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?

Congratulations, You Wasted Money (And Making Excuses Again)

As promised, here’s the third outing of my “Congratulations” series to awaken our brethren and to bring them out of their senses. We do this to let them realize how they are losing money by spending beyond their means and how they are wasting opportunities to grow their little cash that they didn’t know what to do with in the first place.

The “Congratulations 1 and 2 were focused mainly on gadgets and expenses that should have been invested directly in stocks. If they only followed our recommendation to invest during the time they spent their hard-earned money (or borrowed maybe), they could have earned so much today they didn’t have to borrow money just to buy them.

Today, we will shift our gears in another investment vehicle called mutual funds. People who always had excuses that they don’t have time to time the market or to even check their portfolio at least once a month, investing indirectly in stocks via equity/stock funds of these mutual funds could be their last option to maximize their money’s growth. Vehicles with returns that will make them realize how they’re losing opportunities to become richer by procrastinating and spending on things that in reality they could not afford to buy. Continue reading Congratulations, You Wasted Money (And Making Excuses Again)