Last Saturday, June 30, Bry and I were fortunate enough to be invited by a good friend to attend the first series of the Pesos and Sense seminars conducted by investment advocate Mr. Aya Laraya. With more than two decades worth of experience in the financial industry, he now shares his knowledge with fellow Filipinos as to how to start with investing their funds. Their group started with a TV show at GMA news channel and is now expanding through social media, seminars and the like. It took a lot of preparation for us to attend since I had to leave Ben behind and Bry had to take a day off from the office but it was time well spent. We really learned a lot about handling our finances. Here are the highlights
|photo with Mr. Aya Laraya: first impression, he's an advocate in the truest sense of the|
word. You can see how sincere he is in helping Filipinos become more knowledgeable about investing
Begin with the end in mind
What is your end goal? A good question would be when do you want to retire and how much should you be saving regularly so that you can enjoy your current lifestyle even when you're not working anymore. Setting a specific goal helps you gauge properly if you are investing your money correctly. If not, you'll always find yourself comparing with someone who earns higher or lower than you without really knowing why.
Take inflation into consideration
When thinking about where to place your funds, keep in mind that because of the inflation, your P1000 right now will not allow you to buy the same things a year from now. So make sure your money is growing at a higher rate to fight inflation.
Research to find the best type of investment for you
There's no kind of investment that best fits everyone. Some are riskier but can yield better returns. Aya discussed the advantages and disadvantages of each type of investment and encourages us to do further research so we can decide for ourselves which best fits our lifestyle.
For more information about the series of seminars, please contact . The next seminar will be on July 21 2-5pm at the Tektite Towers in Ortigas, Pasig. It will surely be worth your while. For more information please contact 4302237, email firstname.lastname@example.org, or visit their Facebook fanpage here .