Best Method of Storing Your Hard Earned Money?

**frenchtower** · November 30th, 2009 03:16 AM

Originally Posted by mazzipino

Presuming we are talking about a 6/7/8 figure PHP sum, how would you keep it safe here in the Phils aswell as seeing it grow?

There are some important factors to consider first like:
1. Risk tolerance
2. Short or Long term objectives
3. Time/dedication to manage the investment(s)
4. Growth potential
5. Fundamental knowledge of investment(s)

Some may prefer to put their money in paper assets. Unless, you have the time and expertise to do this, it's quite rewarding. Note, this is not without hight risk involved.

I prefer putting up a business as you have absolute control over your money and destiny. You have unlimited growth potential, risk are lesser plus you get a chance to also provide employment to our fellow Filipinos.

Final note, with that much amount of money involved, it is safe to have a diversified investment portfolio. Take several picks on what ULS have posted. Real estate and gold is a must for me.

All the suggestions of other posters are also very helpful.