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Tsikoteer
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- Jan 2009
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November 29th, 2009 02:28 AM #1Presuming 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?
Savings account? Time Deposits? Investments?
What would you do?
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November 29th, 2009 03:14 AM #2
I'd suggest invest it in a business venture rather than in a bank. Franchise or your own. Grows more provided location and the type of business is highly feasible. Just my .02.
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November 29th, 2009 07:49 AM #3Originally Posted by mazzipino
7 to 8 figures - rental property business or franchise a well known restaurant chain.
Hope this helps
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November 29th, 2009 10:47 AM #4
Investments would be one of the better options.
My brother prefers to buy condos in the prime areas of Metro Manila. Current areas are THE FORT condos. You can have those condos rented out for income. Later, you can have the option to sell the property as well.
Best to choose the condos done by well known developers like MegaWorld who have good reputations for quality and completion of projects.
The preferred units you can choose would be the two bedroom units which are the most in demand by renters most of the time.Last edited by ghosthunter; November 29th, 2009 at 10:49 AM.
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BANNED BANNED BANNED
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- Jul 2003
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November 29th, 2009 11:57 AM #5bili ka ng property (kupa) sa probinsya. pataniman mo lang ng fruit trees na gusto mo.
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November 29th, 2009 12:44 PM #7
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Verified Tsikot Member
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- Nov 2008
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November 29th, 2009 09:21 PM #8Good day, For more information..You may log on to pinoymoney.com....Madami ka matututunan po doon with regards to investments and many more...
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November 29th, 2009 09:50 PM #9
Of course your liquidity needs should also be factored in. Many suggest here getting real property but bear in mind it is very illiquid meaning its hard to convert it back to cash unlike paper assets like stocks or currencies...
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