How I managed my investments amid COVID-19
I’m a wife, a mother, and an entrepreneur rolled into one. While I take these roles seriously, there’s a part of me that worries if I’m doing things right, especially regarding finances. This nagging doubt comes from knowing the financial struggles that people around me experience now and then.
I thought that if something similar happened to my family, we’d have a better fighting chance if we made our money work for us. This is why I became an investor as it would allow me to grow my wealth in time for emergencies or retirement.
My earliest investments were equities, fixed income securities, and UITFs. Banks here and abroad offer these products, and I was confident that my chosen investments could help me save and earn for my long-term needs.
Then, the pandemic happened. People were either losing their jobs, getting sick, or dying. Businesses struggled to operate.
As the situation took a turn for the worse, a deep sense of fright started to take over me. I was worried about the losses my investments were making day after day.
Even the local banks handling my investments were hard to reach. And when I got hold of them, their responses were the same: “The whole market is in crisis. We can only wait for it to get better.”
I was already preparing myself for the unthinkable, until one day, my phone rang and what I heard next was a sound of hope.
A Beacon of Hope
Before the pandemic, I signed up with an asset management company specializing in managing portfolios for Filipino investors. They’ve been in business for more than a decade, tailoring investment strategies for individuals and institutions.
Soon after COVID-19 made it in the headlines, I received a call from them. We discussed our action plan. The first order of business was to cut the losses on my investment assets to manage my downside risks.
My wealth and portfolio managers would get in touch with me regularly. Their voices were reassuring, their words sincere.
They told me that the crisis had dealt a blow to investors, but it also opened up new opportunities. They allocated my assets to markets outside of the Philippines and alternative investments such as gold, commodities, and more.
By this time, I was already giving them free rein to handle my investments. It’s called discretionary and active wealth management, and it made my road to recovery happen. I’m optimistic that this will lead me to a life of comfort in time for my retirement; thanks to my wealth and portfolio managers.
My amazing journey to the world of investing can be your own story too. Trust the professionals and let them manage your wealth for you. Don’t just take my word for it. Create your own investment success!
This story is brought to you by ATRAM Wealth.Visit < https://wealth.atram.com.ph/ > or contact us at (02) 8814-7805.
Written by Melina R. Sy for INQUIRER.net
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