Investing 101 - a guide for the newbie Filipino investor

Where to invest spare money

So you have extra cash? Wondering how to start investing and creating wealth? Here are choices a wise man (and woman) can consider:

The banks in your locality: The good-looking tellers there are your friends. Think more than just opening and maintaining a savings account. Consider Time deposits: Your money will be kept by the bank for a fixed period (30 days, 60 days, 90 days or more) in exchange for a higher interest rate than an ordinary savings account. How about a fancier product

THE TIME TO ACT IS NOW

Sounds cliche, but i'm starting off with this statement: The time to act is now.

You see, a lot of us Filipinos don't realize that the world does pass us by quicker than we could ever act. Before we know it, our youth is gone; our dreams; our aspirations. For most of us, we make the same mistakes our parents did when they were young.

I hope to inspire readers by FIRST, pointing out what we are doing wrong, then EVENTUALLY offer ways out. If you’re in your twenties, you are very lucky. The world is at your fingertips. For the rest of us, we have a lot of catching up to do. Hence, the time to act is now. Not tomorrow, not next week.