With the Philippine economy continue to have a robust growth in the past few years, many Filipinos have started investing their hard earned money for better financial status in the future. Yet, there are still so many who until now are in the planning stage of their investment strategies. And some even are still having thoughts of when is the right time to invest.
I may not be a financial adviser or expert in that matter, but if you are going to ask me this question, I believe and experts would agree with me that, NOW, is the right time to get moving and start investing. Especially now that the Philippine economy is enjoying a bullish growth with a positive outlook for its credit rating and new data suggests that it is likely to continue. In fact, it was only very recently that the Philippines’ credit score was upgraded to investment grade rating. And there are already three major credit raters (Fitch, S&P, Moody’s) that upgraded the Philippine’s credit rating.
The stability of the Philippines’ funding conditions is the driving force to its climb despite the bout of market volatility in emerging countries. So the outcome is that the Philippine GDP last year has grown to 7.2%, which is the fastest in Southeast Asia and many experts have said that investment is becoming the growth engine to it. And recently, the Philippines have moved up yet another international rating when it ranked 108 in the Ease of Doing Business in 2014, from 133 in the previous year.
So with it, there’s no doubt as to when be the right time to invest your hard earned money. Now is the time to strike while the market is still hot and actively climbing and start moving your savings away from banks who can only give you a meager interest. That you can at least sit and relax while watching the Academy Awards 2014.
Image from Rappler.com