Long Term Investment

[sunking]

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.

[tonyp]

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.

[sunking]

Thanks tonyp. Ok, I get the idea. I'm looking for a little of both safekeeping and gains, mostly the latter of course. Any suggestions.

[tacamonchi]

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]

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.

[sunking]

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

 

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

[Dr_PepPeR]

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.

[wek1012]

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.

[Dr_PepPeR]

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.

[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.

[ninja_girl]

hi! i have a stupid question: where can we buy blue chips online?

 

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

[valjean]

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.

[sunking]

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.

[trophyboy]

usually, double your money in 10 years..

[VentureMaker]

Invest it in mutual funds with half in stocks and half in bonds.