READ: How to double your money this 2021
The COVID-19 pandemic has put so much economic strain on the finances of Filipinos. Some lost their jobs while others earn less money because some companies are cutting work hours. It's a very challenging time, indeed.
So, if you are looking to grow your savings this 2021, maybe you can learn a thing or two from vlogger and entrepreneur Carlo Ople.
Yes, the titan of the tech vlogging world in the country is an accomplished businessman. Carlo is also the grandson of former senator and foreign affairs secretary Blas Ople.
In his vlog entry last January 5, the popular content creator dished out some helpful tips on how to grow your money. He shared three things you can try to increase your wealth by even 10 folds.
Investing on sneakers
One of the investment tips Carlo shared to his YouTube followers is that you can earn a lot of money from buying and selling one-of-a-kind high-end kicks.
According to him, he was able to sell a unique Jordan One sneaker for P250,000! How?
Carlo explained, “I bought a bunch of Off-White Jordan One's at around P100,000 to P120,0000 a piece. Off-White Jordan One Chicago's [is] obviously one of the most hyped kicks, so I bought a couple of dead star pairs prior and I was able to sell several of them. Actually I had four, I sold three. I sold them for P200,000 to P250,000 each.”
“So that was a return of like a hundred percent, literally halos nag-doble 'yung pera ko doon. The tip there is if you can identify pairs--does not necessarily have to be P100,000--that you know will go up in price, hold on to them and then sell them later on once the value is at [a] better price point.”
Photo by: carloople IG
Time to study stocks
Remember the stock market crash in March 2020?
Based on a Rappler report, the Philippine Stock Exchange index (PSEi) crashed to an eight-year low on March 19, which wiped out P1.16 trillion in the stock market.
While most investors were hiding under a rock during the COVID-19 pandemic, Carlo did the opposite way and bought stocks at very low prices.
In his vlog, he mentioned that he bought stocks like Ayala Land (ALI) and SPC Power Corporation at pretty attractive levels.
Carlo stressed that his investments in the stock market are all long-term.
“Another major investment that I made in 2020 is that I double down in the stock market. Now, I've always been investing in the stock market I have held onto several stocks prior, but when the market came crashing down, I just saw [an] opportunity,
“I just saw that this is the cheapest these companies will ever be and please do take note that I'm a value investor, I'm not a day trader. I usually hold on to the stock for an extended period of time.
“Usually, around three to five years. So hindi ako basta tumaas siya, ibebenta ko na or basta bumaba siya maii-stress ako ng todo, because I'm in investing period is always long-term.”
He also encouraged everyone to learn how the stock market works.
“I'm only sharing this with the hopes that encouraging you guys to do your own journey, begin your own journey and learning about the stock market, learning about the mutual funds, learning about the business, because of we all have different paths--ang importante magsimula na kayo,”
Photo by: pexels.com
Personal businesses
Another way that people can exponentially grow their money this 2021 is by putting up a business.
Carlo Ople noted that he has multiple income streams and his businesses are doing well even amid the pandemic.
He claimed, “If you guys don't know I own unbox.ph which is a gadget website. The traffic of that website has tremendously grown over the last year.
“Video views are also coming in spectacularly well. The revenue of that website have been gaining steadily.”
“I also have the Unboxed Creator Network, which is a talent management agency of tech content creators. Also doing rather okay, exceeding my expectations,”
Watch his vlog below:
Time to explore these investment tips given by Carlo Ople and use them to your advantage this 2021!
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