Information on Time Deposit

[COMCAM]

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higher interest means higher risk......... That is the rule

correct but for trustworthy banks, its not at all applicable.

Just as an example; in a given year a certain bank may only have high interest yields on the following months, january, june, and september. This is so because this has an investment to finance. One of the investments could be loans and loans have different types. It could be personal, car, real estate or company capitalization.

[darkcrux]

@the Messenger

I recommend equity funds for long term investments.
Here's a list of all mutual funds in the Philippines. http://icap.com.ph/factsfignavps.asp

PhilEquity is the best performing mutual funds even during the economic crisis in the 90's.
FirstMetro is also performing good. (FirstMetro is related to Metrobank)
MAA has good Dollar and Euro bond funds.
There are plenty of mutual funds you can invest in.

Hope this helps. If you want, i can give you my contact and help you regarding mutual funds and investments.

Hope this helps.

[the Messenger]

@ darkcrux

Thanks for the info. Are you and Janix the same person? Got your PM and will contact you when I have the time. I'm now interested in mutual funds. I haven't been getting much from time deposited money.

[darkcrux]

@the Messenger, sorry I don't know who Janix is. Anyways, just give me a PM or a call.

[WhiteLady]

Maybe You guys know of BDO, ayt? You may ask one of their Marketing Assistant or an officer about UITF ( Unit Investment Trust Fund)...
Before, they offered Common Trust Funds or Mutual Funds.
But now they offer much of a UITF. But it works kinda same way.

As low as Php10,000 You can invest on this (but maybe they have updated lower amount now)...
As they said, it is based on Net Asset Value Per Unit (NAVpu). Once You invest, You will have the number of units somewhat like on stock markets.
Let's say, you'll invest Php10,000 and the NAV is Php 100 per unit.
So, you have invested on 100 units.

Some investments needs a holding period of 1 month but some dont, which is you may withdraw it anytime.
So, this is a matter of playing the game right...
Everyday, You may refer to the NAVPu for you to determine whether the market is good or not....
Its getting better if the trend is going up... But of course, nothing is certain in here...
There is always the risk. Unlike the time deposit that you have a definite rate of interest, in UITF it is indefinite.
The market goes up and down...

You will get much out of your money, if by the time you withdraw the investment, the NAVpu is much higher...
So, kung ang NAV pu na is P150/unit...
Then 100units xP150=P15,000.
So you get the interest of P5,000.
But if by the time nga nagwithdraw ka the NAVpu is P90/unit, so you'll just get P9,000. lugi pa kag 1,000.
So timing timing la gyud ni.... That's the risk you should be ready of...

UITF has the greater chance of bigger interest... mao ng ginatawag nga chance or possibility jud...

Ang uban maayo na kaayo mopadagan ani nga investment...
Tiyaga lang jud sila sa pag monitor... and they study the market pretty well...

Mao lang ni akong ikashare.... hehhehe!
Naa bay nasabtan ani?

[Metz]

Mutual funds are not PDIC insured? I'm no expert but this is what I heard.

yep they are not insured.
they have higher returns than standard time deposits. its all up to you where you want to invest.

as for me, although I havent invested pa, my first few ventures would be in time deposits then ang uban mutual funds na. just in case mayabo ang mutual funds naa nako backup nagtubo.

its really up to you how much risk you can handle, mutual funds are not guaranteed, but much better if you dont have any knowledge in investing. And right now daghan issues sa US, like AIG which is being bailed out by the US gov't but I dont know if it will affect their Philippine based counter parts.

[tapsikret]

kung time deposit i suggest chinabank..

30 days 60 days 90 days
5,000 – 49,999 4.000% 4.250% 4.250%
50,000 – 199,999 4.250% 4.500% 4.500%
200,000 – 499,999 4.500% 4.750% 4.750%
500,000 – 999,999 4.750% 5.000% 5.000%
1 Million & Up 5.000% 5.250% 5.250%
(subject to 20% withholding tax)
Effective September 01, 2008

[Metz]

kung i calculate ang withholding tax, pila nalang ka % ang malimpyo nimo?

can you calculate for me? try 200k with 90 days, 4.75% interest.

[schanqz]

u can also try the balanced fund so that safer inyo money and don't forget to diversify ur money. put it in many baskets para sure..

[Ryze]

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On the 30th year = it becomes 1.6 Million
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Ryze Gerente
Contact #: 0920-8917032 / 4147651
Email: ryze8@yahoo.com
Member ID: PSP002047030

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Thank you for your time.