Is it wise to invest my cash on hand to recoup interest paid on car loan?

[victorevolution]

diyan kumita yung classmate ko na dating tambay lang... sa lending.

kaso- yung lending niya eh hindi legal- in a legal term and sense- kasi ang mga lending business ay hawak dapat ng bsp bago ka magkaroon ng sec
ganyan din style niya- kinukuha yung mga atm- one time nga nilecturan ko regarding tax law and bsp circulars aba nagalit, after a week ayun balik sakin nasilip ng bir kasi di nagbabayad ng income pero nakabili ng Maserati - engot ba naman sabi ko lahat ng bumibili ng auto na babantayan ng bir kasi yung pinagbilhan magdedeklare ng income sa nabenta.

tax evasion is a serious matter- ikaw parati talo dito

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diyan kumita yung classmate ko na dating tambay lang... sa lending.

kaso- yung lending niya eh hindi legal- in a legal term and sense- kasi ang mga lending business ay hawak dapat ng bsp bago ka magkaroon ng sec
ganyan din style niya- kinukuha yung mga atm- one time nga nilecturan ko regarding tax law and bsp circulars aba nagalit, after a week ayun balik sakin nasilip ng bir kasi di nagbabayad ng income pero nakabili ng Maserati - engot ba naman sabi ko lahat ng bumibili ng auto na babantayan ng bir kasi yung pinagbilhan magdedeklare ng income sa nabenta.

tax evasion is a serious matter- ikaw parati talo dito

[dos2]

Another option sir would be to let time pass. If the supply to the car you would want to purchase normalize, there may be no need to get it via loan. Who knows, the dealer might even give you cash discounts.

While waiting you can place your money in short term time deposits or bonds to minimize risk. If you are not yet accustomed to these types of investments, just approach any large banks and they would be more than glad to help you.

[kimbon]

how about investing in something that can earn the monthly car payments

like buy a condo and rent it out so the rental income goes to paying the monthly car payments

well, it depends the condo cost vs rental income.
personally i would not invest in condo with a ROI of more than 8 yrs instead I'd rather invest if someone would even offer me a half a million price of pre selling parking slot located in business district, a commercial/residential high rise bldg. I'm here though for a wanted buyer. Anyone's offering? Hehe

[Gecko Guy]

You can try to put your 1M sa VUL... I'm using Sunlife of Canada, in 4 months kumita ng 100K+ yung 1M ko

[dr. d]

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You can try to put your 1M sa VUL... I'm using Sunlife of Canada, in 4 months kumita ng 100K+ yung 1M ko

well, those are the highs.
tell us about the lows, sir.

[Gecko Guy]

*dr. d: The lowest that we got was 6K+....sabi kasi ng agent ko, pataas pa sya...baka daw umabot 33% (hoping)
Anyway, we started last Nov. 2014 --- up and down sya pero average is pataas pa din so when we reached 100K, withdraw na agad and top up doon sa isa ko VUL para safe na sya as kita. Preserve pa din capital as of now.

[ano727]

*dr. d: The lowest that we got was 6K+....sabi kasi ng agent ko, pataas pa sya...baka daw umabot 33% (hoping)
Anyway, we started last Nov. 2014 --- up and down sya pero average is pataas pa din so when we reached 100K, withdraw na agad and top up doon sa isa ko VUL para safe na sya as kita. Preserve pa din capital as of now.

Can you tell us more about this VUL? Thanks.

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*dr. d: The lowest that we got was 6K+....sabi kasi ng agent ko, pataas pa sya...baka daw umabot 33% (hoping)
Anyway, we started last Nov. 2014 --- up and down sya pero average is pataas pa din so when we reached 100K, withdraw na agad and top up doon sa isa ko VUL para safe na sya as kita. Preserve pa din capital as of now.

Can you tell us more about this VUL? Thanks.

[Gecko Guy]

*ano: Baka ma OT na tayo sir... If you're really interested then I can direct you to my agent. Check the website of Sunlife. Sun Maxilink One yung amin.
Sun Life Financial Philippines: Variable Life Insurance plans

[ikaw_ngaba]

*ano: Baka ma OT na tayo sir... If you're really interested then I can direct you to my agent. Check the website of Sunlife. Sun Maxilink One yung amin.
Sun Life Financial Philippines: Variable Life Insurance plans

Di ba ikaw yung agent sir? [emoji3] pero ok yan ah sarapa mag invest kung may pang invest

[Gecko Guy]

*ikaw_ngaba: Nope I'm not I'm just contributing to the thread by giving some options to the TS. You can always start little naman if you want to invest, it's never too late and although may edge yung mas malaki ang extra money...in the end it's your mindset that's important, Do you really want to or not?

[Gecko Guy]

*ikaw_ngaba: Nope I'm not I'm just contributing to the thread by giving some options to the TS. You can always start little naman if you want to invest, it's never too late and although may edge yung mas malaki ang extra money...in the end it's your mindset that's important, Do you really want to or not?

