Everyone has a different investment journey. Mine began with Bonds. A bond is a form of loan where the holder of the bond is the lender (you), lets the issuer of the bond (government or company) borrow money with a fixed interest rate and definite maturity date. These are offered by the partner banks of the issuer. *Please do more readings before investing.
Why did I choose bonds, Government Bonds to be exact, as my first financial product? No it was not because of the interest rate. Though most bonds have higher interest rates than savings products offered by banks, the gain from bonds is not really that big versus other investment products in the market.
I elected bonds to be my first asset in my portfolio to teach myself a habit. I believe that one’s investing journey, though expectedly is filled with risks, should start with a rewarding emotional association of “It is true. I earned from it!” as a “When it was my first time to invest.” memory. The interest value of PhP 300 added in my bank account back then as my first income from the bonds I purchased is an immortal investing reminiscent of pleasure. That gratification conditioned me to search and shop more money-generating instruments in the market. When the government paid back the sum of the bonds I availed at the agreed maturity date, the emotions became more desirable, addictive but in a wholesome connotation. That feeling gave birth to my investing habit. That memory is a powerful take-off to the loftier heights of my narrative as a financial product shopaholic. Have you created such memory? You have to create it for your sake.
It is more affordable now to buy bonds. You can own the least at PhP 5,000. Also an equally inviting reason to own some bonds now is, you can buy it right from where you are NOW using the PayMaya app. Thankfully, you don’t have to go to the banks, get a priority number and so on.
HOW TO BUY BONDS USING YOUR SMARTPHONE WITH PAYMAYA
Digital financial services leader PayMaya has extended its financial inclusion mission into the retail investing space with the government’s Retail Treasury Bonds offering.
Partnering with Bonds.Ph, a new online investment platform powered by the Philippine Digital Asset Exchange (PDAX) , it will now allow small individual investors to avail of the government’s next Retail Treasury Bond (RTB) offering using their PayMaya accounts.
1.Simply download the app using this link https://official.paymaya.com/CAK1/425eb133
2.Register for an account using only your mobile number. Earn P100 upon registration! Just copy and paste this code upon registration: < 1p374rl >
3.Add Money to your account to pay for the Bond.
Add Money Tip: You can Add Money through the 7-Eleven convenience stores near you.
Tap “Add Money” found at the App. Then choose on the “Add Money Partners”, tap the 7-Eleven box. Type the amount and tap continue. Show the bar code to the nearest 7-Eleven cashier. Pay for the amount. Wait for the SMS confirmation.
4.Download the Bonds.Ph app from the App Store for iOS users and Google Play Store for Android Users.
5.Register and verify your account.
6.Go to the Cash In section of the app and select Pay with PayMaya.
7.Choose the amount you want to cash in, then complete the payment process after receiving the payment details in your email.
8.Once your account has been funded, choose the bond offering you want to invest in, review the transaction details, and click “Buy” *Prospective investors can invest in amounts as low as P5,000 up to an aggregate of P500,000.
9.The subscription will have an “Awaiting Subscription” status until the final allocation is completed. All orders are considered final upon placement and can no longer be cancelled.
10.To check the status of your investment, click the “My Orders” button in the Bonds.Ph app. An email will also be sent to you for the notice of successful purchase of the Bond.
11.Once the investment has matured, you may also choose to withdraw the proceeds from your Bonds.Ph account straight to your PayMaya account. Simply choose PayMaya as the account where you will cash out your earnings. There is a minimal fee of P5 for every cash out transaction made through your PayMaya account.
12.Follow the Facebook page of the Philippine Bureau of the Treasury to be updated on the latest Government Bonds offering. https://www.facebook.com/TreasuryPh/
I bought a safe and fixed-rate financial instrument like Bonds not mainly with the expectation to gain big. I decided to buy some to create an enticing introduction of my investing journey. It motivated me a lot. My story has twists but is definitely not ending anytime soon. When are you going to start your investment journey?
*PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants, and government. Aside from providing payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines, PayMaya enables national and social services agencies as well as local government units with digital payments and disbursement services.
Through its app and wallet, PayMaya provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined. Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services. To know more about PayMaya’s products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.