What Investment is Right for You?

What Investment is Right for You? Many readers have been asking this question that is why I decided to create a post and share my views here.

What investment is right and best for me? I’m aggressive and want to invest long term, do you think I’ll be successful with stocks? Do you think Mutual Fund is better than stocks? What about UITF or ETF? And many more related questions…

What Investment is Right for You?

A simple question with simple ways to answer, too. You’ll be able to know the answers if you know these 3 things:

  1. Your Financial Status
  2. Your Risk Tolerance
  3. Your Goal or Objective

Before I tell you why, let me remind you that only YOU can answer that question. Not your broker, not your fund manager, not your banker, not your adviser, not Beyonce and not me, Because only YOU know those 3 things and you cannot lie to YOU. 🙂

1. Financial Status

Know and assess your Financial Status. How old are you and what have you reached so far?

Are you financially stable already?

Perhaps you’re single and earning 30K a month and happy about it.

Maybe you’re married and you have a family already and looking forward for happy and satisfied retirement.

Or maybe you’re 25 and already earning 6-figure income because you learned these things at 21.

Or maybe you just got your first job and wanting to be independent, travel the world and be financially free.

Why should you evaluate your financial status? Because opening investments requires money and you must have other source of income other than investments.

There is never a certainty with investments so you must have other ‘backups’ in case you lost some.

It will help you decide how much you can afford to invest in your status right now.

2. Risk Tolerance

Know and evaluate your Risk Tolerance. How much risk are you willing to take? Are you conservative or aggressive?

Are you brave enough to see the market crash and lose some money?

Perhaps, you can sleep soundly at night without worrying about how the market could go or maybe you are already happy and contented with the gains you get from time deposits.

Why should you know your risk tolerance? Because sometimes you have to lose some before you gain some.

3. Goal or Objective

Have a Goal or Objective. It is your mission, the finished product, the end result of your investment.

Do not say, “my goal is long term.”

Have a target. Know your number.

Say “my goal is 10 years and I must have 10 million pesos or more.”

Maybe it’s only 3 years and you’re going to use the money for a new business.

Why should you have a goal? Because you’re already lost without it.

You make investments because you want more money and you want to work less, quit your job early, do your passion, travel with your loved ones or family, help others, and cross out your bucket list.

Happy investing, everyone!

About Fehl Dungo

Founder of DailyPik, entrepreneur, and tech investor. She has a Degree in Accountancy and background in Finance. She analyzes stocks everyday. Copy her trades on eToro Connect with Fehl on Facebook

16 thoughts on “What Investment is Right for You?”

    • Hi Deborah 🙂 I must say monthly or regular investing with a long term horizon is one of the best strategies in investing because it’s a time-tested and effective strategy. If you’ll invest for long term, make sure you carefully choose the best companies suited to grow for long term. Invest monthly until you reached your target years.

      Reply
    • Depending on the type of investment you put your 1 million and the performance of that fund. Equity funds are typically 20% or higher. Some even reached 50% and higher during the prime period when the market went up. Consider the market status when you open your investments so you can expect great returns

      Reply
  1. ano po ang investment sa COl na mababa ang starting tapos ako yung bahalang magdecide if I will buy or sell sa market. yung hindi fix yung date at amount ng pagbili.

    thanks

    Reply
  2. I guess everyone at the banks added 2 days to the holiday, or they just decided not to post Fridays UITF’s? It is a work day Here in America…The Roman Empire fell because of too many holidays…Did I miss something?

    Reply
  3. Hello 🙂 .. New Young Professional here. I just started my career and earning a small amount. anong company po ba ang magandang mag invest? diba po may mga company naman na they offer a small amount of investment? I really wanted to invest but I don’t know how and where to start. I hope you can help me Ma’am. 🙂

    Reply
    • For beginners, I recommend getting to know first about the investment you are interested about like Mutual Funds, UITF, ETF, stocks… Then you’ll know which one suited your risk tolerance, status and goal. Once you know it, open an account and add up more investments. All investmemts mentioned are maganda naman 🙂

      Reply
  4. mag start pa lang ako and wala ako mxadong alam regarding this. anong mas magandang mag invest ng money. i dont have so much money to invest want ko sana mag start muna s maliit… pls help me thanks

    Reply
  5. ok thanks Fehl, Aggressive long term means kailangan tutukan everyday ang stock market, and then buy and sell if needed and consistent mo dapat tong ginagawa long term like for me long term is 20 years? sorry kung marami me question, sobrang interested ako and very nice ang dailypik.com website sa mga beginners and matagal ng nagiinvest. Thank you.

    Reply
  6. Hi,

    Sa experience nyo po, ano mas nagearn na portfolio? conservative long term, aggressive long term?

    Thanks po, newbie here.
    Rb

    Reply

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