Housing or larger purchases – faster and stress-free
Turn big goals - home, car, even paying off a mortgage - into reality with Finax, easily and worry-free.
Why save for larger purchases by investing?
Higher returns than in a bank account
Money in the bank loses value. By investing, you can increase its value and afford the purchase sooner and on better terms.
Keep your peace of mind and flexibility
Finax allows you to invest with no lock-in periods. You can access your money whenever you need it.
No stress or planning
You just set a goal – Finax will take care of the choice of investments, rebalancing, and taxes. And you can relax.
Compound interest helps you
The sooner you start, the more your money can work for you. Compound interest speeds up your journey.Repaying a mortgage? Consider investing.
Simple setup
You set the goal, target sum and planned investment period. We will take care of choosing the right funds, optimization as well as the taxes - and you may focus on more important things.
Let your money grow
If you plan to save for a longer period, your money can earn during that time instead of losing value in a bank.
No commitments or obligations
Your money is available anytime. Finax offers flexibility that you won't find in regular savings.
Short horizon
Don't leave money in an account where its value is falling due to inflation. Short-term investing allows you to appreciate the money you plan to use soon.
Investing in ETFs
Time is the best ally for investors. Long-term investing maximizes your chance of successfully achieving your goals.
Is now the right time to start?
How to start investing?
Complete a short questionnaire and set a strategy that fits you.
Sign up and sign the contract online.
Set up a standing order for payments and make your first deposit.
Track everything via the app and monitor your deposits.
How Finax helps with large purchases?
You may choose from two modern investment solutions, which will help you in accumulating the amount necessary for a house down payment, a car or paying off a loan -without hassle and worries.
Smart Deposit
Don't let your money become slowly eaten away by inflation in your bank account. Smart deposit appreciates them with zero value fluctuations - an ideal solution if you'll be needing the money soon.
Investing in ETFs
Time is the best ally for investors. Long-term investing maximizes your chance of successfully achieving your goals.
Check out real examples of our clients
Investing in ETFs
I wanted to save my 20% for a mortgage as quickly as possible. Thanks to investing in ETFs through Finax, I’m doing it faster than if I relied on a savings account. Everything is automatic, stress-free, and I can see my money working.
Jana
| 26 YearsDoctor
Smart Deposit
In a few months, I will buy an apartment. I didn’t want to leave the money in an account where inflation would eat away at it, but I also didn’t want to risk fluctuations in the markets. So I chose a Smart Deposit – it’s conservative, safe, and I sleep peacefully. The money is available when I need it.
Juraj
| 45 yearsEngeneer
Want to see more about Large Purchases?
Investing vs. mortgage
Thinking about making an extra mortgage payment? It might be better to invest.
Many believe, that paying off the mortgage prematurely is the best way you can use the money. This way, they can save on interest, they would have to normally pay. However, when we compare the average yields from investing and the saved interest on mortgage, investing is the advantageous option in most cases. For a more detailed explanation and concrete numbers, read this blog.
Furthermore, a big advantage of investing is that your wealth is not locked in a particular piece of real-estate, but instead, remains flexible. You may always withdraw a particular amount and use it according to your needs. Use the accumulated wealth to pay off the mortgage only if it becomes advantageous. Moreover, Finax takes care of everything for you - including optimization, fund choice and taxes. You just look at your wealth growing!
Why not start with a consumer loan
A consumer loan could end up being more expensive than you think. Investing is a healthier way.
Are you interested in a new car, household equipment, or another large expense? Many people opt for a consumer loan, which is often expensive, unfavorable, and creates financial pressure. A sensible alternative is to start investing ahead of time. Even a small monthly amount can, thanks to compound interest, give you enough funds in a few years. Plus, with Finax, you have control over your investments without needing to understand the complex world of investing.
Automation = less stress
With Finax, you invest once, and it keeps going on its own. You just live your life.
With Finax, you don’t have to worry about selecting stocks, timing the market, or regular checks. Just set your goal, the amount to invest monthly, and we’ll take care of the rest. We invest in global ETFs, regularly rebalance the portfolio, track tax benefits, and optimize your returns. You don’t have to do anything – just relax and watch your wealth grow. Exactly according to the philosophy ‘Invest and relax’.
Taxes and fees under control
With Finax, you invest efficiently – with low fees and without unnecessary tax stress.
Investing with Finax is not only simple but also tax-efficient. When selling investments after 1 year, we apply tax exemption in accordance with the so-called time test, which we monitor for you. You do not need to file a tax return or track laws – we will handle everything automatically. Moreover, the fee is transparent, low, and you only pay for portfolio management – no hidden fees, entry or exit fees. Finax helps you invest wisely, conveniently, and without unnecessary complications. More of the money you invest stays in your hands and your goal is reached faster.
Create an investment plan today
Read more about the "Bigger purchase" goal
Financing a real estate purchase
In recent years, the National Bank of Slovakia has taken several measures in order to mitigate the risks associated with the rapid growth of Slovak household indebtedness. Easily available 100% mortgages are a thing of the past. If you want to live on your own today, in addition to rising real estate prices, you also have to deal with several banks’ requirements.
As a Property Ages, so Does Its Return
The option of simple and cheap mortgage financing raises the attractiveness of investment properties. The use of credit (leverage) increases the return on funds invested in the property. Advantageous mortgages are among the reasons why investments in "bricks" enjoy great popularity in Slovakia. However, the return on a leveraged investment property falls sharply as the principal of the loan decreases.
Buying or renting - what is more worthwhile?
Securing a housing is one of the largest budget items for most people. If you are not one of the lucky ones who have acquired their own housing almost for free during the housing fund privatization in the 90s or by inheritance, you basically have two options – housing in a rental or “in your own”, i.e. with the burden of a mortgage. But what is more favourable? Is it better to be indebted for decades or to make use of the flexibility and carelessness a life in a rental has to offer?
Thinking about possible financial goals?
Got questions?
At Finax, we provide various discounts to make your investments with us even more profitable. Alongside regular special offers, we offer several permanent discounts that allow you to exempt a part of your assets from the portfolio management fee: discount for inviting a friend and for transferring investments to Finax from competitors.
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