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How to Invest in UITF (Unit Investment Trust Funds) - Part 2

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yagami_kira

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I just read this latest news in Inquirer today: http://business.inquirer.net/152207/yolanda-may-keep-interest-rates-low

It said that "Barclays said the BSP may keep its policy rates at their current record lows until the third quarter of next year."

So maybe we won't expect bond funds to go down anytime soon? Besides it may be one of the funds that may go up once foreign funds, SDA, enter our market?


freefront

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^ not a fan of bonds   :D I reckon I'll go near them when they hit above 10%. Besides, the little of what I have are more or less liquid#itchypwetsmoney. It's SA then hop to MF and stocks. I don't have the luxury of time anymore  :D


hunkinvestor

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Mga sir I just opened an Equity Fund sa BDO and at the same time an ATM savings account para sa EIP.

Binigyan lang ako ng receipt para sa inopen ko na 10,000 and di ko alam ilan ang number of shares ko.

Also, sa EIP ba, let's say twice a month ka kakaltasan ng 2500, hindi automatic additional investment yun diba? Kasi kailangan umabot muna ng 10,000? So saan ilalagay yung na-debit sayo? Floating money? And may confirmation ba na makukuha pag nakaltasan ka na? Basically, I wanna have some proof na nakaltasan ako at napunta sya sa investment fund ko.



mxherr5

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If you enrolled your CMN in BDO Online then you'll see your
"floating" investment otherwise you can go to branch to get
the same information.

In BDO Online you'll see the following
Product: (Type of UITF)
COP Number: EIP-XXXXXX
Placement Date:
No. of Units:
Amount as of <Current Date>:
Unrealized Gains/Loss:

Btw the only difference(as seen online) between these "floating" investment and a spun off one
with a COP is that the COP Number for floating investments has EIP-XXXXXX whereas a spun off
investment would have a real COP Number.

You will not be given any proof/receipt for every investment/contribution.
You'll just have to trust BDO or alternatively, you can enroll your EIP online and you can monitor
it real time so you can report discrepancies.

**NOTE: You will ofcourse have an "unofficial" proof of debit since this would be
a debit against your savings account to your EIP with the following description:
ADA TRUST UITF & REFNUM


hunkinvestor

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If you enrolled your CMN in BDO Online then you'll see your
"floating" investment otherwise you can go to branch to get
the same information.

In BDO Online you'll see the following
Product: (Type of UITF)
COP Number: EIP-XXXXXX
Placement Date:
No. of Units:
Amount as of <Current Date>:
Unrealized Gains/Loss:

Btw the only difference(as seen online) between these "floating" investment and a spun off one
with a COP is that the COP Number for floating investments has EIP-XXXXXX whereas a spun off
investment would have a real COP Number.

You will not be given any proof/receipt for every investment/contribution.
You'll just have to trust BDO or alternatively, you can enroll your EIP online and you can monitor
it real time so you can report discrepancies.

**NOTE: You will ofcourse have an "unofficial" proof of debit since this would be
a debit against your savings account to your EIP with the following description:
ADA TRUST UITF & REFNUM

Hi, thanks for the response. What is CMN, is it an account number? I haven't enrolled any online account since wala naman ibinigay sa akin kundi OR ng inopen ko na amount which is 10,000 for the Equity Fund, and a Cash Deposit Slip of 2000 for the ATM Savings account. How do I enroll online? So that's the only way para ma keep track ang investment?


mxherr5

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Client Master Number, you can see this in your COP.
Back when I first opened an EIP account, I had to wait
until my EIP spun of as you can only see it once you get
a COP.

But I've been told that things has changed has then and
you can now enroll without waiting for your first COP.


Wadup

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 :help:
I am currently unhappy with the downsliding BDO equity fund. I invested last nov 6 knowing already the typhoon coming but no idea that time that it will be a disaster. My paper loss have reached today Pxx,000.

Any insights guyz! :help:


yagami_kira

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:help:
I am currently unhappy with the downsliding BDO equity fund. I invested last nov 6 knowing already the typhoon coming but no idea that time that it will be a disaster. My paper loss have reached today Pxx,000.

Any insights guyz! :help:

Don't worry, Equity funds are meant to be held for at least 5 years. My paper loss reached Pxxx,000.00 , and I'm still waiting for the NAV to drop some more so I can buy more.


jmces

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Don't worry, Equity funds are meant to be held for at least 5 years. My paper loss reached Pxxx,000.00 , and I'm still waiting for the NAV to drop some more so I can buy more.


big fundie :D


hunkinvestor

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Client Master Number, you can see this in your COP.
Back when I first opened an EIP account, I had to wait
until my EIP spun of as you can only see it once you get
a COP.

But I've been told that things has changed has then and
you can now enroll without waiting for your first COP.


Bakit ganun, I got my COP today pero right across the account ID no. there is the CMN pero it says null?

Also, yung activation ng online account ba di right away? I activated my account na sa ATM pero pag check ko ngayon application status is pending daw.


Wadup

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Don't worry, Equity funds are meant to be held for at least 5 years. My paper loss reached Pxxx,000.00 , and I'm still waiting for the NAV to drop some more so I can buy more.

 :thankyou: Yagami.
Yeah, ill just forget monitoring for awhile. Ty for the uplift. Lets just hope next week, it will rise..


Wadup

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Oh btw, what is the reason behind the down of equity this week?


yagami_kira

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Oh btw, what is the reason behind the down of equity this week?


The effect of typhoon Yolanda probably. But it's all economic cycles (down and up). It will always happen, it's human nature. Still, businesses grow and increases in value over time. Think about your equity fund as a newly built business, it takes time for you to establish the business and earn money and there will be some losses along the way.


richpulubi

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The effect of typhoon Yolanda probably. But it's all economic cycles (down and up). It will always happen, it's human nature. Still, businesses grow and increases in value over time. Think about your equity fund as a newly built business, it takes time for you to establish the business and earn money and there will be some losses along the way.

It will only be a loss if you sell your uitf now.

I'm so so nervous.  Nervous cuz I've been in this position before, wherein some crisis(US debt ceiling, Great recession, Pablo, Ondoy, etc.) will greatly affect our stock market and it will decline.  My head tells me to invest more but my heart says it may go much further down and NOT COME UP AGAIN. But this never happens!

The PSE always recovers!  And so, I'm nervous about my mixed feelings of greed and fear!


yagami_kira

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It will only be a loss if you sell your uitf now.

I'm so so nervous.  Nervous cuz I've been in this position before, wherein some crisis(US debt ceiling, Great recession, Pablo, Ondoy, etc.) will greatly affect our stock market and it will decline.  My head tells me to invest more but my heart says it may go much further down and NOT COME UP AGAIN. But this never happens!

The PSE always recovers!  And so, I'm nervous about my mixed feelings of greed and fear!

Temperament is the key. Warren Buffett is the master of temperament, and I'm his disciple, LOL


 


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