Investment funds, in their infinity of modalities, is one of the products with greater acceptance by small and medium investors. As a consequence of the flight of the monetary flows of the people who had saved their savings in bank deposits. And that after the decision of the European Central Bank (ECB) to lower the price of money and leave it with practically no value at 0, you have diverted your contributions to the funds.
To verify this fact, the latest data provided by the Association of Collective Investment Institutions (Inverco), show that the asset volume of pension funds reached a new all-time high During the last months. In this way, investment funds, together with pensions and insurance, already account for almost 60% of the portfolio of Spanish households. The large number of formats that can be subscribed helps to understand this movement among Spanish savings.
But if there is one feature that benefits the many thousands and thousands of Spaniards who have saved their savings in these financial products, it is the great facility they have to transfer them, with great advantages for them. Even benefiting from not paying taxes at the times you consider appropriate, and of course, legally and completely transparent as you can see in this information.
How to transfer investment funds?
This product intended for savings and investment can be transferred to other funds at any time and in any situation. But the most interesting thing for your interests is that the operation it won't cost you a single euro, nor will it be penalized with no kind of commissions or other expenses in its management. Of course, as long as you do them within the same financial institution. And even benefit from the many offers they present to subscribe or keep these products in your investment portfolio.
You can transfer your funds to others of any nature, from one of variable income to another of a mixed nature, or in the opposite direction, there are no restrictions to perform this kind of movements. They can be carried out as many times as the owner of the securities portfolio wishes. It will only be necessary to give the order to the bank where the securities account is contracted. And that it can even be executed online if you have contracted this modality in the bank. Comfortably from home, and at any time of the day.
It is an operation that is very convenient when, for any reason, you are not comfortable with a contracted investment fund. Well because it does not evolve as you would have liked, it is not the best model to focus investment at that precise moment, or its profitability is simply not the most satisfactory for your expectations as a small investor. It will be the right time to move the portfolio through the steps between mutual funds.
Formalize the operation
It does not matter if they are funds from different management companies, since the only requirement to present the operation is that they be from the same owner, regardless of their composition and the amount of the contributions made. It is an operation that is very convenient to carry out every so often, to update the best products for each occasion, and especially in the face of changing scenarios in the international economic situation. Keeping a fund in the portfolio, statically for a long time, is a serious mistake that can cost the holders of these financial products many euros.
Depending on the new situations that arise, the investment can be varied in a satisfactory way for your interests. Do not hesitate, to improve the performance of the savings invested in investment funds. Although it is not desirable that you are changing them on a regular basis. Not surprisingly, they are products that are not intended for the short term, but for longer term permanence. Normally between 3 and 6 years approximately.
Your tax advantages
There is a very beneficial strategy so that you can use it with some frequency. It consists of saving you the immediate payment of taxes. And that can be materialized through these operations, that is, through the transfers of investment funds. Instead of paying these fees through your sales, you can delay this payment by transferring it to another product of these characteristics. And you can even wait for the taxes to go down to finally formalize the sales.
It is a legal trick used by many investors to avoid facing these payments immediately. And those that lack other investment products (exchange-traded funds, warrants, derivatives, credit sales, etc.). Hence, it is a very beneficial operation that you can use at any time, without any restrictions. As if it were a savings bag, and in the style of the plans to save money that financial institutions have been developing.
Situations in which you must make transfers
There are always more opportune moments to execute these orders, and it is really convenient that you know them to optimize the operations according to your interests. And that can be selected in the following moments in which we are going to expose you the conformity of the transfers between the funds.
- You have made a mistake choosing the investment models, and you have realized it. You will be faced with the opportunity to rectify and opt for other investment formats more appropriate to the new situation.
- Its evolution in the financial markets is not the one initially proposed, and even instead of being with capital gains, you may even be losing part of the invested capital.
- Before a change in the environment of international economic activity, that needs a variation in the financial assets that are part of your investment proposal. Counting even on the advice of the bank itself.
- After spending several years in the same investment fund, it will be time to change it for another that responds to your expectations, and in this way start a new cycle in this class of financial products.
- As a strategy for diversify the investment through different savings formats: fixed income, variable, mixed, alternative, with protected currency, etc. It will be a very cost effective way to protect your savings more safely.
- Depending on the investor profile that you are presenting at any time, and that it does not have to be always the same. It may vary depending on many variables that condition your personal accounts.
- Before any sudden movement that is generated in the fixed or variable income markets. And that will be the trigger to turn the investment portfolio around at that precise moment, whatever its nature and composition.
Offers to carry out transfers
You can also benefit from the innumerable offers and promotions that financial institutions have been developing to capture the money of their clients, some of them really aggressive. One of the most advantageous for your interests as a client and investor comes from transfers to other entities. Not in vain, many banks reward new customers with cash for carrying funds from other entities.
It can be a very interesting operation if you are thinking of changing banks, or they are simply movements to your complete liking. You will have to do absolutely nothing, but it will be the entity itself who is in charge of promoting the administrative procedures to formalize this exchange between your investment funds. You will not have to pay any commission, not even other expenses in its management.
If you are decided to carry out this operation, you will have no choice but to analyze the bank offer, and opt for the models that bring the greatest advantages. Knowing that it will not alter the nature of your investment, and not even the contributions made. You will continue with the same investment, but in a different bank. That is the only difference you will notice when you formalize the transfer between the funds.
What goals do you achieve with transfers?
Through these simple banking movements, you will be able to obtain a series of advantages that you would not obtain through other channels of action. And that will depend a lot on the objectives you set for yourself when subscribing this kind of financial products. Although in general, these will be some of the contributions that you will quickly notice.
- You can adapt to any economic cycle, even to the most adverse situations in the economic scenario. And all this without the need to leave these formats that are investment funds.
- It will involve a radical turn to your approaches investors, from the profile you present and adapted to all kinds of circumstances. Without the need to lose money along the way since there will be no liquidations of operations.
- You will be in a position to remedy any deficiencies in your investment portfolio, and that can weigh down your assets during the coming months. You will be the one who directs the strategy to make the savings profitable.
- They are operations very easy to do, and that in a few minutes can be processed. Although you will have to wait a few days just to see how the shares of the new titles are already listed on the financial markets.
- You will have time to analyze the offer of the managers, and verify which are the most suitable investment funds for you, to improve your ability to grow savings. Even with the help of professionals in this field of investment.
- And finally, a very clear opportunity that you have to revitalize your savings in the face of new changes that the economy is experiencing, both domestically and internationally. Designing a savings model tailored to you, and depending on the needs you have.