It’s the quintessential Filipino OFW story, supporting the family back home while saving up for retirement. But savings may not be enough at times, thus investing in something more long-term is the better option to double, triple, and further multiply your money. Here are a few options that OFWs can invest in.
4. UTIFs and Mutual Funds
Although intimidating, these types of investments are vested in fund managers whose job is to grow the money you’ve invested in. Essentially, these are pooled investments that allow you to invest as low as Php 5,000.
3. Stocks
Investing in publicly traded stocks is easier now through online trading platforms. OFWs can go through a broker, even online, without the need to make a personal appearance. If done right, you can earn up to 50% annually as a minor shareholder of the company. While many online brokers allow you to start an account at a minimum of Php 5,000, OFWs can easily invest in with more.
2. Franchise Businesses
From food carts to actual stalls, being a franchise owner is a bit riskier. However, with the right partners who are based in the Philippines to help you manage your business, your investment could quickly grow. Some food carts allow franchising as low as Php 30,000 while others may range for more but that will include some basic equipment to get things going.
1. Real Estate
Real estate is a tangible investment that comes with many benefits, including having your own place to retire once back in the country. It can even be a long-term investment to generate passive income. With the earning capacities of OFWs in foreign currencies, investing on a unit or two is possible in just a couple of years. Especially now that the peso and dollar exchange rate is high close to hitting Php 50 for a dollar, OFWs get more worth of their money.
But apart from generating income, real estate also acts as a safety net, owning property as back up for the future. The San Antonio Residence, with its flexible payment schemes for as low as Php 10,000 a month becomes the ideal investment long-term. For the future, the San Antonio Residence is the perfect home for you and your loved ones. Strategically located in Makati, it provides convenient access to the Central Business District and nearby cities. Its one-of-a-kind amenities including a Community Mall, a B.O.N.D. Area, Gym, Dance Studio, Reading Nook and more merge both convenience of living in the heart of the city and the privilege of balancing a work-play life.
