*sirknightmarvz* Posted June 21, 2006 Share Posted June 21, 2006 Hi, just now i became interested in this kind of money making. Im starting to study and understand how this banking works. Simple question i want to know if i can start with a PHP 50,000 investment? what is the minimum amount is advisable? Thanks. Quote Link to comment
CodenameV Posted June 21, 2006 Share Posted June 21, 2006 You can always start investing with any amount. Some banks have units starting at P10,000 Quote Link to comment
Dr_PepPeR Posted June 21, 2006 Author Share Posted June 21, 2006 Good day pogingpogi, Would just like to clarify your statement regarding BDO's mega savings. Is that rate 5.5% per month? That would translate to over 60% a year and is kinda shocking. If it is true, is the rate guaranteed? Thank you.<{POST_SNAPBACK}> I'd say that was per annum and "mega savings" sounds like some form of special savings account, most likely with at least a 30-day term. Quote Link to comment
Dr_PepPeR Posted June 21, 2006 Author Share Posted June 21, 2006 You can always start investing with any amount. Some banks have units starting at P10,000<{POST_SNAPBACK}> And some even start with P5,000.00!!! Quote Link to comment
pogingpogi Posted June 22, 2006 Share Posted June 22, 2006 sir pepper sabi sakin per month eh...gulat nga ako eh...siguro mali dinig ko try to confirm it again kaso yun pagkadinig ko....kaya every 30 days punta daw ako bank para macheck ko ....confirm ko mabuti balitaan ko kayo kaagad.... Quote Link to comment
Dr_PepPeR Posted June 22, 2006 Author Share Posted June 22, 2006 sir pepper sabi sakin per month eh...gulat nga ako eh...siguro mali dinig ko try to confirm it again kaso yun pagkadinig ko....kaya every 30 days punta daw ako bank para macheck ko ....confirm ko mabuti balitaan ko kayo kaagad....<{POST_SNAPBACK}> Thanks, paki check, hula ko its 5.5% per annum but interest will be credited monthly. Kasi kung 5.5% per month yan lugi ang BDO, too high ang cost of money nila. Quote Link to comment
Talley Posted June 23, 2006 Share Posted June 23, 2006 pogi, Dr. Pepper, The current megasavings rate is about 4.8% and it's per annum. Have a good weekend all. Quote Link to comment
Dr_PepPeR Posted June 23, 2006 Author Share Posted June 23, 2006 pogi, Dr. Pepper, The current megasavings rate is about 4.8% and it's per annum. Have a good weekend all.<{POST_SNAPBACK}> Thanks for clearing that up! Same to you dude! Quote Link to comment
Talley Posted June 27, 2006 Share Posted June 27, 2006 Good day all, If you have any questions or conerns regarding stocks, UITFs, Mutual Funds, Pre-Need plans and Insurance products, Asenso Pinoy of ABC-5 will be holding a seminar this Sunday at the Mega Trade Hall of SM from 4 to 6 pm. So after you watch the Pacquiao match, try and drop by Admission is free. Quote Link to comment
johndoe Posted June 30, 2006 Share Posted June 30, 2006 is there a fee for the seminar? what are the topics? Quote Link to comment
parbust3r Posted July 4, 2006 Share Posted July 4, 2006 BDO's peso fund has been steadily rising the past few days. BDO dollar fund is steadier but should also increase in value as time goes by. Quote Link to comment
Dr_PepPeR Posted July 4, 2006 Author Share Posted July 4, 2006 BDO's peso fund has been steadily rising the past few days. BDO dollar fund is steadier but should also increase in value as time goes by.<{POST_SNAPBACK}> Ahhh yes of course but look at the other fixed income UITFs, same thing is happening. What I think you should look at is how far has it fallen since those awful end of May days and how slowwwwwly has it been creeping up. Then compare it with its peer fixed income UITFs. Personally I think BDO is one of the trust biggies that failed to explain to its UITF clients (and failed to train its marketing officers) exactly what they were getting into. They seem to have given indicative rates and/or annualized YTD ROIs as come ons to its UITF clients due to the pressure for them to beef up their UITF volume. If you guys have a different opinion, just post or PM me, I will try to discuss this objectively. Thanks. Quote Link to comment
CodenameV Posted July 5, 2006 Share Posted July 5, 2006 Ahhh yes of course but look at the other fixed income UITFs, same thing is happening. What I think you should look at is how far has it fallen since those awful end of May days and how slowwwwwly has it been creeping up. Then compare it with its peer fixed income UITFs. Personally I think BDO is one of the trust biggies that failed to explain to its UITF clients (and failed to train its marketing officers) exactly what they were getting into. They seem to have given indicative rates and/or annualized YTD ROIs as come ons to its UITF clients due to the pressure for them to beef up their UITF volume. If you guys have a different opinion, just post or PM me, I will try to discuss this objectively. Thanks.<{POST_SNAPBACK}> All of the major banks with significant UITF's have a problem with regards to educating their clients as they fail to regularly disclose the composition of investments that makes up that UITF. Another problem is that most clients are not able to understand the market risk inherent in such investments. The only benefit that an ordinary investor can have with such investments is the relative transparency and professional fund management. Quote Link to comment
Dr_PepPeR Posted July 7, 2006 Author Share Posted July 7, 2006 (edited) All of the major banks with significant UITF's have a problem with regards to educating their clients as they fail to regularly disclose the composition of investments that makes up that UITF. Another problem is that most clients are not able to understand the market risk inherent in such investments. The only benefit that an ordinary investor can have with such investments is the relative transparency and professional fund management.<{POST_SNAPBACK}> Under BSP Circular 447 all banks with UITF are required to disclose through the quarterly report the performance and asset composition of their funds. Posting or making it available through the branches are usually considered sufficient compliance. However, in practical terms, most of the big banks UITF asset compositions are readily available through their websites, and at the least, they come out with monthly reports. Besides, the same Circular limits investments only to those securities that can be marked to market so the choices for investment outlets for any UITF is limited as the mark to market requirement means that even when the banks go to a privately issued security, it has to be liquid. But you are correct in that the major banks failed to educate their clients but I would think it is more about the nature of the product where they came up short. The BSP, which gave the deadline for conversion of common trust funds to UITF, was not much help either, and they were making irresponsible statements during the recent drop in the UITF NAVPUs. Ang galing niyo talaga BSP. Edited July 7, 2006 by Dr_PepPeR Quote Link to comment
parbust3r Posted July 7, 2006 Share Posted July 7, 2006 what do you think about UITFs? should i pull out my funds from them? I also read somewhere that these UITFs would be taxed further. Dr. Pepper? Quote Link to comment
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