Philanthropic organizations are encouraged to have careful investment planning of their financial resources in order to sustain their respective causes or endeavors today and in the future.
PHILANTHROPIC organizations are encouraged to have careful investment planning of their financial resources in order to sustain their respective causes or endeavors today and in the future.
“If your expenses exceed your receivable or your income, [then you will have a] deficit. So now you have to look at how are you going to fund that deficit,” he said during the 2nd Financial Planning Forum organized by Spring Rain Global last Thursday. “For example, government securities: five years [of its term] now will probably [be] giving five percent annually,” Bengzon said. He cited the report of the Trust and Investments Group of BDO Unibank Inc. that shows the 10-year peso government securities yield was at 7 percent and projected at 6.6 percent this year.
“They have different rates. Some corporates pay higher because their investment grade rated by the rating agencies is lower than other companies. If your investment grade is lower, then you will need to pay higher interest rate to attract investors,” said Bengzon. “Buy dollars. Do not only sit on US dollar cash but invest also in a fund that is low risk that gives you dividends in dollars,” Bengzon said.
“I think the global economy has not fully experienced the effects of interest rate hikes. So there might be a delay in disinflation spending. People are spending now,” Bengzon said. “But maybe they are wise enough to know that they need to cut their spending to reserve and to save for a rainy day. We’ll never know when the next pandemic will come.”
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