tacamonchi

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.

My uitf officer texted me this pm that my navs went down further than yesteday's drop. baka 4% na lang ang annualized returns. Just waiting for the UITFs to stabilize (wishful thinking ba?) before i pull out and deposit in the rural banks that are now giving me 20% per year, net of tax. Mali yata ang pasok ko sa UITF- wrong timing....

My UITF officer called me yesterday to inform me that my phili. bond based UITF had gone down to 4.47% (and it was 4.82%) two days ago. Will stick it out and not contribute to panic selling but at the end of this month- may bail out.

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

tonyp- My PBCom uitf annualized is 4.82% as of yesterday. Can you tell me what bank gives you 6.27%- is it BPI Premium?

staying away from the equity markets this whole year- at this point, the risks of loss outweighs the possibility of gains. but if you had money for long term investmen and you still have faith in our stock markett, of course, buy blue chips.