What is the most ideal Business to put up if you have P20M and up Funds?

[honey2723]

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I really appreciate your comment honey2723 since I myself a banker before. And that's why here I am asking some suggestions from good people over here for a friend. And as to where he got the money? maybe that's a premature contention at this time. The right person and right agency may ask that. But for my personal opinion however, I suggest to my friend Real Estate Business. Industry is about to hit the floor, from then it has nowhere to go but up. Hope for more good opinion over here bros....Thanks ahead.

When putting up a business, be it a franchise, start-up business, real-estate business, one thing you have to remember is that you need to be ready for the worst. Don't just anticipate for the best. For example, you planned on putting up a business, then upon implementation it required you to put in more capital. If you are not ready to face that scenario, I don't think putting up a business is in your best interest. For real estate business, I may not be a guru in this field, but there's one thing I know for sure. You should be ready for the scenario that you're money will be sitting for quite some time. If you're plan is to use up the income immediately, then you may be putting yourself at risk. At risk of loosing more money allowing the way.

Remember, that as an investment, it means that it's an extra income that you can afford to loose. Money that you can afford to work for quite some time before you can get passive income from them. In order for you to be successful in any investment, make sure you did due diligence in checking the pros and cons of it. So that if something goes wrong, it's something that you've prepared yourself for. Dili nga matagbaw ka ug blame ug laing taw for the problem. You made the decision, you take 100% responsibility for whatever happens. Just my 2 cents.

[saturno]

@saturno, the scenario that you've mentioned, "...IF ever...", is quite true. According to the Phil. Banking System, as of Sept 2008, there were P3.81T in time deposits all over the Philippines. That's money loosing it's value the whole time it's there. This is the effect of majority of the Filipinos being financially uneducated. It's such a pity that a significant amount of the money are coming from OFW remittances, working hard for money but their money is not even working for them.

now i'm beginning to like this thread and you, honey2723..i finally meet someone who knows what she/he's talking about it....

with regards to the OFW, do you think that our OFW has a choice on where to put their money? i believe that they have no choice but to put it in a bank and the "best way" is thru time deposit. they rather lost a little of the value than totally lost all the money if they would invest these money on an investment or a business which they could never manage or supervise since they're working abroad. i'm sure most of our OFW is just saving for the rainy days and once they have enough, i'm also sure they want to go home and use the saved money for businesses and other purposes.. nobody wants to work forever abroad especially if you're away with your family.

maybe invest in stock market too.. buy only the blue chips. but we would never know...

[honey2723]

as for suggestions on what particular business to put up with whatever fund is available to you, my suggestion is put up something that you are already familiar with and you already have the skills for it. And something that you enjoy. For me, this is something important when putting up a business. At least when you're doing business na, it's something that gives you fulfillment. So, if somebody suggested Real Estate business, it may work for others but not necessarily for you. If somebody suggested get a franchise of Jollibee, make sure you are ready to learn the tricks of managing a franchise. It requires your participation. So, in order for you to be successful in your business, get to know yourself first. What are your passions, what are the things that you want and like, your attitude towards things and different scenarios. Once you know the answers to these, mas sayon na i-address ang inyong question kung unsay nindot buhaton sa P20M or whatever money you have with you.

[honey2723]

now i'm beginning to like this thread and you, honey2723..i finally meet someone who knows what she/he's talking about it....

with regards to the OFW, do you think that our OFW has a choice on where to put their money? i believe that they have no choice but to put it in a ban and the "best way" is thru time deposit. they rather lost a little of the value than totally lost all the money if they would invest these money on an investment or a business which they could never manage or supervise since they're working abroad. i'm sure most of our OFW is just saving for the rainy days and once they have enough, i'm also sure they want to go home and use the saved money for businesses and other purposes.. nobody wants to work forever abroad especially if you're away with your family.

maybe invest in stock market too.. buy only the blue chips. but we would never know...

thank you for appreciating the things i've shared here. it inspires me to pursue in educating our fellow Filipinos out there with respect to their finances.

with regards to the OFWs, YES, they do have a choice! As long as they open their eyes, ears and mind on the different options out there. As what i've mentioned in the earlier post, they can still put some of their money in time deposit but only for immediate concerns. But if their goal is to grow their money in time without their presence, then mutual funds and insurance products to mention a few are some best ways of investing their money.

