save money so you can invest
@BigMoney25 (1286)
Philippines
October 11, 2018 5:43pm CST
Do not save just to save. save money so you have funds to invest in investment tools like bonds, uitf, mutual funds and other stuff or maybe VULs. dont just put your money in the bank, let it do some work! putting it in the bank will just have your money get eaten by inflation. for me equity mutual funds are the best long term investments since they exponentially grow overtime. then try real estate investment when you are already capable
5 people like this
7 responses
@simplfred (20641)
• Philippines
11 Oct 18
That's good advice. Sadly, I cannot save right now, my income is just right for my family needs.
1 person likes this
@allen0187 (58444)
• Philippines
12 Oct 18
Agree with you. I try to invest small amounts in different things and build it up from there.
@bryanjames (13)
•
12 Oct 18
Wrong. Don't save to invest. Quit your 9-5, build a business that solves a problem and one that gives you control, a hard barrier of entry, fulfills a need, one that makes money divorced from your time, and one in which you can scale up. Sell that business to a larger cap company, and use that money to invest in safe, large-cap dividend stocks. It takes at least $5 mil in order for compound interest dividend reinvesting to actually work.
@BigMoney25 (1286)
• Philippines
12 Oct 18
good advice but not applicable to all, people have different amounts of money to invest or capital for business as well as risk appetites. im just suggesting plus you dont need to have 5 mil to start investing that is a very limited thinking. you dont have to go out there and start big right away with your investments. that’s why it’s called “investment” it’s usually for the longer term. no need to chase the big bucks at the beginning whats important is you start. not everyone can quit their 9-5 and start a venture and be successful in their first attempt. im talking about investing here, I can make a separate topic if I wanted to especially if I am talking business startups which Im not
