TIME DEPOSIT...

(Go to the nearest Bank you want to start with). Another convenience is selecting the terms of placement based from your preferences. Some banks will pay you either by check or deposit straight to your account. There is also negative effect in having Time Deposit accounts. Funds cannot be withdrawn until the end of the terms of placement because you will have pretermination penalty (you’re losing money). It is subjected to tax (20% final withholding tax on the interest earned). Finally, our mortal enemy - inflation (an increase of price levels over a period of time) – will devour your returns from Time Deposits. Why? In the next article, we will discuss it with you and how you can win against high inflation. You might ask yourself: Is this right it for me? Well, it depends on your risk profile. Risk profile is an evaluation of one’s ability to take risk (You may consult your Financial Advisors). It is vital to determine this because it will help you know what investments you should allocate in your financial portfolio. There, you have it! A low risk and low return investment in achieving your financial goals. There are other investment assets to choose from and we will discuss them soon.

Disclaimer: We want to remind you, dear reader, that the content in this column is my opinion and AlphaEdge Research’s opinion only and should not be construed as investment advice because we’re not your financial adviser nor have we taken into consideration your personal objectives, financial situation, needs or circumstances as your fiduciary. This column is mainly for your entertainment and education only.