PMT Forum

News: Easy access to the Top 7 Most Popular discussion boards! Check them out on top of the PMT Forum homepage!

Search Money Investments

* PMT Shoutbox

Refresh History
  • jemvil: may alam po ba kayo kung san bentahan ng empty cartridge/toner
    Today at 04:08 PM
  • Francis.vmc: Madaming pre selling sa Taguig, Arca south formerly FTI at Mckinley west, formerly JUSMAG. sino po interested mag invest?
    Today at 12:56 PM
  • yumyum: metrobank VUL
    Today at 07:05 AM
  • Francis.vmc: Anyone who owns a condo in The Fort, who wish it to be leased or for sale. PM me, ty
    Yesterday at 06:23 PM
  • povillo: hi anyone have knowledge how much is the monthly rental for SM fastfood stall in any of its branches?
    Aug 01, 2015, 06:57 PM
  • jhanna: assume balance
    Jul 30, 2015, 11:03 AM
  • TulogSaPancitan: @ff - I believe all mfs are there
    Jul 29, 2015, 09:12 PM
  • regor: what happen? abandon boat...
    Jul 28, 2015, 10:25 AM
  • Nitsuga2738: hello guys, newbie here. Kudos to the members, especially to the maker of this site. Gob bless everyone. Have a nice day!
    Jul 28, 2015, 08:49 AM
  • freefront: *why bother
    Jul 28, 2015, 08:28 AM
  • freefront: Yep!!! Why other with 2 entities when you can just COL  :D
    Jul 28, 2015, 08:23 AM
  • bajoyjoy: MF agents' life just got a lot difficult..
    Jul 28, 2015, 08:19 AM
  • bajoyjoy: @ff, its what they call COL FUND SOURCE, a supermrket of mutual funds! 24 different MFs from 6 providers.. :cool2:
    Jul 28, 2015, 08:16 AM
  • freefront: @TSP- is it their own product or are they selling other financial insti's products?
    Jul 28, 2015, 05:52 AM
  • TulogSaPancitan: may mf na pala sa col. wow!
    Jul 27, 2015, 08:39 PM
  • marthy11: good afternoon..
    Jul 27, 2015, 06:39 PM
  • CodyDeegan: Hello everyone! Just a new member here dropping by to say hi.  :hello: :hello: :hello: :hello:
    Jul 27, 2015, 04:02 PM
  • budoi: namumula.....huhuhu
    Jul 27, 2015, 11:16 AM
  • domzreambonanza: Good morning guys!
    Jul 27, 2015, 08:47 AM
  • geisha23: rags
    Jul 26, 2015, 06:34 PM
  • regor: Lamutakin ang DD para bumagsak..
    Jul 24, 2015, 12:44 PM
  • noomie: gym
    Jul 23, 2015, 11:09 PM
  • erinbandilla: hi anyone here na may knowledge sa UITF?
    Jul 20, 2015, 05:12 PM
  • Conniggulden: Ako naka online how can I help u?
    Jul 19, 2015, 11:36 PM
  • Conniggulden: Anyone na nagrerent ng space sa puregold?
    Jul 19, 2015, 11:36 PM
  • chris_dumlao13: hi,,,my alam ba kayong brand ng phone na may "saved items" pa rin sa "messages" menu?ung mga latest model.....nokia or samsung ata meron nito
    Jul 19, 2015, 10:26 AM
  • Light24: My oNlike bA ngaun
    Jul 19, 2015, 09:48 AM
  • teodysalivia: money lending
    Jul 17, 2015, 03:34 PM
  • betchy1511: @jay_cruz27 may friend ako gusto magsangla house
    Jul 17, 2015, 02:27 AM
  • Lany_santi30: sino po tumatanggap ng sangla lupa
    Jul 16, 2015, 06:14 PM
  • evanene: Wow..andito pala ang mga Pinoy na pwede kong mapagtanungan..sana maging regula ako dito kung di ako lagi bz sa online bizniz ko.
    Jul 15, 2015, 11:41 PM
  • Brownman: @haya0414, ako AUH.
    Jul 15, 2015, 10:23 PM
  • vash: matanong ko lang, may app ba tayo para ma view sa mobile tong forum natin? di ko kasi makita tong forum sa tapatalk e
    Jul 14, 2015, 09:53 PM
  • tankbeta: may kilala ako nasa bubai bakit?
    Jul 14, 2015, 08:59 PM
  • kristine.guzman.52: haya0414,,, what would you like to know about dubai?
    Jul 13, 2015, 10:05 PM
  • haya0414: meron ba d2 ang nasa bubai ngayon??
    Jul 13, 2015, 08:27 PM
  • haya0414: hello po sa lahat
    Jul 13, 2015, 08:26 PM
  • jude: sino po dito tumatanggap ng sangla ng house and lot kaya nmn po bumibili ng bahay .ty
    Jul 13, 2015, 08:24 PM
  • jay_cruz27: hi ask ko lang po kung may nagsasanla dto ng house
    Jul 13, 2015, 10:16 AM
  • ava: I would I would really appreciate it if I recived 66.94 because I am trying to buy an edditing program for my computer so I can edit my videos before I post it on youtube
    Jul 13, 2015, 08:12 AM
  • riena2: hello po. newbie po ako. ask ko lng po if pwede ako mag post dto ng negosyo? foodcart franchising po
    Jul 13, 2015, 03:48 AM
  • july07: COMPUTERSHOP TIP
    Jul 12, 2015, 01:07 PM
  • jay_cruz27: hello po sa lahat
    Jul 10, 2015, 03:14 PM
  • OMG.27: read read read and read....................
    Jul 08, 2015, 12:02 AM
  • strykenjames07: Hi, im just newbie here, hopefully this forum helps me a lot to be educated in terms of financial sapects, in business side like in real state investing, about stocks and mutual funds.
    Jul 07, 2015, 05:01 PM
  • strykenjames07: just register today, napkagnda ng forum na to napakaraming topics, hoping i learn a lot here.
    Jul 07, 2015, 04:58 PM
  • freefront: http://www.pinoymoneytalk.com/category/featured-popular/
    Jul 07, 2015, 03:39 PM
  • freefront: @regor SHIP! Ship! Abandon Ship!!!! Why are you thinking small? Has to be catastrophic para bongga  :D
    Jul 07, 2015, 02:51 PM
  • regor: Abandon Boat..!!!!
    Jul 07, 2015, 11:30 AM
  • kalvinjoson: MPI
    Jul 05, 2015, 09:15 PM

