Last Updated on April 13, 2017 by Marie Bautista
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| Sweetest Pictures Ever |
I must have the world’s biggest smile…
Kasi I got na my bonus…
And Mr. Vince’s (hereinafter referred to as “The Hub” or “The
Vince”)…
Vince”)…
Should I Spend or Splurge or Save?
I have been very good these past two days (past two days are
waay too long) and did not hit the mall.
waay too long) and did not hit the mall.
I need major help though once I go shopping for my kids’
gifts…
gifts…
Because I get WAYLAID, and end up shopping a storm!
Hmm, I should try to go online shopping. By the way, you can shop at Zalora and use my
online voucher code ZBAP0R1 for a 15 to 20% discount or head on over to Lazada
and use voucher code LZDbrDgr for a P300.00 discount for every P3,000.00 purchase.
online voucher code ZBAP0R1 for a 15 to 20% discount or head on over to Lazada
and use voucher code LZDbrDgr for a P300.00 discount for every P3,000.00 purchase.
Back to regular programming…
Christmas time is fun time for most people working out there
(who said Christmas is just for kids???) with the mandatory 13th
month pay coming in, and for some really lucky ones, the possibility of a 14th,
15th, or 16th month (Grabe! They should think up names for those months!
Read Percy Jackson for those Greek names you can use for those months).
(who said Christmas is just for kids???) with the mandatory 13th
month pay coming in, and for some really lucky ones, the possibility of a 14th,
15th, or 16th month (Grabe! They should think up names for those months!
Read Percy Jackson for those Greek names you can use for those months).
I am trembling just thinking of where to spend it! (Shopping
addict on rehab alert!) But seriously,
people, if you want to secure your future, it makes more sense to make that
money multiply! Make that bonus work for
you.
addict on rehab alert!) But seriously,
people, if you want to secure your future, it makes more sense to make that
money multiply! Make that bonus work for
you.
Here’s what you (and of course, I) can do:
Get a certificate of time deposit.
Of course. Who would
not think of the bank? To get a higher
interest rate than your usual savings account, why don’t you bring your bonus
(or part of it. Don’t look at me!
I have some gastos, too!) to the bank? They give you a fixed interest rate for the
time you park your investment with them, usually 30 days. The average interest rate nowadays is around
1.375% though. (Gone were the days when
you can double your money through a special time deposit account. By the way, watch out for my thoughts on
fractional reserve. ) You can let the
bank roll your investment after 30 days.
Don’t attempt to withdraw your deposit before the maturity date though
because the bank will penalize you and you have to pay a certain fee for the
early termination
not think of the bank? To get a higher
interest rate than your usual savings account, why don’t you bring your bonus
(or part of it. Don’t look at me!
I have some gastos, too!) to the bank? They give you a fixed interest rate for the
time you park your investment with them, usually 30 days. The average interest rate nowadays is around
1.375% though. (Gone were the days when
you can double your money through a special time deposit account. By the way, watch out for my thoughts on
fractional reserve. ) You can let the
bank roll your investment after 30 days.
Don’t attempt to withdraw your deposit before the maturity date though
because the bank will penalize you and you have to pay a certain fee for the
early termination
You can make a minimum of P5,000.00 time deposit in some
banks like Union Bank. Interest income is subject to 20% withholding
tax, but if held for five years, it will be tax free.
banks like Union Bank. Interest income is subject to 20% withholding
tax, but if held for five years, it will be tax free.
Invest in a Unit Investment Trust Fund (UITF).
The unit investment trust fund is offered by banks
only. Investors’ money are pooled into a
fund and this is invested by professional fund managers in marketable and
tradable assets which decades ago are only available to wealthy investors. Investors share in the gains or losses of the
fund according to their participation in the fund. Investors can monitor their investment
through the net asset value per unit amount (NAVPU) which you can view on the
bank’s website.
only. Investors’ money are pooled into a
fund and this is invested by professional fund managers in marketable and
tradable assets which decades ago are only available to wealthy investors. Investors share in the gains or losses of the
fund according to their participation in the fund. Investors can monitor their investment
through the net asset value per unit amount (NAVPU) which you can view on the
bank’s website.
BDO has UITF products requiring only a minimum placement of
P10,000.00. You can also avail of BDO’s
Easy Investment Plan where you start at P1,000.00 per contribution for all UITFs with the EIP feature, which starts at P10,000.00. Once or twice a month, you can authorize BDO
to auto debit from any BDO Savings/Checking/Payroll account maintained with any
BDO branch. Every time the market value
of the investment reaches the required investment account, like in the case of
Balanced and Equity Fund which is P10,000.00, this will spin off and be treated
as a regular UITF investment documented by a Confirmation of Participation
(COP).
P10,000.00. You can also avail of BDO’s
Easy Investment Plan where you start at P1,000.00 per contribution for all UITFs with the EIP feature, which starts at P10,000.00. Once or twice a month, you can authorize BDO
to auto debit from any BDO Savings/Checking/Payroll account maintained with any
BDO branch. Every time the market value
of the investment reaches the required investment account, like in the case of
Balanced and Equity Fund which is P10,000.00, this will spin off and be treated
as a regular UITF investment documented by a Confirmation of Participation
(COP).
Be Part of A Mutual Fund.
Mutual Funds are similar to UITFs in the way that money of
different investors is pooled together and invested in stocks, bonds, or money market
instruments , except that they are managed by an investment company instead of
the bank. Mutual funds are regulated by
the Securities and Exchange Commission.
