Where should you put your money? NFTs (non-fungible tokens)? REITs (real estate investment trusts)? VUL (variable universal life insurance)? Mutual funds? Stocks?
In this episode of B-Side, Rex A. Mendoza, president and chief executive officer of Rampver Financials, a distributor of investment funds in the Philippines, shares financial advice and his picks for winning investment vehicles with BusinessWorld reporter Patricia B. Mirasol.
“A lot of people think that getting into a millionaire status means needing to earn more and save more. No. The real issue here is consistency,” he said. “It’s always a balancing act ... That’s why we recommend a robust portfolio that is diversified so that, through hell or high water, a part will do well, and the other part will recover when the time comes.”
Recorded remotely on Aug. 5, 2021. Produced by Paolo L. Lopez and Sam L. Marcelo.