Click LIKE, TWEET or +1 to earn PMT Badges!

Author Topic: High Watermark by BPI-Philam - any opinion on this?  (Read 15063 times)

Offline paulkaylupit

  • Newbie
  • *
  • Thanks Received: 0
    • Awards
 :help:
Newby here, pasensya na po kung dko alam kung saan ipapasok na topic yung question ko.

I was recently approached by bpi about my USDollar Time Deposit if I was interested with their new product. It's called Max Yield 1 having High Watermark feature (nakita ko ito sa isang topic for bdo also). Maturity is 9 yrs, may corresponding charges if you withdraw prior to maturity. It includes 125% life and accident insurance also.

This is a joint venture of bpi and PhilaAm. BPI will be investing to Barclays PLC. Mukhang suitable nman sakin yung investment scheme because I'm actually looking for a long term investment. Actually, I was looking into Bonds or T-bills. But this looks ok with it's hmw feature.

Any opinion on this guys?

Mamayang 1PM pinapunta ko na yung rep from BPI-Philam because I'm just about to sign the forms I've been studying yesterday. Buti nakita ko forum nyo, very helpful.
:thankyou:


Offline bauer

  • VIP 4000
  • *
  • Thanks Received: 4
  • Awards Member of the Month PMT Lounge Addict Real Estate Mogul PSE Stock Trader Investments Idol Banking and Insurance Boss Member since 2008 Stocks Superstar
    • Awards
Re: High Watermark by BPI-Philam - any opinion on this?
« Reply #1 on: Feb 11, 2010, 11:08 AM »
  • Publish
  • please check with bpi the following:

    1. Is it covered by PDIC?
    2. who will control the funds? bpi, philam, or barclay?
    3. in case you will not complete the 9-year fixed term, how much is the penalty or surcharge fee?  if there is no surcharge, how low the interest will be?
    4. is the interest rate floating? or fixed but not guaranteed, or fixed and guaranteed?
    5. who will return to you the money? bpi, philam, etc.

    please check the fine details of the forms to be sure.

    good luck po
    join me on twitter @ bauerfilipino

    Offline silent_investor

    • Posting Whiz
    • *
    • Thanks Received: 0
    • Awards Member since 2009
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #2 on: Feb 18, 2010, 06:41 PM »
  • Publish
  • Hmmm, I'm definitely late in replying to your query hehehe But got to see that product when it was still offered under PELAC (tie up of philam and equitable bank/BDO). It was being offered to me last year as a new product (kasi may tao sila sa BDO where I bank). I guess inabot sila ng paglipat to BPI kaya di ko na uli nakita yung ahente.

