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How Investing in US Dollars Can Help You Up Your Investment Game
You may already have a diversified portfolio in the local stock market, but you’re still looking for other ways to grow your money. Perhaps, you’re fortunate to have savings in US dollars, from working overseas or managing a thriving business. Or, maybe you’re one of the millions of Filipinos benefitting from OFW remittances. Either way, one of your goals should be to set aside money for investment, build your wealth, and prepare for the future.
What’s the next big step? If you have an aggressive risk appetite, then entering the global stock market arena can help you level up your investment game.
Filipino Investment Habits Improving
Filipinos are becoming more financially responsible, with more millennials and middle-income earners joining in to invest. In fact, the number of newly opened accounts for securities investment is sharply increasing. Statistics from the Philippine Stock Exchange’s Stock Market Investor Profile Report for 2018 show that total number of accounts broke past the one-million mark, which is 25.4% higher than the previous year.
Filipinos who have newly-opened securities accounts are in the 18 to 44 age brackets. According to the same report, 21.5% of the total stock market account holders are aged 18 to 29, up from just 16.2% in 2017. But investors aged 30 to 44 still make up the bulk of stock market account holders at 43.1%. Those aged 45 to 59 represent 21.6%, while those in the 60s and above account for 13.9%. According to the PSE, the surge in the number of young investors is mainly due to the growing popularity of online financial transactions.
As the economy continues to boom, the middle class is expected to expand, and more Filipino professionals will opt to invest their disposable income in the stock market. But investing only in the local stock market will not help you maximize the full potential of your money.
If you’re an OFW or business owner who has a dollar account, then investing in dollar-denominated securities can increase the growth potential of your hard-earned cash.
How Investing in US Dollars Can Level Up Your Portfolio
Diversify with Dollar Investments
Diving into dollar investments is a smart move for Filipinos who want to level up and diversify their portfolios. Of course, it is important to determine if your risk appetite is aggressive enough to qualify you for such an investment. Remaining in the local stock market alone won’t do the trick. Investing in dollar equities is the best option for those aiming for potentially higher returns. You can build your wealth while also securing a better future for you and your loved ones.
The global stock market arena is yours for the taking. Ready to put your money to work? Visit any of the 900 BPI and BPI Family Savings Bank branches nationwide and talk to a Bancassurance Sales Executive for more details.