Category: Investing

Can An OFW Open A Mutual Fund Account While Abroad?

In the past few weeks that we’ve been giving seminars to OFW’s on how to start investing in various financial instruments, a considerable number of them have signified their interest in two most popular types of pooled funds: mutual funds or UITF’s.

One expected question and concern among them was can they really open a mutual fund account in the Philippines while they are working abroad?

Recently, we answered a question as to whether OFW’s with BDO savings accounts can invest in their UITF products. This time we will be giving our OFW’s one answer with complete procedures on how they can invest in this Philippine mutual fund even if they are currently based overseas. Continue reading Can An OFW Open A Mutual Fund Account While Abroad?

Term Insurance – Is it for Everyone?

This is a guest post from my friend and fellow financial literacy advocate, Jess Uy.:)

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Term insurance may seem like the underdog when it comes to insurance policies because it lacks cash value. It may not be for everyone, but one should seriously think about getting a term policy over a whole life if their budget is rather limited.

Affordability is a primary reason why people buy term. It is highly attractive to people on a budget who need high coverage but have limited resources. Plus the earlier you get the policy, the more you save. In fact, savings become exponential the younger you are.

Young families or those with dependents will particularly benefit from this option. This group may find the option very attractive especially since they usually work with limited funds – balancing their financial resources for children’s education needs and retirement savings among other financial commitments. Continue reading Term Insurance – Is it for Everyone?

What Are Securities?

In our recent seminars, one of the most asked questions was “What is a security?” For the first time participant, the word may sound alien or may mean another thing for some. Such as the word security in “security guard”.

A new investor may already probably know what securities are but are not just aware that they are called by that name.

Now, what really are securities? Continue reading What Are Securities?