And now for the last series, let’s
talk about Investing. I’m in no way an expert in to this matter but what I know
is that you cannot just place all your money in your savings account and enjoy
the one percent to 3 percent annual interest. That won’t bit the inflation rate.
After building up the Savings mentioned
in the previous blog, whatever we save in excess must go to investing.
Investing allows your money to work for you in the long term. There are various
ways to invest as listed below:
1.
Stocks
and Bonds. You can place your money to stock market or bonds. Stock is
owning a certain share of big companies hence, entitles you for dividends while
bonds is lending money to big companies giving you interest income. You can
hire a broker to work for you if you are not familiar with stocks and bonds.
2.
Stocks,
safe method. You need market knowledge if you want to invest in stocks. It could
be stressful at times. But there is a way to invest in stocks more easily. That
is called the Peso-averaging method, wherein you invest a fixed amount in a
fixed interval for a longer term, like five years and up. You can do this on
your own through Citiseconline’s produce called Easy Investment Program. Check
out www.citiseconline.com.
3.
Mutual
Funds. Another way to invest is to be part of pooled funds, where account
manager will be the one to invest for you. This way you can start with a small
capital. This usually holds for five years to maximize the benefits, though you
can withdraw your money anytime you would want. Sunlife Financial offers this kind
of services.
4.
Business.
Definitely, we can invest by putting up your own business. Know your passion
and plan about it. The key to business is passion and planning. When you put
your heart on it, then whatever business you set can make you prosper. Just make
sure not to lose balance in life.
So there you have it. I hope
everyone learns from this Money Talk Series. I believe, we have the capacity to
produce wealth in our own way. We just have to employ discipline in our life. We
are God’s stewards of this finances. He wants us to maximize this in a way
pleasing to Him.
Have a prosperous
week ahead!
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| Don't just invest in Money. Invest on matters that money cannot buy, life Friendship! ♥ |
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