Thinking about investing for your future? Read these important guidelines before deciding on which investment options to get.
Just like a lot of people my age, I’ve come to a point in my life where I’ve decided to start looking at different investment options and prepare for my future. After all, I’m not getting any younger; and with how the economy has been these past few years, I figured that it wouldn’t hurt to start now.
It was because of this that I found myself attending a seminar last Saturday in Makati where the speakers taught us how to invest and where to invest money today. The opinions varied depending on the speakers. But one thing that I’ve noticed is that all of them mentioned some key things to consider when choosing our investment options.
Know Yourself
Before going ahead and choose from the many investment options available, the very first thing that the speakers stressed is to know yourself first. Sounds quite philosophical, but it actually makes sense. Carefully assessing yourself in terms on how much risk, time, and determination you have will help you narrow down your investment options so that you can find one where you’ll be able to reap the rewards the most.
Invest Only Your Extra Funds
This very much ties up with the first, and where a lot of people looking at investment options make a mistake. Before you go and look at options where to invest your money, check first if you have some extra funds left after deducting all your usual monthly expenses. Don’t be tempted to use funds that you have already allocated for future expenses (like your child’s college tuition or loan repayments for your car) as your capital to start investing. If you don’t have any extra funds right now, start setting a bit aside until you’ve come up with the capital to get you started in investing on your future.
Take Time to Learn about Your Investment Options
When looking into options where to invest money for your future, it is important to also find out as much as you can about these different investment options. Take some time to attend financial and investment seminars offered by companies like Ephesians Management to gain more knowledge. This way, you’ll be able to learn both the pros and cons of different investment options and help you make a better decision.
Researching on the Internet about these different investment options is another way to learn more about them. Check out forums and other articles about the investment options you’re considering, and find out what the experiences other people have had with them.
A Final Word…
There are a lot of investment options out there, each promising their own rewards. What works for others may not necessarily be the best option for you. Hopefully, these pointers I’ve shared here will help you choose the best avenue where to invest your money and reap the rewards in the future.
Share Your Tips on Choosing Investment Options
Have you started to invest your money? What investment options have you chosen? What were some of the things that you looked into before you decided where to invest your money? Share your thoughts below.
What to Do Before Choosing Your Investment Options,
About Adeline Yuboco
i agree, ..before you invest in anything make sure na gumawa ka muna ng mga research pala sure.thanks for sharing this one.. i really like it!!
Thanks Axl! Glad you did.
Twitter: dimaks
says:
I am not into investments so this is surely an eye opener. As far as I know, one should be aware of investment security and such. And that there should always be a back-up plan or what people popularly call as the Plan B or something like that.
That’s true. With things so unpredictable these days, it’s a good idea to always have some form of back up plan.
it is best to know and much better if you will research more about the investment you want to get in, ask people who are in it, know the pros and cons before deciding.
Twitter: mai_eaflores
says:
I would have to agree on this. I too have been looking into several investment options. One thing that was pitched to me was to invest in an insurance company. Well, I’m still looking into that.
VUL insurance is one of the most popular investment options there is out there today. I personally have one already. So far so good. But yes, weigh the options first, especially with the company that you’ll be going with in case you do decide that this is the right one for you.
Twitter: bxunet
says:
Research and laid a detailed plan before pushing everything. Failure should not be an option. A lot of people failed because they tend to rush things out
That is so true, Herbert. It really pays to take your time and weigh things out and not just get too carried away by the numbers and then ending up getting burned in the end.
Twitter: learnit2earnit
says:
There are a couple of important lessons you share here Adeline. 1) Be sure you know where you are investing your money; if using a financial broker, check them out completely, get references and read everything about any accounts you plan on setting up. 2) What works for one person may not work for you, that is a very important lesson. Too many people rush to buy that stock or investment just because they hear everyone else is. It might not be a good investment for your situation.
P.S. Please check your CommentLuv as it is not working, thanks!
Thanks so much for pointing that out Lynn. I just recently upgraded to WP 3.4 so that might be the reason. I’m looking into it right now.
Yes, researching should also extend towards the financial broker that is offering you the investment options. A lot of people have gotten burned simply because they placed too much trust on the person without doing some kind of background check.
Research again is key. Have sufficient knowledge for better decision-making and less stress and anxiety. And know your priorities (this ties with knowing yourself). And I’m a proponent of paying oneself first. Think of the long run, think of retirement funds and such.
Be sure to check out Felicia Gopaul’s most recent post…018 Career100- Becoming an Economist- An Interview with Jesse Johnson
This is a very wise advise that ‘only invest your extra funds’. This will avoid us become bankrupt if ever the business fails.
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Twitter: tauyanm
says:
this is a very good tip dear! in my age now I’m 23 i bought a house already and my goal is to buy another every year. so some other investments in the future if I could so then i won’t have any problem when i go old and for my kids future also! xx
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You’re definitely on the right track, Jane. Keep it up! Thanks for dropping by.
Investment alternatives based on the persons risk appetite and it’s good to use only excess funds to keep an objective mind in making investment decision.
