Are you dreaming of having a business but still can’t afford to do it? Well, don’t worry. We’ve got some good news for you! It’s possible that you can be a co-owner of big businesses! And if you’re in the Philippines, there are reasons to rejoice. Your dream can easily come true if you have the eagerness and determination to really reach this goal of yours.
Are you excited to begin your journey to a more successful life? You don’t have to wait much longer!
We now present to you the ways and some advice to be a co-owner of big businesses, even if you’re not managing them. Here they are!
Save a percentage of your salary and invest in the stock market to be a co-owner of big businesses.
The percentage of your salary that you can save depends on your economic status. We are not forcing you to save say, 3o percent, of your salary when you are the breadwinner and if you have lots of loans and obligations to pay. The bills should be paid on time and your daily expenses must be totally taken into consideration before saving. What matters is that you will regularly save even a little amount to be able to invest in the stock market.
Don’t spend too much on things you just want but don’t really need.
Don’t spend money without thinking first if you really have to spend on some things which are not really that important. If you just want to upgrade your gadgets when your current ones are not yet that obsolete, or when you want to travel and you have to lend money to do it, well, don’t do it. Just do these things when you have loads of money to spare.
Decide to invest now and it’s gonna be one of the best decisions you can make in your life!
Saving in banks is a good thing to do, but investing in the stock market is better! And why not do both saving and investing? This will give you discipline to use your money wisely not just for your present but also for your future life. Investing can be pretty risky but then again, it is worth taking, especially if you can determine the best companies to invest in.
Avail of free seminars on stock investing.
The Philippine Stock Exchange regularly conducts free seminars in order to help Filipinos learn about financial literacy and different types of investment schemes. Attending the seminars will provide you with all the information you need to be able to invest wisely. You will learn about blue chip companies, the ones with successful, fruitful and reliable records. Imagine being a co-owner of big businesses without the hassles of really starting a business!
Aside from this, you will be taught when you should or should not buy stocks.
You will also be informed about the different types of investments and the kinds of stock investing which will best suit your personality. That’s important to learn because you will be able to know the options that are available for you.
Try investing in the Exchange Traded Funds (ETF) and be an instant co-owner of big businesses!
ETF is a new scheme which will allow you to be a co-owner of big businesses aside from mutual funds or Unit Investment Trust Fund (UITF).
According to the Philippine Stock Exchange, Inc. (PSEi) officer, ETF is a hybrid of mutual funds and stocks. It is traded at the PSEi and this will give you instant diversification and the privilege of buying stocks in blue chip companies.
It has a similarity with mutual funds and UITF because the funds are being managed by experts in the field of investments.
They will be the ones to track an index or a basket of assets for you. All you have to do is to constantly add money to your ETF account.
As of this writing, there’s only one ETF which you can avail of at the PSEi.
This is through the First Metro Equity Exchange Traded Fund (FM ETF) which is being implemented by the First Metro Securities Brokerage Corporation.
Earn by gaining dividends and through price appreciation.
Investing in stocks and ETF is easy but it entails hard work because you need to work hard and save money regularly to ensure continued addition of funds. This way, you’ll earn more. Your broker will email you once dividends have been added to your account. You will also earn by buying stocks at a low price and selling them when their prices are high. You may either manage your own accounts or let financial experts manage them for you.
Being a co-owner of big businesses is really possible!
It’s best if you make investing one of your priorities in life. By doing this, you’re geared towards creating a bright future with your loved ones. And don’t let go of your dream of setting up your own business someday. Aim for it also. Who knows, your future business may also become a blue chip company where people will love to invest in. So hold on to your dreams. Anything is possible if you work hard enough.