Wednesday, February 24, 2010

UITF Triple Threat: BDO vs. BPI vs. Metrobank!


Last week, we introduced you to unit investment trust funds or UITFs. If you recall, a UITF is a type of investment where funds from several investors are pooled and invested in a portfolio of securities that is actively managed by a professional fund manager. In this post, we take a look at the different factors that you should consider in choosing a UITF and a side-by-side comparison of the UITFs offered by the biggest banks in the country.

1. Your risk profile and investment horizon

How do you view risk? Are you more of a risk taker or a risk avoider? How long can you afford to invest your money? Typically, your answers to these questions would follow a certain relationship: in general, risk-averse investors prefer to invest only in one year or less while risk-seeking individuals would be more inclined to play the game in the long run.
Your risk profile and investment horizon would determine the kind of UITF you should choose: for example, if you think you are a risk averse investor with a short investment horizon, then the highly liquid money market fund would be better suited for you. The rule of thumb is to match your risk appetite to the risk of the securities the fund is invested in. Below we see a side-by-side of three kinds of UITFs in terms of composition, risk, and liquidity considerations.


Money Market Fund
Balanced Fund
Equity Fund
Composition
Special Deposit Accounts (SDAs) and Treasury bills
50% Fixed Income Securities, 50% PSEi stocks
80 to 90% PSEi stocks
Fund Risk
Low
Medium
High
Minimum Holding Period
Up to 7 days
30 to 90 days
30 to 90 days

2. Minimum investment

Perhaps the most important measure of how affordable an investment is is the minimum required investment: many of us would probably love to own a Jollibee franchise, if only the required 25-million-plus-peso investment were within our reach. The same is true for UITFs, as banks require varying minimum investments for their UITFs. On a similar note, banks also require a minimum amount for additional investments, sometimes making it more challenging for simple investors to quickly increase their UITF participation.

3. Fees

Banks perform the service of safekeeping, managing, and balancing our funds for a fee (if you ever hear a bank give something, anything, away for free, let me know), or actually, several fees: the trust or management fee, custodian fee, audit fee, and early redemption fee, just to name a few. If you are a “price conscious” buyer of anything, then UITF fees should matter significantly to you. But to simplify things, let’s just focus on the two most significant fees: the annual management fee and the early redemption fee, which you’ll have to pony up in case you decide to sell your units before the minimum holding period expires.

Below we see how Banco de Oro (BDO), Bank of the Philippine Islands (BPI), and Metrobank compare in terms of minimum investment, fees, and minimum holding period for the three UITF types mentioned above.

Money Market Fund


BDO
BPI
Metrobank
Minimum Investment
100,000 pesos
50,000 pesos
50,000 pesos
Minimum Additional
100,000 pesos
10,000 pesos
25,000 pesos
Management/Trust Fee
0.50% per year
0.75% per year
1.00% per year
Early Redemption Fee
None
0.25% of original investment
50% of income
Minimum Holding Period
None
7 days
7 days

Balanced Fund



BDO
BPI
Metrobank
Minimum Investment
10,000 pesos
50,000 pesos
25,000 pesos
Minimum Additional
10,000 pesos
10,000 pesos
25,000 pesos
Management/Trust Fee
1.00% per year
1.50% per year
2.00% per year
Early Redemption Fee
0.50% of original investment
0.50% of original investment
50% of income
Minimum Holding Period
30 days
90 days
90 days

Equity Fund



BDO
BPI
Metrobank
Minimum Investment
10,000 pesos
50,000 pesos
25,000 pesos
Minimum Additional
10,000 pesos
10,000 pesos
25,000 pesos
Management/Trust Fee
1.00% per year
1.50% per year
2.00% per year
Early Redemption Fee
1.00% of original investment
0.50% of original investment
50% of income
Minimum Holding Period
30 days
90 days
90 days

4. Bank reputation

In the end, your choice of bank may just boil down to how much trust you place on each. Maybe you already have decades of pleasant experience with a particular bank, and you would want to reward it by giving it more of your business. Maybe you’re just trying to impress a cute bank teller of that bank; in that case, maybe there’s no minimum investment or management fee high enough to keep you from choosing the bank, or making a fool of yourself (no joke, I feel you bro).

