Where to invest your June festival money? Check out the options
See how to start investing your June festival money and maximize your earnings
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The June festival is a very traditional celebration in our country. For this reason, at this time, many people take advantage of it to earn extra income and supplement their budget.
If you don't yet have a specific goal for this money (paying off debts, buying a product or taking a trip) the extra income can be used to save and invest.
With that in mind, let’s talk more about ways to start investing. This way, in addition to saving, you can make your money start to yield results.
Read on to find out more.
How to make money with June festivals in 2022: extra income tips
June is one of the most festive months in the Brazilian calendar.
However, in the last two years, due to the pandemic, the June festivals did not take place.
But in 2022, big events are coming back with a vengeance. One of the most traditional ones is the famous June festivals.
However, you can also take advantage of the June festivals to earn extra income.
Here are some options for making money from the parties that take place in June and July:
• Sell typical foods
• Assemble June party kits
• Make typical clothes
• Accommodation for tourists (if you are in a city that usually receives tourists at this time)
• Have a St. John's party
How to start investing money from the June festival?
There are several ways to earn extra income during this period.
And if you've already decided that you want to save that money, you can also start investing it.
This way, in addition to saving money, you make your money start to yield, which is essential to avoid losing purchasing power (especially in a scenario of high inflation).
With that in mind, we’ll give you some tips for those who want to invest but don’t know how to start:
1. Know your investor profile
One of the first steps to starting to invest is to understand your investor profile.
The investor profile, Basically, it is a type of analysis that identifies your preferences, expectations and risk tolerance in the investment world.
There are three main profiles:
• Conservative: This type of investor prioritizes security when investing. In other words, they prefer low-risk investments, even if they have to give up a certain amount of profitability.
• Moderate: The moderate investor is willing to take certain risks, but does not give up a certain level of security.
• Bold or aggressive: The bold or aggressive investor is willing to take more risks to obtain greater profitability. Typically, bold investors already have good knowledge of the financial market, in addition to larger assets.
2. Do some financial planning
Making a financial plan is essential to organize your finances and start investing.
In your planning, you need to write down your main expenses, earnings and how much you have available to invest.
Additionally, it is important to create a strategy to save money and set goals.
Remember that money for financial investments must be separate from your monthly expenses.
In other words, if your budget is tighter at the moment, you need to first regain financial control and start saving so you can invest.
3. Study different assets
This is where many beginning investors start to make mistakes.
In the rush to start investing, many people end up making investments at the first opportunity that comes along.
This is a big mistake. After all, you need to analyze the financial market before making investments.
Beware of promises of miraculous gains and easy money. That's not how the market works.
Therefore, it is important to study the investment possibilities, as there are several applications available and each of them has specific characteristics.
Basically, there are two categories of investments in the market: fixed income and variable income.
Fixed income offers greater security and predictability. For this reason, it is highly sought after by conservative and beginner investors.
Variable income, on the other hand, can offer greater profitability, especially in the long term. However, the risks are greater and it is not possible to know what the return will be.
4. Choose a brokerage firm
After completing the initial steps, you must choose a broker and which assets to invest in.
Brokers provide their clients with an investor profile test. Therefore, they recommend financial products based on your profile.
However, if you have any questions, it is essential to contact the broker's customer support team.
Investment options for beginners
If you want to invest your June festival money, as you can see, it is essential to understand your investor profile and create a plan.
Therefore, there is no best investment, as everything depends on your profile, objectives, economic situation of the market, among others.
Now, take a look at some financial products that do not require a very high minimum investment amount:
Treasury Direct
The Direct Treasury is a National Treasury Program developed in partnership with B3.
The program was created with the aim of democratizing access to public securities.
Currently, it is possible to become a Tesouro Direto investor with just over R$ 30.
The main Treasury Direct bonds are: fixed-rate, post-fixed and Treasury IPCA.
CDB (Bank Deposit Certificate)
The CDB is issued by private institutions.
In other words, when investing in a CDB, you are “lending” your money to the bank, in exchange for remuneration.
The CDB is guaranteed by the FGC, which brings more security to investors.
Private pension
Private Pension is a retirement that is not linked to the National Social Security Institute (INSS).
The sooner you start building up a financial reserve, the greater your chances of having a reasonable income when you retire.
There are private pensions very accessible, that is, with very low minimum investment values.
Conclusion
Now you know how to invest your June festival money.
The habit of investing is important to save your money and earn income. This is essential to maintain your purchasing power in the medium and long term and achieve your financial goals.
