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.