5. That’s it

We’re done here? How about the each fund’s past performance? Shouldn’t that be a factor in choosing a UITF?

Now that you mention it—yes, it should. Well, kind of. While I might agree that better past performance may well indicate a better-skilled fund manager, in general all funds behave more or less similarly with respect to a particular benchmark like the PSEi; for the balanced and equity funds, for example, half the time you’ll see the fund outperform the benchmark, and half the time you’ll see it bite the dust, regardless of the bank, and the fund manager, for that matter.
Also, as a rule don’t rely on past performance so much; the future is waaaay less predictable than what many so-called professionals profess. If predicting the future were just as easy as getting the average fund yield in the past five years or so, then we would all be richer by now.

So, are you able to choose a UITF yet? I have. Because I think a can afford to invest a small sum in the long run (and also because I’m blinded by pure, unadulterated greed for high returns), I’m planning to invest in one of those equity funds, despite the looming cloud of uncertainty brought about by the coming elections. As for the bank whose fund I’ll patronize, the answer to me is clear as day; it seems I won’t be seeing that cute bank teller for a while. ;)


Click here for a one-on-one comparison of BDO and BPI UITFs.

92 comments:

  1. If you're a risk averse investor looking for a high returns on your investment, rather than investing in the bank's UITF equity fund, I suggest that you invest directly in the stock market. But do a little studies first before you take the plunge. Been investing in the UITF since 2006 but the gains in the stocks sure beat those of the UITF's

    ReplyDelete
    Replies
    1. risk averse and stock market don't go together, you know

      Delete
    2. Of course if you have an excess of money, then you can play the stock market.

      On the other hand, what I have been hearing all the time is that it is very hazardous to play the stock market.

      About people with a lot of cash so that they can play the stock market, in which case they really don't look forward to make money, but they enjoy the game.

      Anyway, asking Juan, what do you say, what is the fact with people playing the stock market who are not in the know for not being within the cliques which have access to insider information, and which can and do engage in manipulation of prices of stocks -- that is unless I am mistaken, insider trading or plain cheating the naive players, do they really in the last 5 years made more money than lost money, I mean the naive players?

      Now, about stock brokers who are supposed to be expert, if they are expert why be stock brokers for others, just borrow money and make so much money from their expertise, as to repay their creditors and still have a hefty balance.



      Odrareg

      Delete
    3. That is horrible advice.

      If you are risk averse but would like exposure to the stock market (ie. want higher returns, young etc)then a managed fund (UITF) is the way to go to mimic index returns, not investing directly in the stock market with your own stock selection.

      Why go through the pain of the stock market learning curve when experts are available for 1-2%. you would probably lose a lot more then 1-2% if you are just getting your feet wet in the stock market on your own.

      Delete
  2. Yes, that's true, but only if you know which stocks to pick, which I contend is a very difficult thing to do.

    Actually, if you look here, an investment in BDO's equity UITF five years ago would have yielded you around 15% per year, which is a pretty good annual return. It would be very hard for someone picking stocks and day-trading to be able to beat that.

    ReplyDelete
  3. Hi IJ,
    What can you say about AXA Insurance. A friend of mine had introduced it to me but I am not sure whether it's a good move to tumbled up my money to this investment as I am not as well quite familiar with the company except that they've bind with the metro bank and their group of companies.

    thanks so much!

    ReplyDelete
  4. Hello. :) As a rule, I advise against investment and insurance hybrids: the main argument is that you can get a better deal (in terms of lower price and/or higher returns) if you buy an investment fund (mutual fund or UITF) and insurance separately. Of course, we would have to look at the actual details (such as fees and returns) of both alternatives before we are able to come up with a more informed decision.

