5 Tips Before You Start Investing

Monday, July 24, 2017

Lapit na Pasko. Malapit na rin bigayan ng 13th month pay.  Ano gagawin mo sa bonus mo?  Magtira  ka naman ng pang invest para sa mga long term dreams mo.

Whatever investment you want to make, make sure you consider my “5 Tips Before You Start Investing”! Ang perang pinaghirapan dapat lang ingatan!

1) Be Educated 

 Grow your money sense. Knowledge of how your investment will make money  and the people behind your investment is your 1st step to confidently investing. Join community groups and attend forums that will help you grow your financial quotient.

Lahat ng investment may risk. Anong level ng risk ang kaya mong tanggapin sa paginvest?

2) Know the Cost of Your Investment

Lahat ba ng ilalagay mong pera ay maiinvest? Or may initial charges ba?  When can you withdraw from your investment?  May penalty ba if you withdraw?  May tax ba sa kita ng investment mo?

3) Be Mindful of the Inflation Rate

Hindi lang dapat interest ng investment ang dapat mong malaman.  Last month’s inflation rate was 3.4% and is expected to stay at an average of 3.2% at the end of this quarter. Will the expected interest of your investment cover the inflation rate or talo ka pa?

4) Review

Examine your investment and its performance at least once a year. How is it performing vs. your target financial goal? Do you need to change your strategy?

5) Relax

Wag magmamadali.  Maximize the growth of your money by keeping it long term.  Hindi yan tinabi sa ATM na pwedeng kunan ng pera araw araw.

To your success, wealth and happiness! Lulu Your Personal Money Mentor “Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.” Proverbs 6:6-8 NIV