    Anyway, maganda yung sinabi ni Bauer. Actually ako, nagka interest talaga. Pero sobrang long term at di mo pa sure kung ano resulta, wala ka mapag basehan. Sa high water mark kasi, pag mature ng plan mo, you'll get the highest NAVPU achieved during your term. For example, bumili ka sa 1.00 na NAVPU, umakyat sa 1.5 after 3 years then pag mature ng plan mo, bumagsak sa .90 ang NAVPU. Sa computation nila ng pera mo, the highest NAVPU daw ang gagamitin, thus 1.5. Eto na, nung tinanong ko kung saan naka invest, di ako masagot. Kasi kung stocks, ok yun, i'm sure over 10 years may high and lows di ba. Kung matapat ka sa low, pwede mo asahan na yung high price pa rin ang gamitin. E paano kung puro time deposit lang? E di ang liit lang ng galaw nun. Parang useless yung high water mark nila.

    PMT Forum

    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #2 on: Feb 18, 2010, 06:41 PM »


    * * * * * sponsored links * * * * *

    Offline bauer

    • VIP 4000
    • *
    • Thanks Received: 4
    • Awards Member of the Month PMT Lounge Addict Real Estate Mogul PSE Stock Trader Investments Idol Banking and Insurance Boss Member since 2008 Stocks Superstar
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #3 on: Feb 22, 2010, 01:24 PM »
  • Publish
  • sana nga totoo yung promise nila na highest NAVPU ang gagamitin na basis because i seriously doubt if it is inidcated in the written contract
    Posted on: Feb 22, 2010, 01:23 PM
    silent investor,

    i think your analysis is correct
    join me on twitter @ bauerfilipino

    Offline madoff

    • Posting Specialist
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #4 on: Feb 22, 2010, 06:16 PM »
  • Publish
  • Quote
    Kasi kung stocks, ok yun, i'm sure over 10 years may high and lows di ba. Kung matapat ka sa low, pwede mo asahan na yung high price pa rin ang gamitin. E paano kung puro time deposit lang? E di ang liit lang ng galaw nun. Parang useless yung high water mark nila.


    At kung sa stocks naman, pano kung pag mature ng plans nasa peak ng bear market cycle, at hindi sapat yung gains from the bull cycle to pay for the maturing plans, e di dudukot sila sa pera ng new investors, di ba parang sistema ni tukayo (madoff) ko yun?

    Offline silent_investor

    • Posting Whiz
    • *
    • Thanks Received: 0
    • Awards Member since 2009
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #5 on: Feb 24, 2010, 05:47 PM »
  • Publish
  • Thanks Bauer! Tama rin si Madoff kaya malamang di stocks ang investment nun.

    IMO, time deposits and fixed income instruments lang ito para di ganun kagalaw. Pwede rin na may malaking part sila ni ilagay in cash deposits lang para di mag fluctuate ng malaki yung NAVPS. Sana may actual investor na mag post dito para ma-interview natin.

    Offline ian.mancilla

    • Newbie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #6 on: Feb 25, 2010, 11:39 PM »
  • Publish
  • « Last Edit: Feb 26, 2010, 12:06 AM by ian.mancilla »

    Offline bauer

    • VIP 4000
    • *
    • Thanks Received: 4
    • Awards Member of the Month PMT Lounge Addict Real Estate Mogul PSE Stock Trader Investments Idol Banking and Insurance Boss Member since 2008 Stocks Superstar
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #7 on: Feb 26, 2010, 01:06 PM »
  • Publish
  • ian.mancilla

    are you working for bpi-philam? barclays?

    when we posts our comments here, we give our opinion because of the experiences we had with several financial firms regarding various financial products.  to give you a point,

    i have an insurance with Philam and they failed to keep their promise that i will just pay in 9 years only.  I'm now in my 12th year of payment.  

