I know what you did with your bonus last Christmas.
You bought the pair of shoes you've been longing for or the same branded watch your friend is wearing or the perfume you smelled when pasing the cosmetic department at the mall or maybe paid a down payment for a new car.
Being an OFW, this is one thing that I miss to enjoy especially that the country I am at do not celebrate festivities like this, except at the mall.
So for those of you who are lucky enough, do not waste your opportunity to double your money.
Waiting for another year to take the opportunity is unworthy specially if you have the chance now.
Whether how big or small, you always have the choice how to spend it.
Just
a few days from now, you will receive your 13th month bonus...then maybe Christmas bonus.
Or am I late?
Have
you thought of investing your extra money? I hope you are considering it.
Rather
than buying the newest phone in town or the hottest Jordan Air on IG, start funding your invesments.
“But
where can I invest my bonus?” That is what I always hear from friends and
colleagues.

There
are many tools where beginners can invest their money. But let’s trim down so you
will not get overwhelmed.
Time
Deposit – it is a kind of
investment offered by banks where you will keep your money and technically not be
allowed to withdraw it at a certain period of time. Well, you can withdraw
before the maturity or expiry date but the bank will charge you higher
fees. It is modestly safer than other
investments tools but you get lower interest. Time Deposit is considered the
safest and better form of investment than keeping your money in the savings account.
Why this is good for newbie investors? It is plain and simple, you deposit, wait for the maturity date and earn a higher interest. You can enroll it to be an automatic rollover, where the bank will re-deposit the new balance to another period of time. You can start with only 2,000 pesos.
Why this is good for newbie investors? It is plain and simple, you deposit, wait for the maturity date and earn a higher interest. You can enroll it to be an automatic rollover, where the bank will re-deposit the new balance to another period of time. You can start with only 2,000 pesos.
What
to do? On your next trip to your bank, inquire about their Time Deposit account. But before you
decide, shop around and look for the highest interest rate.
Mutual
fund – it is a pooled fund
offered by private financial companies. It is where many investors like you entrust
their money to a professional fund manager who will make sound financial judgment
and invest in different types of business investments like stock market, equity
fund, or other mutual funds, bonds, etc. It is like hiring someone to do the
investment for you.
Why this is good for newbie investors? If you have no time, patience or only have little knowledge about investments, this is a good tool. Initial investment needed is only 5,000 pesos.
Why this is good for newbie investors? If you have no time, patience or only have little knowledge about investments, this is a good tool. Initial investment needed is only 5,000 pesos.
What
to do? If you want to know more about it Click HERE.
UITF
(Unit Investment Trust Fund)
– it has the same concept as the mutual fund but it is offered by banks. Just like the mutual fund, it is one of the basic and simplest form of investment. Some banks would call it simply the "trust fund" while some would call UITF.
Why this is good for newbie investors? Same as mutual fund, a finance professional assigned by the bank will invest the money on behalf of you. Since the fund managers' performance are supervised by the banks, you can ensure that they will make the most out of your investment. However, you have to keep in mind that the returns depends on how the economy is moving. Good economy = good returns. Initial investment needed is between 5,000-10,000 pesos.
Why this is good for newbie investors? Same as mutual fund, a finance professional assigned by the bank will invest the money on behalf of you. Since the fund managers' performance are supervised by the banks, you can ensure that they will make the most out of your investment. However, you have to keep in mind that the returns depends on how the economy is moving. Good economy = good returns. Initial investment needed is between 5,000-10,000 pesos.
What
to do? If you want to know more about it Click HERE.
Stock
Market – it is a market
where companies allow the public to partly own their companies by buying shares
of ownership. It is where you also sell
the shares to earn through brokers. It
is risky because of the high volatility (wow, big word) of the environment.
*Volatility is when the prices goes up and suddenly goes down, then goes up again and might go down again in a matter of days, hours or minutes. Therefore, your gains could also go up and suddenly goes down the next day.
*Volatility is when the prices goes up and suddenly goes down, then goes up again and might go down again in a matter of days, hours or minutes. Therefore, your gains could also go up and suddenly goes down the next day.
Is this good for newbies? The good news is there are strategies that can minimize the risks of investing in the stock market that benefits
people who have no time to spend watching the market, like us working people.
What to do? If you want to know more about it Click HERE.
What to do? If you want to know more about it Click HERE.
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