Investing in stocks, bonds, money market instruments and even in real estate are some of the ways to spread the risk of your money.
Two money making experts said risk and opportunity would come hand in hand in investment.
“The spreading of risk is putting the money under management into several categories of investments such as stocks, bonds, and money market instruments. You need to diversify your investment portfolio,” said Maria Rhoda Villasenor, training head of Bank of the Philippine Islands-Philam Life Insurance (BPI-Philam) during the recent Money Summit and Wealth Expo at the Waterfront Hotel and Casino.
One can also earn through passive income by putting your money in banks such as in time deposits to earn interest rates, pension plans and savings among others.
“Accessiblity of funds can be acquired from bank loans and financing but you need to tolerate the risks involved in it.” she said.
Bryant Cuison, Avidal Land head of corporate sales of Visayas and Mindanao, said real estate would be a good way to invest your money.
He said real estate investment would give the investor a lot of opportunities and real estate properties would be easy on the pocket and very affordable.
“In 2005, if you want to purchase a “real estate” property (condominium) which is worth P750,000, a down payment of P150,000 is required. But right now, if you want to purchase a “real estate” property (condominium) which is worth P1.5 million, you can pay it on a monthly basis for as low as P9,000 a month, which is payable in three years,” he said.
Cuison attributed the growth of the business process outsourcing industry in the Philippines, tourism industry and the overseas Filipino workers market to the real estate boom in the country.