If you’re a single professional planning for the future, one of the best ways to leave a legacy to your future family is through investments.However, if you’re looking at growing your family and have invested in more than a few things, you might also want to consider property investments.

2013 is the year the Philippines became investment-grade, meaning more investors are confident in the Philippine economy. According to an article by Philippine Star, the nation now has “a strong ability to meet its financial commitments fully and on time.” With good news on the Philippine economy, more and more opportunities are opening up for Filipinos for investments.

What would be good investments for Filipinos? Here are some ways you can invest in the Philippines:

• Life insurance. One of your safest bets for investment is through life insurance, to secure funds for you and your family in case of emergencies, accidents, or death. Even just getting term insurance, or short-term insurance, will be a big help for you.
• Property investments. Next to life insurance, obtaining a house or condo is a great way to invest. Whether you’re interested in a Eastwood condo or a McKinley Hill condo, the market is wide and lucrative for different properties. Obtaining these properties, especially if you work within these areas, would be a great help for your and your family.
• Mutual funds. A good way to also invest is helping your money accumulate compounded interest through a mutual fund. This type of investment builds upon itself and allows you to choose risk levels, depending on your personal preferences.

While these investment opportunities are a good help in securing your future, many financial advisers recommend diversifying your investments for greater financial returns. Financial experts also recommend securing an emergency fund with three to six months worth of income before any investment can be begun, in case of emergencies such as loss of a job, sickness, or death of a family member.

Numerous resources are available online for the types of investments you would like to take. It always helps to do your research and ask around for the best kind of investment based on your budget, timeline, and risk personality. Good luck