Savings Investment
Primarily, we boast a dedicated team of seasoned professionals who are unwavering in their resolve to assist our customers. They toil day-in and day-out to research a myriad of investment opportunities available in the marketplace. Our aim is not only to help our customers navigate through the complexities of investment opportunities but also to assist them in managing their finances.
We are attuned to the fact that every individual has unique needs and aspirations when it comes to investments. Be it low-risk steady income assets or high-risk high-reward options, rest assured that our team possesses the capability and caliber to guide you to make the best decisions according to your appetite and financial goals
Moreover, at Simpanan Nasional Bank, we also offer a series of savings accounts. These are not your traditional savings accounts. They are specially designed to bolster external investments. These unique savings accounts further propel our customer's capacity to invest and garner fruitful yields.
Our commitment to customer service goes beyond simply offering innovative banking solutions. As an institution, we are dedicated to understanding your specific requirements, and offering financial solutions that are suitable and beneficial for your circumstances.
One important reason for saving is known as the ‘precautionary motive’ – perhaps more commonly known as ‘saving for a rainy day’. This involves building up savings to provide for unexpected events and bills. If you have no savings and an unexpected event with financial consequences occurs (such as a car being damaged or someone becoming too ill to work and losing their income), then there are only three alternatives:
- receiving a pay-out from any insurance taken out against such an unexpected event
- borrowing money (from family, friends or financial institutions) to pay the unexpected bills
- defaulting on any commitments, for example not making payments on a car loan or a mortgage, with the consequent risk of repossession and negative impact on future credit ratings.
Investment Strategy
In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics and strategies appropriate. Some choices involve a tradeoff between risk and return. Most investors fall somewhere in between, accepting some risk for the expectation of higher returns.