Digital Banking & Business Funds Management 2019

by Chris Albert Foody (Digital Marketing Expert)

Business plans vs the latest investment banking:

Business is not as easy as most of the people do have a perception so be careful if you are fresh and newcomers in this area. The most important thing in a business is your idea and second major thing is to make a solid investment plan, you have to know why you are investing in that particular market. Once you know the objective and done with your sketch, figuring out which choices are most likely to get you there becomes easier and also it would be possible to make some further moves for long term plans. The 5 important points below will help you build a sound investment plan based on your goals.

SME Banking in Various Trends to Watch:

In my suggestion, the role of choosing a plan depends on nature and market and service provider as well. If I could make this in easy words this would be a triangle in which service provider would be a bank, the plan would be SME plan or a multinational project and nature of market belong to a trading sector like a stock exchange, forex trading or any other market. Among all for best small-sized business or investment project, we recommend you to figure out your SME banking on a priority basis. Investments must be chosen with the main goal in mind: safety, income or growth and bank option. The first thing you need to decide is which of those three characteristics is most important. For your ease, we will tell you that service provider element is the most important factor.

Retirement plans through SME mobile banking:

If you are older them your link with your respective bank for sure would be a long run experience and before you create an investment plan, you really should make a specific type of financial plan by taking the services of financial experts being provided by your respective institution. This is what we call a retirement income plan and it is best suited by banks for their permanent customers. This type of plan projects your future sources of income and expenses, then projects your financial account values including any deposits and withdrawals.

Digital Banking & Mutual Funds Management:

Such kind of latest options is now available through digital banking options that helps you identify the point in time where you will need to use your money. Once you have a clear time-frame you know whether to use short, mid, or long-term investments. Many investment choices have minimum investment amounts such as forex trading markets so before you can lay out a solid investment plan, you have to determine how much you can invest by saving some amount as a backup option.

Some index mutual funds or savings allow you to open an account with as little as AED 3,000 and then set up an automatic investment plan starting by your respective bank with as little as AED 50 a month which would transfer funds from your checking account to your investment account. This complete work can be done through SME mobile banking by using a smartphone.