I plan to work at GSIS until 2022, at the earliest, to earn my pension. In the mean time, I have already opened a COL account and bought stocks from BPI & San Mig. My target is to build up my portfolio and have 500 shares from each corporation until June 2016.
Next month, I'll open a BPI balanced fund account. I will build it up as much as I can, as fast as I can. I'll use the earnings from this account to finance my travels and a few other luxuries.
Hopefully by age 55, I can retire, sell my stocks, live off its proceeds, maybe travel 3 times a year. Starting age 60, my pension should be enough for me.
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2 comments:
Sounds good. What's a balanced fund account?
Does my plan sound feasible? A balanced fund is a combination of (definitely safe with fairly low earnings) government bonds and (slightly risque and slightly higher returns) equities/stocks.
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