From ipon to investment: Start your investing era with as little as P100!
When your most important financial affairs are in order – your emergency fund is ready, you have paid off all your utang, and you have met your savings goals – you may start thinking about how else you can grow your hard-earned money. Instead of just letting your ipon sit idly in your bank account, one option worth exploring to grow your money is to try your hand at investing. According to the Bangko Sentral ng Pilipinas, investing is the process of buying assets that increase in value over time, with a goal of generating income or selling for a profit. Some people think that investing is only for the wealthy or those with millions of pesos in the bank, but that is not necessarily the case. Depending on the investment product, you can get started with as little as PHP 100. Of course, investing is not as simple as putting money away and watching it grow. Different investment options come with varying levels of risk and potential returns. Some are better suited for beginners who pr...
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