Friday, December 12, 2014

What Drives This Working Pinay Into Investing?

A while back, and every time the Water Sprite hears of the word "investor", she immediately thought of someone who is a multimillionaire, most likely a foreigner who came to the country to establish a corporation. Could that be a Filipino, the investor must be "big" and often featured in society magazines. An investor then appeared to her to be intimidating because he or she belongs to the elite society. For someone who owns the local's most popular hardware store (for example), be it a Chinese, a Filipino-Chinese or a Filipino, she would refer to him as a "businessman". Moreover, she thought of "investments" by ordinary family to be comprising only of physical assets like land, jewelry, or building. As the Water Sprite was in her "midlife", things changed in her life and learned that it was possible for an ordinary employee to invest on something.

When You Hear, You Must Listen

When she was a in her 20's, fresh from school and employed in Manila, she heard from her former classmate and friend, that the easiest way to earn money was to being a stock broker. He was sort of suggesting her to try Philippine stocks. The Water Sprite then was kind of raising an eyebrow and told herself like,

"Hello I am now a programmer and what the hell are you talking about? Me, shifting my career? And oh my god, that needs huge network of rich people. I don't have the luxury of time and money to take a crash course on business."
By the way, the Internet that time (in the '90s) was barely established here in the Philippines. So the Water Sprite had the impression that stock trading was happening right there at the Philippine Stock Exchange. She had zero knowledge and so she crossed out the idea. More years passed and then she saw Francisco Colayco speaking on national TV. He was talking about saving money, and simple interests, and compounded interests, and mutual funds, and cooperatives, and bonds, and stocks. Hearing him, the Water Sprite was kind of impressed and said to herself,
 "Well, that makes sense to me!"

Yet, she did not make any move to start "making her money grow", and did not even start saving. What a fool of her and so this reveals that she did not have most of the qualities of being the sprite back then!

Only recently, she saw her cousin selling jewelry items on Facebook. With one of her posts, she wrote like this:
"Buy now. These are good investments."

The Water Sprite, only on her mind, was like:

"Yeah, that could be true but jewelries could possibly be stolen or lost or that I may be tempted to run to the pawnshop."
Then she paused and thought once more:
"Investment! Hummmn, I think I have something. I could try mutual fund."

Driving Forces

Then she befriended Google search facility and gathered satisfying information about the Philippine's investment opportunities.

After all, she has identified the following driving forces to start investing:
  1. She was able to save few amount of money and it's about time to level up by making the money less liquid.
  2. She has tried venturing into direct selling, online selling, as well as micro lending. It was doing good but it requires so much time, leg work, and wide connection in order to sustain the business, and
  3. There is no invincible employee. For some reason, the employer may find somebody else to replace her. She has to bullet proof future uncertainties by saving while she earns, and/or she could build possible link to finding new career or business (e.g., consulting or brokerage).
But the list could change, only the Water Sprite and her vibration in the universe could tell, as she says:

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