    ReplyDelete
  5. Hi, this is such a helpful site. I'm looking to where to invest my savings and might go with BDO. Does investing in UITFs involve a "joining fee" or something like that? I've inquired with another bank and I was told by one of their agents that they have a 4.5% joining fee that is deducted from my initial investment. I think that's a bit big. Does BDO or BPI have this joining fee?

    ReplyDelete
  6. Hi Anonymous,

    For BPI there is no joining fee. For UITF minimum investment is 10k subsequent transaction is 1k and for ALFM Mutual Funds minimum is 50K and subsequent transaction is 10k.

    The advantage of BPI over BDO is that after you have enrolled your investments in their expressonline, further transaction can be done online. It is the only bank with Online Investment capability. It is very convenient.

    BPI have acquired ING and have renamed it Odyssey Funds , these are not yet available online and not yet available on their branch of accounts.These funds as of this writing are performing well.

    All in all BPI have a total of 32 UITFs and Mutual Funds combined.They are the largest in terms of AUM (Assets Under Management)

    You have to fill up a CSA before you can invest to assess your risk appetite. This is standard after the UITF meltdown a few years ago.
    It is important to note that to be able to invest online on Equity Funds that you have an Agressive Profile otherwise it wont show up in your menu selection.

    For BDO my contact told me that it is in the pipeline to have it online but would not happen this year.

    I hope I was of help.

    Regards,
    Roseanne

    Note: I am in no way connected with BPI. and I also bank with BDO. I just want to help.

    ReplyDelete
  7. Thanks Roseanne! Something for me to consider.

    ReplyDelete
  8. Mr/Ms Anonymous, You are welcome! Investor Juan and his site had been helpful to me so I am just paying it forward. Regards , Roseanne

    ReplyDelete
  9. Thanks, Roseanne, for helping out while I'm unavailable. Yes, UITFs from major banks don't feature a sales load or subscription fee, so it doesn't make a lot of sense to patronize those that do. ;)

    ReplyDelete
    Replies
    1. Very helpful insight from all of you. I want to understand how UITFs are played to give me an idea when it is best to buy and sell. I want to be able to forecast the value. Can you point me to some reference please.

      Delete
  10. Hi Investor Juan,

    I like this practice here of (voluntary) Disclosure notes of you Investor Juan and OF those who make their Comments on specific products.

    Please keep this tradition.:)

    Quotes on Money:
    "Just keep doing what you love and the money will follow"

    "Money is not everything, but it sure beats having none" - Bruce Lee

    ReplyDelete
  11. Hello, I hope someone can enlighten me. I have 200k in savings and plan to invest it in one of BDO's UITF. I already have an emergency fund so I can afford not to touch this money for 3-5 years. Which UITF should I invest this in? I was planning to put it in the Money Market Fund but the returns might be too low.

    ReplyDelete
    Replies
    1. Hi! May I ask why you went with BDO, is it bec they charge the cheapest?

      Delete
  12. Hello Anonymous. You know the alternatives that are available to you, and I have discussed the factors that you should consider in this post: clearly, there's no fool-proof choice because of the trade offs involved. With all the information that you have, and given your tastes personal circumstances, you would have to make this decision on your own. Good luck.

    ReplyDelete
  13. Hi Anonymous,
    Investor Juan is right when it comes to specific details where you want to invest ,it is really up to you to select what is most appropriate to your personal circumstance and risk appetite.

    The old dictum still always applies "Never invest in something you dont understand".
    The main goal of Investor Juan's blog is to educate and If you dont know at this point where to place your hard earned money, then what you need to do is invest more in your financial literacy. Knowledge cannot be given in a silver platter.

    ReplyDelete
  14. Hello Investor Juan and Anonymous, thanks for the quick reply. I've reviewed the different factors in this post and have come to a decision. I've just invested today and hopefully it all pays off. Thanks to this blog I've become aware of more investment opportunities. God bless!

