Investments: Details of Your Status

Financial health is very important - when it's not there, it can be a quick road to money problems. Still, it's not that easy to pin down what it really means. Here's how Erste Bank und Sparkasse define it:

Financial health means you are able to cover your current and ongoing mandatory expenses, feel secure about your financial future and make decisions that allow you to enjoy your life.

This definition, of course, is also the foundation of George FIT.

Find out more information on the topic here. 

Of course, many individual factors also come into play. For example, your age, family life... the list could go on and on. George FIT helps you always keep an eye on the key pillars of your financial health and current fitness: Budget, Reserves, Protection (Insurances), Pension - and of course Investments.

Investments can be a good option for building wealth. With securities, you can put your money to work for your future. 

This is easier than you may think. You can start any time you want, even with small amounts. George Invest can help you get to know the basics, manage risks and explore different options. 

That being said, don't forget: Investments come with risks as well as rewards. 

The starting point for all George FIT analysis and tips is whether you are already an investor or not. To check, George FIT looks at all the portfolios and subportfolios you manage with George, as well as external investment that you add manually yourself (more on that here). 

George FIT also accounts for whether you invest regularly, for example with an Investment Plan. It doesn't matter if it's with George Invest or another provider.

1. You have at least one securities portfolio and invest regularly.

In this "green" state, George FIT greets you with a (not surprising) message: "You are an investor".

He provides more information in the details, for example how much you invested in the last 12 months.

2. You have at least one portfolio, but did not invest regularly in the last 12 months (or none was added or recognised).

In this "yellow" state you will see this message in your George FIT overview: "Looks like you are not investing regularly". You can find out more in the details, including how you can invest regularly with George Invest. 

3. You do not have a portfolio (or none was added or recognised).

With this "red" status, George tells you in the FIT overview to "Let your money work for you". You can find out how in the status details.

4. You have reserves above 5 times your average monthly income.

The "purple" status is based on information from your George FIT Reserves pillar. He shows your "surplus" as a potential amount for investments (or saving for retirement). If you actually decide to do so is, of course, up to you. As you know, investments come with risks as well as rewards.