Screwtape Posted February 24, 2006 Share Posted February 24, 2006 Very useful info here.... I lost a lot of money hanging on to foreign currencies for the last year or so. Euro has dropped from a highest P76 late December 2004 to P60+ something today. If you think in scale of tens of thousands of euros then that's a lot just for the currency rate drop. USD hasnt been going up either. So now I'm thinking of just converting all these to Peso and invest them in UITF or other better performing investments. Would you guys agree with this? If yes, can you point me to which bank currently has a better deal on this? I have already talked to Equitable PCI and the figures I got are 10-11% interest per annum based on last year's performance. The manager also told me that it is very rare that this goes lower than 9% so it seems ok with me. Do you have better suggestions? Quote Link to comment
coldfussion Posted February 24, 2006 Share Posted February 24, 2006 try the other banks such as banco de oro or metrobank. Quote Link to comment
valjean Posted February 26, 2006 Share Posted February 26, 2006 how about banco de oro's UITF?...does anyone know wether they give dividends or not?...<{POST_SNAPBACK}> ========= I've additional info. If you really want dividents, you can purchase (when available) Retail Treasury Bonds issued by the phil. gov't. Interest from the RTBs are deposited into your settlement savings account every quarter ata. Quote Link to comment
Dr_PepPeR Posted February 26, 2006 Share Posted February 26, 2006 ============ Most UITF funds will not pay dividends. All profits (net of management fees) are invested back into the fund. For example: You invest P100,000 composed of 1,000 units of P100/unit on day 1. The P100/unit will increase daily such that it may be worth P105/unit on day 10. On day 10, your investment is now worth P105,000. You can withdraw the P5,000 if you want by withdrawing the equivalent number of UITF units.<{POST_SNAPBACK}> Unit Investment Trust Funds (UITF) are just like the old common trust funds. It is open ended, which means you go in or out as you please. If you are talking about dividend declaration, thesre is NONE as the nature of UITF is not like a stock wherein dividends are declared by the Board of Dirctors. The behavior of a unit of holding in a UITF is much like a share of stock wherein its market value changes everyday. So the earnings of a unitholder in a UITF will come from the rise in the market value of the unit, aside from the income of the assets of the fund itself. Both of these are used in computing the net asset value per unit (NAVPU) everyday and it is up to the unitholder to realize his profit by redeeming his units or just letting the fund manager try to increase the NAVPU as time goes by. So to be short about it, no dividends are declared for UITF by its very nature. Quote Link to comment
Dr_PepPeR Posted February 26, 2006 Share Posted February 26, 2006 Very useful info here.... I lost a lot of money hanging on to foreign currencies for the last year or so. Euro has dropped from a highest P76 late December 2004 to P60+ something today. If you think in scale of tens of thousands of euros then that's a lot just for the currency rate drop. USD hasnt been going up either. So now I'm thinking of just converting all these to Peso and invest them in UITF or other better performing investments. Would you guys agree with this? If yes, can you point me to which bank currently has a better deal on this? I have already talked to Equitable PCI and the figures I got are 10-11% interest per annum based on last year's performance. The manager also told me that it is very rare that this goes lower than 9% so it seems ok with me. Do you have better suggestions?<{POST_SNAPBACK}> If you are in US$ just keep it as is and invest in a US Dollar UITF. Almost all the big banks have them and most of their assets are in ROPs and Dollar Time Deposits. Look at their historicals, they have been performing very well as they have been managing their ROPs very well. If you convert to Phil Pesos now you may lose on the conversion factor, particularly if you had bought it when the Phil Peso was doing poorly against the Dollar. Quote Link to comment
Dr_PepPeR Posted February 26, 2006 Share Posted February 26, 2006 ========= I've additional info. If you really want dividents, you can purchase (when available) Retail Treasury Bonds issued by the phil. gov't. Interest from the RTBs are deposited into your settlement savings account every quarter ata.<{POST_SNAPBACK}> Technically speaking RTBs do not pay dividends, they pay interest, or coupon payments, just like any other fixed income instrument. Only stocks pay dividends, which are at the whim of the Board of Directors as to when and if they are declared, unless they are preferred stocks, which behave like fixed income instruments. Usually RTBs are cornered by institutional investors so you may still have to go through a bank or a financial institution to be able to get RTBs. Quote Link to comment
scooby91 Posted February 28, 2006 Share Posted February 28, 2006 what bank in Singapore fo you have in mind? How much the minimum to open an account? you can actually invest here, we also have global funds offered by banks and investment companies..<{POST_SNAPBACK}> really? any local bank that offers clients access to: DBS, ABN AMRO, ABERDEEN, FIDELITY, SCROEDER funds?i just opened an account at DBS... min initial amt to invest in most funds is SGD1,000 i think. Quote Link to comment
