Guides to managing and growing your wealth
Save your money for short-term financial goals
Set up a short-term savings plan according to your income and expenses. Identify necessary daily expenses, for example family and food expenses, transportation and insurance fee. You may also reserve certain budget for annual tax payment, entertainment and going on vacation
- Think about your future goals such as getting married, buying a dream car or a dream home. Establish long-term saving targets and figure out how long and how much you need to save for life fulfilment
- Establish a good saving habit by setting aside some money in a separate savings account. Direct debiting the amount from your payroll account to your savings account on payday to make your savings plan more simple and effective
- Monitor your cash flow and avoid over-spending by checking your credit card spending and e-Statements regularly via personal mobile and e-banking services
- Avoid impulse purchases by making a shopping list. Making use of credit card privileges to save on your groceries. This will help you save even more
Explore on wealth management plans to grow your wealth
- Understand your investment preferences and risk appetite, and complete the ‘Investor Protection Assessment’ before starting any wealth management plans
- You may take advantage of investment plans with lower minimum investment amount and flexible tenor for chances to maximise the potential return. Some investment products may also provide 100% principal protection when held to maturity. Choose either long-term or short-term investment plans to suit your needs
- Explore how to invest sustainably and lower potential risks by ESG investment
- Stay abreast of market updates and be aware of market movements
- Gain exposure to other markets with a wide variety of investment funds. Learn about different products to diversify your portfolio risk. Don’t put all your eggs in one basket.
- If you are considering long-term investment, you may consider joining a monthly investment plan for funds to diversify investment risks with an initial amount as low as HKD500
- Make a consultation with the bank’s wealth management expert to learn more about different investment choices and build your confidence on investment and financial planning
Plan your retirement and make your money last
- Develop your savings plan and reserve some emergency funds equivalent to 6 months of your living expenses as a financial shelter for you and your dependents during difficult times
- Enrol in a suitable medical insurance plan helps diversify risk and minimise your medical cost burden at critical moments. Qualified premiums on Voluntary Health Insurance Scheme for your family members may be eligible for tax deduction
- With various endowment and annuity plans to develop realistic retirement plans for prudent asset accumulation and life protection
- Regularly review wealth management plans and evaluate your retirement reserve by consolidating your assets on hand including MPF schemes, savings and investment returns, against liabilities. You may also consider reducing high-risk investment when approaching retirement age and make your money last for your dependents
Explore our products
eIncomePro Deferred Annuity Plan (100% Guaranteed)
- Enjoy Monthly Guaranteed Annuity Income for 10 years with life protection and free accidental death benefit for short premium payment period of 5 years
- Certified as Qualifying Deferred Annuity Policy thus relevant premiums are qualified for tax deductions
- Easy online application with guaranteed acceptance
Terms and Conditions apply, please note the relevant product risks. eIncomePro Deferred Annuity Plan (100% Guaranteed) is underwritten by Hang Seng Insurance Company Limited.
Monthly Investment Plan for Funds
- Start your investment as low as HKD500 per month with free termination at any time
- Grow your money by regular contributions in advantage of Dollar Cost Averaging
Investment involves risk.
ESG Investment
- Integrate ESG factors in your investment process to achieve both financial and sustainability goals
- To better mitigate risks and make a positive impact on our future
- ESG-themed investment opportunities are available across diversified asset classes
Investment involves risks.
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Explore other moments
Footnote
Other points to note
- Prices of foreign exchange may go up or down.
- All investments involve risks. Investors should note that prices of securities, foreign exchange, commodity and investment products may go up as well as down and past performance is not indicative of future performance. Investors should read the relevant investment offering documents and terms and conditions (including the full text of the risk factors therein) in detail before making any investment decisions.
- To borrow or not to borrow? Borrow only if you can repay!
- Terms and Conditions apply.