Investing in Stocks
Since I was in college, I have been curious about the stock market. However, I have never dared to try investing in stocks because I thought one who does should always need to watch out for the trend to make sure he doesn't lose his investment.
As I thought investing in the pre-need pension plans would be safer, I invested in some pre-need companies. That time, MLM was a popular method in attracting investors which turned out to be not a safe way to invest money. I lost three investments. However, I got a good one, a life insurance with Manulife. It was the only one where I earned dividends and mutual fund income. On the other hand, I badly needed money in 2006 so I had no choice but to sell my mutual fund shares. I wish I didn't and tried some other options. I didn't know back then that part of my privileges with my insurance policy is that I can borrow from them.
From 2007, as my financial situation started improving, I continuously tried looking for opportunities for investing or increasing income. I thought investing in mutual funds would be safe but I didn't have the urgency to check which companies to invest with.
I tried a few online opportunities but which didn't work well as promised or advertised. Meanwhile, I just opened a "Get Started" savings account with BPI which is an insurance at the same time, promising 5x the value of the deposited amount in case death happens. Even so, I can save only a little and cannot expect any multiplication from the savings.
Because I do not have retirement benefits as an English tutor with only a few teaching hours to afford some time to learn web development, I saw the need to make a plan for my retirement while I am still able. Lately, I made the estimate of how much I can save for my retirement if I make a habit of saving regularly. To my dismay, even if I save P5,000 monthly for ten years, it would only amount to P600,000. By that time, I'm sure the amount would also be lower in value than what it is valued today because of inflation.
Thank God, I found the youtube video of Pesos and Sense where someone from COL Financial shared about their Easy Investment Program. I attended the training immediately the day after watching the video and visiting their website. My immediate thought when I attended the seminar was "I wish I knew earlier." On the other hand, I'm sure God can give chance to recover lost opportunities. Finally, I know I can make some investments without having the fear of losing money when the stock market experiences some downturn.
Down below is a sample computation for possible income in the EIP of COL Financial (formerly CitisecOnline). In the table, we can see that if the total amount invested in ten years at P1,000 per month is 120,000, there is possibility of earning about P90,000. Of course, it can be higher or lower. but I believe the money invested is still sure to earn more than it can when place in a bank savings account.
This is just a sample computation with a P1,000 investment per month. Although their lowest investment for the entry level is P5,000, it is still possible to invest even if one can afford only about P1,250 per month. Save P1,250 through bank savings monthly, then invest P5,000 through COL every 4 months, or save P1,675 and invest P5,000 every three months.
The good thing is that even if we skip some months, we don't need to file for reinstatement and if we really are not able to continue, our investment remains there. We can also sell the stocks we purchased anytime we really are in great need of cash. Go ahead, watch the video, visit the site and their office. I don't earn from sharing but it's great to share for everyone to be informed and be able to make wise investments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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