Surely it has happened to you on more than one occasion. Let the banks themselves have made their own for you recommendations to invest in equities. With contradictory and uneven results in terms of the results they have generated for you. To what extent can these banking practices harm you? Because in more than one situation it will not have been the best operation you have been able to carry out in the financial markets.
Because in effect, the approach that you must analyze is that you are simply dealing with a bank, not with an investment company. With very notable differences in both business models. You cannot forget that they are completely different. From this scenario, and in principle, bank employees should not have highly qualified knowledge of the investment sector. His figure is traditionally based on trying to sell you the main products driven from your financial institution.
Nor can you forget that during these days an information note has been published by the Bank of Spain in the sense that the customer service of the Spanish bank is not the best adequate. Presenting many deficiencies that even reach the world of investment. Not surprisingly, they are in the obligation to disclose the risks you incur in the contracting of the main financial products. Where investment in the stock markets is also not excluded.
Banks: can you listen to them?
One of the questions that you should ask yourself from now on is whether you should be receptive to the advice that a bank provides you. Well, you have to differentiate between what employees are and what departments specialized in equities. Regarding the opinion of the former, it is better that you do not take it much into account. Because to tell the truth it may be the case that they have less notions of investing in the stock market than some of their clients. To the point that they can get you into the occasional moment at any time.
In these situations, if you have to manage your investment, limit yourself to administrative procedures but nothing more. Because they can give you wrong advice. And at the end of the day it is you who invests the money and even what you are going to lose if things do not develop as you expect. From point of view, you should be especially careful because you can see you immersed in an unexpected situation. For a very clear reason and that is none other than not addressing who you should do. It is a situation that thousands and thousands of savers have experienced in recent years. To the point that it may also be you.
In addition, they will certainly have very limited contributions to this kind of investment. Without knowing which are the most sensitive values to be hired at all times. In this sense, you can harm yourself more than benefit. To avoid these unpleasant situations, it is best to refrain from demanding any advice from them on what you have to do with your money in relation to the equity markets. Do not fall into this serious mistake if you do not want to pay dearly from now on.
Investment departments
Another very different thing are the stock or investment sections that most financial institutions have. They have a staff highly qualified that can help you channel investments from the beginning. In addition, it is a totally free service that will not cost you a single euro. The only requirement to access this benefit is to be a client of the financial institution. Only in certain cases, will they require other additional requirements. For example, having a securities account or having the payroll domiciled. For this way, you are in complete disposition to receive all its benefits.
The investment departments of banks are designed to offer you all the mechanisms to boost your operations in the financial markets. Not only to propose the best values and financial assets at all times. But also to give you the more useful tips more get better profitability about the savings you have for these operations. Not only from the field of equities, but also in fixed income or even in alternative models. It is, therefore, an instrument that can give you greater security to open or close positions in any of the financial markets.
Through online banking
Usually these sections can be detected through telematic techniques and especially through new technologies. If you are one of the more traditional clients who are limited to bank branches, it will be more complicated. Because in effect, these channels do not have the personnel required for the needs you demand. You will have to use the phone to achieve your goals. But above all via computer through online banking. Not surprisingly, it is the system that best collects this service.
Online banking offers you almost everything so that you can manage and channel your investments. Also without having to spend a single euro. In addition to being a customer, they will demand that you have a key and password to enter your website. When you get it, you will be able to carry out all the procedures in the investment sector. From buying and selling shares in the financial markets to making transfers with your investment funds. But these go even further, because they extend your benefits.
Because in effect, you can access the investment portfolios specially made by banks for their clients. They also propose the best stock values that you can hire, even with an added element such as the target price that they give to these financial assets. On the other hand, they also explain to you on the webs how you can operate in some more complicated financial products. Among them, derivatives, warrants or credit sales. You can even experience them through the simulators that financial institutions have so that you can acquire more knowledge to start operating.
Flat rates on the stock exchange
In any case, one of the advantages of some banks is that they have much more competitive rates to develop your movements in equities. Mainly through the so-called flat rates with which you can save a lot of money every year. Much more than you can imagine right now. Because they allow you to carry out as many operations as you want for the same price. It is a single tariff that varies from 18 to 30 euros every month. It is highly recommended if you are an investor closely linked to the financial markets.
Although these flat rates only affect national markets, in some bank offers they are extended to markets outside our borders. Although with a higher price compared to the previous stock market rate. They are valid for both formalize purchases as sales. Although its main contributions is that you can perform operations are no limit. Only the one that you impose yourself.
Follow the bag from your mobile
The development of new technologies also affects your actions. Because you can also manage your financial investments from this means of communication. You will only need to download the appropriate application and start trading on the stock market. Or if you prefer with other alternative financial products. In this case, it will not require any financial outlay. Being a client of the financial institution will be more than enough to have this new communication channel.
One of the advantages that this technological channel gives you is that from now on you will be able to invest your savings from anywhere and at any time. From your job or while spending your well-deserved vacation on the beach. Not surprisingly, the operations you carry out from your mobile will be almost in real time. With a few seconds of delay that will help you optimize all the operations that you formalize from this technological medium. With the added information you will have real data on the prices of the main equity indices.
Another of the most relevant contributions that you will have from your mobile is that you will have much more information than through other more conventional channels. You will not have any fees, nor commissions for the operations carried out. With real-time monitoring of the status of your investments. So that in this way, you can correct any mistakes that you have committed in any of your operations. Through an instrument like the mobile that you always carry with you. And you can use it to carry out any procedure or management in your approaches related to the always complicated world of money.
All these benefits are what you can develop from your usual bank. Without expenses or incorporation of other tools whose main purpose is to help you make profitable the capital you have available for these actions. Because in effect, you no longer need to go to the bank branch. As on the other hand your parents or grandparents did until a few years ago.
In which you will always have some advice or instrument to improve your investment portfolio. In any case, you will not have a better strategy than to combine it with other methods based, for example, on the technical analysis, chartism or even the economic performance of companies.