Betting on wise investments in the Year of the Rooster

ROOSTERS are perceived as hardworking. After working hard for the money like the rooster, people should want their hard- earned money to work for them. Having deposit accounts is good, however, in this low-interest environment, money set aside in a regular savings or time deposit account does not work hard enough, so investing while saving, is even better. But don’t just invest, or worse, fall for the allure of get-rich-quick schemes.

The rule of thumb is, the higher the potential return, the higher the risk. In addition, potential returns increase with the length of time invested. People should invest according to the risk they can afford, considering when they need the money to get the ideal return.

Banks like EastWest offer investment products and sound advice to help investors grow their money, and just as important, to make sure they understand everything about what they are investing in.

According to EastWest First Angie Pacis, unit investment trust funds ( UITFs) are ideal investment alternatives especially for those who don’t have experience investing in bonds or stocks, or the time to constantly monitor market developments.