    i have an investment fund with BPI and they failed on their promise that my funds will be invested in global equities.

    regarding barclay, check them because they are one of the banks that got a bail out money due to the global financial crises.

    we just wanted readers of this posts to understand all possible risks in various money deals being offered to them.
    join me on twitter @ bauerfilipino

    Offline ian.mancilla

    • Newbie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #8 on: Feb 26, 2010, 05:28 PM »
  • Publish
  • « Last Edit: Feb 26, 2010, 05:35 PM by ian.mancilla »

    Offline bauer

    • VIP 4000
    • *
    • Thanks Received: 4
    • Awards Member of the Month PMT Lounge Addict Real Estate Mogul PSE Stock Trader Investments Idol Banking and Insurance Boss Member since 2008 Stocks Superstar
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #9 on: Mar 01, 2010, 05:19 PM »
  • Publish
  • i can explained everything to you in detail if you can help in resolving my issues with philam and bpi.

    fyi, i already emphasized my disgust with the then CEO Mr. Cuisia (philam) and the VP of bpi asset management.  
    join me on twitter @ bauerfilipino

    Offline charnel

    • Probie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #10 on: Mar 02, 2010, 06:08 AM »
  • Publish
  • got my philam hwm daw invested already 525$ then disappointed ako kasi di naexplain or sadyang di sinabi ng agent na out of 500 ay 200 lang ang pupunta sa investment at ang 325 ay sa insurance daw pala napunta, which of course pag nagmature by 2019 at kinuha mo ang pera mo ay sa pure investment lang ang kukunin mo at ang insurance ay mawawala na....I'm soooo disappointed feeling ko talaga I was tricked on this kasi nga ayaw ko ng insurance na sabi ko sa agent kaya siguro di sinabi yun ganun kaya mag ingat na lang kayo I'm thinking to pull out nga yun kahit konti mabawi ko na lang,kasi may money tree $ na ako sa philam kung alam ko lang doon ko na lang pinasok at nadagdagan pa ang aking investment doon....Mga agents will always do the tricking para makuha kayo annual ka pang magbabayad doon....

    Offline maryan

    • Newbie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #11 on: Mar 03, 2010, 04:03 PM »
  • Publish
  • regarding sa maxyield1 is it really ok to invest? it is not covered with pdic can the investor get back the full amount originally invested or pag nagka problem pwede rin bang total  loss of investment. i just want to ask mr. bauer what is the possible worst scenario para hindi mo na makuha ang investment mo? thank you.

    Offline bauer

    • VIP 4000
    • *
    • Thanks Received: 4
    • Awards Member of the Month PMT Lounge Addict Real Estate Mogul PSE Stock Trader Investments Idol Banking and Insurance Boss Member since 2008 Stocks Superstar
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #12 on: Mar 03, 2010, 04:58 PM »
  • Publish
  • hi maryan,

    generally speaking, only checking & savings account in all licensed banks are covered by PDIC up to 500,000 per depositor per bank (not accounts).  Before, all kinds of time deposits are covered by PDIC but due to the 'legacy banks closure', a new revised PDIC law was put into effect that makes it more stringent to qualify for PDIC coverage.

    to give you an example,
    bank ABC offers a time deposit that has a fixed yield of 15% per annum.  but, when the average time deposit rates in all other banks is about 8% per annum, then bank ABC time deposit is technically not covered by PDIC because the new law requires that interest rate offered on time deposit must NOT exceed 50% of the average interest rate offered by other banks.

    our new law has now made life more difficult for depositors that do not have the technical skills to evaluate if the time deposit certificates offered by banks are really covered by PDIC.

    if your maxiyield1 is offered by BPI (im not sure), how was the interest? Is it within reason?  you can directly ask them if it is covered by PDIC.  If not, your risk is this, just in case BPI will close tomorrow, i think the government will bail them out so your money is secured.  The only problem will be if the person elected as president of our country and he/she is an enemy to the bpi owners, then more or less, it will definitely go bankrupt.  in this case, most likely, you will not recover your money.
    Posted on: Mar 03, 2010, 04:50 PM
    another point,  if maxyield 1 will be run and manage by barclays (which is not controlled by our government), then barclays will go bankrupt, Do you have a written assurance from BPI that you will be reimbursed from the unexpected closure of barclays?

