Savings and investments priorities=From banks to life insurance to mutual funds/stocks

[RonIvs]

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Good evening ka istoryans!

i would like to ask unsa ang pinaka efficient nga paagi e invest imong money. Like if insurance, unsa nga klase. I still dont get the btid method and im also curious unsaon pag invest ug mutual funds. I have been reading lately and its true nga mas maayo pa e invest imo kwarta kesa park sa banko kay pila ra interest per year then patyon pa ka sa inflation. Naa man ko business gamay and as much as possible, working capital ug emergency fund ra jud ang naa sa bank and e invest ang uban. This issue has been bugging me a lot lately kay as early as possible masugdan na nako. Thank you and hope naa maka enlighten nako ani.

[blairwitch]

If you want to know more about insurance and investment feel free to text me at 09238881275.

[medwarc]

Let me share bro. If you want convenience, go for vul. But if you want value for your money, btid is the better strategy. I'll not discuss vul coz i know insurance agents will post its info also here. Btid which is buy term invest the difference. Term insurance is the cheapest form of insurance. At P3k, you can be insured to P1M good for 1 yr. Try to check vul products which will cover you up to P1M and for sure the premium is quite pricey. For example only, the cost is P30k a year. so between vul and term, there is a difference of P25k. With that amount, you can invest it all in the mutual fund, or part of it you can save it to other products like long term healthcare.

[RonIvs]

Let me share bro. If you want convenience, go for vul. But if you want value for your money, btid is the better strategy. I'll not discuss vul coz i know insurance agents will post its info also here. Btid which is buy term invest the difference. Term insurance is the cheapest form of insurance. At P3k, you can be insured to P1M good for 1 yr. Try to check vul products which will cover you up to P1M and for sure the premium is quite pricey. For example only, the cost is P30k a year. so between vul and term, there is a difference of P25k. With that amount, you can invest it all in the mutual fund, or part of it you can save it to other products like long term healthcare.

Ok, what is vul? Actually, the proposal i got was that ill pay 3k amonthor 36k annually like forever or depending say 5 10 or 20 yrs then ill be insured up to 3.5 m etc. the investment return was between 4 to 20percent per annum depending on the performance of the market. Anyway, itstrue that i was kind of enticed with the investment side of the insurance. But then ive read about the btid method and my mindset was changed. I mean it meant that i could take a lesser monthly and instead of relying for the investment bundle of the insurance, i could maximize my investment if i do the investing myself instead of going with the bundled life insurance/investment term. Thanks for the input. Nakasabot r jud kosa sige nako ug basa unsa ang btid. Whats more shocking kay gi tawagan nako ang ako agent and asked if kahibaw siya btid he said mag ask pa daw siya.

So murag karon ga libog ko if mu push through ko osa original proposal or mag btid ko. Thanks for the info sir.

[jackdi]

Ang akoa is mura'g a little common but different.

Ang pinaka-reason nako to go for VUL is because.... i would only pay 1 for 2. And i consider the premium as my utang, so ako jud bayaran - 1 utang for 2 purposes.

Im aware of the difference. But let's face it, lisod ang paggahin og money for investment. Kay ang spare money, dali ra kaayo gastuhon.
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Para sa imoha case Sir @RonIvs , if you can spare P3k a month or P36k for a year para sa VUL, i think it wouldn't hurt you to take the BTID for P3k more. Kuhaa nalang na'ng duha aron naa kay double peace of mind

[Pussifier]

advantage anang btid boss is mka maximize ka sa imo investment, naa ka full control unsaon nimo pag adjust, disadvantage ani dapat you learn usa unsaon nya manage your portfolio then the risk and emotion.. your greed and fear if the market is too volatile else ma whipsaw ka hehehe

ang vul sad advantage ani is mas lesser hassle jud kay nka bundle naman, pwde ra kalimtan nimo in long term and you can assure sad imo investment is in good hands. disadvantage is fix imo premium, mas taas nya di ka mka control asa nimo e invest.

ps I got both of these, ako premium sa vul is 36k annually plus naa sad ko mutual fund sa philam nya naa ko stocks sad. and also FYI kana 4-20% per annum is the avg return for long term, say 15 yrs or more. Wala jud na assurance, pwde sad na ma -50% in a year once crisis hit us

[RonIvs]

I see. Now kuha na nako. Kay naa man gud mga proposals pud na mu bukk in ka ug dako2 na investment for better returns or increased chance nga mu tubo or ma maximize imo money. Then after sige ug basa sa mga threads diri,i think iil gget the 3k pero month term say mga 10 years then kato unta supposed na 100k para atong insurance/investment, sa mf nalang nako ibutang. Kay mao raman gihapon e invest mana nila ang kwarta diha so maypa ako nalang pareha ra man storyaha ma maximize pa nimo imong return kaysa ma tunga if mu agi paka sa insurance.

