I love the outdoors and i love hiking. I love the challenge and the thrill of getting to your destination no matter how hard you strive to reach it. Same thing about life. We work hard to reach a certain goal which is for me to give our children the happiness they deserve. Its time to get insured now, because if we still sit around and think about it Read the rest of this entry »
Taking the Plunge
Investing one’s hard-earned money requires thought, foresight, a long-term perspective and a certain appetite for risk. But given that all these qualities are in place, when, exactly, is the best time to dive into the investment pool? “It’s always a good time to invest,” said Fernando Jose Sison III, chairman of the Investment Company Association of the Philippines.
Before shopping for stocks and bonds, however, Ben P. Panares, chief operating officer of Sun Life Asset Management Company, Inc., suggests setting aside enough money to cover half a year’s worth of committed expenses, in case of a sudden job loss or a personal emergency. Only after fulfilling this exquisite can one embark on hi lifetime investment path.
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Invest to Beat Inflation!
A study commissioned by Sun Life Financial-Philippines early this year revealed that among the Filipinos’ top sources of worry is inflation, the persistent increase in consumer prices that consequently weakens ones purchasing power.
Despite this, the study, called SOLAR, (an acronym for Study Of Lifestyles, Attitudes and Relationships) notes that Filipinos still refer to keep their spare cash in savings or time deposit accounts, which offer guarantee liquidity but modest interest earnings. While such investments vehicles are considered safer, they are not enough to beat the rate of inflation in the long run.
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