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RE: Should Your Long-term Savings be in Banks?
I am an investor of Mutual funds and Stock Market, and I am using COL Financial at the moment for both. Mutual Funds is one of the best financial vehicles especially for those who are new in longterm investments since experienced fund managers are the ones to pick the right stocks for us.
You are most welcome @orhem! What cooperative are you into at the moment by the way? And how much is the interest rate?
wow! we just recently opened an account with COL and still attending seminars to learn as a starter. I am still learning how it works. Its near in our place, the dividend depends of the income of the coop assets like grocery,water refilling stations, bakeries. They release it annually but so far I am happy with their interest rate with savings. I'll ask my husband how much is the rate, he's more into this kind of stuff than I am ahahah.
wow that is great! as long as that coop has a strong financial background, then I believe you are in the right hands. If you want to learn more about the Philippine Stock Market, I suggest you start reading Bro Bo Sanchez' "My Maid Invests in Stock Market and Why You Should Too". I find that book very helpful as I entered my journey in the Philstocks. He also included tutorials on how to navigate your COL account there. Happy Investing!
Yes I subscribe to Bo's newsletter and it's very helpful. I've heard a lot about the book and will certainly buy it. Thank you for the advise @smaeunabs. Appreciate it.
You are welcome @orhem :D I wish you all the best for your financial journey.
Here's a link to that free e-book:
http://www.asensofilipino.com/uploads/1/4/6/5/14653624/my_maid_invests_in_the_stock_market.pdf
Yey! You're so kind. Thank you for the good read E-book.