The start of the New Year offers great promise for everyone. We are all in the hope of a better life especially in the area of finances.
As mentioned many times in this blog and other personal finance articles, INVESTING is one way you can make your money work for you. Once you invest your money you are actually purchasing a share on a company or an asset which will provide income in the future or appreciate its value to be sold at a higher price.
Now investing can be a daunting task especially for beginners. There are just too many choices in terms of what investment vehicle to invest with. Note too that investing comes with a huge risk. There are no guarantees that your money will be huge overnight. Due to lack of knowledge there are investments gone wrong. Either they invest with the wrong company or invest with the wring approach.
But investing in general is a must. If you haven’t tried investing then maybe this 2016 your year of awakening. Below are area/companies where you can invest your money.
Regina Online Investing
Last year I was invited on the launch of the country’s new online investing platform, Regina ROI. They are actually offering a great tool built for new and young investors. Regina Online Investing will provide guides to investors and an in-depth assessment on how your bought stocks goes. They also boast of their user friendly platform that runs using PSETradex which provides using research and social media resources. If you need more information visit this introductory post by Sir Glenn of MakeYourPesoGrow or Regina’s website.
Mutual Fund
Mutual Fund especially the Equity is as always a go-to investment vehicle. Equities have the highest return rate over the other type of mutual funds. Well, given that you wait for your money to mature in the long run. If you want a solid step by step information on Mutual Fund below are the links of my November Series: Yumaman sa Mutual Fund.
Currently I am investing in FAMI-SALEF and no doubt, your investments are in good hands. Will do a two-year investment anniversary before January ends.
Stock Market
I suggest have an intensive knowledge about stock market before deciding to invest your money. Again, investing comes with risk and how the economy goes is something we can’t control. It will be up one day and the next it will be down. Below are the reports from Msn.com on their Stock Screener in the Philippine Market. This could give you a guide on where to invest your money this year.
High Dividend Yields
Tech Sector
Real Estate
Financial Services
Personal Equity Retirement Act (PERA)
Have you heard of PERA? It’s the Philippine’s version of 401(k) in the US. It is a retirement fund finally offered to us. As long as you have a tax identification number (TIN) you can maintain a maximum of 5 PERA accounts. More of this on another post of mine. I’ll just have to research more about this new investment vehicle powered by the Government. For the meantime you can read these articles about P.E.R.A. that will surely entice you.
Another great tip that I learned over the past is investing on stocks that foreigners like or want. Study how foreigners especially US, Japan and China move their money.
I hope you feel encouraged to invest this year. Let me know your investing plans. You can easily email me if you have questions.
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