    ReplyDelete
  15. Yeah, me too. I've invested last month at BDO. Thank you Investor Juan for this write-up making clearer for us which investment to choose and in which bank to place it in.
    I got burned in the stock market while working abroad, I was day trading, it was a thrilling experience while it lasted. No more stocks for me, a good one for diversification is mutual funds.

    ReplyDelete
    Replies
    1. Hi Zeny! May I ask why you went with BDO, is it bec they charge the cheapest?

      Delete
  16. You guys are welcome. :D More than anything else, this blog is for you, and now you're all part of it. :)

    ReplyDelete
  17. hello po,
    if i choose to put my fund to balance investment will it beat the annual inflation OF 6%?

    ReplyDelete
  18. Hi Anonymous, there is no guarantee of return in whatever investment vehicles you choose. All are governed by risk and rewards.

    For near cash money market low-risk low returns,

    For bonds there is the risk associated with interest rates. If the borrowing cost increases your bond holdings value will decrease. (This is the reason why China ia very worried with the possibility of a default and a downgrade)

    For equities high risk but high returns

    For balanced fund since it is 50-50 equity and bonds/bills, there is also no guarantee. The returns are almost the same as an equity fund.

    The important thing is to diversify your portfolio and UNDERSTAND the corresponding risk and rewards.

    I hope this helps.

    ReplyDelete
  19. I love how some of you guys take up the slack when I'm not able to answer questions immediately. I really appreciate this, thank you very much!

    Anonymous's answers to Anonymous's questions are top notch, by the way. :)

    ReplyDelete
  20. I am glad I was of help. Although I do not live on compliments, thanks for the compliment anyway . Coming from a very smart guy like you it is a true compliment. :)

    ReplyDelete
  21. Nice read... But one question comes to mind. From which bank is that cute teller from again? Good job here man... Keep it up...

    ReplyDelete
  22. Investor Juan,

    Can you do a review of BDO's Easy Investment Plan? I'm very interested given their saving and investment scheme which I think is practical. Would like to know what you think especially the pros and cons. Thanks in advance.

    ReplyDelete
  23. I already did. You can find the post here.

    ReplyDelete
  24. Is it just me, or does BPI post conflicting information about its investment funds?

    http://info.bpiexpressonline.com/bpiprod/prodserv.nsf/Investment+Funds/InvestmentQ&A?OpenDocument

    http://www.bpiassetmanagement.com/pages/bpi-investment-funds/

    I was hopoing to invest for 10k.

    ReplyDelete
    Replies
    1. Which information are you pertaining to, exactly?

      Delete
    2. It's the minumum investment amount and the management fees.

      Delete
    3. Maybe one source is just more recent than the other. These banks (not just BPI) really don't do a very good job of updating their online information. Before making a decision, it would be best to always double check numbers by visiting or calling the bank.

      Delete
  25. Hi Investor Juan! I'm just about to invest for the very first time because of you! Haha. Now my problem is, I'm not sure whether to invest in UITF or Mutual Fund. I can only invest about 10,000 for now, which I know is good enough for either. I can only invest in one though. My goal is just to accumulate money within 5 years so I can pay for a downpayment for my dream home. I know 10,000 isn't enough for that haha but I have to start somewhere right? I figured if I dip my feet now in either UITF or MF and it turns out great then I can diversify investments. But right now I want to just learn the basics so to speak. Is there like a "recommended" investment for newbies? Like, UITF is for the serious hard core investor, while MF is suggested for moderately aggressive but beginner investor. Haha sorry if that doesn't make sense but I hope you still catch my drift somehow. Thanks IJ! :)

    ReplyDelete
    Replies
    1. Hey, thanks!

      "UITF is for the serious hard core investor, while MF is suggested for moderately aggressive but beginner investor." I don't agree. On the contrary, I think UITFs are more beginner-friendly since you only have to deal with banks, whom you've dealt with practically all your life, and not with a sales agent. Also, some banks like BPI allow buying and selling online from or to your savings account.

