Thursday, January 3, 2013

Short Answers to Unanswered Questions: PDIC Coverage and Non-stock Investments


Dear Investor Juan,

I read your October 2012 article ( stating that AFPSLAI deposits are covered by PDIC (up to 500,000 pesos).
I don't see this information from AFPSLAI's website. Where do I get an official statement?

Is PNSLAI also covered by PDIC? How about AMWSLAI?



Dear Rose,

Since both PNSLAI and AMWSLAI are both savings and loans associations, they are covered by PDIC. For these and other entities that are "authorized to perform banking functions in the Philippines," membership is mandatory.


Dear Investor Juan, 

First I would like to thank you for your creating your blog and sharing informative posts. 

I have been reading most of your posts which spark my interest. With your expertise in the field of investment, I am wondering if you can help me out. 

Just to give you a glimpse. I have started investing in mutual funds and stocks. Also, I have small amount of investment in SSS flexifund and in PAG-IBIG II. It is not really big investments but I am planning to be more aggressive this year. As you know, time is the essence for this kind of investments. 

I am still working on my emergency fund. I still have not reached my desired amount. Also, we already have insurance. 

Anyway, I am looking to have a diversified portfolio. So far, my major investment is in stocks. I read your articles about UITFs too but it seems this investment is also linked in stocks. 

Can you recommend some other investment vehicles which do not relate to stocks and MF? My concern is if the stock market is in turmoil then all of my investments will be in trouble too. 

Also, I am planning to have investments with different lock-in periods. Perhaps for 3 years, another is 5 years and the rest will be for more than 10 years.

Lastly, I have always this nagging thought that what happen to our investment if we die. I started my investment when I was still single and last year I got married. Insurance is fine because it has beneficiaries. How can we secure our investment in case we die? I actually ask my mutual fund and stock broker about changing my account to joint account but it is not possible. Unless you will open a really new account. 

Anyway, sorry for the long email. If you have already featured some of the answers, please be kind enough to send the link. I hope I am making sense with my questions.

To our financial freedom,


Dear Miles,

You're off to a great start, congratulations!

If you're looking for non-stock or non-equity investments, you might want to consider the following:
  • Bond funds
  • Money market funds
  • T-bills and Treasury bonds
  • Corporate bonds
  • Time deposits
  • Real estate
I've talked about these topics and actual products that fall under these categories in past posts. Try using the search function of the blog or clicking related tags; both of these features are found on the right side of the web page.

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