Investment 101: Know Your Investment Goal
It is important to know where you will be using your money in the future, First Grade Finance Inc. managing director Astro del Castillo said.
“Whenever I talk to an audience not familiar with financial markets, tinatanong natin kung ano ang investment goal nila before going to any form of investment,” he said.
Do you plan to have an extra source of income? Do you plan to buy a car or a house in a few years’ time? Or are you saving up for retirement?
Because knowing your goals will help you choose which form of investment you need – whether that’s the stock market, time deposit, insurance or fixed-rate instruments, del Castillo said.
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