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withdraw my UITF so buy stocks?

beatcarlo · 9 · 1455

beatcarlo

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on: Oct 29, 2018, 12:47 PM
i currently have a uitf account that is down around 8 to 10%


should i withdraw this to buy shares of MBT?


this will be my first venture in stocks if ever.




THANKS!!


TSO

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Reply #1 on: Oct 29, 2018, 01:27 PM
Two questions for you:
1. Do you know to (a) read financial statements and evaluate businesses or (b) read charts and assess trends?
2. Do you have time to do or learn #1?

If you say "no" at least once, then you're better off staying in your UITF or switching to a mutual fund instead.



okpinoy

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GIG

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Reply #3 on: Dec 03, 2018, 06:41 PM
Two questions for you:
1. Do you know to (a) read financial statements and evaluate businesses or (b) read charts and assess trends?
2. Do you have time to do or learn #1?

If you say "no" at least once, then you're better off staying in your UITF or switching to a mutual fund instead.




There is a thing called First Metro ETF thats better than a UITF. Check it out, its what I recommend to anyone who is new and have the above problems.


TSO

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Reply #4 on: Dec 06, 2018, 01:54 AM
Oh, there're already ETFs in the Philippines?

Is there one that tracks the PSE composite?


GIG

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Reply #5 on: Dec 06, 2018, 02:02 PM
yeeeep! ticker is FMETF


GIG

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Reply #6 on: Dec 06, 2018, 02:17 PM
What I like about it is the iNAV is displayed beside the current price.


from investopedia:


[size=1.625rem]What is Indicative Net Asset Value - iNAV
Indicative net asset value (iNAV) is a measure of the intraday
net asset value(NAV) of an investment. It is reported approximately every 15 seconds. It gives investors a measure of the value of the investment throughout the day.[/font][/size]
« Last Edit: Dec 06, 2018, 02:34 PM by GIG »


TSO

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Reply #7 on: Dec 06, 2018, 07:10 PM
Ooooh I'll have to check that. It'd be nice to have exposure to the entire PCOMP as a whole.

Thanks.


IGX

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Reply #8 on: Feb 20, 2019, 03:20 PM
Mas ok ba ETF kesa UIT Equity Funds?


 


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