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Saving Up to Pay Payment Balance

Wolverine · 9 · 2483

Wolverine

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on: May 07, 2014, 03:00 PM
Hi guys! Need your wisdom.

Scenario:
- I have invested in a new condo unit.

General info on my payment scheme:
- I already made a 20% down payment.
- I have a grace period of 16 months before I need to pay the 80% remaining balance.
- I plan to loan the 40% from a bank.
- For the remaining 40%, I can pay it from my income.

Question:
Every month I will set aside my money to save up for the 40%, where do you think should I invest or park my money while I accumulate it?

I have thought of time deposit but of course interest is too low. I don't know though if it's a good idea to put it in a mutual fund or stocks since these are long term investment and probably has a high risk in the short term.

Hope you can help me  :hello:


empleyado

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Reply #1 on: May 07, 2014, 03:45 PM
You may put it in low risk mutual funds, but the gains would be low also.


kulatir

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Reply #2 on: May 08, 2014, 06:31 PM
Since gagamitin mo ang pera in a short time, be defensive TD na lang kase not guaranteed kung sa stocks eh kikita na agad yan pera mo in short term. Im not familiar in bond investment try mo din baka meron na mas malaki ang kita na bonds kesha TD. Stocks lang kase ang na try ko, bonds wala pa.


wilch23

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Reply #3 on: May 09, 2014, 12:12 AM
May UITF na for short term, mostly placed sa SDA. Usually slightly better than SDA rates but reliable. Better than SDA because it is a small equity component.

Ask your bank what they have fro short term placement. Huwag na TD.


wilch23

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Reply #4 on: May 09, 2014, 12:32 AM
Since gagamitin mo ang pera in a short time, be defensive TD na lang kase not guaranteed kung sa stocks eh kikita na agad yan pera mo in short term. Im not familiar in bond investment try mo din baka meron na mas malaki ang kita na bonds kesha TD. Stocks lang kase ang na try ko, bonds wala pa.

With the pressure on interest rates to rise soon, bonds would be a bad idea.


freefront

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Reply #5 on: May 11, 2014, 09:17 AM
May UITF na for short term, mostly placed sa SDA. Usually slightly better than SDA rates but reliable. Better than SDA because it is a small equity component.

Ask your bank what they have fro short term placement. Huwag na TD.

UITF in SDA sounds good. Kasi sa profile questionnaire ng MF, pag less than 3 years ang time horizon mo, puede nila tanggihan ang placement mo. PD: my equity MF nung year end was negative. The balanced fund was +11% naman.

Walang lock in sa uitf-sda tandem?


Wolverine

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Reply #6 on: May 14, 2014, 05:05 PM
Hi sirs,

First time I heard po of UITF in SDA.

What's the common name po of this type of investment?

Which bank offer's this po?

I'm thinking of putting my money in Peso Balanced Fund... to be a bit conservative.

Thanks.


kulatir

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Reply #7 on: May 25, 2014, 10:13 PM
Hi sirs,

First time I heard po of UITF in SDA.

What's the common name po of this type of investment?

Which bank offer's this po?

I'm thinking of putting my money in Peso Balanced Fund... to be a bit conservative.

Thanks.

Parang ito yata yung uitf na fix income fund, but im not really sure. Ang inalam ko lang kase yung equity and balanced fund.


kulatir

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Reply #8 on: May 25, 2014, 10:17 PM
With the pressure on interest rates to rise soon, bonds would be a bad idea.

Agree, that's why sa stocks na lang ako naginvest, mejo mabagal pero mas ok naman compare sa savings account and TD.


 


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