if we already have a savings which is equivalent to the total expenses in 6 to 8 months, is it a good idea to buy shares of stocks like that of petron as well as invest to properties like condominium, land? goal in mind is to have own business and later on have our house. thank you very much.
Guita of Colayco Foundation:
The savings of 6-8 months’ worth of income is for cash reserves – it is a big emergency fund. This is best placed in either a time deposit or a mutual fund (when the market is good).
As for investing further, yes it is a good idea. Consider mutual funds first as stocks and land require more research, knowledge and skill to effectively earn from. Make a plan – with specific and realistic goals and timetable for achieving it. Our book the Pera Palaguin Workbook can help you in this.
Joining our upcoming workshop on Aug 4 would also be very beneficial.
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Aug 4 (Saturday), 1-5pm Pera Mo Palaguin Mo Workshop
Sept 1 (Saturday), 9am-12nn InvestAbility: Stock Market
Sept 1 (Saturday), 2-5pm InvestEd: Analyzing Stocks
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