One of the most significant roadblocks for aspiring investors — and even seasoned investors looking to expand their portfolios — is time. A busy schedule makes it difficult to conduct the necessary research and management to build a successful financial portfolio. The best investment apps for beginners and everyday investors available today promise to alleviate this problem by allowing them to manage their finances directly from their smartphones.
Almost every investment approach and skill level has its own app. Many financial acts may be made more accessible with the proper app, from beginners trying to make their first investment to advanced entrepreneurs looking to trade stocks on the go. Continue reading to learn about the finest investment apps the Philippines and how to start building your portfolio on your phone.
What is an Investment?
An asset or object acquired with the intention of creating income or recognition is referred to as an investment. An investment is the acquisition of products that will not be consumed today but will be used to build wealth in the future. In finance, an investment is a financial asset purchased with the expectation of generating additional income or subsequently being sold for a profit at a higher cost price.
Investment is described as the addition of physical capital to one's stockpile, such as:
- Machinery
- Buildings
- Roads etc.
Investing, on the other hand, is the process of using your money as capital to purchase assets that will provide further income for you in the future. It's essentially delegating labor to your money.
What are the Types of Investments?
- Bank Products. Bank products, perhaps the most popular and widespread of all investments, are available in a variety of forms. The money you put in is federally insured up to a specific amount and can be withdrawn quickly. Savings accounts, certificates of deposit (CDs), money market accounts, and government insurance are some examples.
- Bonds. Bonds are loans made to governments and enterprises by an investor. In exchange, the borrower must pay interest on the borrowed funds on a regular basis (annually or semiannually) and repay the principal on the maturity date agreed upon.
- Stocks. Simply put, stocks are fractional shares of a corporation's ownership. This means that if you buy or invest in a company's shares, you are considered one of its "owners."
- College Funds. Due to the high cost of education, many people choose to invest in college funds to save money for the future. Earnings from this fund may be exempt from federal and state taxes depending on where you live, as long as the money is utilized solely for education expenditures.
- Insurance. Insurance shields you from the risk of financial loss, injury, or harm. Premiums are paid by the insured or policyholder in order to purchase a policy that specifies the terms and conditions under which the insurer is obligated to pay. Insurances are accessible online through the different investment apps Philippines.
- Real Estates. When the value of a piece of real estate increases over time, real estate investment generates revenue or profit by purchasing, leasing, maintaining, or selling it for a higher price than when it was purchased.
8 Best Online Investment Apps & Platforms in the Philippines
PDAX
The Philippine Digital Asset Exchange is another online trading platform to consider for bitcoin investors. The Bangko Sentral ng Pilipinas has licensed and regulated it as a legitimate business. PDAX allows you to purchase and sell Bitcoin, Ether, XRP, and other digital assets in Philippine Peso at the best possible rates. You can use the PDAX mobile app (available on the App Store and Google Play Store) with your smartphone to make crypto trading easier.
GCASH Invest Money
GCash Invest Money claims to provide a stress-free investment experience. With just Php 50, you can begin investing in several investment funds. It may be the cheapest minimum investment amount available right now. If you use GCash, you'll appreciate the fact that you can invest directly from the app. Seedbox and Atram, two of the most trusted companies in the Philippines, are partners of GCash Invest Money. Gcash invest is one of the best investment apps for beginners.
Lamudi PH
Lamudi PH is the local branch of the same-named parent firm, which operates in 30 countries. They provide a wide range of assets, including condos, flats, townhouses, commercial buildings, land, and more.
Flippa.com
Real estate "flipping," or the act of purchasing, refurbishing, and then selling a home, is becoming increasingly popular, thanks in part to shows like Flip or Flop and House Hunters (and a whole bunch more). Flipping a website is a term used in the online business world to describe the process of buying and selling a website. Flippa is one of the platform's early adopters.
SeedBox PH
While most experienced traders will recommend COL or First Metro Sec (since they combine their MF with their stock platform), Seedbox makes the cut because it strives to be the most basic and user-friendly platform for Filipinos, making it one of the best investment apps for beginners wishing to invest in Mutual Funds (they even offer tie-ups with your employer for investing via payroll deduction).
Modified Pag-IBIG 2 (MP2) Savings
The Modified Pag-IBIG 2 (MP2) is a savings program for current and past Pag-IBIG Fund members who have at least 24 monthly savings. They may be able to take advantage of higher dividend profits than the ordinary Pag-IBIG Savings program. You can join a program that allows your money to earn up to 8.11 percent in dividends for as little as $500. (their highest ever recorded dividend rate). Their three-year average is a healthy 7.65 percent per year, which is far higher than what you'd get from a bank savings account or other investment vehicles. You have the option of withdrawing your earnings on a yearly basis or receiving a lump sum payout when the fund matures (5 years).
Mutual Funds and UITF
A Philippine Mutual Fund is a Securities and Exchange Commission (SEC)-a registered investment business that pools money from numerous investors to create a large fund with a common goal. To achieve the stated goal, this fund is then invested in specific categories of securities. On the other hand, the Unit Investment Trust Fund (UITF) performs comparable responsibilities to a mutual fund. The key distinction is that instead of a mutual fund business, the fund is managed by a bank. This form of investment is perfect for young and inexperienced investors because you're entrusting your money to professionals who know how to make it grow.
Blend.PH
Blend.PH is a peer-to-peer online funding platform that provides personal and income loans with monthly interest rates ranging from 1% to 8% and repayment lengths ranging from one to 36 months. The online loan platform allows investors to make money by acting as lenders. Blend.PH allows you to make 6 percent to 30% interest each year with a small initial commitment and it is also listed in investment apps in the Philippines.
Thinking of a different investment path? Try real estate and invest in a condo today! Check out Vista Residences!
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
