Ofws Can Multiply Their Earnings With These Investment Opportunities Blog
Every Filipino, especially those working abroad, should bear in mind that we cannot work forever. Sooner or later, we will have to retire from our jobs and when that happens, we need to make sure that we can still receive income even without working. Even if you're determined to be a worker for a long time, you need to remember that your body can deteriorate and give up. So when you're sick or can't physically work any longer, you'll also need to make sure that you have a means to receive decent cash inflows. So before these unfortunate things happen, get to know the various investment opportunities you can grab as soon as possible. In the end, your ultimate financial goal should be making your money work for you.
1. Real Estate
When it comes to investing, most financial gurus recommend engaging in the real estate market. Even if you;re taking out OFW loan assistance to buy your own house, you can sell the property later on at a higher price especially when the location has improved over the years. In terms of business activities, you can acquire foreclosed properties from the banks, improve them, and put the rooms or the entire house for rent. You may have to pay for huge mortgage for several months, but the rental income you'll gain regularly can help offset them. Who knows, you can earn so much more than your financial obligations, giving you enough money to work on property maintenance and enhancements.
2. Small Business
Playing the real estate game will require millions of pesos and a huge amount of confidence to handle the financial risks. But if you prefer to be on the safer side, money-wise, having your own business is an option. There are so many opportunities out there especially for an OFW. The trick is to identify what your target customers are willing to pay for whether it's a need or a want. An example will be procuring Philippine goodies to the country you're working in and selling them to your fellow Filipino workers who miss those treats from home.
3. Company Stocks
If business management isn't your forte, you can invest your money in a company and leave the operations in the hands of the experienced, knowledgeable executives. That's what engaging in the Philippine Stock Exchange (PSE) is about. You will essentially buy a company's stocks (and own a part of the business) and when conditions are right, sell them for a higher price. You will need to constantly monitor the market trends and forecast the future of the company you partially own. Fortunately, you can play the stock market wherever you are in the world.
4. Mutual Funds and Unit Investment Trust Funds
These pooled investment vehicles are your options when you simply don't want to have an active role in your investments. A fund manager will handle all the investing activities, putting your money as he think appropriate, and gives you the returns. In short, all you have to do is pay at least the minimum required amount to participate, and if you want, watch the performance of the funds online. Mutual funds are offered by investment companies and are available for as low as P5,000 while UITFs are opened through banks.
So what do you think is appropriate for you? Keep in mind though that you can engage in a combination of two or more of these investments so that you can have a good buffer just in case one market drops.