a fixed part.
- Selic Treasury: post-fixed option whose profitability follows the Selic rate (the economy's basic interest rate).
6. CDB (Bank Deposit Certificate)
CDB is one of the best-known fixed income investments on the market.
Among the main reasons why this investment is so sought after, we can mention its attractive profitability and security.
Basically, the CDB is a title issued by banks and financial institutions to raise financial resources for their activities.
When you invest in a CDB, you are actually lending your money to the bank.
In exchange for this loan, the bank will return (on the stipulated date) your money plus the interest defined at the time of investment.
The minimum investment amount in a CDB depends on the financial institution, the rate of return offered and the maturity date of the security.
Conclusion
Now you know which financial products every person should have.
Credit cards, savings accounts and current accounts are designed to make your day-to-day life more practical.
The investment account, government bonds and CDBs are ideal for you to start investing and maximize your earnings, especially in the long term.
