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I have the money, now what shall I do with it?

artsky · 75 · 17420

artsky

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Hi guys,

After all these years of being employed, I have managed to earn more than I need so in other words, naiipon lang sa savings account ng ATM ko yung pera ko and it just sits there.

Initially, I wanted to get a bnew car but, I know it isn't a good investment so I'm holding it off. A thought came into mind that, if I really wanted my own bnew car (or other material things), I should invest the money first, then kung ano yung tutubuin nun, that would fuel my "wants".

I wanted to learn investing and have read a couple of books about finances. Now, I wanted to put those into action but dont know where to start.
Btw, i am going 42yo so I really need to prepare for my retirement as soon as possible.

Need some good advices. Thanks guys!

« Last Edit: Mar 02, 2010, 07:23 AM by artsky »


mlangseth

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Reply #1 on: Mar 02, 2010, 09:06 AM
good advice from me:
1. No rural banks.
2. No DYM from any person, do not invest on things that you do not know
3. small business is ok as long as you are the one handling it (hands on)
4. Mutual Funds with good track record
5. goverment bonds is ok
6. no car unless you have a few millions in the bank
7. Live below your means if you want to stretch your money.
8. Enjoy a simple life..do not keep up with the Joneses.
Now you will retire better than the rest of the PMT members....take it from me..
« Last Edit: Mar 02, 2010, 09:08 AM by mlangseth »


artsky

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Reply #2 on: Mar 02, 2010, 09:15 AM
:thankyou: for those advices mlangseth


brownie

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Reply #3 on: Mar 02, 2010, 05:13 PM
Invest in your health, ie. exercise, good food, rest. Di mo maenjoy yan pag magkasakit kayo.


brixxx214

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Reply #4 on: Mar 03, 2010, 10:00 PM
what is your goal?  what is your risk appetite?

Donate to the poor? Hehhehe....

Anyways, I think you should invest it...but be careful and study well where to invest that money...be careful with those the promises extraordinary ROI, they are fraud.


mitsurugi

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Reply #5 on: Mar 04, 2010, 01:43 AM
Do business regarding food if you are open to it. It's one sure thing IF you can manage to get the market's taste. :cool2:


smilebydesign

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Reply #6 on: Mar 04, 2010, 08:18 AM
Teka, teka, teka...how much are we talking about anyway?


artsky

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Reply #7 on: Mar 04, 2010, 12:09 PM
>300k po and counting hehe


ferrariEverest

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Reply #8 on: Mar 04, 2010, 12:27 PM
mlangseth,
thanks for sharing  :rakenrol:



artsky,
Good luck!
dont forget to thank God & share your blessings  :applause:


dinaren

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Reply #9 on: Mar 04, 2010, 02:43 PM
a beautiful thread. keep it coming guys :cool2:


ric_TNT

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Reply #10 on: Mar 04, 2010, 07:22 PM

>300k po and counting hehe


Ako 4.5M petots! (sounds familiar di po ba?)


artsky

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Reply #11 on: Mar 05, 2010, 07:06 AM
wow! 4.5M! wish I had that much  :D


bettingstation

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Reply #12 on: Mar 05, 2010, 07:27 AM
Invest on Star Games Bingo Ltd with the project of bingomillions

5pesos win 2million pesos...

Growing Sales as of now... and Increasing Jackpot


freefront

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Reply #13 on: Mar 07, 2010, 01:48 AM
Go find the financial pyramid :D. It Works universally. Learn Asset allocation and diversification. I think it says, get insured first. Then put in at least 8 mos. worth of your salary for emergency spending,then invest in gov't securities to get your feet wet and still protect your capital , then onwards to mutual funds... the upper part being futures and commodities trading and gold transactions.

Ihagis mo dyan ang tithing or giving, balance with family life and other aspects of your life and you will arrive nowhere because, life is a journey daw, as is the goal of being wealthy.

Ayoko lang ng living below your means. Sure, i can live without aksaya, but I will not deprive myself too much that I would be walking around like I had a bad case of constipation. This life is not a rehearsal. This is it! Live within your means and be jolly while doing it.


artsky

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Reply #14 on: Mar 07, 2010, 08:29 AM
got a good advice from another thread here. im posting it below:


Saving is one thing...but doing what with it is another thing. If your planning to place this savings in a fixed income instrument...you may try this one.

1. Place 100K or 250K whichever you can afford in a 5 yr TD..to get the best rates..(interest free).
2. Do that for the next 4 years.
3. On the 6th year, your 1st investment will mature and can be ready for the best 5yr TD rates again.

This will help you get the best fixed income rates..and at the same time..provide you liquidity in case a need arises (coz there is one maturing every year).

Laddering daw tawag dito...similar to Cost Averaging sa stocks.

Wish I tried it long time ago..but its good for those peeps who are starting.

Plus don't forget to diversify. (thanks to Tops ) :D


 


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