Here's a real-life, data driven lesson for everyone.
If you open an investment account (via Colfinancial, Philam, Sun, etc.) worth P5,000, with a cumulative 48% returns in 5 years:
Investment: Your P5,000 will have become P7,400 even while you're sleeping.
Traditional Savings: If you have P5,000 in a bank, after 5 years, you have P5,052.
LESSON: Save up wisely.
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The author is a licensed financial adviser and has a master's degree in Political Science, International Relations. Feel free to reach him via horebelliot @ yahoo.com
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