(If you want a quick guide for beginners how to start investing in the Philippine stock market, you can download your free ebook here.)
As anyone will tell you, when it comes to saving up for the future, it’s better to be safe rather than sorry. While inflation in the Philippines has been steadily slowing down, it’s still important to protect your savings from the negative effects of a fluctuating economy. One way to do this is by making investments that will help your money grow even in times of economic downturn. Here are a few things you can invest in to help ease your way into a better, brighter future.
Stocks
Stocks or shares represent proportional ownership of a company, which means stockholders are entitled to take home that proportion of the company’s assets and earnings. While taking your first step as an investor in the stock market may be intimidating, you should know that you’re not alone. Rappler reports that more and more millennials and middle-class Filipinos are investing in the stock market, with total accounts in the Philippine Stock Exchange finally breaking one million. With online trading, participating in the stock market is as easy as ever, so don’t let your fears hold you back.
Real Estate
One of the best things to invest in is real estate, because the value always appreciates over time. However, this can be one of the biggest investments you’ll make, so it’s important to choose carefully. While most Filipinos prefer investing in house and lot properties, CNN Philippines has found that millennials prefer condominium units closer to their workplaces. Millennials are also fond of rent-to-own schemes, replacing monthly rental schemes with mortgages over longer periods of time. With such a big investment, it’s best to do careful research on present and future trends in the Philippine real estate market before making a decision.
Mutual Funds
Another way to invest in your future is by investing in mutual funds. Mutual funds are a pool of money collected from several investors that are then operated by professional money managers. The money managers then invest the funds and attempt to earn capital gains, which are then distributed among the members of the mutual fund. For a more in-depth discussion on mutual funds, check out our article ‘How to Invest Online in Philippine Mutual Funds’.
Insurance
Finally, one way to keep your savings safe is by investing in the right health insurance plan. While youth and a strong immune system may provide a buffer against illnesses or disease, it’s still important to protect yourself and your finances from unexpected health emergencies. Unfortunately, some health insurance plans are specific to age groups, and protection may not extend into your senior years. If you’re looking for the right health investment to make for later in your life, Paramount Direct has a how-to guide that will help you pick the right insurance plan. It contains helpful information on what to look for when picking a plan, including prices and coverage.
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