How to save money in super hard times

Hello investors,

Verniel here. It’s been a while!

As I write this, I am currently stuck at home with my wife and son. Just waiting out this “MECQ”. It’s amazing how time flies, isn’t it? I do hope you and your family are safe.

Some people ask me, “how can I keep a savings fund for investing in these super hard times?”

Well, that’s a tough one.

I, for one, have seen a dip in my own savings this past year. I’ve lost close to 200k of my emergency savings, can you believe that? That’s money that I could have put in more stocks, crypto, or downpayment in real estate.

But tough times call for tough measures as they say.

Despite losing some of my savings, however, there’s one constant thing that happens each time I receive a payday:

I put money in my investing fund.

And how is it done? Just do it!

Think about it, if you focus on what you have lost (financially) in this time, nothing can bring it back.

The only chance you have at recouping (if there’s such a word) what you lost is by planting seeds again.

If you lose the tree, then plant new seeds today!

And it requires discipline and a lot of grit.

Because those bills need to get paid. Meralco, Maynilad, and your landlord doesn’t waver.

But never let a payday go by without you at least putting money in your investment fund.

Once you have a sizeable amount in your investment fund, then invest it. Don’t lose it to Shoppee, Jollibbee Delivery or online shopping. If you haven’t found a good place yet to invest your funds, then park your money in a high yield savings account like Gsave or ING.

You can also try UITFs or guaranteed yield bonds.

The point is, get investing. Good times, hard times. Plant seeds. You owe it to yourself and your family.

In the past year, aside from stocks, I’ve made some gains in other asset classes like crypto, online banks, and of course, good old real estate.

I’m going to share with you stories about that in my future emails.

(I’ve got a lot of time in my hands to write these emails, so good time to catch up. If on the other hand, you no longer want to receive these email updates, feel free to unsubscribe by clicking the link at the bottom of this email. Thanks!)

That’s all for today. Keep safe!

Regards,
Verniel Cutar