There are many investment options for you, regardless of whether you’re a beginner, have a short-term goal, or are interested in long-term returns. Even if you’re a beginner with limited funds, don’t let that deter you from taking the first step in investing.
If you have P1,000, you can look into these investment opportunities and see which ones suit your financial goals.
1. GInvest
GInvest is probably one of the top options if you want something simple and inexpensive. If you have a verified GCash account, you can click on the Ginvest feature and answer a Risk Profile Questionnaire. For moderate funds, such as the ATRAM Total Return Peso Bond Fund, you can invest as little as P50. Meanwhile, more aggressive funds, such as the ATRAM Global Consumer Trends Feeder Fund, require a minimum initial investment of P1,000.
2. Pag-ibig MP2
For as low as P500, you can already start saving monthly in your Pag-ibig MP2 fund. It has a 5-year maturity, during which your savings can earn a high dividend of up to 8%. It even has a higher dividend compared to high-yielding savings accounts from traditional banks. The great thing about it is that it has no limit on how much you can save. For Filipinos working abroad, you can learn how MP2 is a great option for you.
3. SSS Peso
Like MP2, SSS Peso is among the best investments in the Philippines for beginners. It also has a 5-year maturity and needs a P1,000 initial investment. You can withdraw within the lock-in period, but you’ll have to face penalties and fees.
4. Investa
Investa is an online app/ platform that allows you to invest in mutual funds from the Philippines’ top-performing fund companies. For as little as P100, anyone can invest through Investa’s app or their partners, BPI Investment Management, Inc., Sun Life Asset Management Inc., and Phil Equity Management, Inc.
5. Seedbox
Seedbox is a digital platform that lets you invest and earn daily online for as low as P1,000. It offers mutual funds, Unit Investment Trust Funds (UITFs), and PERA All. The difference between mutual funds and UITFs is that MF is a pooled investment, while UITFs are purchased from the bank. All funds offered by Seedbox are regulated by the Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas (BSP).
6. BDO Time Deposit
BDO is one of the few banks that offers a time deposit for as little as P1,000. This type is only for short-term investments and is based on 30, 60, 90, 180, and 360-day terms. The interest rate per annum for 360 days is 0.1250%.
These are just some of the investment options you can consider for P1,000. It’s best to research more and ask questions to knowledgeable financial advisors about the investment suitable for you. Good luck!
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