sharkhead

The historical yield of trust funds with purely fixed income portfolios will tend to follow that of government securities. Yes it would approximate that of UITFs if the investment outlets are more or less the same. Hard to answer such a general question but it would approximate a little more than one year Tbills if kept for a year or more.

 

Fine print is historical yield is not a guarantee of future performance.

Would you have any idea on the historical yield of the non-fixed income UITFs?

Hi to all lawyers in this thread.

 

Just have a question about my unpaid credit card amounting to P120,000.

 

I have been unable to pay my monthly amortization for 2 months now. Im just a plain employee at our company. And im really having financial difficulties right now. What remedies is readily available for the bank to collect from me? Can they attached my salary? Will i go to jail? Thanks.

i'm not a lawyer (yet) but with regard to the remedy the bank has, take note that they can avail of this provision:

"SEC. 40, Rule 39 Rules of Court. Order for application of property and income to satisfaction of judgment.—The court may order any property of the judgment obligor, or money due him, not exempt from execution, in the hands of either himself or another person, or of a corporation or other juridical entity, to be applied to the satisfaction of the judgment, subject to any prior rights over such property.

If, upon investigation of his current income and expenses, it appears that the earnings of the judgment obligor for his personal services are more than necessary for the support of his family, the court may order that he pay the judgment in fixed monthly installments, and upon his failure to pay any such installment when due without good excuse, may punish him for indirect contempt."

dr pepper, thank you for the very interesting topic.

i've never invested in trust funds because of the fine print. i keep my money in my savings account. but that doesn't yield much and with inflation, it just doesn't make sense.

i was just wondering what the historical yield of trust funds were for the past years? and will this be approximately the same as that of UITFs which are invested long term, say 2 to 3 years? i know that it's a huge risk but, in your opinion, around how much will UITFs yield?