      In any case, to make your decision easier, just choose the fund (of a particular type) with the lowest fees, regardless if it's a UITF or MF; I assure you, they're all basically the same.

      Delete
    2. Thanks Mr. Juan hehe. About the statement UITF is for the serious hard core investor etc etc, I just used that as an example statement of a "recommended" investment for newbies. I guess I should have put a question mark. Haha.

      ANYWAY. I'm now planning to get a BDO UITF Equity Fund. I'm not planning to touch in 3 or 5 years anyway. I was torn between that or FAMI or PhilEquity. If you only have 10,000 to spare, where would you put yours 10K among those 3?

      Delete
    3. I don't have recent numbers, man. Again, just choose the one with the lowest fees.

      Delete
    4. I agree with investor juan to be particular with the fees. And in addition look at their range of upside/downside so that you will be prepared on whatever outcome that comes your way.

      Delete
  26. Hi can i get some feedback about insular home credit investments. Thanks.

    ReplyDelete
  27. I recently invested in BDO UITF. It was very easy, opening a savings account and the bank just have to debit the amount I agreed to be deducted from my savings with P1k per month for a newbie like me. Though I have already set my financial goals, I can only afford this amount cz i'm still paying-off my debts. I'm very thankful for you MR. IJ...this blog really helps a lot.
    anonymous from mindanao

    ReplyDelete
  28. Is there an error in the early redemption fee of Metrobank, namely, 50% of income?

    Suppose there is no income but instead loss, so to be corny, Metrobank should pay me 50% of my loss, as a kind of reverse fairness.


    Mdejess

    ReplyDelete
    Replies
    1. Not sure if that's how it works. As far as I know, the early redemption fee id expressed as a percentage of the total investment value.

      Delete
    2. It is clearly stated, they will take 50% of income, not 50% of loss.

      Delete
  29. investor juan. what is the best for newbie like me have small amount money to invest? where it would be mutual fund or uitf? what is the best short term or long term investment.

    ReplyDelete
  30. Hello Juan,

    If I enrol on EIP then I choose 2 years term then I want to terminate it after a year is there any termination fee, can I get my money it was lock until the term finush like the time deposit.. Thanks

    ReplyDelete
    Replies
    1. I'm not sure, you have to verify with BDO. Or maybe someone here can answer this.

      Delete
  31. very nice trend, in my experience at BDO UITF i have gained absolutely 49,800PHP in 33 days i invested at thier UITF balance fund, i liquidated it already to pocket my earnings BTW the principal investment is 1M...i just monitored it daily at www.bloomberg.com and decided to trade it when the navpu is about to about to fall...

    ReplyDelete
    Replies
    1. Wow, that's a very good return, congratulations!

      Delete
    2. hi, how do you know when a NAVPU is about to fall? I've monitored a few to dip-down a few pesos for a few days andn rise back-up. How is this foreseen?

      Delete
    3. You can't. It's impossible to predict.

      Delete
    4. Midas formula.. traders formula..can you teach me investor juan? Thank you

      Delete
  32. investorjuan. in your own analysis how will election this year will the pse index? as of now i am into equity of some top banks (BDO, BPI, RCBC) and i am using technical analysis in deciding to buy or sell...pls advice.thanks.

    ReplyDelete
    Replies
    1. Sorry man, I don't make predictions like that. Even if I do, I'm not so irresponsible that I'll share them to the public.

      Delete
  33. Hi .. I recently started in UITF with just the minimum initial investment. BPI has an RSP but as i'm not as committed yet to invest regularly, could you recommend a strategy when and what conditions should I add to my initial investment? And how much should those adds be?

    Appreciate your advice!

