How did you get started in investing?
I have three kids. Before the first was born, I was already thinking of how I would pay for his studies. I had a work colleague who was into insurance and I told him, “Sana meron din for education.” To my surprise, there was. I got an education plan for my child, and eventually for the other two. They are all grown up now, but it really helped while they were studying.
Because I learned about the possible benefits and I had a good experience, I got other investments after. Now, I have a memorial plan and a UITF. I like UITFs because they have good long-term potential, and I’m a person who thinks of the future (especially because I will be retiring soon).
I was also able to invest in a house that I will be moving to, and it was partially paid for through what I made from investing.
What's the most important lesson you've learned from investing?
There are many things that I know now because of investing, but I think the importance of knowledge is at the top. You should always learn about things before you get into them, so you know the risks and potential, and you can make the best choice.
I also learned how to really compute the value of money, and I know ways of saving money (like making coffee at home instead of buying from somewhere) that help me reach my money goals. But at the end of the day, you still need to be flexible. Expect the unexpected, and do what you can to prepare.
