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MANILA, Philippines – “Don’t put all your eggs in one basket.” This language has often been spoken to us, and it has never become truer at this time when the economy is slowly opening up after the lockdown gradually eased since March.
The workforce and businesses are among the most affected by physical distancing at the site. Those who relied on their paychecks went through uncertainty, as they depend on their company’s performance amid the bear market, which according to Forbes lasted from March to August of this year.
Small, MSMEs and large companies have their survival stories. Of course, noteworthy is the rise of home-based F&B companies that used Instagram and Facebook a lot to sell their traditional recipes or trendy dishes like sushi bake and ube pandesal.
This is all very well, but did you know that there is something called “passive income”? Yes, it is possible to earn money continuously without breaking a sweat. All you need is time.
Radio personalities and “Boys Night Out” hosts Sam YG and Tony Toni attested that this has helped them become financially better off, even in times of uncertainty.
“We’re here to tell you how regular guys like us started investing and how we slowly and safely grew our money as the years went by,” shared Sam YG during the Equity and Bond Conference hosted by The Global Filipino Investor ( TGFI) for the last time. Weekend.
“It started in 2005 or 2006 when I was working for a multinational finance and insurance corporation. My bosses were very interested in the stock market. For a recent graduate like me, I see the stock market as a heavy word. My automatic notion was ‘Burn’. Kailangan mayaman ka for makapag-invest diyan. ‘It is a game for the rich. That was my first understanding in college, ”confessed Sam YG.
Rushing to make money
They both talked about their favorite “hustle”, which is their radio broadcast jobs, which initially paid meager amounts. Sam YG said he earned P8,500 a month, while Tony Toni earned P3,333. This was in the mid-2000s.
Sam YG also shared that aside from his misconception about the stock market, all he knew about saving money was advice from his parents, who told him to put his money in time deposit.
“If you want your money to grow, you need to learn how to invest. I want to use the word ‘learn’ because that’s what we want everyone to do: know what other investment instruments exist to grow their money, ”shared Sam YG.
Saving vs investing: which is better?
To show that there is more value in investing money than saving in a bank, he bought his first shares in 2007 with Ayala Land, which was then valued at P5. And from that moment he continued with his investments and said that he has not had great losses until today.
Aside from stocks, Tony Toni also invested in real estate, as he said he loves to travel. He has bought properties in Palawan and has partnered on some properties in Boracay. He admitted that some of his real estate investments, especially in Boracay, are heavily affected by the pandemic and the onslaught of successive typhoons that hit the country earlier this month.
Even if he had losses, Tony Toni admitted that it was a loss that he was willing to bear. Here’s some advice you can give to anyone who wants to invest: Invest in a market, product, or service that you believe in or use.
Tips for first-time investors
For those who are thinking about getting started with their investments, Sam YG and Tony Toni gave advice from their experience.
Every investor should know his appetite for risk, said Sam YG. This involves weighing up the level of risk an investor is willing to take before making an investment.
“I think the first thing to consider is your appetite for risk. For example, if you have a family that depends on you, you have a different risk factor. If you are single, your appetite for risk is greater because there are not so many people who can depend on you, ”he said.
After establishing the risk appetite, the duration of the investment should also be considered. Sam YG posed this question: Are you a day trader or are you a long-term trader? This is crucial as you have found over the years that you make higher profits when you decided to be a long-term trader.
“I put my money in different companies, stocks and shares. The ones I haven’t touched since I started years ago until today, none of them posted losses. The PSEi index hasn’t really gone down. Of course, there is a pandemic, but if you compare it to 2006, all those stocks that I bought, they still haven’t lost. “
Sam YG continued, “Will I be dating him in just three months? Will I go out with bridal gear or is it the wedding? Short, medium or long term? “
He stressed that the longer the term of the instrument in which you decide to invest, the lower the risk.
The third factor should be to practice due diligence: do your own research. Tony Toni emphasized this several times during his session. He stressed that one should not believe the “hype” of friends or family that might encourage or influence one to invest in a particular property or stocks.
Instead, check reputable sources of information because there is a great deal of information on the Internet. One example is TGFI, whose website (tgfiph.com) is regularly updated with news on stocks, bonds, and relevant articles on how to grow money.
“You really have to do your due diligence. At the end of the day, it’s your money. You worked for it, so it should be you who should learn. You cannot blame your barkada or your parents unless you are paying a real financial advisor. But at the end of the day, it is your choice. You win on profits, you lose on losses, ”said Sam YG.
Tony Toni’s hope is that people start early. “If you haven’t, it’s never too late.”
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