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Building Wealth is Not Created Overnight

Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr. by Michelle F. Lengwa-Astudillo and Jimmy A. Astudillo, Jr.
October 11, 2015
in Columns
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In the likeliness of some people wanting to become wealthy in just a matter of weeks or months, they find themselves entombed in investment scams. People are informed thru the power of media (newspapers, radio, and television) that some of the scammers are already put in jail or under litigation. It is good that scammers are put in jail. As they say, there are no investment scammers until there are no people who believe in them and invest with what they are offering.

Anyways, “When is the right time to start investing? Do I need a large sum of money to start?” These are just few of the questions we mostly hear. We also probe these two questions in ourselves during the seminars we are attending. In our research, reflection from the seminars, and experience, the answer is very simple.

Most people thought that investing is just for the rich. Therefore, they thought they need a huge sum of money to start. These notions are all off beam. May be it is correct hundred years ago but in this era, their notions are wrong or just mislead by what they believe at. Many investment companies have a minimum of five thousand pesos only to start an investment. In these five thousand pesos, you are already invested in much number of big companies.

The best time to invest is when you have money. The best time to invest is yesterday. When you are not invested yesterday, the best time to invest in now. You need a little amount of money start your investment. The right time to start investing always depends on an individual’s current financial status. Investing early can benefit from the power of compounding; the earnings of your investment are then reinvested back. When you are start your investment early, its potential earnings is not futile.

Just start your investment when you have money. Invest regularly. For example, you set aside a percentage from your monthly salary for your investment. Say you infuse additional 2,000 pesos to your original investment. In this case, you are taking advantage in what we call peso cost averaging. When the price per share is down, you get more shares. In contrary, when the price is up, you get slight shares. Diversification in investment plays an important role in building your wealth. Rare cases are those investments in just one or two companies which gains a lot in just days. According to the axioms of finance, do not put all your eggs in just one basket. We agree with this axiom.

The investor ought to be clear why he is investing money. It is for marriage, child’s education, building up a business, building up a house, or retirement? Just continue investment with your objective.

***

(The writers are both Investment Adviser and Advocate of Personal Finance. They are engaged in Stock Market Investing. Also, they are active Licensed Real Estate Practitioners.  For financial planning and speaking engagements, you may contact them with CP # 0919-376-2922 or Tel. No. (074) 244-4026).

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