A good investment in the Philippines for students? Today we’re looking at 5 powerful and good investments in the Philippines for students. Suppose you are wondering where I can invest my money as a student in the Philippines….
In that case, this article will cover all you need to know about investing your pesos and cover five simple but effective tips to remember when investing as a student.
Before looking at some of the best investments for students in the Philippines, it’s always essential to manage risk appropriately and always speak to an independent financial advisor before investing.
Table of Contents
Where Can I Invest My Money As A Student Philippines?
Currently, cryptocurrency is one of the hottest passive income sources globally, and it is indeed a very lucrative investment. This may be a very good investment in the Philippines for students because even though it is a high risk, it has been shown historically to be one of the highest returns of investments across all markets.
There is so much more to cryptocurrency than merely buying and selling crypto. For example, you could farm-specific cryptocurrencies and even become a cryptocurrency loan provider.
Even though cryptocurrency is one of the best investments for students in the Philippines, it is also extremely high risk. Because of this high risk, the returns are sometimes very high. It’s important to remember when investing in cryptocurrency as a student in the Philippines not to gamble. There is a very fine line between gambling and investing.
For more information on cryptocurrency, you can visit our recent article covering cryptocurrency staking or look through our YouTube channel to cover different cryptocurrency investments for students in the Philippines.
Mutual funds are also another very hot and popular topic. Mutual funds make a good investment in the Philippines for students because mutual funds are managed by a professional fund manager, meaning that mutual funds can be a great source of passive income for students in the Philippines.
Mutual funds are essentially a mixture of different types of stocks in the stock market. They can also be made up of other assets, but to keep it simple, imagine your investment split between 10 stocks that come together to make up one mutual fund. Of course, this is not always the case, but it allows you to visualize simpler.
When looking at where I can invest my money as a student in the Philippines, you may also question if mutual funds are high risk or low risk. This is because mutual funds in the Philippines have a mixture of risk levels depending on the type of fund.
For example, certain mutual funds are better suited for young investors as they are high risk and look to build capital long term. Additionally, low-risk funds look to build market value steadily, which are better suited for older investors.
To begin a mutual fund investment, you need to have an account with a stock trader. COL Financial is a great online stock trader. You will need to set up an account for which you can find all the information in the link above, and once an account has been set up, you can easily invest in mutual funds. In addition, they have a library of information showing you how to start at every stage of your investment.
In A Company (Such As Jollibee)
We have spoken previously about investing in Jollibee and a complete stock market guide for beginners in the Philippines. The articles explained the pros and cons of investing in the Philippines stock market; however, we shall summarise these points specifically for student investors.
If you seek passive income and market growth, investing as a student in the Philippine Stock Exchange might be a wise investment. Historically the Philippine Stock Exchange has shown continuous growth as a whole and, as a result, is seen as a less risky investment compared to other investment opportunities such as cryptocurrency.
One of the great things about this good investment in the Philippines for students is choosing who you invest with. Additionally, you may be rewarded by receiving financial dividends, a bonus payment paid to shareholders.
Similar to mutual funds, you will need to have an account with a stock trader to invest in a company such as Jollibee. Col Financial is a great online stock trader where you can buy and sell stocks from the comfort of your own home. Click on the link above and follow the instructions to create an account; they have a wealth of information to help you get started.
In A Food Cart Business
At this time, starting a food cart business may not be the best investment for students in the Philippines because of the pandemic; things are a little bit abnormal; however, there are still many food cart businesses succeeding in the Philippines during this time.
Some experts suggest that things should be back to normal over the next 12 months. We have covered how to start a food cart business in the Philippines and spoke about how it can be a great source of passive income for students in the Philippines, but it will require some hands-on work even if you can hire somebody to run the store for you.
Additionally, aside from a food cart business, a good investment in the Philippines for students is to invest in their future by starting a business that can be controlled and managed. One downside about investing in the Philippines as a student is that some investments have little control. Still, with a business, you control the direction, and thus this option may be more suitable for some students.
If funds are slightly tight, you can start a food cart business as a franchisee, and to do this, you will need to contact the franchising company to begin, or you can independently start up your own food cart business. Full details can be found on the link above.
Lastly, when looking at where can I invest my money as a student in the Philippines, you may have come across the domain market but for those of you who haven’t, allow me to briefly explain how you can start to earn passive income in the Philippines from buying and selling domains.
Essentially domains are the real estate of the Internet. If you own a specific name that is popular or easily brandable, then there may be buyers who are willing to purchase the domain for a higher price than you initially paid for it.
Many domain resellers use platforms such as GoDaddy marketplace; however, if you are looking to purchase and sell domain names in the Philippines, you can look at the Philippines’ official marketplace, Dot.ph.
5 Tips To Remember When Your Investing As A Student In The Philippines
There Will Always Be Fees Involved.
Like all good investments in the Philippines for students, there will be a fee involved in buying, selling, or trading. In most cases, the fee is very low; however, if you are frequently trading or moving your funds around, those fees can quickly add up. Therefore, it is always recommended to read the small print of the investment and do your own research before investing.
The Younger You Are, The More Risk You Can Take.
This is not to say that if you are young, you should automatically invest in high risk as that is not always appropriate, but statistically speaking, if you are younger, you have more time to fight the highs and lows of the market. Younger investors can sometimes leave their funds invested for 20 or 30 years, where older investors do not always have this privilege.
Before Investing, Decide On A Goal And Timescale.
One of the basics of looking at good investments in the Philippines for students is to know just how much you are looking to invest, where you will invest, and ultimately how long will you be investing. With this information, you can start to work out the best investment for you and make more evidence-based decisions on your investment.
Remember Capital Gains Tax
There’s an old saying that goes – There are always two things you can always guarantee in this world the first one is death and the second one is tax. In the Philippines, capital gains tax can change depending on the asset and the amount of money you have earned. Some companies may aid in taxation; however, we always recommend speaking to an independent attorney or an accountant regarding your tax.
Invest Pesos You Can Afford Not To See For A Very Long Time
Not only is it essential to invest money that you can afford not to see for a very long time, but arguably it is also essential to invest money that you can afford to lose. This is because no investment is guaranteed, so it’s essential to understand the risks before investing entirely.
Investment In The Philippines For Students
If you are a new investor, I would highly suggest focusing on one type of investment, learning about that investment, and starting very small. From there, you can understand the market more and start to build your portfolio.
One mistake I often see is when many young investors invest in so many different assets they are knowledgeable about. This can be seen as a complete gamble, and even though, in some cases, it could pay off in most cases, it is unwise.
Additionally, when looking at good investments in the Philippines for students, remember that there are a wealth of different opportunities across the Philippines, and there may be some investment opportunities that are more suitable for you, but wherever you invest, always be careful of scams and opportunities that sound too good to be true.
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