As for other options on where OFWs could put their money in, kindly refer to PERA Bill. For more info, check out this link (http://blogs.inquirer.net/moneysmart...l-at-its-core/)

Pa-singit lang, putting your money in the bank is not investing, you're just saving. Even if it's in a time deposit. Again, when you invest it should be something that will help your money's value grow in time. And as I've explained earlier, time deposits will not help you do that.

OT : Share ko lang one of the sharings of one speaker that I listened to. He met an old friend of his who worked in Saudi for quite some time. When his friend got back here after 22 years of working in Saudi, the money that his friend saved in the bank while working in Saudi, couldn't even pay up for the medical expenses his friend incurred. The medical expenses was for a sickness he suffered as a result of working in the hot temperature in Saudi. If he could have only invested his money in other investment vehicles (i.e. health insurance), then his money could have worked for him even though he wasn't working anymore.

[saturno]

thank you for appreciating the things i've shared here. it inspires me to pursue in educating our fellow Filipinos out there with respect to their finances.

with regards to the OFWs, YES, they do have a choice! As long as they open their eyes, ears and mind on the different options out there. As what i've mentioned in the earlier post, they can still put some of their money in time deposit but only for immediate concerns. But if their goal is to grow their money in time without their presence, then mutual funds and insurance products to mention a few are some best ways of investing their money.

honey, when my mother "talks" when i was still a kid, sermon na naman!
when my gf talks especially the tsismis type, i fell asleep!
NOW WHEN YOU TALK ( write/share), you got my ears, eyes and my attentions!

c'mon honey, share more of what you can share and what's on your mind.... coz right now, I'M ALL YOURS!
(btw, i hope you're a female as your name honey implies..if not, boy, i sounded like a queer!)

[dvfortuna]

@honey2723

could you please list down your suggested investment vehicle and its interest per annum? so that we could choose from there and ask the details later.

Passive investment

for example:
company name A: offer 9% per annum: minimum of 10T
company name B: offer 16% per annum : minimum of 50T
Bank C - UITF: offer 10% per annum: minimum of 5T



@to other istoryans:
please also list up what you knew so that we could have options where to invest.

[homer20]

para nako mao ni nindot

1 transportation
2 medicine
3 communication
4 food
5 shelter

[saturno]

i think this thread has taken a new life on its own.. from the OT asking for what to do with a 20M, everybody now is sharing and giving advice of what's the best investment and businesses we could possibly do! and this is very good..exchanging of views and ideas.. one things could lead to another and i believe, it would lead to something very good and very rewarding.. i hope everybody who's on this thread and those who's just passing by too could also contribute and share their though esp those financial "wizards" and successful entrepreneurs.. and i, among the many here, could learn a thing or two from you guys...

[saturno]

para nako mao ni nindot

1 transportation
2 medicine
3 communication
4 food
5 shelter

i agree with your list, homer... if we have to make a business, the best one are those that caters to the basic necessities of life.. because even if we have a crisis like now, these products/business will never go down because people needs this.. and people would never survives without these..

ang ako lang, i would put food as no. 1, because no matter what happen, people will always eat! they would and could sacrifice everything luxurious like expensive clothes, vacations, and others but they could never stop eating foods, bahala nalang barato nga pagkaon basta naa lang gyud makaon..because our body needs it!

also, among the five listed, food business, maybe your own making or you will go for a franchise one will be much cheaper and affordable than putting up a medical, communications, transportation and real estate business.. everybody could do it, you don't need to be an expert or a licensed one to do it....

[bisan-unsa]

bitaw labi na karon nga naa global crisis mao mas daghan ug demand ang sa mga basic commodities... esp. in the food business pero least sa shelter kay mau unta kung naa nka vacant lot para mgconstruct for apartment labi duol sa city and schools...
20M pwede ka mgagri-business kung naa ka at least 1 hectares...
kung ganahan ka nga wala kau hago invest sa stock market murag karon at least 10K pwede nman ka ka invest how much more sa 20M... pero mo paid off lang na dugay lang d pareho sa una nga mga months modouble xa depende sa stocks...