valjean Posted March 5, 2006 Share Posted March 5, 2006 Since we have discussed the merits of mutual funds, which among the available funds in the phil. market has the best returns? Quote Link to comment
xircom Posted March 17, 2006 Share Posted March 17, 2006 Tanong ko lang, sino ang currently with Philequity funds? Mukhang ok ang returns, pero kamusta naman customer service, sales load, etc....Hope someone here can provide answers Quote Link to comment
pogingpogi Posted March 17, 2006 Share Posted March 17, 2006 mga bro sino sa inyo kumuha ng bonds sa philam musta ok ba balik? panu diskarte dito.? Quote Link to comment
Dr_PepPeR Posted March 19, 2006 Share Posted March 19, 2006 Suggest you guys go to the big banks branches (Metrobank, BPI, EPCIBank, Banco de Oro) and ask about their UITF. Banks have better distribution centers (the branches) and see to it that customer service is maintained plus will often have complete data. Bangko Sentral ng Pilipinas is stricter that the Securities and Exchange Commission which is the regulatory body for Mutual Funds. Quote Link to comment
financial advisor Posted March 19, 2006 Share Posted March 19, 2006 To each his own, learn and educate yourself about the different investment vehicles available before you park your money. pogingpogi, i already sent you pm reagarding Philam Funds. Quote Link to comment
financial advisor Posted March 19, 2006 Share Posted March 19, 2006 To each his own, learn and educate yourself about the different investment vehicles available before you park your money. pogingpogi, i already sent you pm regarding Philam Funds. Quote Link to comment
bRIX Posted April 1, 2006 Author Share Posted April 1, 2006 any new infos guys? Quote Link to comment
bahaykubo73 Posted April 1, 2006 Share Posted April 1, 2006 Tanong ko lang, sino ang currently with Philequity funds? Mukhang ok ang returns, pero kamusta naman customer service, sales load, etc....Hope someone here can provide answers <{POST_SNAPBACK}> pre, i'm into phileq.. got to open last 2 mos with themthey have a mktg arm right now -- EBIZ << nasa western union braches. mas maganda yng meron in-house manager .. mas maganda yng services. at makapag tanong k ng mga questions mo. but if your near PSE just go there nandon yng Phileq. Quote Link to comment
bossing^vic Posted April 2, 2006 Share Posted April 2, 2006 any ideas kung saan pwedeng papalit iraqui dinars :evil: Quote Link to comment
xircom Posted April 3, 2006 Share Posted April 3, 2006 pre, i'm into phileq.. got to open last 2 mos with themthey have a mktg arm right now -- EBIZ << nasa western union braches. mas maganda yng meron in-house manager .. mas maganda yng services. at makapag tanong k ng mga questions mo. but if your near PSE just go there nandon yng Phileq.<{POST_SNAPBACK}> Salamat ng marami bahaykubo... Quote Link to comment
bRIX Posted April 8, 2006 Author Share Posted April 8, 2006 does EBIZ get a cut when you invest in philequity? kasi if that's the case mas mabuti pang derecho na ako sa philequity makipag transact. Quote Link to comment
magnus Posted April 10, 2006 Share Posted April 10, 2006 sa equity mutual funds, philequity and atr-kim eng. the first one more reliable kasi matagal na but they are the top earners Since we have discussed the merits of mutual funds, which among the available funds in the phil. market has the best returns?<{POST_SNAPBACK}> Quote Link to comment
magnus Posted April 10, 2006 Share Posted April 10, 2006 customer service is very good. ano ang sales load? Tanong ko lang, sino ang currently with Philequity funds? Mukhang ok ang returns, pero kamusta naman customer service, sales load, etc....Hope someone here can provide answers <{POST_SNAPBACK}> Quote Link to comment
airwaves Posted April 13, 2006 Share Posted April 13, 2006 my money is with bdo, metro, bpi and sunlifemonitor them everyday sa net, sunlife sucks bigtime.bdo bestmetro very goodbpi good din Quote Link to comment
magnus Posted April 17, 2006 Share Posted April 17, 2006 bakit sunlife sucks? hehehe a friend of mine is an agent o fsunlife. she keeps selling me their stuff... but since i'm in an agressive mode, i go for the top earners. my money is with bdo, metro, bpi and sunlifemonitor them everyday sa net, sunlife sucks bigtime.bdo bestmetro very goodbpi good din<{POST_SNAPBACK}> Quote Link to comment
valjean Posted April 17, 2006 Share Posted April 17, 2006 BPI's ALFM makes good returns since Jan 06 till now. Downside is ang tagal ng holding period (6 months). Quote Link to comment
dj25 Posted May 17, 2006 Share Posted May 17, 2006 i'm beginning to invest to this kind business, however, i still lack the knowledge and hindi ko pa siya masyadong maintindihan. siyempre i don't want to invest something na di ko maintindihan. sir financial advisor, meron ba kayong ginagawang seminars for this kind of investment. maraming ring newbie na katulad ko ang interesado sa ganito kaya lang marami pa ring question. kung meron man where and when para maayos ko ang sched ko. Quote Link to comment
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