Renovating your portfolio: Unlocking new opportunities with real estate
(Conclusion)
Last week, we began exploring the unique opportunities and benefits that investing can offer to dynamic, forward-thinking Filipinos. Here are the other ways you can explore to enhance your financial well-being this new year.
Leveraging technology for smarter investments
The younger generation is tech-savvy, and this can be a powerful asset in real estate investing. Utilizing online platforms and digital tools can streamline the investment process, making it more accessible and efficient for those looking to dip their toes into the real estate market.
This is why FirstMetroSec’s online, paperless account-opening is a game-changer. Filipinos, wherever in the world they may be, can open their own investment account in under 10 minutes, available 24/7.
Diversification for long term stability
Diversifying your investment portfolio is a key principle of wealth management. Being able to invest, monitor and renovate your portfolio by just using your smartphone will surely give you all the advantage and convenience.
FirstMetroSec allows Filipinos to even tap into more than 130 peso- and dollar-denominated mutual funds, unit investment trust funds, feeder funds and fund of funds from ATR Asset Management (ATRAM), BPI Wealth, First Metro Asset Management (FAMI), Manulife Investment Management & Trust Corp. (MIMTC), PhilEquity Management Inc. (PEMI), and Sunlife Asset Management Inc. (SLAMCI) without having to open accounts with them—minus the sales fees. These investment vehicles can help you grow your hard-earned money so you can eventually afford the down payment for that dream property you have on your vision board.
Real estate will complete the suite of your investments, providing you with an excellent avenue for diversification, reducing risk, and enhancing overall portfolio stability. For Filipinos young and old, this is a strategic move towards financial security.
Unlocking the potential of rental income
You don’t need to sell real estate to make money. Real estate isn’t just about property appreciation—it’s also about generating a regular stream of income. With the demand for rental properties on the rise, especially in urban areas, young investors can capitalize on this trend to create a consistent stream of passive income by way of rental or lease income.
Government initiatives and incentives
The Philippine government has introduced various initiatives and incentives to promote real estate investments. Understanding and taking advantage of these programs can significantly boost the financial returns for young investors, making the journey to wealth building smoother.
One of these is the opportunity for Filipinos to make money from real estate without having to break the bank by way of real estate investment trusts (REITs). This allows Filipinos to share in the growth of REIT companies and partake in their income through quarterly cash dividends.
What’s good about this is FirstMetroSec happens to be one of the few accredited REIT brokers in the country. That means with FirstMetroSec, you do not only get to invest in a wide array of legitimate investment vehicles, it also helps you save and invest for your dream property!
Building long term wealth
As we embark on a new year, we all have the chance to redefine ourselves not only personally but also financially. Investing in real estate, as an example, stands out as a promising avenue for building long term wealth. And by harnessing the power of technology, understanding market dynamics, and leveraging government incentives, it is never too late nor never too early to renovate your finances.
At the end of the day, you will have to help yourself pave the way to a prosperous and secure future. This year, let “New Year, New Me” also mean “New Wealth, New Opportunities”.
