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Good day dudes.

 

I need to start a fund for my college class that will see our money grow over the next 15+ years so that by the time our Silver Jubilee Homecoming comes around, we have a nice budget for donations and celebration events. Are there any recommendations for where I can place our money and make anything better than TD rates? This is going to start at 50K and will be periodically added on to by donations. This has to be placed in an account or fund that has to be signed off by more than one person, just as an added security feature for the class.

 

Thanks.

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Good day dudes.

 

I need to start a fund for my college class that will see our money grow over the next 15+ years so that by the time our Silver Jubilee Homecoming comes around, we have a nice budget for donations and celebration events. Are there any recommendations for where I can place our money and make anything better than TD rates? This is going to start at 50K and will be periodically added on to by donations. This has to be placed in an account or fund that has to be signed off by more than one person, just as an added security feature for the class.

 

Thanks.

 

Not advisable to simply place it in a certain product and let it stay for quite a while. The key is to ocassionally monitor the trend and to shift from time to time. It all depends on your objective. Safekeeping or a certain target.

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If these were our batch funds, i would deposit them in a double your money in five years time deposit. Or if you really can let it sit for 10 years, put it in a mutual fund but if do not want to pay the relatively high management fees of 2%, you can buy blue chip stocks through online trading. You can never go wrong with SM Prime, Ayala Land, PLDT, Sunlife,etc

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If these were our batch funds, i would deposit them in a double your money in five years time deposit. Or if you really can let it sit for 10 years, put it in a mutual fund but if do not want to pay the relatively high management fees of 2%, you can buy blue chip stocks through online trading. You can never go wrong with SM Prime, Ayala Land, PLDT, Sunlife,etc

 

Best bet is double your money for as long as the doubled amount is not more than P250,000, PDIC coverage.

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Ok thanks. Any suggestions for a bank to put this in. BDO doesn't have one.

 

I suggest you open a trust account which will give you some leeway in directing where the investments should go. It also gives you the option to customize your account with a trust agreement stating that it is for your batch's jubilee so no one can question the purpose or ownership of the funds. Try looking for a small bank that has a trust department. The big banks will not bother with a 50K fund.

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  • 2 weeks later...
Best bet is double your money for as long as the doubled amount is not more than P250,000, PDIC coverage.

 

 

is there any bank offering double money in 5 years these day? i remember some years ago dami ganun. mom ko panga nag enrol sa aken nun before. iba't iba bangko. sobra sulit nun.

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is there any bank offering double money in 5 years these day? i remember some years ago dami ganun. mom ko panga nag enrol sa aken nun before. iba't iba bangko. sobra sulit nun.

 

In order to double your money in five years, the investment manager has to get something like 14% net a year. Nothing safe or legitimate makes that much nowadays.

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Some rural banks offer 20% interest per annum for a lock-in period of 5 years so that there is no withholding tax applicable. Other rural banks offer 16.66% and 15% per annum. Interest is paid out monthly. They can offer such a rate because they are microlenders charging an interest rate of 3-4% per month. All deposits up to a maximum of 250k per account are covered by PDIC.

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  • 2 weeks later...

Ewan ko. Kung ako lang, forget about putting up the fund. Anything with money is bound to stir up trouble and in the end back it will be cause of some broken friendship.

 

Anyways at the rate we are exporting people, more than half your class might be outside the country after 15 years. By which time if they are still interested in a homecoming, any double your money scheme is small change for them.

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Ewan ko. Kung ako lang, forget about putting up the fund. Anything with money is bound to stir up trouble and in the end back it will be cause of some broken friendship.

 

Anyways at the rate we are exporting people, more than half your class might be outside the country after 15 years. By which time if they are still interested in a homecoming, any double your money scheme is small change for them.

 

@valjean

This is OT. I wouldn't normally respond but...

 

Half of my classmates are already outside the country. Homecoming projects to help our college and our country is a matter of pride in our school.

 

Putting up the fund, whether contributions will eventually be pocket change or heavy checks, will still entail wise investment, thus the purpose of this thread.

 

@ninja-girl

Anyway, I think you might want to look at citiseconline.com for online stock trading.

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  • 1 month later...
  • 2 months later...