You can monitor your fund’s performance through the net asset value per
share amount (NAVPS).
different investors is pooled together and invested in stocks, bonds, or money market
instruments , except that they are managed by an investment company instead of
the bank. Mutual funds are regulated by
the Securities and Exchange Commission.
You can monitor your fund’s performance through the net asset value per
share amount (NAVPS).
Go into business.
For as little as P5,000.00, you can start a business of your
own. You can start with what you know,
start small, develop your product then sell it at village bazaars.
own. You can start with what you know,
start small, develop your product then sell it at village bazaars.
Kaya mo yan!
Start with what you know and what you love. There is no point in going into something you
don’t like. You will easily give up when
problems arise.
don’t like. You will easily give up when
problems arise.
If you see an opportunity that has a money-making potential,
grab it right away. Somebody else might
beat you to it.
grab it right away. Somebody else might
beat you to it.
Invest in stocks directly.
You can dabble in stocks yourself with only a minimum
investment of P5,000.00. Citisec Online
offers COL Starter which is an account suitable for long-term investing. By the way, for you prospective stock investors out there, you can register for a 7-day free promo. You can experience all the features of being a CitisecOnline account holder for seven days so you will have a feel of how the market works.
investment of P5,000.00. Citisec Online
offers COL Starter which is an account suitable for long-term investing. By the way, for you prospective stock investors out there, you can register for a 7-day free promo. You can experience all the features of being a CitisecOnline account holder for seven days so you will have a feel of how the market works.
New investors should focus on blue chip
stocks such as PLDT, Ayala Corporation, and BDO. Blue chip stocks give quarterly or
semi-annual cash dividends (My favorite is PLDT because it gave generous dividends
this year!), making you earn something even if the share price has not gone up
yet.
stocks such as PLDT, Ayala Corporation, and BDO. Blue chip stocks give quarterly or
semi-annual cash dividends (My favorite is PLDT because it gave generous dividends
this year!), making you earn something even if the share price has not gone up
yet.
Stay in the market for more than a
year to learn the ropes. There are no guaranteed gains, though,
because you may earn or lose big time – it is a roller coaster ride- but stocks
may earn you more than what bank products may give you in the long run. If you want to go along with the ride, why
don’t you try to be mentored by Bo Sanchez’ Truly Rich Club. His maids are earning more than a regular
executive through their stock investments.
They actually have more money than me, jeez! Join na and grow in wealth and spirit!
year to learn the ropes. There are no guaranteed gains, though,
because you may earn or lose big time – it is a roller coaster ride- but stocks
may earn you more than what bank products may give you in the long run. If you want to go along with the ride, why
don’t you try to be mentored by Bo Sanchez’ Truly Rich Club. His maids are earning more than a regular
executive through their stock investments.
They actually have more money than me, jeez! Join na and grow in wealth and spirit!
Invest in Exchange Traded Fund (ETF).
This one is new. I
don’t know a thing about it, honestly, except that I heard Suze Orman talking about
it. I just saw it being talked about at
ANC’s On The Money awhile ago, and one of the things about it that got stuck in
my mind is that your expense (cost that could eat into your returns) ratio for
a mutual fund is 3% while for the ETF, your expense ratio is only 0.6 of
1%. They are like mutual funds in a way
that you can have a diversified
portfolio, instead of having just one stock, but they are liquid and you can do
the trading yourself. I will research
more on this. But it is promising ha.
don’t know a thing about it, honestly, except that I heard Suze Orman talking about
it. I just saw it being talked about at
ANC’s On The Money awhile ago, and one of the things about it that got stuck in
my mind is that your expense (cost that could eat into your returns) ratio for
a mutual fund is 3% while for the ETF, your expense ratio is only 0.6 of
1%. They are like mutual funds in a way
that you can have a diversified
portfolio, instead of having just one stock, but they are liquid and you can do
the trading yourself. I will research
more on this. But it is promising ha.
Happy Investing!
I think going to the bank and save the bonus is a smart choice or investing a business into something you really like and who knows what the future could be.. Thanks for great tips Marie:)
This is very true! We normally make waldas our bonuses and end up nakatungnga. Marie, let me know through email when you're here a day or two ahead of time so I won't open my schedule and meet you instead 🙂
Good tips, Mommy! This year, I've actually decided that I won't spend all of my bonus. 😀
As of now, wala pa kami nababawas sa aming 13th month pay. BUT we do have plans to make little house renovation. Yun muna but it's not coming from the 13th month, the money will come from the kita of our shop =) Then after that, we will buy new sofa set and bed for us. Everything now is plan. Also, I made fund transfer sa account ni Matt to make it's 500/month deposit complete for the last two years. By January, it will be 1000/month na.
Anyway, we will try that UITF of BDo since our two savings account are with them. Yan sana plan namin last year kaso nakalimutan ko na kulitin si Daddy A dahil naging busy na ako sa aming small business. SO thank you for the reminder =)
Mommy Maye
http://www.momaye.com
I won't be spending any bonus I get too this year and am still thinking of which is the best way to invest it.
Banks now offer alternatives to time deposit. Ang baba kasi ng interest rates. Lugi ka sa inflation.
Our 13th and 14th month bonuses were already deposited in a bank for the amortization of the 2 lots na inutang namin. I really want to try Citiseconline. Next year na talaga, I will do it na.
Matt's Junior saver's Account in BDO is not earning significantly. Later, I will try to inquire if I can use this to fund UTIF in BDO. I know this will earn better compared to the regular account.