How to Start Investing for Students and Beginners Philippines (GROW MONEY) | Personal Finance 2021

We'll talk about how to start investing for beginners and students! As with all of my videos, we'll begin with some key ideas to help make the important investing decisions. Afterwards, we'll run through the details of most of the traditional and non traditional investing options that are available out there. This is a personal finance guide 2020. I've divided personal finance into a four part framework of Budget Money, Save Money, Make Money, and Grow Money. This video covers Growing Money, where you'll learn steps you can easily take to start making your money work for you. 📌Key Ideas 1️⃣Unlimited Options You won't run out of possible investments, but you can run out of money if you invest carelessly. In order to make the best possible decision, strive to define your own financial goals first. Your investing decisions will mostly depend on the goals that you set for yourself. 2️⃣Time, Risk, and Return Time: Short term goals are usually best paired up with low-risk investments, while long term goals can If you're going to be needing your money in a short period of time, it's best to stay out of riskier investments. Risk: There are risks that come with every form of investment. While it's tempting to chase investments that give you large gains, be mindful of the greater risks associated with these. If something seems like it's too good to be true, it probably isn't! Return: The rate of return of an investment is usually dependent on the time you'll be invested, as well as the risks that come with the investment. 3️⃣Compound Interest Explained Compound interest is one of the simplest yet most powerful concept in personal finance. It's what allows you to grow your money at a much faster rate. The money that you invest earns you interest, which earns you more interest. Over time, the interest you earn keeps growing 🤯 4️⃣Diversification Don't put all your eggs in one basket, friends! Manage your risk through diversification, so if one of your investments happen to go down, you'll still have other investments to rely on! 5️⃣Peso Cost-Averaging No one can predict whether the market will go up or down. To put it simply, you won't be able to time the market. The best thing you can do is to buy consistently regardless of the price and over time, the price will average out. Starting to invest with little money can be discouraging, but staying consistent will eventually pay off! 📌Traditional Investments 1️⃣Savings, Time Deposits, Money Market Funds These are still a form of an investment even though they give lower rates of return. Opt to put your emergency fund and short-term goal funds into these accounts. 2️⃣Pag-IBIG The Pag-IBIG MP2 is an additional savings account that's offered to active members to provide more ways to grow their money. This is a tax-free government-backed investment with higher rates than the regular account. ➜ How to register: https://www.filipiknow.net/pag-ibig-o... 3️⃣Bonds Bonds are debt-instruments. There are two types: (1) Government-issued bonds, and (2) Corporate-issued bonds. Government bonds are relatively safer than corporate bonds. 4️⃣Stocks Investing in stocks allows you to own shares of a company. ➜ GoTrade (Mobile App): Invest in US Stocks and ETFs for as low as $1 - by invite only (referral code: 157655) https://www.heygotrade.com/ 5️⃣Mutual Funds vs UITFs These are pooled funds with fund managers who make investing decisions on your behalf. 📌Alternative Investments 1️⃣Starting a Business 2️⃣P2P Lending Platforms There aren't a lot available locally and they're quite the risky investment. 3️⃣Crowdfunding Platforms ➜ FarmOn https://community.farmon.ph/ ➜ Cropital https://www.cropital.com/ ➜ SeedIn https://www.seedinph.tech/register?re... 4️⃣Cryptocurrencies Investing in cryptocurrencies borders on speculation. There have been so many exciting projects and developments in the crypto space. As long as you understand what you're investing in, strap in for a rewarding learning experience. 📌Links: ➜ Emergency Fund Calculator (u/Michael Ignacio): https://ef-calc.now.sh/ ➜ Reddit r/phinvest -   / faq   ➜ Reddit r/personalfinance   / teachme     / tools   🍞 Get BreadFam Merch: https://bit.ly/shopbreadfam 💵 FREE CASH FOR YOU ➜ Shopback: Get rebates when you shop online and PHP100 when you sign up with my link http://bit.ly/nicoleshopback ➜ GCash: Get PHP 70 worth of freebies when you sign up at https://bit.ly/2ZyrLWy and verify your account ➜ PayMaya: Get Php100 when enter 2Y817PZMN84O as invite code or sign up at https://bit.ly/2ZzVjTs and verify your account TIMESTAMPS 00:00 Intro, Featured Comments 01:13 Overview 02:13 Level 2: Key Ideas 05:51 Level 2: Traditional Investments 12:28 Level 2: Alternative Investments 14:55 Outro How to Start Investing for Students and Beginners (GROW MONEY) | Personal Finance Philippines 2020