How to have P 20,000 (5 years from now)

Today’s post is something about saving and investing. Following are the questions which I’m sure you also have asked to yourself when you think of investing your money or savings for retirement or planning for-good (OFW’s who return to Philippines and decided not go back to work abroad instead stay in Philippines either to work locally or start a new business).

Rey B Concepcion asked on how to have P20,000 monthly 5 years from now:
“I am currently working at Saudi Ceramic Company in Riyadh, Saudi Arabia. Through your column I’ve come to know that Citibank is giving free financial tips to your readers. Could you please share with me what would be the best investment vehicle available that could potentially offer me a P20,000 monthly income five years from now? And how much should I invest? Your assistance on this matter will be highly appreciated.” For the citibank advise on this question click here(opens in a new window)

Jose Jacildo has another interesting inquiry in search for 8% return for his $20,000 investment
“I’m 40 years old and have $20,000 in cash. I would like to invest this in a vehicle that earns 8% per annum. If I start now, how would I do it?” For the citibank advise on this question click here(opens in a new window).

You may also read this entry that explains more about investing.

More articles similar to this post can be found here.