Another question pud. Kung after 10 years ma fully paid nako, pwede man nako e withdraw tanan diba and if i feel na wala pako ka build enough kwarta e reinvest napud nako balik ug another 10 years?

[medwarc]

advantage anang btid boss is mka maximize ka sa imo investment, naa ka full control unsaon nimo pag adjust, disadvantage ani dapat you learn usa unsaon nya manage your portfolio then the risk and emotion.. your greed and fear if the market is too volatile else ma whipsaw ka hehehe

ang vul sad advantage ani is mas lesser hassle jud kay nka bundle naman, pwde ra kalimtan nimo in long term and you can assure sad imo investment is in good hands. disadvantage is fix imo premium, mas taas nya di ka mka control asa nimo e invest.

ps I got both of these, ako premium sa vul is 36k annually plus naa sad ko mutual fund sa philam nya naa ko stocks sad. and also FYI kana 4-20% per annum is the avg return for long term, say 15 yrs or more. Wala jud na assurance, pwde sad na ma -50% in a year once crisis hit us

Okay ra man bro term insurance then invest the difference in mutual fund. It's not necessarily nga ikaw jud mu invest directly to stocks. Mao na ako strategy. So wala gihapoy labad sa ulo.

[BatmanBeyond]

Hoy Ron, diri ra diay ka tig tambayan?hehe, classmate ta pag college oi, musta naman ka!

Anyway, BTID = Buy Term, Invest the Difference.
So palit ka term insurance at a cheaper premium. In your example, VUL is at 36k/year. So what if term insurance at 6k/yr, so have the option on where to invest the difference which is 30k in this example. For me, it doesn't matter if it's invested in MFs or stocks or businesses or real estate. As long as you can beat the return of VUL vs the return of the DIFFERENCE then you're doing a good job. Para sa gusto ug limpyo daan, then they go for VUL. If you want to do it yourself then go for BTID.

Take note lang na you must have enough protection and proper estate planning which VUL or term insurance will answer soon.

Also, if thru VUL, yes you can withdraw anytime. If it's a 10-year pay then after 10 years, you have the option to do whatever you want. Just make sure than you leave enough fund for your insurance. Kay if you will withdraw all, then you're terminating your coverage.

Be unsa pa inyu pangutana be, free rani tanan mentras di pako busy,hehe, hinambugero ba,hehe, joke ra ha. Bitaw, Im connected with an insurance company but I won't invite meet ups unless kamu na mohagad. I'm glad to assist you here na.

[RonIvs]

Hoy Ron, diri ra diay ka tig tambayan?hehe, classmate ta pag college oi, musta naman ka!

Anyway, BTID = Buy Term, Invest the Difference.
So palit ka term insurance at a cheaper premium. In your example, VUL is at 36k/year. So what if term insurance at 6k/yr, so have the option on where to invest the difference which is 30k in this example. For me, it doesn't matter if it's invested in MFs or stocks or businesses or real estate. As long as you can beat the return of VUL vs the return of the DIFFERENCE then you're doing a good job. Para sa gusto ug limpyo daan, then they go for VUL. If you want to do it yourself then go for BTID.

Take note lang na you must have enough protection and proper estate planning which VUL or term insurance will answer soon.

Also, if thru VUL, yes you can withdraw anytime. If it's a 10-year pay then after 10 years, you have the option to do whatever you want. Just make sure than you leave enough fund for your insurance. Kay if you will withdraw all, then you're terminating your coverage.

Be unsa pa inyu pangutana be, free rani tanan mentras di pako busy,hehe, hinambugero ba,hehe, joke ra ha. Bitaw, Im connected with an insurance company but I won't invite meet ups unless kamu na mohagad. I'm glad to assist you here na.

Hoy classmate!!!! Unsa na subject? Block ta? Lisoda pud tag.anon oi. Kuyaw kaayo kag screen name. Anyway, salamat sa informativee nga tubag. Mao bitaw ka decide ko dili nalang ko mukuha atong bulk proposl nila kana nalang vul . Ok ra pud nako kay mura siya ug forced savings maski dako dako. Nindt man pud ang coverage. Within this month puhon or first two weeks of aug, im planning to invest in mf huwat lang kos ako gamayng kwarta nga dawatonon. Bilib pud ko sa mga insurance agents diri nga ni push jud ug btid kay hatagan jud ka best option. Ang uban murag dili ingon ana mindset.