Daily Bible Verse

Provided by Christianity.com Bible Search

CLICK THE IMAGE BELOW for ALL YOUR TRAVEL NEEDS
trip travel coupon discounts
« previous next »
Pages: 1   Go Down

Author Topic: Ratings upgrade a timely signal to invest long-term, Philam says  (Read 793 times)

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Ratings upgrade a timely signal to invest long-term, Philam says
« on: April 09, 2013, 08:37:04 AM »
By Katlene O. Cacho
Tuesday, April 9, 2013
http://www.sunstar.com.ph/


RATHER than let money sleep, top officials of an insurance firm said now is “the best time” to place money in various investment instruments, given the country’s positive economic performance and outlook.

A recent upgrade from Fitch Ratings supports the country’s claim of a sustainable growth, said Rolan Enriquez, Philam Life director of agencies for Central and East Visayas and Mindanao, in a forum last Friday.

An investment-grade status, similar to what Fitch has given the Philippines, is confirmation that the country is financially sound and capable of paying back its debts.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co
CLICK THE IMAGE BELOW for ALL YOUR TRAVEL NEEDS
trip travel coupon discounts

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Ratings upgrade a timely signal to invest long-term, Philam says
« Reply #1 on: April 09, 2013, 08:37:42 AM »
Government officials expect similar upgrades by two other ratings agencies: Moody’s Investors Service and Standard & Poor’s Ratings Service.

Enriquez pointed out that the investment grade status also means lower interest rates.

But, while this presents opportunities, in that it boosts lending and helps companies who want to restructure their loans, Enriquez warned that the upgrade could also have a negative impact on individual investors who rely exclusively on interest to grow their investments.

He said most Filipinos have placed their hard-earned money in low-yielding accounts, which are simply eroded by inflation.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Ratings upgrade a timely signal to invest long-term, Philam says
« Reply #2 on: April 09, 2013, 08:38:14 AM »
He cited time and savings deposits, which are currently earning low annual interest rates at 2.75 percent or 0.375 percent, respectively, or even less.

During his talk, Philam Life president and chief executive officer Rex Mendoza said deposits are good for short-term needs but when one’s goal is long-term, other instruments may be considered.

Philam Life, for one, is promising returns of at least eight percent in an insurance and investment plan.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co
CLICK THE IMAGE BELOW for ALL YOUR TRAVEL NEEDS
trip travel coupon discounts

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Ratings upgrade a timely signal to invest long-term, Philam says
« Reply #3 on: April 09, 2013, 08:38:39 AM »
Mendoza said it is never too late and there is no wrong time to invest long-term, amid fears of market fluctuations.

Enriquez said the stock market’s record-breaking performance, almost hitting the 7,000 level shortly after the investment grade status was announced, is already a clear sign that the country is experiencing sustainable growth.

“For those who want to take advantage of the booming economy, now is the best time to invest. The party has just started,” he said.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Ratings upgrade a timely signal to invest long-term, Philam says
« Reply #4 on: April 09, 2013, 08:39:16 AM »
Mendoza pointed out that there are two things people should consider in growing their money through investments. One is to invest with a long-term mindset and second, is to invest only with a stable and solid institution that has a track record of fulfilling promises.

He said a key toward real wealth management and making intelligent investment decisions is education. A successful investor must have a combination of attitude, industry knowledge and an investor’s mindset, as well as access to appropriate financial instruments.

“As interest rates continue to decline, you should take time to look for investment instruments that would keep at par with your expectations,” said Enriquez. “You need to match investments with your goals.”

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Ratings upgrade a timely signal to invest long-term, Philam says
« Reply #5 on: April 09, 2013, 08:39:29 AM »
One of the new products of Philam Life is Money Tree, “a one-payment life insurance and investment plan whose various funds have yielded returns of eight percent to 15 percent per annum.”

Mendoza said this plan gives policyholders the opportunity to invest in high-performing funds that take advantage of the country’s booming economy. It also offers life insurance protection to secure the family’s future.

Another product, Family Secure, “is a high-value insurance plan that can be converted into a retirement fund as the insured person gets older.”

The firm’s Wealth Management Forum held at the Cebu City Sports Club was part of the company’s initiative to boost financial literacy in the country.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=71855.0
Logged
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co
CLICK THE IMAGE BELOW for ALL YOUR TRAVEL NEEDS
trip travel coupon discounts
Pages: 1   Go Up
« previous next »
Tags:
 

CLICK THE IMAGE BELOW for ALL YOUR TRAVEL NEEDS
trip travel coupon discounts