FLPH Updates
When is the Right Time to Invest: Now Na or Later Na?

When is the Right Time to Invest: Now Na or Later Na?

The best time to invest was 10 years ago and the second best time is TODAY.

Let me show you sample computation of what are the advantages of investing early than later. I use 20% annual growth of your investment fund for your children’s college fund.  Know more about mutual fund from the link below.

Mutual Funds

To better understand my computation, read my previous post below.

How Much Do You Need for Your Child’s Education?

Below are 3 different computations for your monthly investment and total amount invested starting from age 1, 5 and 10. Assuming that your child will enter college at age 19.

 

INVESTING AT AGE 1

If you start investing early at first year, your monthly investment is only around PHP 1500. For the whole duration, your total investment is only PHP 180K. That will be enough to cover your child’s college fund.

1YR

 

INVESTING AT AGE 5

If you start investing at age 5, your monthly investment is around PHP 3,150. For the whole duration, your total investment is around PHP 718K.

5YR

INVESTING AT AGE 10

If you start investing at age 10, your monthly investment is around PHP 8,200. For the whole duration, your total investment is around PHP 1.37M.

10YR

 

So, what age do you want to start investing for your children’s college fund?

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at)yahoo.com or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

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