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MF/UITF for OFWS

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ninja

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on: May 08, 2014, 03:58 PM
Hi! This is my first post. I've been reading PMT for quite some time na. I learned a lot by just reading the threads. It's actually great that a lot of you share their insights, experiences and suggestions to everyone. I actually started reading about VUL since someone offered me this when I went home last month.. until I came across with MF/UITF which I think is a better investment. By the way, I'm planning to have VUL before more because of my retirement needs. I am 24 turning 25 this June and I wanted to invest na as early as now. Sometimes I feel like I'm too old to plan for this but (still) compare to other people I know they don't have such plans pa. I'm coming back this June from Dubai for vacation.. But I really wanted to get help from everyone here who are OFWS and who are not.. I want to get UITF but I also want to have an MF because I think (I think) it will be easier me to redeem it without going back home. Is that true? And also by investing to MF, I understand that there will be more charges? How do you compute the sales load out of the earnings you have? I hope someone can help me and also others who wanted to start an investment  :-*


buteteng.mangyan

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Reply #1 on: May 08, 2014, 05:19 PM
Hi! This is my first post. I've been reading PMT for quite some time na. I learned a lot by just reading the threads. It's actually great that a lot of you share their insights, experiences and suggestions to everyone. I actually started reading about VUL since someone offered me this when I went home last month.. until I came across with MF/UITF which I think is a better investment. By the way, I'm planning to have VUL before more because of my retirement needs. I am 24 turning 25 this June and I wanted to invest na as early as now. Sometimes I feel like I'm too old to plan for this but (still) compare to other people I know they don't have such plans pa. I'm coming back this June from Dubai for vacation.. But I really wanted to get help from everyone here who are OFWS and who are not.. I want to get UITF but I also want to have an MF because I think (I think) it will be easier me to redeem it without going back home. Is that true? And also by investing to MF, I understand that there will be more charges? How do you compute the sales load out of the earnings you have? I hope someone can help me and also others who wanted to start an investment  :-*

Good day bro! If you have spare time, try to browse this link and read this first before you venture in the world of investing: http://fitzvillafuerte.com/a-beginners-guide-to-investing-in-anything-and-everything-part-1.html


ninja

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Reply #2 on: May 08, 2014, 05:46 PM
Good day bro! If you have spare time, try to browse this link and read this first before you venture in the world of investing: http://fitzvillafuerte.com/a-beginners-guide-to-investing-in-anything-and-everything-part-1.html

hi bro, but i'm a lady :) btw, that's okay with me... :hihi: i have read the article. just to answer the points he has in that blog.. yes i already have an emergency fund, one of the major reasons why i already want to invest some of my savings.. i wanted to invest 15% (around P20,000) of my income and 15% will go to savings (yes, just in case my emergency fund is not enough if something unfortunate comes- which i hope will not happen).. the rest goes to expenses. living in dubai is really hard especially everything is expensive. imagine, 25% of my salary goes to my housing allowance (mine is not even a room). another reason is yung pang retirement ko and para makapaginvest ng property. and yes brother, i believe i am ready.. long term rin ang goal ko talaga kaya i really think na pwede ako maginvest into such.  :yoohoo:


buteteng.mangyan

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Reply #3 on: May 08, 2014, 06:36 PM
@ninja:  Bro, you also need to consider these things before investing:

1.  Should establish an emergency fund which is equivalent at least 3-6 months worth of your living expenses.
2.  Should be debt-free.
3.  Should have an insurance for income protection.
4.  Should have full understanding of what you are investing in.
5.  Make sure that you are financially stable.
6.  Should know your investing objectives and financial goals.
7.  Should know and assess your risk profile, tolerance and should know how much money you are afford to lose.
8.  Should have a definite investment time horizon.


buteteng.mangyan

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Reply #4 on: May 08, 2014, 07:02 PM
@ninja: Sorry ha kasi hindi ko akalain na meron palang babaeng ninja, hehehe! I'm also an OFW like you and I'm working here in Jeddah, KSA since 2009.  Last November 2013 lang ako nag-open ng investment sa mga pooled funds like UITF and mutual funds.  I'm using BDO Online Banking for my PhilEquity Fund transaction and Metrobank Direct Online Banking naman for my FAMI Save & Learn Fixed Income Fund.  So far eh wala pa naman akong na-e-encounter na problema on both online mediums.  I also have BDO Equity Fund at pina-auto debit ko sa kanila every 10th of the month yung certain amount na dineclare ko sa kanila.  I'm using peso cost averaging monthly on these mutual funds and UITF...it's very convenient, safe and hassle free.