Bottomline: If you want to grow your money...then take it out of the banks

Here's the latest Fact sheet from Sunlife by the way:
http://cdn.sunlife.com/static/philip...ary%202015.pdf

[jut703]

If you're after capital gains alone, VULs lose out to UITFs. The only advantage is the insurance coverage.

Info on performance of different funds are available on the internet. Sun Life VUL grew 17.7% in 2014, while BDO grew 20.83% IIRC.

Also, VULs have higher admin fees and you usually can't withdraw them right away, so they're really bad for the short term (<5 years).

Best way to gain is still through directly investing in stocks, especially in the current bull market.

[Gecko Guy]

If you're after capital gains alone, VULs lose out to UITFs. The only advantage is the insurance coverage. --- Please give example...

Info on performance of different funds are available on the internet. Sun Life VUL grew 17.7% in 2014, while BDO grew 20.83% IIRC. ---- How much are being passed on to the depositors??? That's the question.... how much interest are banks giving right now for so called Time deposits? My 100K before yielded 3-5K/annually whereas my 100K vul already got me 10K/4 months!

Also, VULs have higher admin fees and you usually can't withdraw them right away, so they're really bad for the short term (<5 years). ---- Not true at all, I just withdrew 100K interest last week...If you're going to withdrew the whole amount/policy then you'll be charge for sure but that's normal.

Best way to gain is still through directly investing in stocks, especially in the current bull market.

---- This I agree too but since i don't much about investing in stocks directly that's the reason why I'm letting somebody do it for me. I'm not good with it.

[jut703]

UITF trust fees are just 1.5%.

[Gecko Guy]

*jut: OT na tayo sir pero, kung ganoon kaganda ang UITFs na sinasabi mo, then can you tell us how much na kinita mo sa mga UITFs mo now? (I assume that you have UITFs already) Ako kasi I'm citing my personal experience..... I'm just telling na base sa experience at research ko, mas malaki kinikita ng investment ko ngayon sa VULs ng Sunlife kesa sa mga VULs/UITFs, etc offer ng mga banks.
I'm not against banks or trying to sell anybody VULs ng Sunlife but I'm just giving options kay TS based on my personal, actual experience and nothing else.
Para di OT ---- It's wise to invest your cash on hand TS to recoup/offset the interest that you incur in your car loan. Where to put it? Sinagot na nila and my input....not in banks but in VULs ng Sunlife of Canada. Why? Because mas malaki kinita ko sa VUL ng Canada vs. Bank in 4 months! Is this 100% good? Definitely NO, I'm just stating the trend from Nov 2014 to March 2015.
Cheers!

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*jut: OT na tayo sir pero, kung ganoon kaganda ang UITFs na sinasabi mo, then can you tell us how much na kinita mo sa mga UITFs mo now? (I assume that you have UITFs already) Ako kasi I'm citing my personal experience..... I'm just telling na base sa experience at research ko, mas malaki kinikita ng investment ko ngayon sa VULs ng Sunlife kesa sa mga VULs/UITFs, etc offer ng mga banks.
I'm not against banks or trying to sell anybody VULs ng Sunlife but I'm just giving options kay TS based on my personal, actual experience and nothing else.
Para di OT ---- It's wise to invest your cash on hand TS to recoup/offset the interest that you incur in your car loan. Where to put it? Sinagot na nila and my input....not in banks but in VULs ng Sunlife of Canada. Why? Because mas malaki kinita ko sa VUL ng Canada vs. Bank in 4 months! Is this 100% good? Definitely NO, I'm just stating the trend from Nov 2014 to March 2015.
Cheers!

[jut703]

I don't think you quite understand the volatility of the market. It just so happened that when you placed in your money, the market was down and picked up over the course of 4 months. It could have very well been the opposite, wherein a market correction could've occurred over the same 4 months, and you could've lost an equally large amount.

But if you wanna compare, my index fund (just follows PSEi) has gained 10% in less than 3 months since the PSEi has gone from 7,000 to 7,800 since December.

I've had better gains with stocks, some growing 30% in the span of a few months. Or if you wanna cite the curious case of Double Dragon, which doubled it's IPO value in just a few days.

[Gecko Guy]

*jut: Oo nga sir, di ba sinabi ko na wala ako alam dyan At na-swertihan ko lang din yung paglagay ko ng money sa VUL ko....Binigay ko lang naman yung share ko sa thread, di ko naman sinabi uy bili na kayo ng VUL ng Sunlife ah.
Anyway, if you're that good in your craft, maybe you can share it para naman malaman namin paano yang stock market, para happy din si TS dba?
Pasensya na wala akong alam sa PSEi at Double Dragon na sinasabi mo eh...

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*jut: Oo nga sir, di ba sinabi ko na wala ako alam dyan At na-swertihan ko lang din yung paglagay ko ng money sa VUL ko....Binigay ko lang naman yung share ko sa thread, di ko naman sinabi uy bili na kayo ng VUL ng Sunlife ah.
Anyway, if you're that good in your craft, maybe you can share it para naman malaman namin paano yang stock market, para happy din si TS dba?
Pasensya na wala akong alam sa PSEi at Double Dragon na sinasabi mo eh...

[Silvio_12]

Hi po. Newbie lang po here...