Be sure to check out Franc Ramon’s most recent post…The Zombie Journals: Outbreak BGC
Quite right, Franc. That’s another danger when it comes to investing. Often, when people start seeing their initial investment growing, some tend to become cocky, and just start investing and investing without the same amount of caution as they had when they first started. It’s really important to really sure to be disciplined about it.
Thanks for dropping by!
You have keep you emotion in check and make objective decisions on deciding on your portfolio. It’s also important to read the market and be updated with current events.
That’s so true, Franc. Impulse buying plus a credit card can really spell disaster.
one thing I know for investment is invest only what you afford to loose, or invest only extra money you have but investing is so much fun if it really returns tripple
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I agree with you, Chris, especially when you start seeing your investment growing. Love those zeros starting to add to the right of the original amount of your investment.
Nice tips. I’m really very critical on investing. It takes a lot of thinking before I leave my moolah in anything or to anyone.
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Yes, Rizza, we should really be careful when we look into our options before we go out and invest our hard-earned money. Of course, there is a balance to be struck. Sometimes, being overly critical can also cause you to miss a good time to invest.
Thanks so much for dropping by.
Nowadays, its really important to be very careful. Before making any final decision, learn first from people who got the first hand experiences. We should always be very wise thinking about our hard-earned money.
I totally agree. Before doing anything, evaluate yourself, know your limitations and what you really need. Then make a research and also surveys then gather them and plan and implement. But never risk your money, make sure what you are using are the extra savings.
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Twitter: ronniedare
says:
I always do my research, ask my friends or family about any investment I am thinking about. This helps me out a lot in terms of deciding whether to invest or not.
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Good read. and the question is what to invest next. guess it’s back to researching more and more options to increase funds.
Thanks for dropping by, Chef Jasper! I’m writing a post to answer that question. Hope you can drop by again and find the answer.
Twitter: merlmd
says:
I invested in insurances but encashed them all because I needed the money. This I think is one of the safest way of investing although the interest is not much bigger than the one in the bank. Bank investments are okay too. I draw the line on on-line investments which I personally feel is unethical.
I am currently researching on where to invest my little savings and I’m being careful not to waste my hard-earned money.
Thank you for this post.
Actually, I am having second thoughts
of joining an prospective online income
opportunity but you are RIGHT…
A lot of factors have to be considered
before investing.
Invest your extra funds. Yes, that is correct. But you need some survey/studies in investing. Advantage and Disadvantage on a particular product/properties you are going to invest.
My risk appetite is low that is why I choose Bonds in my Mutual Fund. However, when it comes to producing events my risk appetite is high and that is why the lesson here is you must know what are you investing in to ensure the highest probability of growth
Same here, Orly. I invested on a few mutual and balanced funds. Although stocks can reap more financial rewards, my risk appetite for that is low. Yes, it’s really important to really look into each investment opportunity to see which ones would work best for you.
Twitter: TeachersPen
says:
These are very helpful and practical tips! Investing should really be learned and studied like feasibility and the like. We need to invest a little on education (for us to learn the basics) and later on is our own business.
That’s so true, Robi. Taking time to learn as much as you can about different investment opportunities available will make you more prepared and less gullible.
Twitter: iamjevelme
says:
Putting an investment is just like putting yourself in a risky situation. You need to take any challenges and acept the fact and do your best to make it successful. But of course you need to make sure that you will benefit from it.
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I agree. There is always a bit of riskinvolved when it comes to investing. You can lower it by getting advice from a good and reputable financial adviser and really sit down and take time to study both sides of whatever investment option that might interest you.
whew.. I plan to invest my money at the age of 25.. perhaps in financial plans.. then to the business.. then to stocks.. oh well.. that many. I dont know how will I do it being that age.. but I just believe.
Having a plan is always a good first step towards financial success. You can probably start setting aside some cash each month for it even now so that by the time you hit your target age, you’ll have some funds to start working on. I’m pretty sure that as you go along, things will become clearer on how you’ll do it when that time comes. Good luck!
Thank you for this very informative post. indeed when starting a new business, we need to take time researching the possible benefits of our investments. money is important when investing and can lead to success if planned properly.
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You’re very welcome, Mel!
Setting aside a part of one’s monthly income will ensure that one will eventually have the seed money to invest. It is difficult to produce any amount without ample preparation.
That’s a really great suggestion, Tere! Yes, even if you set aside a bit each month, it would definitely add up inthe end. Thanks so much for sharing that.
Twitter: mishidems
says:
After paying off college debts and graduating, I thought of investing in an insurance for me and my brother :3
I have to know my options first though. Thank you for the insight
Twitter: merlmd
says:
this is something I need to learn…investing. If I have enough money I will surely use it to invest in something.
Thanks for dropping by, Maritel. You can try going to some of those investment seminars to learn more about them. I usually post a few here that you might be interested in. Do drop by every now and then to check them out.
Twitter: NezMercader
says:
Thanks for sharing this. I honestly dont know yet on what to get as an investment. Will definitely take note of your tips.
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It’s appropriate time to make some plans for the future and it is time to be happy. I’ve read this
post and if I could I wish to suggest you few interesting things or tips.
Perhaps you could write next articles referring to this article.
I want to read more things about it!