How do I start investing in mutual funds?
How to start investing? The easiest way to start investing is to invest monthly in mutual funds. You can start with 10 euros a month but a larger amount enables you to increase your savings more quickly. You can flexibly change the monthly amount depending on your situation, say, on a monthly basis. If you are unable to save every month, you can also make a one-off investment in the fund.
You can also invest in mutual funds via saving through insurance. This option enables you to choose several investments products, such as mutual funds, investment baskets, under one insurance contract. You can change investment products free of charge within the insurance policy and without any tax consequences. You can get started with, say, one hundred euros a month. You can invest either on a monthly basis or make one-off investments every now and then.
There are over 60 various funds available among which equity funds, index funds and responsible investment funds can be found. Mutual funds invest their assets in fixed income and stock markets. Compare the funds using the compound interest calculator that helps you to assess the expected returns and investment horizons of different funds. Whether you are an experienced or fledgling investor, grasp the basics of investment and seek returns from our diverse range of mutual funds.
How do I start investing in stocks?
History shows that investing in stocks generates the highest returns in the long term. Return consists of a rise in the value of the shares and the dividends you receive. Investing in stocks is suitable for investors seeking large returns, and who can tolerate market fluctuations. To get started, you need an equity savings account or a book-entry account, securities custody, an eService Agreement and a bank account. Thanks to inexpensive brokerage fees, €100 will get you started.
Our owner-customers always invest at a low cost
As an OP cooperative bank owner-customer, you can buy and sell almost all mutual funds for no charge. Funds also earn you OP bonuses at a rate of 0.35 %.
Opening a book-entry account and equity savings account is free of charge, and trading in shares or other exchange traded products is always inexpensive. Your maximum trading fee for Finnish equities via the book-entry account is 1%.
Benefit from the compound interest effect by investing on a long-term basis
As a saver and investor, you should maintain your investments for as long as you can – for multiple decades, for example. This allows you to enjoy the full benefits of the compound interest effect and avoid needless costs and taxes. Long-term investing works best if you use your investment returns over the years to buy more shares or funds. Selling your investments at the wrong time may reduce their returns.