People say there are only two (2) seasons in the Philippines; the summer season and the rainy season. And right now, we’re on the verge of saying “bye-bye” to summer and “hello” to rain. That is why it feels appropriate to start the month with this thought – Investing for a rainy day.
You always hear the saying “save it for a rainy day”. What does this mean? A common translation for this quote is to set aside money for emergencies like hospitalization. But what if the money you’ve saved might not be enough?
The best way to help you grow your money and make it work for you in the future is through investing.
Most people don’t seem to realize that investments offer a lot of benefits. That’s because all they see are the risks. And yes, investments do involve risks – but doesn’t everything else in life?
Investment Benefit #1: Income that possibly beats inflation
Some investment products offer higher potential return that beat inflation which means that not only does your money fare better with today's prices but it even outgrows whatever it is you first intended to save up for. This also means that in case of unforeseen situations, where the money you intended to set aside for emergencies comes up short, the interest you earned from investing might help you cover it.
Investment Benefit #2: The longer you keep it, the more chances of gain
As they say, it’s time in the market, not timing the market. Your investments will work more efficiently if you invest for the long term. By investing now and keeping it invested for several years, your money will be able to take advantage of the opportunities available in the financial markets in the long run.
Investment Benefit #3: Make your money work for you
Investing is another way of earning without so much as lifting a finger for your money. You can get extra income from your investments while you leave them to earn interest for themselves. No sweat!
Now that the rainy days are here, this is something that ought to be thought about.
These benefits are just some things you will be thankful for having when your rainy day comes. So who wants to just save for it now? Make your rainy days brighter by investing instead.
To know more about BPI investment products and services, click here.
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