THOUGHTSKOTO

Friday, July 10, 2015

WHERE TO INVEST: AGRICULTURAL PROPERTY O CONDO UNIT IN THE METRO?

READ OUR COMPARISON HERE WHY HOUSE AND LOT IS WAY BETTER THAN A CONDO UNIT.

Our ex-OFW turned businessman and OFW advocate Lito Soriano posted this comment in light of the tumble of the stock market market in China and the hesitations of the investors in the drama of Europe and Greece. The Philippine Stock Exchange or the PSE index is not insulated by these global turmoil, from an all-time high of more than 8,000 points, it went down to 7,200 points a lost of almost 800 points in a matter of weeks.

Lito Soriano: Great Lessons: "Dear OFWs, the stock market, condos-real estate in the cities are not the safe place to put your savings. I suggest you Invest/buy agricultural lands and properties in your own province where you were born."

This a property bought by an ex-OFW friend named Mela. She invested her hard-earned money in buying this property for P250K. About 6 people manage the land, from tilling to planting and harvesting and she is just waiting for her share. 50/50 share. If these rice could produce 100 sacks, she will have 50 sacks, the other 50 sacks will be for the one taking care of this farm land. Not bad, right?