For BCA customers who want to start investing but lack expertise in economics or finance, BCA introduces Investment Goals in myBCA as a convenient feature within Welma.
With Investment Goals, investors receive guidance on allocating investment products to help achieve their financial goals. This guidance considers various factors such as investment objectives, target fund amount, and the time frame to reach the goal.
After that, investors can choose to buy products based on the provided guidance or their own investment strategies. This feature does not execute transactions automatically, ensuring that investors retain full control over their transactions.
Here is a complete explanation of Investment Goals:
Planning Goals
With Investment Goals, investors can plan their financial objectives such as Pension Funds, Education, Property, Holidays, Vehicles, Weddings, and more through various investment types.
Additionally, investors can define their target amount and the time frame needed to achieve their goals.
| Investment Methods | Asset Allocation | Portfolio | Top Up/Sell |
|
With Investment Guidance |
Investment Goals helps allocate Mutual Fund products across multiple asset classes based on the Strategic Asset Allocation (SAA) chosen by the investor for a specific goal. |
Graph: Displays the target composition per asset class along with the required nominal amount based on the SAA proportion for a goal. Rebalancing: Adjusts portfolio allocation as you age, change your risk profile, or respond to fluctuating market conditions to maintain the targeted proportion. |
Investors only need to specify the nominal amount they want to top up or sell, and Investment Goals will allocate the transaction across Mutual Fund products to maintain alignment with the targeted SAA. |
|
With Investor's Own Choice |
Investors can also set their own investment asset allocation to achieve their investment goals according to their risk profile. |
The graph only shows product allocation per asset class within a goal. |
Investors also have the flexibility to choose the nominal amount and specific investment products within their goals that they want to top up or sell. |
Note: The asset classes include Money Market Mutual Funds, Fixed Income Mutual Funds, and Stock Mutual Funds.
Monitoring Investment Goals
Here are the benefits investors gain from monitoring their goals with Investment Goals:
- A target graph that tracks progress, helping investors ensure their goals stay on track.
- A detailed view of product allocation by asset class for each goal.
Maintaining Investment Goals
With Maintain Goals, investors can adjust their goals by editing details such as the goal name, target amount, and target achievement date.
Additionally, investors can modify their periodic investments by changing Mutual Fund products, adjusting the investment amount or date, or stopping periodic purchases.
Advantages of Investment Goals
By using Investment Goals in myBCA, investors can enjoy the following benefits:
- Set investment targets based on specific financial goals such as Pension Funds, Education, Property, Holidays, Vehicles, Weddings, and more.
- Provides guidance on allocating Mutual Fund products across multiple asset classes according to the selected Strategic Asset Allocation (SAA) and investment strategy.
- Investors can monitor their portfolio's progress, rebalance allocations, and top up or sell Mutual Fund products to keep their investments aligned with their predetermined goals.
With Investment Goals, investors can align their investments more effectively with their goals and aspirations.
Take the first step in investing by downloading myBCA today!