    when lehman brothers failed in the US, some of our local banks like metrobank, BPI, BDO had some exposure or investment with lehman.  Those investments had to be 'written off' (in layman, linista sa tubig ng mga bangko natin) because of the lehman closure.  we cannot say for sure barclays will not be another lehman
    join me on twitter @ bauerfilipino

    Offline maryan

    • Newbie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #13 on: Mar 04, 2010, 05:13 PM »
  • Publish
  • sir bauer, thank you very much for your time in answering my questions but would you pls. enlighten me once again with regards to maxyield1, since it is not covered by pdic and not guaranteed by bpi, is it then covered by insurance commission meaning i will still get my investment in case of bankruptcy?
    pls. pardon my being makulet i am just nervous, i already placed my hard earned money in maxyield1 and i haven't read the policy yet bec. it will be sent soon and not yet in my hands. i know that bpi and ayala life are already an institution and reputable at that but since maybe i made an abrupt decision in availing this investment i am nervous and scared. maybe if other investors will post and say something about maxyield. well maybe i want to hear that i am in good hands and that my investment is safe. i know that bpi will not get bankrupt but maxyield holding period is 9yrs. and if i withdrew or terminate my investment there are corresponding penalty. say that i invested usd15,000.00 i will be charged with 5% penalty or usd750.00? is my computation right or are there other hidden charges aside from 5%?
    sir, you've said the worst scenario, can you say something naman about what's good im maxyield aside from getting the highest value upon maturity? am i worrying about things that may not happen? you see i am really conservative with regards to investing money, for me time deposit is the best i am not really particulat about t-bills, money market etc.

    Offline ian.mancilla

    • Newbie
    • *
    • Thanks Received: 0
      • Awards
    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #14 on: Mar 04, 2010, 08:02 PM »
  • Publish

  • PMT Forum

    Re: High Watermark by BPI-Philam - any opinion on this?
    « Reply #14 on: Mar 04, 2010, 08:02 PM »
    * * * * * sponsored links * * * * *

     

    Related Topics

      Subject / Started by Replies Last post
    20 Replies
    3106 Views
    Last post Jun 15, 2009, 05:08 PM
    by bettingstation
    22 Replies
    3555 Views
    Last post Jun 07, 2009, 05:20 AM
    by un1z
    8 Replies
    1328 Views
    Last post Jan 06, 2011, 08:27 AM
    by elmostreet
    11 Replies
    1016 Views
    Last post Aug 30, 2014, 09:08 PM
    by GIG


    * Recent Topics

    Forum Shortcuts!
     
     
    Welcome, Guest. Please login or register.
    Did you miss your activation email?

    * Must-Read Topics!

    * Active Posters Today

    kat_kat
    8 Posts
    dgron_6
    8 Posts
    GIG GIG
    5 Posts
    jenofstructures
    4 Posts
    part_timer_lang part_timer_lang
    3 Posts
    Market_Market
    3 Posts
    TulogSaPancitan
    2 Posts
    mervinofzetaphi
    2 Posts
    CodyDeegan
    2 Posts
    OMG.27 OMG.27
    2 Posts

    * Vote in this Poll!

    • Who would you vote for as President in 2016?
    • Dot Kris Aquino
    • 10 (6%)
    • Dot Jejomar Binay
    • 8 (5%)
    • Dot Alan Peter Cayetano
    • 7 (4%)
    • Dot Chiz Escudero
    • 7 (4%)
    • Dot Ping Lacson
    • 7 (4%)
    • Dot Bongbong Marcos
    • 10 (6%)
    • Dot Grace Poe
    • 19 (12%)
    • Dot Bong Revilla
    • 0 (0%)
    • Dot Mar Roxas
    • 10 (6%)
    • Dot Miriam Santiago
    • 54 (35%)
    • Dot Others
    • 19 (12%)
    • Total Members Voted: 151
    • View Topic

    * PinoyMoneyTalk.com

    * SPAM-free PMT!

    Help clean up the PMT Forum by reporting spam posts, troll messages, PM solicitation, or any other problem posts or members! Click the "Report to moderator" link at the bottom of every post.
    BloQcs design by Bloc
    SMF 2.0.10 | SMF © 2015, Simple Machines
    SMFAds for Free Forums
    SimplePortal 2.3.5 © 2008-2012, SimplePortal