Invest for the future

WHILE still young find ways to invest for the future, this is advice we get from old folks. For those who find it difficult to save money, this may seem hard to do. But with the help of experts, the importance of investing may turn out to be a good idea.

According to COL Financial Philippines Vice President of Sales and Customer Support Juanis Barredo there are two ways to invest our hard earned money. One is through a stock market investment and another is by building wealth through mutual funds.

Trading in stocks means one needs to know which company is profitable in the market. However, for those starting putting resources in a mutual fund is the best thing to do because in just five years of waiting, expect to have equity.

COL Financial which started in 1999 has been a big help to many people nationwide in terms of good investment especially in Metro Manila, Davao, Ilo ilo and Cebu where they have offices. This month they will be opening a new office in San Nicolas, Ilocos Norte.

Recently, they reached out to residents of Baguio City and conducted a training seminar about the concept of investment with over 400 future investors in attendance stressing the need for education and how to be in the right direction were discussed.

Barredo said knowledge of the Baguio audience is elevated considering the kind of questions they asked during the seminar-training.

Barredo also said millennials do not really invest but rather the more mature age group, generally, those with age ranging from 33-35 are the clients for the whole company while those aged 44-45 are in premium investment.

COL Premium Head Ed Martinez said compared to a savings account in a bank which has a minimal interest per annum, investing in