Are you a newbie with investments? In this post, I’m going to share about my first investment and tips for beginners on investing stocks and other financial investments involving stocks like mutual funds and trust funds in equities.
To be honest, when I first discovered about how to be multi-millionaire by investing stocks, I was like “OMG, I wish I knew this sooner.”
It made me so excited although the stock market and all of these investment stuff are too overwhelming.
So when I heard about earning millions of pesos by investing in the stock market and mutual funds, I was really stoked to get to know about them more. I knew there are reasons why they always mention Trust Funds by the rich and the elite characters from “Gossip Girl.” I knew there are reasons why the heirs and heiress from that Korean series, “The Heirs” always check out their stock portfolios on their big mobile phones. I knew I had to know more and I had to ask real people who are involved with same investments.
Everything started when I discovered about SDA (Special Deposit Accounts) from someone who works at the head office of a big bank in Makati. SDA were usually for millionaires or high networth individuals. If you have 1 million for example, you could place it an SDA instead of time deposit or savings account, you could get around 2.5% up to 3.5% gains in just a month. What more if you let your money stay there for many months, you can, for sure be getting more money while you sleep. That is actually what the very wealthy people have been doing. Some place their 100 million on SDA.
At that time, there was still SDA but the BSP (Bangko Sentral ng Pilipinas) killed them a bit recently. Although not entirely, there are still SDA to some funds like money market funds. Since SDA were not hundred-percent available, investors and bank clients rely on UIhttps://philpad.com/tag/uitf/TF instead.
After studying and learning about stocks, mutual funds and trust funds, I’ve finally come to a decision to open UITF since the biggest thing I’ve learned was TIME IS MONEY. I knew I could let my money roll and grow higher by investing in equity funds since they involve more with stocks. While I still study and and while I get to know more about investing directly in the stock market, at least I have already something that is already earning effortlessly.
After few months, I opened an online trading account and started to buy stocks directly in the stock market.
At this point, there is no stop to invest another more. I also opened a Mutual Fund and as usual I will share here my experience and review.
Tips for Beginners on Investing Stocks
- Invest basic knowledge first before you open your investments. No worries, you can read our stocks, mutual funds and UITF posts. They will guide you easily.
- Prepare the requirements you need before you invest
- Start with either Mutual Funds in Equity or UITF in Equity because these investments don’t require expertise or skills in monitoring the market. You already have experts who manage your funds for you. All you need to do is open an account and live like a queen. You earn money while you sleep.
- Complete this pack and open an account one at a time: Mutual Fund + UITF + Stocks
- Invest directly in the stock market and become a multi-millionaire.
It is very important to open different investments and not focus on one alone because investments have risks. Diversification is always best because we should never put all our eggs in one basket.
UITF Investments I recommend:
Because of their impressive growth and fund performance, I recommend the following UITFs:
Mutual Funds I recommend:
These investments are one of the best mutual funds in the country.
Stocks that I recommend:
The following are the top 6 stocks I invest in the stock market (as of now). You can also invest with these companies since they are giant companies and will be here for a very long time.
- Jollibee Foods Corp. (JFC)
- SM Investments (SM)
- Banco de Oro (BDO)
- Metrobank (MBT)
- Ayala Land Inc. (ALI)
- SM Prime Holdings (SMPH)
The performances of the funds and stocks that I mentioned have been impressive for the past months and years. Remember what I told you, invest one at a time while you add more investments. Work while you enjoy your passions and be happy.
Disclaimer: Investments have risks that is why you need to learn about them before you invest. Choosing the right company and strategies will help you gain money so much but there are no guarantees you will gain all the time.