    ReplyDelete
    Replies
    1. It would be best to keep it simple and just invest whatever you can afford. You can follow the guidelines discussed in these posts:

      http://www.investorjuan.com/2011/03/6-steps-guide-for-newbie-investors-part.html

      http://www.investorjuan.com/2011/03/6-steps-guide-for-newbie-investors-part_28.html

      Delete
  34. same case with tigerwoods,but, i am planning again to invest the capital and the gain i earned,is it possible for this in the bank?

    ReplyDelete
  35. sir tanong lng po:

    kung meron akong investment sa bdo peso balanced fund say 100K,tapos kumita ng 25K for 2 months pde ko ba i withdraw lahat ng yun(125K) tapos, the next week,i invest ko uli same fund (125K ) na sya.pde ba yung ganun ?invest,withdraw (o parang rool over?)newbie po.salamt

    ReplyDelete
    Replies
    1. Pwede yan basta you redeem after the holding period. I just did that with BDO. I redeemed my Peso Balanced Fund then reinvested and added also a little more.

      Delete
    2. Pwede, but to maximize earning potential, I think it would be best to just let your investment stay put (as per BDO for Peso Balanced Fund, recommended 3 three years).

      Especially if the navpus have an upward trend, that 125k of yours would let you buy lesser units as price per unit increase if you plan to withdraw everything and reinvest it on the same fund on a later date, compared if you have just left your initial 100k run its course.

      Delete
  36. Investor Juan, how about a round two? :D

    I think they've changed rates already, or maybe brought new products to the market...

    Hopeful wish lang naman :D

    ReplyDelete
    Replies
    1. i agree! :)

      Altho, as far as the rates are concerned, the only changes I see from the fees is that both BPI and MBTC have changed their trust fees for Money Market to .50% p.a.
      Everything else seems to be the same tho.

      It's interesting to add though that BPI has seem to have included an additional Php2,000 special charge per annum - for publication purposes daw. I am not sure yet if they charge this for every fund invested or just for every investor.

      Delete
    2. Thanks for this Ken, this is pretty disturbing news. I'm going to spread the word with a post today.

      Delete
  37. Hello po. Meron po akong 125k na pwedeng iinvest. Nasa savings account ko lang po kase at ayaw ko nang galawin. Nagoffer po saken ang Philamlife ng kanilang Money Tree Product. Okay po ba yun,or can you recommend a safer investment vehicle for a newbie like me?

    ReplyDelete
    Replies
    1. Hi,

      This should help (1st of 2 parts):

      http://www.investorjuan.com/2012/10/a-closer-look-at-vuls-philam-lifes.html

      Delete
  38. Hi Investor Juan,

    Do you think it's safe to invest in UCPB's UITFs considering it's on government life-support and due to its unresolved ownership issues? Thanks!

    ReplyDelete
    Replies
    1. Parang ok naman a, lagi silang nasa top funds. Ano bang unresolved ownership issues ng UCPB? Eto parang good news naman for them:

      http://staging.sunstar.com.ph/cebu/business/2012/09/30/ucpb-corporate-term-extended-245713


      Investor Juan, you think accurate 'tong andito?:

      http://www.lipperleaders.com/index.aspx

      Delete
    2. It seems that it's a Thomson Reuters company, so it should be reputable. I've only fiddled with it a bit, but so far it looks amazing. :) I will write a review/guide for next week. Thanks so much for sharing!

      Delete
  39. i do invest bpi equity fund, a uitf online from my savings acct to my investment acct. no preterm fee, no holding period, no hassle. subscribe when low, redeem when high then recycle capital fund.

    ReplyDelete
  40. Good Day Investor Juan,

    patulong naman, nagugugluhan kasi po ako kung bakit sa mga comments nyo sa UITF's particularly equity funds na bakit na tratrade nila yung units nila?dba passive to?nag iinvest ka lang tapos ang mga profesionals na ang bahala mag laro sa money mo?

    ReplyDelete
  41. Hi

    I have a 10k and planning to invest it to BPI Philippine Equity Index fund and subscribe to their REGULAR SUBSCRIPTION PLAN of 1k monthly. Is this a good choice for a beginner's like me?

