You’ve heard about unit investment trust fund or UITF in the Philippines for Pinoy, and you might’ve spent the last hour scouring the internet or this blog on how to invest in them. And you’ve probably heard that UITF is offered by banks and trust companies, but still you’re not sure where to start. Which bank or company…
Do you want to own stocks of the Philippines’ largest companies? Would you like to subscribe to initial public offering (IPO), which are shares that are trading on the exchange for the very first time? Heard some people receiving their dividend income from blue chip companies, and you’d like to join the party? In this article, we will talk about how…
How easy it is to open an account at any bank? As you may already be aware, there are many bank accounts that you can choose from and establish. You can start a time deposit, checking account, credit card, unit investment trust fund (UITF), personal equity and retirement account (PERA), long term negotiable certificate of deposit (LTNCD), insurance (bancassurance), loans, dollar and foreign currency…
In stage 4 of financial planning, I talked about basic ideas of insurance products. I am going to dig a little deeper about them. I am doing this because we, Pinoys, may have an idea or two about insurance in general but most of the time we really never completely understand what they are, their purpose and…
Here is the list of insurance companies in the Philippines whose licences are renewed until the year 2018 by the Insurance Commission. The list is in no particular order. Life insurance companies Philippine AXA Life Insurance Coporation Allianz PNB Life Insurance, Inc. (Formerly: PNB Life Insurance, Inc.) Pioneer Life Inc. Philippines lnternational Life InsuranceCompany, Inc. Beneficial Life…
All of us needs insurance as a way to protect ourselves from unexpected emergency situations. However, there are many types of insurance cover, and I have mentioned a few in my first post about insurance. The list can be overwhelming. Each company has its own product that’s not available in another, making the list even longer. To help you better…
Life is full of surprises. It can throw both the good and the bad in your way. When bad things happen, make sure you are prepared financially with insurance. Here are the 7 reasons why getting insured can be your life-saver. 1. Insurance manages life’s risks. Situations like critical illness, accident and death are life’s…
Life insurance is an important aspect of financial planning, but it is sadly the least understood. In the hope that I can help you make your decision on buying one, here are quick answers to frequently asked questions by Pinoys. Can I choose more than one beneficiary? Yes, you can. If I have more than one beneficiary, how much…
Choosing your beneficiaries is a major decision. When you buy insurance in the Philippines, they are among the things asked from you. You will need to give a name or list of people to be part of your policy. At first, you would think they’re simply a part of the process in getting a life cover. Later on, they…
Insurance companies in the Philippines offer their products to everyone. But that does not mean all can go ahead and buy a policy. That is because of one question. Are you insurable? Insurability Insurability means that you meet certain standards that would allow you to buy an insurance product. Remember that insuring your life is about risks….
Insurance is an important part of financial planning as a way to build strong financial foundation. It helps prepare for any untoward, trying events in our lives such as sickness or demise by providing financial assistance during the times that we need it. According to the Department of Health, the leading causes of death in the Philippines are diseases related…
This website is already late to the party, and if it hadn’t been for the Facebook UITF group there wouldn’t be a post about Premyo Bonds 2 that was on offer late last year. (We don’t know how this information has gone past our notice as we are keen to document any bond offerings from…
What are the charges when you invest in the stock market? In this article, we are going to look at the costs in buying or selling shares in publicly-listed companies on the Philippine Stocks Exchange. What are the charges, fees, and taxes involved in trading stocks in the Philippines? 1. Broker’s commission This is a specified amount…
What if you can have an investment that combines the advantage of mutual fund and UITF and the power of stock trading? It is now possible with exchange traded fund, a relatively new way to earn passive income. What is an exchange traded fund? An exchange traded fund is like a mutual funds (MF) or a unit investment trust fund. It is an investment company…
In stock investing and in value investing in the Philippines, we know that the market goes up and down. When it is up, the prices of stocks rise and it’s pretty tricky to find ones that are inexpensive. When it is down, the prices of stocks goes down too and it’s pretty tricky again to find the cheapest…
Do you know that you can save through Social Security System (SSS) aside from regular membership? It’s called SSS PESO fund and it’s a safe, affordable way to earn passive income. In this article, we’re going to talk about how you can invest your money wisely and build your savings care of your SSS membership. What is SSS P.E.S.O fund?…
In another post, we talked about the overview of SSS Flexi fund, why it’s good for overseas Filipino workers (OFWs) and how to get started earning in passive income. But how much can you possibly earn? If you start saving today, in what ways can you make the most out of your savings? I’m going to try to…
The beginner’s guide on SSS PESO fund gives general information about this offering from Social Security System (SSS). But how does the money grow? When you start investing, how do you earn passive income? In what ways can you make the most out of your savings? These are the questions that would be answered in this article. Specifically, there will…
All of us will grow old some day. It is inevitable. And we all look forward to enjoying the latter years of our lives, spending our free time with our loved ones. But are we prepared? If we’re no longer working, who’s going to look after our financial needs? Sadly, the Philippines have the lowest…
In an earlier article, I talked about how PERA account is a great investment option to prepare for retirement that comes with loads of tax-free benefits. As a voluntary savings program, it is the Philippines’ version of the US 401(k). Employers may even choose to contribute towards it, and you may save up to the maximum limit, which is P200,000 for…
Index funds are low-cost, efficient way in investing in the stock index. But what is an index fund? In this article, I’m going to talk about why it might be a better way to go when you’re saving up long term, the investments that are available in the Philippines, and their returns for the past few years. Stock index in the Philippines…
