Top five (legitimate) investment options

We often hear people encouraging us to invest and put our money to work for us. Studies show that millionaires do not depend on just one source of income. Here are top five legitimate investment options that can open up multiple income streams for you:

1. Bonds 

Bonds is a low-risk investment channel that is perfect for those who are wary of taking huge investment risks. Investing in bonds is a lot better than putting all your money in a savings or deposit accounts because it offers higher interest rates.  Most banks can help you get started with investing in corporate bonds and some government bonds.

2. Mutual Funds

Investing in the stock market can be overwhelming for first-timers. You can start with putting your money in a  mutual fund. Mutual fund is a pool of money from different investors and distributes them to stocks, bonds, and more.

3. UITFs

Unit Investment Trust Funds (UITFs) is an investment fund managed by experts to ensure quality returns.  Same as mutual funds, UITFs are also pooled investment funds. The key difference is, UITFs are investment products offered by commercial banks.

4. Variable Universal Life Insurance  (VUL)

A VUL is a financial product that offers insurance benefit and fund accumulation. What makes VULs a great investment tool is its liquidity—you can access the fund value in case of financial need.

5. Stocks

Stocks is an equity investment that represents part ownership in a corporation that entitles you to a part of the company’s assets and earnings. This type of investment needs constant monitoring. The perfect opportunity in stocks is when you buy stocks for a low price, and sell for a much higher cost.