Showing posts with label BPI UITFs. Show all posts
Showing posts with label BPI UITFs. Show all posts
BPI Feeder Funds
I am a Money Magnet! We are Money Magnets!
Not very long ago, Fund-of-Funds type of UITFs were introduced in the market, Now, we have a new type of UITF funds called FEEDER Funds. BPI has just launched its BPI US EQUITY INDEX FEEDER FUND and BPI EUROPEAN EQUITY INDEX FEEDER FUND.
If you are interested in learning more about feeder funds and these new BPI UITF investment products, read on.
Lessons from Finance Superstar Suze Orman
I am a Money Magnet! We are Money Magnets!
Personal Finance superstar Suze Orman was in the Philippines for a brief road show, encouraging Filipinos to believe in the Philippines, to start saving, and to finally launch that journey to financial freedom. Here are some of the key points that she imparted during her stay.
On Marriage and Finance
- Having a Prenuptial agreement (prenup) is good.
- Marry someone who you can freely discuss money issues with.
On Debt
- Debt is financial bondage.
- You will never achieve financial freedom if you have debt.
- Pay off all your debt first before you start saving.
- The most common financial sin is Credit Card debt.
Saving is Not Investing
In a recent article from BPI Asset Management, author Kleia Crucero highlighted why in the past 5 years, if you simply placed your money in a savings account or even a time-deposit account, you would have lost a fraction of your money's value due to inflation.
The five year average time deposit rate and 5 year average inflation rate for the Philippines are highlighted in the table below. While your saving's numerical value actually increased, your money's purchasing power actually decreased by -2.49% annually due to inflation.
This article highlights the fact that we should strive to find other investment instruments that can effectively beat the inflation rate. Possible alternatives are investing in bonds, stocks, mutual funds, or Unit Investment Trust funds (UITFs).
Continue reading the article to know more.
BPI Unit Investment Trust Funds (UITF) - No more Holding Period No more early redemption penalty
Good news Money Magnets!
BPI Asset Management has just announced that they are removing the holding period for all their Unit Investment Trust Funds (UITFs) starting August 1, 2012. Instead of placing a holding period to encourage clients to commit, BPI is finding other ways to do so. The change is retroactive and placements made months earlier will also no longer incur a penalty if you do decide to redeem them earlier. While a short investing time frame is not very ideal for these types of funds, certainly, the freedom to redeem your placement without a penalty is very encouraging especially during times of financial emergencies.
Hurray for BPI! We hope other banks follow suit.
How to Make your Finances Crisis-Proof
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| Chinese Characters for "CRISIS" |
Staying Calm During The Storm:
Tips on How to Make Your Finances Crisis-Proof
By Nina Laquindanum
For quite some time now, investors throughout the world have continuously been shaken by the news from Europe. The debt crisis of Greece, the European Union’s bailout plan, and the shocking announcement of former Greek Prime Minister Papandreou to hold a referendum have just been some of the events in the past weeks that have left the world watching the drama unfold from the edge of their seats. The past few days, the focus has somehow shifted to Italy as investors remain cautious about whether it will be next to take the hot seat after Greece with its debt. While news in other parts of the world do not seem as drama-packed as Europe, the bankruptcy filed by MF Global Holdings Ltd., the high rate of unemployment in the United States, as well as the slowdown in the economy of China, are among the other stories which have made investors skittish about what lies ahead.
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