Category: Investing

Will I Lose My UITF Investment When The Bank Closes Down?

From a blog inquirer: “Interesado po ako na mag-invest sa sinasabi ninyo na UITF sa bangko. Pero madami na po akong nabalitaan na mga bangko na nagsarado. Hindi po ba ako mahirapan na kunin ang pera ko kung sakaling magsarado ang bangko na pagkukuhanan ko ng UITF?”

One of our favorite investment vehicles in the Philippines are the UITF’s or unit investment trust funds. This type of bank product that allows the bank’s clients and other investors to avail of affordable pooled funds that are invested in various financial instruments. However, these are not insured by the Philippine Deposit Insurance Corporation or PDIC.

So if and when a bank goes bankrupt and its owners decides to close it down, your investment in their UITF product will also become part of the history, right? Continue reading Will I Lose My UITF Investment When The Bank Closes Down?

That Dangerous “Only” Word in Price Tags

I’ve been having a series of finance talk over the past weekends to fellow Filipino community members in homes around Al Khobar/Dammam, Saudi Arabia.

Interestingly, most of the attendees were couples but it was mostly the husbands who would stay longer for the duration of the talks that I usually conduct in their salas or the living rooms.  The wives would always assemble in the kitchen and discuss their most favorite topic of all: MALL SALE! 😀

“This product is on SALE! For ONLY P995!”

“Underwear na long sleeves, P499 na LANG!” Continue reading That Dangerous “Only” Word in Price Tags

What Are Some Low-Risk Investments Available in the Philippines?

Some of our forum members have been asking whether there are other alternative financial instruments for them to preserve some more of their savings and capital either for a future business or to address particular medium-term goals.

Remember that in any type of investment, there are advantages and disadvantages. Make sure that you have identified the risks and are willing to take such risks.

So what are some examples of low-risk and affordable investment options that risk-averse Filipino investors may put some of their cash in? Read on. Continue reading What Are Some Low-Risk Investments Available in the Philippines?