{"id":2297,"date":"2022-06-14T13:53:13","date_gmt":"2022-06-14T12:53:13","guid":{"rendered":"https:\/\/kabayanremit.com\/blog\/?p=2297"},"modified":"2022-06-14T13:53:13","modified_gmt":"2022-06-14T12:53:13","slug":"5-investment-tips","status":"publish","type":"post","link":"https:\/\/kabayanremit.com\/blog\/finance\/5-investment-tips\/","title":{"rendered":"5 investment tips for OFWs"},"content":{"rendered":"
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After months or even years of working away from loved ones, overseas Filipino workers (OFWs) should have something set aside for the time when they finally come home to their families.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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For most, the first thing that comes to mind when it comes to building funds is saving, but while saving is one way to build your funds, it does not generate the high returns you could earn from following the investment tips in this article.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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While it does take some learning, investing can potentially pay off in the long run if it is done correctly.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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When it comes to investing, remember these 5 investment tips from the Bangko Central ng Pilipinas<\/a> (BSP of the Philippine Central Bank)<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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  1. Do your research \u2013<\/strong> Look into what you\u2019re investing in, so you are fully aware of where you\u2019ll be putting your hard-earned money.<\/li>\n
  2. Invest within your means \u2013<\/strong> There is still the risk of loss in investing, so you should only put in the amount of money you\u2019re willing to lose.<\/li>\n
  3. Recall the Risk-Return Principle \u2013<\/strong>There is no right or wrong in how much of a risk you\u2019re willing to take, but the type of risk you do choose affects how much you may earn in the future. Higher risk means higher rewards, while lower risk means lower rewards.<\/li>\n
  4. Be patient \u2013<\/strong> Trust the process. Investing is a long-term game, so you\u2019ll need to acquire and sell investments over time before you see the results.<\/li>\n
  5. Diversify your investments \u2013<\/strong> Don\u2019t put all your eggs in one basket. Your portfolio should have different types of low-risk and high-risk investments.<\/li>\n<\/ol>\n\n\t\t<\/div>\n\t<\/div>\n\n\t
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    Let’s learn more about these investment tips.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

    Investment definition<\/h3>\n\t
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    \"\"<\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t
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    An investment<\/a> is something you buy that becomes more valuable over time, allowing you to sell it at a higher price and generate wealth by getting more money back than what you put in.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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    Compared to saving<\/a>, investing takes time and comes with the risk of value rising and falling.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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    According to Joshua Kennon of The Balance<\/a>, <\/em>\u201cThe goal of investing is to make you wealthier, even if it means suffering volatility, perhaps even for years.\u201d<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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    However, how much you\u2019re willing to risk will still depend on you.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

    Investing 101<\/h3>\n\t
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    \"woman<\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t
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    Before you shell out any money for an investment, you\u2019ll need to figure out your risk profile<\/a> and risk appetite<\/a>, or how much of a risk taker you are and how much of a risk you\u2019re willing to take.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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    According to the BSP or Philippine Central Bank, you can fall anywhere along this spectrum when it comes to taking risks:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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    1. High risk<\/li>\n
    2. Aggressive<\/li>\n
    3. Moderately aggressive<\/li>\n
    4. Moderately conservative<\/li>\n
    5. Conservative<\/li>\n
    6. Low risk<\/li>\n<\/ol>\n\n\t\t<\/div>\n\t<\/div>\n\n\t
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      When you start investing, determine if you fall on the conservative side or the aggressive side of the risk spectrum. Depending on where you are on the spectrum, you can choose to grow your wealth with the investment tips below:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t

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