Lately I’ve been thinking on how to grow my money passively. Meaning, I’m earning while I’m sleeping. It’s kinda materialistic but I have a lot of dreams and money is inevitable to put them into reality.
I don’t want it to remain as “wishful thinking” that’s why I’m doing something about it now. I’ve heard about investments all the time and I can’t find a good one suited for me. Time is running fast and I want to take action for my dreams. I want it to be practical, average risk and average return too. After some time, I’ll move on to high yield but high risk too. I believe that it’s now the time to make these kind of decisions.
I wanted to setup my own photobooth, I want to own a food franchise, I want to invest in real estate and more. I want to try everything but money seems to be the problem. I can shell out a bit but not everything. Because of this, I searched for the best investment in the Philippines.
I found this interesting article on stocks and funds. This might be my head start! Read on, you might get some points too.
Mutual Funds Are The Best Investment In The Philippines
By Jeffrey Fang
Apr 6, 2009I have watch a tv show previously aired on the Philippines. Its about the top ten lists on where to wisely invest your money. I can’t remember most of them but I will just tell you what is the top 3.
3rd Place: Invest in Stocks
The stock market is a high yield and high risk kind of investment that lets ordinary people, with the help of a stock broker to buy stocks or share of a certain company open on the stock market. The idea of the stock market is to buy or sell part of the company known as stocks.
Many people have been rich doing day trading and many people lost a lot of money as well. One of the most successful there is is Mr. Warren Buffet. He is the best investor there is and on the 2nd richest man in the world. While most people will buy and sell stocks. Mr. Buffet will buy and KEEP stocks. This way, he will have recurring income from the companies’ profits and will be there as long as the company keeps earning.
The good thing about investing in the stock market is that, it helps the country even more when people are not doing businesses.
2nd Place: Mutual Funds
The idea of mutual funds is for any ordinary people who:
– DO NOT KNOW HOW TO INVEST in the stock market
– Has small money to investMutual funds is a great way to invest your money for as low as 5000 pesos only. What mutual funds do is that it pools and gathers little investors. Pool their money and assign a manager to buy and sell stocks for them. The manager must be educated and experience so that the money will be spread to many kinds of stocks and equity that will make the funds stable and secure a growing interest.
Mutual funds is also tax exempt. Which makes it good. It also is great for young people to get started on investing in stocks because of it compounding interest. To know more about mutual funds Philippines, please visit the site.
1st Place: Government Bonds
Government bonds are the best. Because whatever happens. The government will always pay you. If they run out of funds, they can just always print money to pay you. The idea of government bonds or t bills is that you lend money to the government at a certain period of time. Much like a time savings account on a bank and the government will pay you with high interest for lending.
These are great investments to get into and much much much more better than savings or time deposits at bank because of high interest.
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