What to do with savings in peso back in the Philippines?

m0t0k0

Hello,

I am not sure where to put this thread and decided to put here since I am not sure what's the best thing to do with my savings back in the Philippines. It's a few hundred thousand pesos that are just lying in the BPI savings account, which earned a measly few hundred pesos from annual interest.

In comparison here in Australia, even just the savings account earns 20-30 AUD per month. Is it worth transferring all the PHP and into my Australian savings account? Or will the exchange rate hurt me and perhaps I should find a better place in the Philippines to put it, ie. some other better interest rate (not sure as I am not financial savy)?

Any advice would greatly help. 🙂

dencio123

boss mgkano ngastos mo lahat s pagaply

Lexi

Invest it in blue chips stocks in Philippine Stock market. Sayang naman kung nasa bank lang.

Visit colfinancial.com 🙂

m0t0k0

@Lexi when you applied for an account in COL, were you already in Australia?

If you don't mind me asking how much does it earn per year on average?🙂

Lexi

@m0t0k0 I am still here in Philippines. You can apply even if you're there in Oz.

Di ko masabi ang earnings per year. It's not like a savings account. Nag-iissue ang Col Financial or other stock brokers ng advise on when to buy a stock. You'll buy the stock, set a target gain like 10% , then pag tumaas na value ng stocks mo, benta mo na. Here's an example para makapili ka ng stocks na bibilihin mo:

https://dailypik.com/undervalued-stocks-in-the-philippines-latest-list/

hopeful_mea

I have stocks din thru colfinancial for 2 years na and yan din plan ko next year pg nkasettle na sa oz. mg.quarterly bili ng stocks =) that's better kesa nkatago lng sa bank. you can venture din real estate kc hndi ng.dedepreciate.