Sun Life vs. Philam Life Mutual Funds

[dagget]

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no risk no gained..... a very old chinese proverb

So if you want your money safe..... the best is to put it under your bed(like my lola did)

right now money market or time deposit gives you 4-5% a year..... and it involves risk already.... what if the bank closes down.... your money in the bank is insured for 250,000 only..... so if you deposited 1,000,000 then you will just get 250,000 when the bank closes.... that is risk already...

if you want a higher rate.... Lending investor..... they give out loans at 1-2% a month. this is equivalent to 12% a year.... again this is more risk.... what if the person who loaned the money can not pay..... you end up with nothing....

so the higher the risk the more the gain....

[boxingfan529]

cool cat!

so where would you suggest is better, bank (citibank) or sunlife (or philam etc.)?

[doce_pares]

u r damn ryt about risks bro bt 1 fact s der r more of these kind of companies closing dan banks so we better study der stability 1st than being sorry later coz i bet dey dnt hav insurance lyk d banks do

[greywolves]

So kaning 20% na interest di ni sya fix. Nagdepende diay sa sun life ang interest. Pwede mutaas pwede sad muubos? If they invested your money nya daku ilang nakuha na interest daku sad imo interest sa imo kwarta but if gamay ra interest ila nakuha gamay sad interest sa imu kwarta right??

[sean1818]

What about sa ilang insurance or pension plan plus mutual fund? I've heard nga imong insurance payment pueded invest sa mutual fund at the same time, kinsay naay idea?

[Hot Ice]

sa philam pla pa ka years?

NOt really true nga years. WE're talking about Mutual fund and not insurance.. sa philam lang daghan investment options nga mu fit sa imu lifestyle.

And philamlife is actually a group of companies. kung mutual fund lang ang storyahan, naa pay you can get your money any time you want.. naa pud ni bond (guaranteed by the gov ang interest), stock, and strategic fund wherein ang company na magbahala kung asa ka maka kuhag dako nga kwarta. kung dako sa stock, ila itransfer imu money sa stock then less sa bond.. kung kuyaw sa stock, ila trasnfer most of your money sa bond.. sila mag balance bah.

[fd]

ok... seems it's not clear to all...

i'll give you a hint about sunlife, which i have invested...

i think this is balanced fund.
2004: > 33%
2005: > 21%
2006: > 35% (YTD)


Value of shares for Balanced Fund
Jan 05 2004 = php 1.1311
Jan 03 2005 = php 1.5045
Jan 08 2006 = php 1.6917
Nov 09 2006 = php 1.8436

Now, let me compute from Jan 05, 2004 to Nov 09, 2006:
1.8436 - 1.1311 = 0.7125

What is 0.7125 (in %) with respect to 1.1311 (the value last Jan 05)
0.7125 / 1.1311 x 100 = 62.99%

That is 62.99% increase for just <2 years!

Example:
What if you bought 100,000 shares at 1.1311?
Capital: php 113,110 + 2% (charges) = php 135,732.00

Now, you want to redeem it on Nov 8, 2006 at 1.8436.
So: 1.8436 x 100,000 (the # of shares bought) = php 184,360.00

So again..
Jan 2005 = capital spent is php 135,732.00
Nov 2006 = redeem all for php 184,360.00

Difference: php 48,628.00 in <2 years

Yes, everything is unstable, but the way I see it, it is always increasing in value.
Go figure about the numbers I've written.
You decide for yourself.

[dagget]

fd is right on the mark....

so again it depends where sun life placed your money

it could go up or down.

that is risk.....

so if you want NO RISK... put it under your bed....

[fd]

BTW, the 2% charge is already the charge you will get
(including TAX-- though the last time i remenber this is not taxable!)

they wont charge you anything if you already paid the charges at the beginning if you want to redeem

[FK]

naa ba minimum amt required ang SunLife?