If you want transparency, here's my portfolio for the three funds:

1.  PhilEquity Fund - Php 10,000/month
2.  FAMI Save & Learn Fixed Income Fund - Php 1,000/month
3.  BDO Equity Fund thru EIP - Php2,500/month

Long-term ang time horizon ko on both equity funds and medium-term naman dun sa FAMI SALFIF ko.  I think na mas mataas nga ang cost of living dyan sa UAE compared here in KSA.  The reason kung bakit nakakaipon ako dito eh dahil free ang accommodation, meals, transpo, internet, electricity, water, etc.  Sinagot lahat ng sponsor ko ang mga gastusin ko and by God's grace eh sinunod naman lahat yung mga nakasaad na benefits dun sa employment contract na pinirmahan ko sa inaplayan kong agency dun sa Pinas.  Aside from that eh tax free ang salary dito sa Saudi at libre din ang health insurance kasi mandatory yun sa mga employees.


algarcia

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Reply #5 on: May 08, 2014, 07:23 PM
I also have BDO Equity Fund at pina-auto debit ko sa kanila every 10th of the month yung certain amount na dineclare ko sa kanila.


Paano un mga certicate mo? Paano mo natatanggap kung wala ka sa pinas, pwede ba nilang imail un sa address mo sa pinas?


 Long-term ang time horizon ko on both equity funds and medium-term naman dun sa FAMI SALFIF ko.


Gaano ka long term, i mean ilang years ang long term sa iyo at medium term bago mo iredeem?
« Last Edit: May 08, 2014, 07:26 PM by algarcia »


buteteng.mangyan

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Reply #6 on: May 08, 2014, 08:14 PM
I also have BDO Equity Fund at pina-auto debit ko sa kanila every 10th of the month yung certain amount na dineclare ko sa kanila.


Paano un mga certicate mo? Paano mo natatanggap kung wala ka sa pinas, pwede ba nilang imail un sa address mo sa pinas?


 Long-term ang time horizon ko on both equity funds and medium-term naman dun sa FAMI SALFIF ko.


Gaano ka long term, i mean ilang years ang long term sa iyo at medium term bago mo iredeem?

@algarcia:  Sir, pinatago ko po muna yung mga Certificate of Participation (COPs) dun sa BDO branch kung saan ako nag-open ng EIP ko.  Bago po ulit ako bumalik dito sa Jeddah, nagpagawa ako ng SPA para mabigyan ng duplicate copy nung COP yung mother ko because I want to monitor kung ilan na po yung units/NAVPUs ko although ngayon ko lang po nalaman na pwede ko palang ma-monitor by registering my UITF account in BDO Online Banking.

Long-term for me is 10 years or more and I'm not planning to redeem my equity fund investments after this time frame.  Dun po naman sa medium-term eh 3-5 years bago ko i-redeem yung shares ko on the condition that it's not a paper loss kasi ang sabi nga ni Warren Buffet eh "Rule No.1 --> Never lose money. Rule No.2 is never forget rule number one, hehehe! :hihi:


ninja

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Reply #7 on: May 10, 2014, 02:07 AM
@ninja:  Bro, you also need to consider these things before investing:

1.  Should establish an emergency fund which is equivalent at least 3-6 months worth of your living expenses.
2.  Should be debt-free.
3.  Should have an insurance for income protection.
4.  Should have full understanding of what you are investing in.
5.  Make sure that you are financially stable.
6.  Should know your investing objectives and financial goals.
7.  Should know and assess your risk profile, tolerance and should know how much money you are afford to lose.
8.  Should have a definite investment time horizon.

hi bro. thank you for these.. i really think na pasado ako sa lahat ng yan.. i make sure na debt free ako. i have an emergency fund already.. long term rin plan ko for this kind of investment. balak ko rin naman mag cost averaging para ndi rin naman malaki nawawala sakin  :cool2:


ninja

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Reply #8 on: May 10, 2014, 02:10 AM
@ninja: Sorry ha kasi hindi ko akalain na meron palang babaeng ninja, hehehe! I'm also an OFW like you and I'm working here in Jeddah, KSA since 2009.  Last November 2013 lang ako nag-open ng investment sa mga pooled funds like UITF and mutual funds.  I'm using BDO Online Banking for my PhilEquity Fund transaction and Metrobank Direct Online Banking naman for my FAMI Save & Learn Fixed Income Fund.  So far eh wala pa naman akong na-e-encounter na problema on both online mediums.  I also have BDO Equity Fund at pina-auto debit ko sa kanila every 10th of the month yung certain amount na dineclare ko sa kanila.  I'm using peso cost averaging monthly on these mutual funds and UITF...it's very convenient, safe and hassle free.

