Time Deposit

[dhongskee]

in the US mutual funds are not covered by FDIC.....wa lang ko kahibaw kon the same applies ba sa pinas, basta in the US mutual funds, annuities, life insurance policies, stocks and bonds are not covered....make sure kon mo subscribe mo ani you know the terms and more importantly kon covered ba sya sa FDIC, actually PDIC ang sa Pinas....

[r3roble]

hello ...if your plan is to have time deposit para dako ang interest thats good...I ask you pila man sad imo i deposit ug unsa man imo time frame. Kay ako nako nahibaloan na higher intereste 8-12% higher than the bank. pwede ra kaayo mo inquire ka..just pm me. if you are serious of you are planning.
Thats avery nice idea na imo hunahuna...congrats for that

8 - 12% interest is much better... but could it give the same security just as banks would provide?

[darkcrux]

di lang balay....duha pa....balay balay ba.......honestly mao jud na ang reality about time deposit. So if you want to make the most out of your money...pag negosyo nalang it does'nt matter ko bbq stand lang imo business, 4 sure you will be making money than keeping your money in the bank

True.. mao jud.. better na mag negosyo ka.. We must know how to make money.. and more importantly, we must also know how to make money work for us. Ang imong gains sa imo business dili dapat ma stagnant... invest it to keep up with the inflation.. ang inflation karon is 11%.. if sa banks lang na nimo patubuon (4%) naa jud kay -7% na tubo every year. (horay).. bitaw seriously, work hard and save properly lang.. grow beyond inflation.

[darkcrux]

8 - 12% interest is much better... but could it give the same security just as banks would provide?

Safer ang banks coz of PDIC and a sure way to eat up your money due to inflation. Money imo e butang sa banks is ila ra na e invest at higher rates.. e.g. Credit Cards (approx. 42% p.a.) Loans (36% p.a.).. Mao na we gotta be smart.. we gotta bypass the banks and do investing sa stocks, equities, and other investment vehicles. There are risks involved pero ma minimize ra na through proper knowledge about sa investment vehicle like mutual funds. And long term, ang risk factor sa equities will drop. For guidance lang, most mutual funds buy shares from Jolibee (basta naay bata naay Jolibee), SM (always daghag tao), and San Miguel (basta naay mag inom, naay kwarta ang san miguel). Diri nila e invest ang imo money so your money mag rely ani na mga companies. So either 3-4% p.a. in the hands of the bank.. or 8-20% p.a. in the hands of these companies.

[ed168III]

safest kay landbank n biggest interest but if u can talk to the managers sa mga private banks, i think u can demand a better interest rate, kaya lng if ul withdraw, dako sad ug pahak, ipalit nalng nag yuta

[fallenFate]

hmmm..wla nlng ko ng-time deposit uy.. I'll invest my money nlng :P I talked to my sunlife agent yesterday.. and nice kaau ang akong plan. mura ra sd ko ng-save sa bank coz I get to withdraw my money anytime (but not advisable jud). Insurance + investment xa.. nice kaau.

[exmadyn]

@fallenFate,

share sad kung unsa imo plan...



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[darkcrux]

In terms anang insurance+investment.. ang the best practice para ana is ang B.T.I.D... buy term invest the difference.. mao ni ang best way. buy kag term insurance and and difference is e invest sa mutual funds.. ang kana gi state ni fallenFate is somewhat similar.. ang pinaka similar sa BTID is ang VUL.. i think VUL na ang iya plan na kuhaon.. ang difference sa VUL ug BTID is decoupled ang BTID.. best value in terms of investment ang BTID.. mao ni gi gamit sa US pero di tanan agents diri sa Pinas ang kahibaw ani nga concept, mostly VUL ang ila nahibaw-an...

[quarter_back]

In terms anang insurance+investment.. ang the best practice para ana is ang B.T.I.D... buy term invest the difference.. mao ni ang best way. buy kag term insurance and and difference is e invest sa mutual funds.. ang kana gi state ni fallenFate is somewhat similar.. ang pinaka similar sa BTID is ang VUL.. i think VUL na ang iya plan na kuhaon.. ang difference sa VUL ug BTID is decoupled ang BTID.. best value in terms of investment ang BTID.. mao ni gi gamit sa US pero di tanan agents diri sa Pinas ang kahibaw ani nga concept, mostly VUL ang ila nahibaw-an...

bro, pwede ka mo explain more about BTID or naa ka mga reference na pwede ma basa about ana, interested ko ana na idea dah...sorry kung OT ko

[darkcrux]

OT:
@quarter_back.. here's a little info about BTID..
Buy term and invest the difference - Wikipedia, the free encyclopedia
concept lang na siya but to actually explain sa technicalities ani is mas maayo if we can talk. This is the the alternative to Permanent Life Insurance and certainly better than VUL (Variable Universal Life) in an investment standpoint.