Embassy, OFBank hold webinar to educate Filipinos on ‘basics of investing’ – The Peninsula

Embassy, OFBank hold webinar to educate Filipinos on ‘basics of investing’ – The Peninsula

The third of four sessions of the financial literacy webinar for overseas Filipino workers in Qatar was organised on Friday by the Philippine Embassy in Qatar and Overseas Filipino Bank (OFBank).

Gerald Heriales, OFBank’s overseas representative officer in the Middle East, led the third online discussion on basics of investing.

Heriales noted that there are three stages of financial freedom: save, invest and insure, and saving is the foundation to attain the latter two.

“The objective of investing is capital preservation. This is to maximise the value of your extra capital by acquiring additional asset or item for capital gain.”

He goes on to explain that “generating income or capital appreciation” is the ultimate reason individuals invest. Savings are intended to preserve capital, whereas investments are meant to increase capital.

There are four types of investment people can venture into: shares, cash, property, and fixed interest securities.

Other types of investment meanwhile include: foreign currency, collectibles such as art and antiques, and commodities like oil, coffee, corn, rubber or gold.

Discussing the return on investment, Heriales emphasised that it “depends on where you put your money in, and it could be paid in a number of different ways: dividends (from shares), rent (from properties), interest (from cash