HI I work in a bank, i would suggest you put some at time deposit then as it it matures, why not place it at Ayala Land Investment fund. We also offer Time deposit placements where in you can put in 1 to 2 years time principal plus interest. Since your starting fund is 50k why not place it at time deposit first. then when you have several donations received in a certain period then we can consolidate the proceeds to get a higher interest rate for the placement. dont place it for too long so you can add additional funds upon it's maturity. Do PM me for more inquiries.. thanks

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HI I work in a bank, i would suggest you put some at time deposit then as it it matures, why not place it at Ayala Land Investment fund. We also offer Time deposit placements where in you can put in 1 to 2 years time principal plus interest. Since your starting fund is 50k why not place it at time deposit first. then when you have several donations received in a certain period then we can consolidate the proceeds to get a higher interest rate for the placement. dont place it for too long so you can add additional funds upon it's maturity. Do PM me for more inquiries.. thanks

 

I'm assuming you work at either BPI or BPI Family Bank. Is the Ayala Land Investment Fund a mutual fund? What are the rates for a 1 to 2 year time deposit? I hope you don't mind if I didn't PM this inquiry, I think all of us would benefit if you post your answers here. Thank you.

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I'm assuming you work at either BPI or BPI Family Bank. Is the Ayala Land Investment Fund a mutual fund? What are the rates for a 1 to 2 year time deposit? I hope you don't mind if I didn't PM this inquiry, I think all of us would benefit if you post your answers here. Thank you.

 

I agree with Dr. Pepper. It would benefit the other members who might be interested in different products.

 

However, it's the first time I heard of an Ayala Land Investment Fund. As far as I know, the mutual funds sold by the SEC accredited agents of the bank are the ALFM Peso Bond Fund, Dollar Bond Fund and Euro Bond Fund. Are you from BPI? If I remember my agent explaining it before, ALFM stood for Ayala Life Fixed Income Fund before it was changed to a new name of ALFM Peso Bond. Perhaps you are referring to this product?

 

Now, if it is a UITF, I also haven't heard of any Ayala Land unit invesment trust funds? Would you like to enlighten us all?

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  • 3 weeks later...
hi! i have a stupid question: where can we buy blue chips online?

 

im also looking for venues to invest some of my savings. ^^

It's not a stupid question. Actually, a lot of people don't know where to start when it comes to playing in the stock market. In a way it's not off-topic since you asked about blue chips which you typically hold long term compared to the second liners and the chupita stocks.

 

You have two ways of going about this either through a red-blooded broker or through online systems. The advantage of going through a broker is the input and the guidance they can provide but if you're shy (which is typically the case) you can go to these sites: firstmetrosec.com.ph, bpiexpressonline.com, citiseconline.com. there maybe others (i doubt it) but these are the ones worth their salt.

 

Now since you mentioned you wanted to invest in blue chips i'm assuming you won't be trading actively but rather like a wham-bam-thankyou-m'am kind of thing where you just buy and forget about it. I suggest you go through a live broker so that you can be given the proper recommendations. Log in to pse.com.ph for the FAQ and a list of the member brokers and their contact numbers. Hope this helps :)

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  • 1 month later...

Just like to inform you guys...Metrobank is offering lower Tier 2 from Oct. 1 to Oct. 10, 2007. It is a subordinated debt instrument issued by Metrobank with term of 10 years but callable in 5 years. Minimum placement is P500,000.00 with interest quoted at 7% net (highest in the market as of date) payable every quarter. If anyone's interested, just PM me for details. Hurry, offer period ends Oct. 10, 2007.

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LT2 of Metrobank is a tradeable instrument. Pretermination is not allowed, however, you can buy or sell these if there's demand/supply. Bid price/offer will be determined at the time of trade hence you may experience capital gain or capital loss as the case may be.

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  • 1 month later...

isn't 7% just more or less enough to offset the inflation?

 

Just like to inform you guys...Metrobank is offering lower Tier 2 from Oct. 1 to Oct. 10, 2007. It is a subordinated debt instrument issued by Metrobank with term of 10 years but callable in 5 years. Minimum placement is P500,000.00 with interest quoted at 7% net (highest in the market as of date) payable every quarter. If anyone's interested, just PM me for details. Hurry, offer period ends Oct. 10, 2007.
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online systems are also brokers. you can only buy a stock through a broker. hehehe

 

what i think you mean is "online systems" and a "consultant" broker/agent. i'm not really certain what is the proper term for the latter.

 

anyway an online system is for the broker to let you place orders on your own and trade on your own. before online systems you need make a call to your broker/agent and he/she will place your order. and since may human interaction, more often than not you consult with that person on what the good buys or sells are.

 

You have two ways of going about this either through a red-blooded broker or through online systems. The advantage of going through a broker is the input and the guidance they can provide but if you're shy (which is typically the case) you can go to these sites: firstmetrosec.com.ph, bpiexpressonline.com, citiseconline.com. there maybe others (i doubt it) but these are the ones worth their salt.
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