Many people know that financial investments are very important, but they are difficult to practice. Here are some tips that might help students to invest more easily. For more professional advice, CBT asked for advice from Kim Byeong-gi, who is a professor from the school of business.
  Students cannot help being careful with financial investments because they have a relatively small amount of earnings. However, Professor Kim said that managing money is no less noble than earning it, regardless of how much money people have.
  "First, writing a financial statement is very important," said Professor Kim. An account book can show us our spending and earnings. Also, by comparing the account books of the prior months, students can plan their budget for the next month. This habit of keeping an account book would help the students to successfully manage their financial resources. By doing this, students can understand their buying habits in more detail. As people know more about their buying habits, they will know how to invest their money more properly. That's reasonable financial investing. Students must understand the concept of investment clearly. An investment is different from gambling and speculation.
 
  Managing of money safely: Installment savings
 The basis of all financial investments is making a good chunk of money. Installment savings is the best way for people to gain more money safely. People  have to invest in regular installments and can apply at banks. Investors should check out and be informed about various savings accounts, such as tax-free accounts or a maximizer accounts, through bank clerks. Also, they have to divide their funds according to their purpose of saving such as travelling, studying, or creating a nest egg. However, it would be better to deal with one bank. If you have one main bank, dealing with money will be easier. Also, the bank you mainly deal with will offer various benefits such as decreasing remittance charges and advantages of exchange rates.
 
  Investment through experts: Funds
 Funds are a way to invest money through professional financial institutions. A fund manager will invest in financial goods such as stocks and credits on an investor's behalf. Funds can be used to invest in various areas including investment firms, banks, and the Internet. Also, they do not have fixed investment periods, so they're quite different from installment savings. Therefore, funds are more convenient.
  Funds are classified into two categories: domestic funds and foreign funds. According to the methods of funds, there is funded financing and deferred funds. The deferred funds are used when they want to invest a large sum once and sell it when its price increases. Deferred funds are similar with stocks, so they are also dangerous for beginners.
  Professor Kim said that students should think about the kinds of funds that they want to invest in and must diversify their investments. By doing this, they will decrease their risk and increase their expected return. He added that students should not remain attached to the interest rate or wait for a favorable time.
  "Look for the way to invest your money that is suitable to yourself." Students should decide and choose the method of investment by considering their age, job, and earning capacity. After that, students need to write down their own portfolio of investment. It can reduce the failure rate of their investments.
  People must manage their financial resources regardless of their earning capacity and spending. Students should make a habit of investing money and make plans for their own financial resources.