Investing early is one of the smartest financial decisions you can make. If you start as soon as you have income to spare, you can harness the power of compounding, where your earnings generate their own earnings over time. This approach can lead to substantial long-term growth and help you build a diverse, lucrative investment portfolio that supports your long-term financial goals.
However, though the benefits of investing as soon as you can are undeniable, it’s likewise impossible to overstate the importance of vetting potential investments. The proliferation of investment scams makes it crucial to conduct thorough research before purchasing any investment product. This prudent practice also ensures that your portfolio remains robust and well-aligned with both your financial objectives and personal risk tolerance.
In this context, progressive financial institutions like digital banks have begun leading the rest of the financial industry in terms of the quality of the investment products and services they provide. We at Maya, a well-trusted digital bank Philippine users trust, are more than happy to accompany you on these crucial first steps of your investment journey. In this article, we’ll walk you through some legitimate and reliable investments Filipinos can consider to secure their financial future.
Time Deposits
Time deposits are regarded as among the most straightforward investment options and offer a safe and predictable way to grow your savings. They provide guaranteed returns over a predetermined term, which makes them an attractive option for conservative investors. A time deposit account’s interest rate is fixed, which means that it’s unaffected by market fluctuations and will instead grow your money steadily over the course of your chosen term. While you won’t be able to withdraw the money in your time deposit early, the tradeoff is that you’ll know exactly how much you can expect to get when the term is fully elapsed.
Maya Time Deposit Plus is an especially attractive option if you’re considering investing in a time deposit. With a competitive interest rate of up to 6% p.a. monthly, flexible terms, and minimal cancellation fees, this product is designed to maximize your savings with little to no hassle. Managing your time deposit through the Maya digital banking app is highly convenient, as it allows you to easily transfer funds from various banks and e-wallets. Moreover, Maya is regulated by the Bangko Sentral ng Pilipinas and deposits are insured up to PHP 500,000 per deposit by the Philippine Deposit Insurance Corporation.
High-Yield Savings Accounts
High-yield savings accounts are practical for investors seeking a low-risk, highly liquid option that still promises some returns. These accounts provide higher interest rates compared to regular savings accounts, so your money can grow steadily over time while remaining easily accessible for withdrawals. You’ll typically find them at your chosen digital bank, as these institutions often channel the substantial savings they earn from not maintaining physical branches into more lucrative offerings for their customers.
Those looking to maximize their savings with a high-interest account will definitely find that Maya Savings supports Maya’s status as the best digital bank in the Philippines. It offers a base daily interest rate of 3.5% per annum, which you can boost up to 15% per annum daily by performing everyday transactions like buying airtime load, paying bills, and using Maya Wallet or Maya Easy Credit to pay for online and in-store transactions via QR Ph, Pay with Maya, or payment cards. With seamless fund transfers, no maintaining balance, and easy management through the Maya app, Maya Savings is by far one of the most convenient and lucrative options around.
Stocks
Diving into the stock market can be an exhilarating and rewarding experience. An investment in stocks at a particular company allows you to own a piece of that company and benefit from its growth and profitability. The Philippine Stock Exchange (PSE) offers a range of opportunities for investors willing to navigate its inherent risks, which may include market volatility and potential loss of principal. The potential high returns of such investments can be more than enough to offset these risks, however, provided you conduct thorough research or seek professional advice to make informed decisions.
We also offer the easiest way to get started on your investment journey and immerse yourself in the world of stocks. With Maya, you can easily cash in to your stock broker account in real time to trade stocks in the Philippine Stock Exchange. Choose between Philstocks and 2TradeAsia and start trading from your app today.
Bonds
Bonds are a viable option for those seeking a more stable investment than stocks. Bonds essentially involve lending money to governments or corporations. In exchange, you receive regular interest payments and, upon maturity, get back your initial investment. This makes them a fairly predictable and reliable source of income that conservative investors will likely appreciate.
Mutual Funds
Mutual funds offer a collaborative approach to investing by pooling money from various investors to create a diversified portfolio. Under the supervision of professional fund managers, these funds invest in a mix of stocks, bonds, or other securities in the interest of achieving specific financial goals. Professional management and natural diversification can mitigate risk and provide a balanced return, so mutual funds are often an attractive option for investors seeking a hands-off approach.
With Maya, you can be an instant investor for as low as PHP 50. Choose from 13 local and global funds as managed by ATRAM and BPI Investments, Inc.
Real Estate
Investing in real estate can be a lucrative endeavor, as you have the opportunity to both earn rental income and to benefit from the value of the property appreciation over time. Whether you purchase property directly or invest in real estate investment trusts (REITs), real estate functions as a tangible asset whose value is only likely to grow. For those looking to enter the market with lower capital, REITs open up a way to invest in income-generating properties without having to manage physical real estate.
Cooperative Investments
Cooperative investments combine financial growth with community development. In essence, cooperatives pool their resources so that members can invest in various business ventures, from agriculture to retail, and share in the profits. This collective approach provides stability and encourages economic growth within the community, which can make cooperative investments particularly appealing to socially responsible investors. They’re a practical way for you to support a community’s developing economy while also benefiting financially.
Exploring a variety of legitimate investment options can help you build a well-rounded portfolio that meets your financial goals—and, eventually, achieve both growth and security. To take advantage of the many fruitful opportunities available to you as an investor, consider banking with Maya, where innovative investment products and expert financial advice are readily available.
