When to start investing?

FOR some of us, we want to invest our hard earned money into something that will benefit us in the future. We want this hard earned money to grow and fund our future needs.

However, we have a tendency to ask ourselves, "When do we start investing?" While their answers may vary, financial advisers said it is important to start investing as soon as you can.

While many would say that the best time to invest is now, Emjay Llerena said the best time to invest was actually "yesterday".

"The best time is always yesterday because you might miss opportunities," Llerena said.

When investing for your financial future, Venus Montenegro said delaying it can be costly.

"Delaying to plan for your Financial Future will also be expensive in your later years. The rate of mortality is also much higher as we age. Thus, financial planning will be more expensive. Further, starting early and identifying the different investment vehicles available in the market will help a lot in achieving our financial goals," she said.

Glenn Jay Reston said time is essential for money to grow.

"The earlier we start, the longer the time we give our money a chance to grow. The earliest possible time to start is now," he said.

However, before you start investing, it is important that you have a proper financial plan.

"We really have to start with a financial plan because it will be the blueprint for the achievement of financial goals," Llerena said, adding that this will help prevent you from making costly mistakes.

Montenegro said having a financial plan will help you determine what to do with your money.

"We have to determine the time horizon and amount on when we need our investment as well as the amount of money or budget that we can allot on a regular basis," she said.

Montenegro added that in investing, the start-up and sustainable cash flow is crucial.

"It must not be the money intended for regular living or money intended for the daily expenses and emergency fund. It should be spare cash and not borrowed or loaned amount," she said.

Tim Ponce said there are different investment vehicles you can choose from that will fit your risk appetite.

"You can choose to invest in real estate, stocks, bonds, or mutual funds. You can assess yourself if you are a conservative type of investor who wants low risk with minimum return or an aggressive investor who can tolerate a high risk yet high return," he said.

Lastly, Reston said when you go into investing, never be afraid to seek for help.

"Talk to someone who knows what they're talking about. As much as possible avoid discussing potential solutions with your friends who also are struggling in their finances," he said.

He said talk to someone you know that manages well his or her finances.

"Better find a licensed financial consultant or a financial advisor, let them know your goals and plans in life and ask for their guidance and advices. Do not be afraid if they offer you their products, if they are professional enough, they will not force you to get one," Reston said.

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