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GreenMoney

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14 investing tips
« on: June 07, 2016, 07:07:36 PM »
Here are 14 investing tips from the speakers to help you reach your financial goals:

Randell Tiongson, RFP
Director, Registered Financial Planner Institute Philippines

“Investing is a marathon, not a 100-meter dash.”

Investing and wealth creation take time. Even the most successful businessmen labored to get to where they are today, and an overnight success is backed up by years of hard work and perseverance. You need to have a long-term mindset with a minimum of 5 or 7 years if you want to invest and make your money grow.

“In a volatile market, it’s always best to go back to your foundations.”

It’s normal for markets to go through up-and-down cycles. This is volatility. Go back to basics. This means improving your cash flow, eradicating debt, having an emergency fund, protecting yourself from risk through insurance, and investing for the future.

Marvin Germo, RFP
Best Selling Author, Stock Smarts book series

“The more assets you have, the more chances of winning.”

Markets follow up-and-down cycles.  It’s important to diversify and accumulate more assets to protect yourself from the downturns through a mix of high-risk and low-risk instruments.

“Look for bright spots in the economy.”

These bright spots are OFW remittances, the BPO sector, and the consumption-driven habits of Filipinos. Pick stocks or investments related to them, such as real estate companies for OFWs and BPO employees, and retail and F&B industries for the consumption-driven habits of Filipinos.

Valerie Pama
President, Sun Life Asset Management Company, Inc. (SLAMCI)

“To avoid falling for scams, look for a BRIGHT partner.”

Think of the acronym BRIGHT to check if you will be putting your money in a legitimate investment. If someone approaches you, he is credible if the company he is representing has a Brick and mortar store and is Registered with the Securities and Exchange Commission (SEC), he or she has Integrity, is Grounded in reality, is Honest and Trustworthy.

“Grow your money in legitimate investments like mutual funds.”

Legitimate investments take time. They won’t give you double-digit returns in days or months, but you’re assured that your money is safe until you need to withdraw them. Legitimate investments include bonds, stocks, and mutual funds.

Diwa C. Guinigundo
Deputy Governor, Monetary Stability Sector, Bangko Sentral ng Pilipinas

“Save 10% of what you have for the future. Invest savings for multiplication.”

Move to wealth building so your savings can beat inflation after wealth creation. Put your savings in investments, be it bonds, stocks, index funds, real estate, or a business venture.

 “Seek the advice of wise men.”

The advice that your mentors will provide will steer you in the right direction, so you can avoid mistakes you would’ve committed in their absence. No man is an island, and surrounding yourself with people who inspire, motivate, and guide you will bring you one step closer to your goal.

Jose Feron “Dodong” Cacanando
Owner, Moriah Farms Inc. and HA-Moriyah, Inc.

“Infrastructure is the most important and expensive part of business, but it cannot be bought; it has to be developed over time.”

You cannot rush success and wealth because it’s important to build the infrastructure first.  You need to lay a good base if you are managing people. This could be mentoring your employees to become star performers and to grow your revenues or this could be investing in the tools and appliances you need for your business operations.

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

14 investing tips
« on: June 07, 2016, 07:07:36 PM »

Mountain View

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Re: 14 investing tips
« Reply #1 on: August 11, 2016, 08:53:28 AM »
Thanks for sharing ha.

Actually am inspired to their stories.  Gusto ko din maging financially indepdent.

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Re: 14 investing tips
« Reply #1 on: August 11, 2016, 08:53:28 AM »

 

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