If you want transparency, here's my portfolio for the three funds:

1.  PhilEquity Fund - Php 10,000/month
2.  FAMI Save & Learn Fixed Income Fund - Php 1,000/month
3.  BDO Equity Fund thru EIP - Php2,500/month

Long-term ang time horizon ko on both equity funds and medium-term naman dun sa FAMI SALFIF ko.  I think na mas mataas nga ang cost of living dyan sa UAE compared here in KSA.  The reason kung bakit nakakaipon ako dito eh dahil free ang accommodation, meals, transpo, internet, electricity, water, etc.  Sinagot lahat ng sponsor ko ang mga gastusin ko and by God's grace eh sinunod naman lahat yung mga nakasaad na benefits dun sa employment contract na pinirmahan ko sa inaplayan kong agency dun sa Pinas.  Aside from that eh tax free ang salary dito sa Saudi at libre din ang health insurance kasi mandatory yun sa mga employees.

thanks for sharing your portfolio ha. im thinking of getting BDO equity rin then ill have another one na balance fund.. iniisip ko rin na ung isa is mutual fund. nasabi mo na may FAMI ka. ung sales load niya, pano po cncompute? kelan po sya kinakaltas? is it everytime you top-up? :thankyou:


LiveLoveInvest

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Reply #9 on: May 10, 2014, 09:23 AM
thanks for sharing your portfolio ha. im thinking of getting BDO equity rin then ill have another one na balance fund.. iniisip ko rin na ung isa is mutual fund. nasabi mo na may FAMI ka. ung sales load niya, pano po cncompute? kelan po sya kinakaltas? is it everytime you top-up? :thankyou:

Yes sir for philequity and fami, kinakaltas siya every top up like for example sa philequity is 3.5% for 1,000 to 99,000.

Pero cumulative siya meaning pag ung total investment mo is above 100k na sa next bracket na siya ng sales load magfall, ang next is 3.25% then so on.

How to compute? Example 1k add mong investment then 3.5% of that which is 35 pesos ang kaltas so ang net investment mo is 965 :)

Some say mas mahal mf dahil sa sales loads pero if you take a look at philequity's performance bawing bawi mo naman siya eh.. Just my 2 cents :D
« Last Edit: May 10, 2014, 11:08 AM by LiveLoveInvest »


algarcia

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Reply #10 on: May 23, 2014, 03:19 PM
Buteteng,

Ganun pala, hmp email ko  bdo baka pwede akong mag open kahit wala ako dyan sa atin.
Salamat sa pagshare mo.


buteteng.mangyan

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Reply #11 on: May 25, 2014, 05:09 PM
Buteteng,

Ganun pala, hmp email ko  bdo baka pwede akong mag open kahit wala ako dyan sa atin.
Salamat sa pagshare mo.

@algarcia:  Sir, check out this link for more info: http://burngutierrez.com/can-filipinos-overseas-apply-for-bdo-eip/


harvzc

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Reply #12 on: Jul 12, 2014, 08:00 PM
Ok po pala ang EIP ng BDO, pero gusto ko lang po maliwanagan kung magkano po ang minimum capital para po sa EIP ng bdo? sana po may makasagot.. taga UAE din po ako, maliit lang po sahod ko pero sagot na po ng company ko ang tirahan, transpo at pagkain ko po..


buteteng.mangyan

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Reply #13 on: Jul 13, 2014, 04:23 PM
Ok po pala ang EIP ng BDO, pero gusto ko lang po maliwanagan kung magkano po ang minimum capital para po sa EIP ng bdo? sana po may makasagot.. taga UAE din po ako, maliit lang po sahod ko pero sagot na po ng company ko ang tirahan, transpo at pagkain ko po..

Good day brod! I'm also an OFW but I'm based here in Jeddah, KSA.  I have a BDO Equity Fund UITF thru their EIP which I only started last November 2013.  Bale nag-apply ako personally dun sa BDO branch na meron akong existing Peso Kabayan Savings Account at pina-auto debit ko na lang yung amount na gusto kong ihulog sa UITF ko monthly.  You can check out this link for more info kasi nandyan ka kamo sa UAE --> http://burngutierrez.com/can-filipinos-overseas-apply-for-bdo-eip/


acurquia

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Reply #14 on: Jul 13, 2014, 05:36 PM
Ok po pala ang EIP ng BDO, pero gusto ko lang po maliwanagan kung magkano po ang minimum capital para po sa EIP ng bdo? sana po may makasagot.. taga UAE din po ako, maliit lang po sahod ko pero sagot na po ng company ko ang tirahan, transpo at pagkain ko po..
Taga Jeddah din po ako. Ang minimum EIP ng BDO ay 10K pero pwede kang magsimula na hindi bababa ng 1K every month yun nga lang bago ka bigyan ng certificate kailangan makaabot ka ng 10K.  Isa lang ang computation ng EIP at UITF kung Equity Fund ang kukunin mo.


 


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