Why is 2024 a good time to start investing?
In recent years, investment activity in Asian countries has grown significantly, especially in the Philippines. This phenomenon is driven by several key factors: continuous increases in residents' income, improved financial literacy, and the younger generation's familiarity with technology. According to the 2023 report by American Manulife Group, the investment enthusiasm among Filipino youth has reached unprecedented heights. Data shows that 67% of Millennials have already participated in investment activities, 77% are actively practicing investing, and 79% intend to further expand their financial asset allocation.
"How should I choose from the many types of investments? Where should my funds be allocated? What are the best investment options in the Philippines?" These questions are among the most concerns for young people in the Philippines today. This guide aims to help readers find answers and make informed financial decisions.
The importance of learning about investing at a young age
Investing is a personal finance