What's the best way to invest money in the Philippines?

With the very low interest rates in the banks now a days, a lot people are looking for other investment options. There seem to be a property boom right now with condo developments sprouting left and right. Is it a good investment option? What about mutual funds and the stock market?

What%26#039;s the best way to invest money in the Philippines?heart rate monitor

Investing in the Philippines is pretty tough as there are so many people and places trying to rip off your money.

As for banks giving low interest rates my first thought is: Keep looking. A lot of rural banks offer what I consider good interest rates (10-12%) and at 250,000Peso or less it is fully guaranteed by the PDIC.

For larger sums I would look at bonds again paying 8% plus with government bonds being guaranteed. Not always easy to purchase though.

I have also invested in investment an investment condo and expect a 12-18% return on it but this is not guaranteed and requires someone to look after it.

I also own real estate in the Philippines which is a scary proposition as land title can be hard to guarantee. Good if you are close by or living there and good if you know the land title from a long time ago but scary otherwise.

As for mutual funds and stock market--those scare me. There is money to be made, but it can be lost in a huge hurry too. Then again, mutual funds are only as risky as the stocks or bonds they own so look at what is in them and you might feel more comfortable.

If you do start looking at rural banks maybe you could email me the interest rates you find :)

What%26#039;s the best way to invest money in the Philippines?

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