What is the best bank to invest 1M for savings account?

[towperuX]

do not invest that in a savings account. average deposit so far is 0.25% tapos bawasan pa na ug 20% withholding tax. sayang kaayo imong gibutang na kwarta. i suggest you put that into investment (trust fund or money market fund) although its kinda risky lang because every moment, the price will rise or drop

[redcheek]

Cryptocurrency na TS,

Ambt lng TS kung unsa na sa state sa bitcoin ron, pero last year grabi kaayo ang spike. Sauna 2009 gi release na, $.50 rana, karn kay almost $500 na ang value per bitcoin, so imagina pila ang balik nimo ana. Naay time ni abot na ug $1k per bitcoin.

pm dazzle, mao man to sila pioneering diri sa mga asic miners.

https://www.istorya.net/forums/networ...4-bitcoin.html
https://www.istorya.net/forums/everyt...investors.html

Thanks sa info. I will check on this one kay murag dako au ni nga investment nya dli pa au ko familiar.

[beyee]

Noob question... Somehow related ni.

If trust fund, pwede bah mo add og amt sa principal na imo g-openan?
Karon pa ko na Dili diay maau sa savings ibutang.

[dongzkie]

adto ka mo invest kung asa nag invest ang banko.

asa man diay mas maau? honestly wla jud au ko idea how to invest

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Unsa man na bitcoin? naa na sa mga banko? Bacin mapusoy nya ako money ana.

[Sarevok]

sa coop na i-time deposit. dakoto ug interest ang sa Lexmark na coop. open to all people sad

[phattchoi]

try nlng sa mutual fund or kanang mga insurance dala investments. naa may daghan ni offer ana.

[towperuX]

Noob question... Somehow related ni.

If trust fund, pwede bah mo add og amt sa principal na imo g-openan?
Karon pa ko na Dili diay maau sa savings ibutang.

pwede raman..mu add ka ug additional fund sa imong Trust Fund.
for now lang nang dili pa advisable mo put up ug dako sa savings, it is because BSP does not need too much money pa, meaning inflation is still within its control, and money in circulation is at normal level.

[Bears Grill]

The purpose of putting money in a bank is to "keep your powder dry". It's about liquidity, not growth. If you foresee yourself using that money in the next five years, keep it in the bank. A well-diversified stock portfolio, they say, promises higher growth rates over the long term, but you must have at least a 5-year time horizon in order ride out market gyrations and allow dollar-cost averaging to do its magic.

But these forms of investments are like side bets. Someone else is doing the race for you. If you want to race yourself, you go into business. If you have PHP 10,000 and you place it in a time deposit earning 1%, at the end of the year, you'll earn PHP 100 for your patience. On the other hand, if you spent that PHP 10,000 for a sought-after item (say a gadget that your friend was looking for) and you sold it to him/her for PHP 15,000 within the week, you've earned PHP 5,000 within a week!

In other words, LAZINESS will always give you lower returns. Your ability and dedication to sell will always give you higher returns. It's a tale as old as time.

[beyee]

Thanx TP... Savings ra man Gud ako gbutang.
I'll read more of this stuff for reference.

[Passport]

The purpose of putting money in a bank is to "keep your powder dry". It's about liquidity, not growth. If you foresee yourself using that money in the next five years, keep it in the bank. A well-diversified stock portfolio, they say, promises higher growth rates over the long term, but you must have at least a 5-year time horizon in order ride out market gyrations and allow dollar-cost averaging to do its magic.

But these forms of investments are like side bets. Someone else is doing the race for you. If you want to race yourself, you go into business. If you have PHP 10,000 and you place it in a time deposit earning 1%, at the end of the year, you'll earn PHP 100 for your patience. On the other hand, if you spent that PHP 10,000 for a sought-after item (say a gadget that your friend was looking for) and you sold it to him/her for PHP 15,000 within the week, you've earned PHP 5,000 within a week!

In other words, LAZINESS will always give you lower returns. Your ability and dedication to sell will always give you higher returns. It's a tale as old as time.

it is not exactly LAZINESS but more like lack of information and fear of the unknown. the principle of "better be safe than sorry" almost always applies. just my two cents.

Thanx TP... Savings ra man Gud ako gbutang.
I'll read more of this stuff for reference.

sakto si Bears maam bey.. ok ra ang savings para sa liquidity. to make your money make money.. the instrument is elsewhere... not in savings accounts.