Short Term and Low Risk Investments You Can Do This Holiday Season
- by admin
- December 14, 2021
- Investment | Lifestyle
The Christmas season is all about good cheer and giving. But this season can also drain our finances if we do not know how to control our spending. Our Christmas bonuses and 13th month bonus, can just disappear in an instant if we fail to monitor our spending.
Did you know that according to the study made by Deloitte, the average American household is set to spend over $1,500 every Christmas season? That’s around PHP 75,000 pesos! Whilst the culture and context may be different, we Filipinos also spend a very similar amount during this season. We often take advantage of the sale during Christmas, especially the 11.11 and 12.12 sales from ecommerce and online shopping platforms.
Spending is part of the holiday season. But if we don’t control ourselves, we might end up in debt next year.
So before you spend all your bonuses on sales and promotions, why not invest your money instead.
Here are the best short term investments that you can do during this Christmas season.
1. Savings accounts
A savings account is a good short term with low risk investment that you can do with your extra money this holiday season. If you save your money in a savings account, the bank will pay interest on a regular basis.
Our recommendation is to find the bank that offers the highest interest rates.
Savings accounts are very liquid. You can add money, withdraw or transfer any time you want to your account. Just be mindful of the fees for maintaining your account or for accessing ATMs.
2. Buy an insurance
Many think that buying insurance is an unnecessary expense. But there is no better way to protect you and your family from emergencies especially during the pandemic. And besides, there are affordable insurance premiums or plans that you can avail. You can also customize your policy depending on your need and budget.
3. Cryptocurrency
Cryptocurrencies like Bitcoin are gaining popularity not only in the US but also in the Philippines. It is one of the short term investments that you can consider. Daniel Link offers some tips on how to get started in cryptocurrency in the Philippines in this primer.
Before investing in cryptocurrency, you need to get enough knowledge about it so you can maximize the worth of your investment.
4. Stocks
Investing in stocks is one of the most common ways to make an investment. And with the advent of technology, you can simply do online stocks with your laptop or mobile phone. There are also a lot of materials, articles, blogs, and videos on the internet that you can use to know more about investing in stocks.
But then again, our reminder to all our readers, don’t invest in something that you don’t understand.
As Warren Buffet reminds us, “Never invest in a business you cannot understand.”
The Best, Safest, and Low Risks Investment This Holiday Season
If you are still looking for the best investment that you can do this holiday season, then you need to invest in real estate.
According to Forbes, real estate is a low-risk with high-return investment when held long-term.
With real estate, you can buy and then sell it later for bigger or higher profit. Just take for example the properties in Mansfield Residences in Angeles City.
In 2011, Mansfield Residences’ Tawny 3 bedroom cost 1.1 million. Today, this model unit now costs 2.1 million. It has increased by 90.9% in value in just a span of 10 years. Imagine if you had invested in that 10 years ago, you would have an extra million by now.
If you are ready to invest your savings and money with real estate, we can help you. We have property listings in great locations that increase in value over the years.
Simply contact us at 0918-963-6760 or message us at m.me/mitchprin to book a free consultation and site tripping.
Happy holidays everyone!
