Investing in Philippines: Mutual Fund Philippines

SEARCH INVESTING IN PHILIPPINES

Showing posts with label Mutual Fund Philippines. Show all posts
Showing posts with label Mutual Fund Philippines. Show all posts

Friday, April 13, 2012

Are you still tied to investing to bank accounts?

The old savings passbook
source: http://www.ephemeraology.com

Are you still tied to investing to bank accounts?

I want to make things clear first, banks are good place to save up.

Philippine peso
source: http://investmentsko.com
But at these times savings is not enough. Inflation keeps on eating up the interest banks give. You got to find other places to put your hard earned cash while you have no concrete business to put it into. Time deposits are okay but comparing the interest you get there are better investments where you can put it. But be also careful, I know there are some get quick returns schemes out there that you might have heard from a friend, from a flier, or even somebody who just emailed you telling you that you can earn a lot if you put your money in their company. So be on your guard and don't be scammed.
Photobucket

Chitika