Whooooe! Let’s discuss this juicy article that most people would love to read in order to get rich.
I suggest to also read this article on “how to afford living here in the Philippines” before reading this awesome and rich filling investment article.
First, let me remind you that you need to read my ebook “Living Successfully in the Philippines” as a back up for businesses and investments that you will do here in the Philippines. Because I will tell you now, investing here in the Philippines is a current nightmare to the uninformed investor.
With that in mind, I will provide you with the latest, uncensored, and unbiased information on what to invest this coming 2017 and the rest in regards to get rich here in the Philippines- but this is no midnight millionaire shishkebab, it will definitely take time.
So here goes:
1.Invest in Stocks – I can’t fathom why a lot of people do not know about the benefits of investing to stocks but more so also in why a lot of people do not invest on it. I have asked relatives here in the Philippines if they know stocks and out of 12, only 6 knew about it. And out of that 6, 1 person does an actual investment with stocks as a long term investment.
That’s like 1 out of 12 people. Do the math and you’ll know the answer. But questions is why doe people not invest on it? Well, because it takes so much time and effort to create a stock account, two, because it requires research in order to invest on what stocks will profit, and three, because a common expat/foreigners cannot just invest easily (you need another filipino- wife maybe?). Filipinos could invest on stocks but your average pinoy is not informed to do this, have you seen commercials in the Philippines that encourages this? NONE. Because getting rich here in the Philippines is known only to certain few people, and when people think about getting rich, its about politics. I suggest instead, invest in stocks and do active trading, research your assets and make sure to profit. I will give you a fair example; A doctor here in the Philippines cannot fund his studies without investing in stocks – and so are you!
2. Invest in UITFs: UITFs are trust funds that you can avail from the local banks here in the Philippines. They are much safer than stocks but they don’t differ much as far as trading. I have active UITF trading in the Past, but its sure is a PAIN IN THE ASS to do so because you cannot just sell or buy UITFs per se, because you will have to be on the bank to do that – personally. So, as far as “quick liquidation” is concerned, UITFs could be good but it is not as fast as stocks (because you could sell your stock or even buy ONLINE). That’s just for convenience itself. But the crucial difference would be the PROs and CONs. The pro of UITF is that, you could have a negative NAVPU (or the index of the UITF unit) and you will not lose your money as long as you do not withdraw or redeem that UITF. However, you only have a UITF, not a share of a stock of the company, meaning, you own a unit of that bank’s cut but not the stock itself.
As for stocks, well, if the stocks goes negative, then there goes your money with it. Quite risky, but you will get more when you profit from dividends or when your stock index goes up. You will also earn a part of that company rather than just an investment unit. But remember that its risky, if you do not want to fail then kindly read my ebook “Living Successfully in the Philippines”.
3. Real Estate – There are only few things permanent in this financial world, one is tax, and the other, REAL ESTATES.
They could be lands, lots, houses, condos, apartments etc… they all fall on this same category. Now why would you invest in real estate to get rich?
Thing is, you will not get rich with real estate quickly. It will take time on even the most aggressive real estate investment approach – such as creating a condo or apartment from a vacant lots. Even if you have money, it will take time to market it. Plus, we are talking about the average investor here, not the already rich.
So how do you do this as an average investor? Here in the Philippines, it might be beneficial to buy a condo (than apartment- because you don’t own it.) and lease it later as a rental condo; you will earn money, and you can use that fund to pay for that house. For example: buy a 1.5 Million Peso Condo at installment basis (or even cash if you feel like a rich guy) and have it leased monthly for 15,000 Php if it is located on a central city (if not, then 10,000 Php is prudent). Pay for the expense first, then the rest, have it as your savings – PROFIT!
The cheapest approach is to either buy a house/lot and sell it later after it gained “value” from the market i.e. after a long while. Or, you can just make an apartment out of your house/lot, then lease it with 3,000 Php to 5,000 Php. (or any price you would like). But there is a trick for this, such as the amount of payment, financial bonds, contract, and most of all, the painful truth of getting the MONTHLY RENT. So if you want to have a foolproof guideline to do this investment, then like I said, save yourself from all the pain and get my ebook “Living Successfully in the Philippines”– I assure you, you will be successful.
In conclusion, getting rich here in the Philippines is not quick. i am not going to lie at your face and tell you that with just one night you will be successful. Those are just shenanigans. So if somebody says so otherwise; its either they are in MLM or they are just a scam- this Rich life in the Philippines webmag will not tolerate such abominations. If you want to get rich, we will do it the right way.
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