    ReplyDelete
    Replies
    1. It depends on a lot of things. How much cash do you have in a savings account?

      Delete
    2. I will deposit 1k to fund the subscription monthly. Only the maintaining balance will be retained

      Delete
    3. hi Anonymous.
      today is the best time to buy bpi phil equity index fund. it went down fr 100 to 81 today. the lowest so far..

      Delete
    4. As long as you don't have any debt and have your emergency fund secure, then investing in any equity fund would be a good move.

      Delete
    5. Thank you so much for the advice. I am more confident now to proceed with my investment plans. More power to you.
      God bless

      Delete
  42. Hi

    May I ask if the cooperative are good vehicle as an investment too.I am a member of an employees coop.

    Thanks

    ReplyDelete
    Replies
    1. Cooperatives are okay. They offer decent returns on deposits (the coop in my last employer offered 6% per year) and serve as an additional source of credit for emergencies. There are some risks, of course, primarily the likelihood of mismanagement and malfeasance. The PDIC covers "cooperative banks", but I don't think that includes any cooperative that accepts deposits. Regardless, any risk exposure from participating in cooperatives is limited by the maximum amount that you are allowed to invest or deposit, which is usually not that large.

      Delete
    2. Thank you for the response. I have a time deposit that earns 5.5%/annum in the Coop & 1,250 share deducted from my salary every payday which i earns dividend semi annual depending on the income of the Coop. Do you think it is better to withdraw my time deposit and invest to uitf?

      Thanks again

      Delete
    3. It depends on what the money is for and when you are planning to use it. Invest only in an equity UITF if you can afford to wait 20+ years before using the funds.

      Delete
  43. Okay. Thank you so much for enlightenment. You are such a great adviser, I have learn so much from your article & forum.

    God bless & more power

    ReplyDelete
  44. Hi investor Juan

    i have $1000 on BPI USD SA.
    I want to invest it in BPI INVESTMENT
    with the HIGHEST INCOME, No problem with HIGH RISK for me.

    What should BPI investment should i get?

    thanks

    ReplyDelete
  45. nice blog...got a lot of ideas about investing on uitf's..plan to do it this month at BDO..wish me luck!

    ReplyDelete
  46. i wanna know i have invested a hard earned money on a UITF in BPI i just wanna know if when will be a good time to sell or pull out my investment there. the teller advised me that if it gained a bit form your previous account you can pull it right away. But as i looked on some sites they say that at least it should gained about 55% of your investment how can i compute for these? shall i start it from the principal amount of my investment or from the percentage interest.Which one is right? Please forgive me i know i ask a question that seems to be mixed up. Im just a novice on this topic, who wants to get shed some light about this thanks =)

    ReplyDelete
  47. Investor juan. . Any idea of midas formula? My frend on our drinking session told me that its the mathematical formula for traders... is this true?

    ReplyDelete
  48. Hello, my brother will be having an orientation at BPI tomorrow about mutual funds. He wants to check on it first before making me and the rest of the family join. :)

    ReplyDelete
  49. i would like to invest at bdo what would be the best investment for newbies like me?

    ReplyDelete
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  52. Hello po my tanong lng..nakakuha po kc ako ng axa life insurance nag start na po ng 2months..actually tie up sla ng metrobank..ano po bang mabuting gawin dito?would i continue?hoping for ur advise..

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  53. Hi there! Thanks for the good read! Been following topics like these a lot. Just have several questions about investing my hard-earned money. Let's say that i'm planning to invest 10-20k per month using the peso cost averaging method, is it better to invest on a UITF or a Mutual fund? Can you suggest the best equity-type UITF/ Mutual fund I should invest into based from my investment method? I'm planning to cash it out after 20-30 years. Thanks!

    ReplyDelete
  54. Nakita nyo na eto>? http://www.pesorepublic.com/db/all-about-mutual-funds-uitf-vul-investing/

    ReplyDelete

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