BONSERNEWS.com – It’s never too late to start investing in 2023. If you haven’t made an investment yet, you can try various instruments such as stocks, gold, and even mutual funds.

Mutual funds are an investment model by collecting funds to be managed in various instruments such as bonds, stocks and other forms.

As for the many investment instruments, mutual funds are one of the right choices for novice investors who have just entered the investment world. This is because investors only need to choose the right investment manager to manage their investment funds.

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The following are some tips for those of you who want to choose mutual funds as an investment vehicle. What are they?

  1. Periodic and Routine (Cost Averaging)

Cost averaging is a long-term investment strategy that is carried out in stages or regularly. This one strategy is considered the most optimal for gaining profits in stock investments such as stock mutual funds which continue to face market movements that rise and fall significantly. This strategy is suitable for those of you who have little capital.

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  1. Adjust Risk Profile

The next strategy is that you can adjust to your risk profile. It should be noted that there are three types of investors, namely conservative or playing it safe, moderate (medium) and aggressive (dare to take high risks). You can determine which group to invest in mutual funds.

  1. Make it for Long Term Investment

If your goal is to make big profits in a short time, then you are not suitable for using mutual fund instruments. Ideally, mutual funds are suitable for long-term investment, at least for more than 10 years. The reason, because of the erratic fluctuations in stock prices.

  1. Check Investment Costs

Once you have decided to invest in mutual funds, you will need the help of an investment manager. If you choose an investment manager with a good portfolio, it will be worth the cost which tends to be expensive.

  1. Check Legality

Don’t forget to always check the legality of the company where you keep the money. Usually companies that are already legal will be registered on the Financial Services Authority (OJK) website. ()