They say that the best time to invest is in your 20s but a lot of young adults are too caught up in the #adulting stage that they focus too much on paying bills, socializing and traveling. They tend to forget about investing and simply hold on to their savings to give them a comfortable future.
A lot can be said about investing but if you are someone who is already stuck with bills to even set aside some money for an investment then, don’t worry, as this article will give you an investment option that you’ll surely not mind (or feel) at all. Interested enough? Well, let us drive on a beginner investment which is the Pag-IBIG MP2.
Best Investment Choice For New Investors
You might be wondering why we can refer to Modified Pag-IBIG 2 (MP2) as “an investment for beginners”? Well, it is because of how easy is its availment. PAG IBIG Fund offers this as an additional investment that yields higher gains than the regular PAG IBIG contribution. More so, it is a five-year term investment program which you can’t withdraw or loan from as it is lock just like in time deposit.
According to Pag-IBIG Fund President and CEO Acmad Rizaldy Moti, the MP2 investment scheme is much safer than Unit Investment Trust Funds (UITF), which are regulated by banks, because the earnings and contributions are guaranteed by the government. No loss unlike other investments.
Qualifications and Application
There are no complicated requirements or qualifications to take part on MP2 program. You simply have to be a member of their MP1 (Hint: It is the mandatory deduction of PHP 100.00 from your salary) and has a gross monthly income that exceeds PHP 5,000.00 which means if you’re a minimum wage earner then you can apply for MP2.
The minimum contribution you can do is PHP 500.00 per month but you can opt for higher contribution if you want to, up to PHP 5,000.00. What makes the Pag-IBIG MP2 stand out from any beginner investment is because it can be salary deducted so you don’t have to worry monthly about the contribution. Ask your company about this because they can apply for this investment program for their employees.
For individual application you can register online:
- Go to the Modified Pag-IBIG 2 Enrollment System
- Fill out and submit the online MP2 enrollment form
- Print the electronic form (the MP2EF) that has your MP2 account number
- Present the MP2EF to a Pag-IBIG branch and pay your contribution.
Below is a sample of your money in 7.43% dividend rate last 2016:
Final Thoughts
We can see on the news how inflation rates are skyrocketing to the point that our salaries can’t keep up with the living expenses. At some point, we can positively say our inflation rate will go down in the future but it is not wise to wait for that to happen. What we can do is to help ourselves beat inflation and that is through investments. The Pag-IBIG MP2 is the best investment for beginners because of it only needs a minimum of PHP 500.00 monthly contribution and gives an amazing gains after 5 years. It is ideal for everyone to apply and very much worth it.
Picture 1 & 4 from PAG IBIG Website
Picture 2 & 3 are mine.