Hi Guys !
Schiwi is here again.
Today I'll discuss a good long term investment here in Philippines called MP2 or Mutual Pagibig Fund II.
This is a voluntary type saving with 5 year lock in period ..
Usually they give 4-7% dividends annually.
( Duh ? Just 4-7% ? )
Oh brother this is better thanks banks ..
( Oh .. I think stock market dividends will be better )
Brother , this Mp2 has no risk unlike stock dividends you may loss when the price of the stock decrease ..
I suggest just put 500php every salary pay then after 5 years it will be 60k + dividends which is approximately 12k php..
500 php or 10usd is just a small amount.
After 5 years you will be shock that you have save that kind of money.
Maybe you will not appreciate it today, but I swear It will pay off in the future :D
Have a nice day ahead ..
