Why Retirees Should Invest in Baguio City Real Estate and Stocks?
People in the workforce are now offered an early retirement at 60 years old. Yet, some of our beloved seniors are still that strong that they can “pull a carabao.” Because of this “extraordinary strength” that they got, they extend their service to the workforce until the age of 65 where retirement by then is compulsory.
Because of that, what will we recommend to the seniors of our workforce who are not yet ready (but are required to) retire?
One way is investment of their pension in Baguio City’s real estate or the stock market. Let us check out what are those before we do recommendations.
What is investment?
Just what is “investment”? Simply put, it is “Money committed or property acquired for future income.” It can also be put as “creation of capital or goods capable of producing other goods or services.”
What is real estate?
So, what is real estate? Nowadays, why are so many attracted to the idea of investing in real estate? Let us answer these questions.
According to investinganswers.com, “Real estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, wells, etc. Vacant land and residential lots including condo units, plus the houses, outbuildings, decks, trees sewers and fixtures within the boundaries of the property are examples of real estate.” Why do so many investors today opt to invest their money on real estate?
For one, house and lot is one of the basic needs of a family. A family needs to have a permanent address so that a local government unit (LGU) will be able to register them under their care and authority. This way, they will be able to avail of services that only residents within that LGU are qualified for. Not to mention is the fact that they will no longer have to pay for rent that is ever rising nowadays most especially in the urban areas. If they will be able to acquire a lot aside from a house, they will also be able to grow food for their own family. This will also mean lessened food expense for the family as well. What is more, house and lot can be given as inheritance to their children, or to anyone they wish for that matter.
What is stock market?
The website themint.org defines stock market as “a place where stocks and bonds are "traded" – meaning bought and sold. For many people, that is the first thing that comes to mind for investing. The goal is to buy the stock, hold it for a time, and then sell the stock for more than you paid for it.” Why would a company sell units of ownership to people such as retirees? Well, two of the reasons are: “improve the products they have and hire more employees.”
Seniors in this regard have lived long enough for them to have comments on how good/inferior the quality of products nowadays are compared to before. And since they think they still have “something” to contribute to the workforce, they will still be a welcome to the stock market, wherein the Truly Rich Club by Bo Sanchez can lend a hand.
We had just seen why investing on stock market and real estate is good for retirees. Pension for our seniors are definitely enough for them. But if out of their golden hearts they still want to help their family as well as their community, investing a part of their pension on real estate or the stock market would be good options.