Marta Olmos (Madrid, 38 years old) started her investment journey when she was very young and still working as an intern. “I started by paying 20 euros a month and in a short time they were already bringing me benefits,” he says. Today, more than ten years later and about to have a baby, her investment strategy is completely different, she looks more long-term and is more conservative in her investments. Like Olmos, the rest of the participants Investing without mythsING’s project to talk openly about investments, reflect on how to adapt one’s investment portfolios to every stage of life.
The context
family issues
“The vital moment is very important when investing,” says Blanca Comín, director of Private Banking and Wealth at Amundi Iberia. “It’s what will determine whether you use that money to buy a house when you’re younger or, if you have young children, maybe what you’re looking for is to grow that money for their studies in the future,” he adds.
The investment paradigm changes when you have children, as Lourdes Fernández (Valdepeñas, Ciudad Real, 65 years old) believes. “You no longer make decisions that concern only you,” clarifies the participant in the ING project. Eva María Montero (Madrid, 50 years old) currently has two children and assures that today she would not run the risk of investing the entire sum received “from compensation, for example”. And he clarifies: «At 20 my objectives were different, I was looking for quick profitability and dividends».
And also age
As Francisco Quintana, director of investment strategy at ING, explains, age intensifies the risk of investment operations. “The cost of losing money is much greater as you grow up because there isn’t the same resilience, it’s not the same as losing half your savings at 70 compared to when you’re 30. And you have to take this into account when investing,” says the expert.
The participants of Investing without myths They reflect on how life stages determine the types of investments, how much risk one is willing to take, or how to use the long and short term. Feliciano Sánchez (Ciudad Real, 43 years old) reveals how his investment strategy has changed: “Since I have covered some needs, such as having a house or covering my children’s education, I have another way to move that money.”
In this sense, Montero adds his experience: “From the age of 40 I decided that I had to diversify more (in different financial products)”. Sánchez, for his part, knows that his investments will be different when he is close to retirement. “At each stage I can manage my money differently,” he concludes.
