I always want to invest in time deposits ever since but the returned interest rates are smaller than mutual funds and stocks.
One of the banks I visited offers 0.625% for 30 days and 0.875% for 364 days/1 year (it is for peso currency). It is too small if you invest 10,000 for 1 month. The earned interest rates is 62.5 pesos, while 1,050 if you invest it for 1 year.
I know someone who had an experience in investing in time deposits. And according to him, I should invest my money in stocks or mutual fund rather than time deposit. I want to try it despite I know the returned interest is too small. My belief is as long as you diversify your money and you don't need it for a long time, it's okay to invest it in different investment vehicles. Savings as well as passbook accounts are earning much lower than time deposit because you can get/withdraw your money anytime you want.
Anyway, I hope I could invest a part of my income into the said investment and I trust famous and popular banks in lending my money to them. We are here to live life fully and money is one of the factors to consider. Time is the best gift we can give to our loved ones. So learn how to use it effectively.
Thanks for reading this entry.
Free WEB Hosting!
Welcome to my blog, a space where I share everything that interests me— from poetry and software reviews to my personal beliefs and opinions, and various fascinating topics. Most of the content you'll find here is a reflection of who I am, but I'll strive to keep it as diverse as possible. While I aim to use English as the main language, I may occasionally switch to Tagalog, my comfort zone. Start exploring and enjoy the read. Welcome to my world!
Searching for something, i-google mo na!
Custom Search
Friday, May 3
Should I Invest In Time Deposits?
Tags:
emosyon,
inspirasyon,
kaisipan,
manlalakbay,
opinyon,
pangarap,
paniniwala,
share,
suhestyon/tips
Authored by:
Jethro
at
12:43 AM
No comments:
Post a Comment
Hello!
Thank you for taking the time to read my blog post. I would love to hear your thoughts, comments, or suggestions. Feel free to share your message below or above. Thanks again!