Frugal Living: What Habits Help You Save Money?

**jut703** · January 11th, 2018 03:50 PM

Originally Posted by dr. d

i'm not sure...
if someone gains, someone else loses...

What do you mean?

Stocks are growing in line with the forecasted growth of the Philippines. In comparison, money in the banks sleeps and loses out on inflation.

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**shadow** · January 11th, 2018 04:00 PM

Originally Posted by jut703

What do you mean?

Stocks are growing in line with the forecasted growth of the Philippines. In comparison, money in the banks sleeps and loses out on inflation.

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I never invested in stocks because I have the impression that one can only earn if money invested in blue chips stocks but prices for such stocks are expensive so parang wala rin kung hindd talaga malaki invest mo.

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**jut703** · January 11th, 2018 04:03 PM

Originally Posted by shadow

I never invested in stocks because I have the impression that one can only earn if money invested in blue chips stocks but prices for such stocks are expensive so parang wala rin kung hindd talaga malaki invest mo.

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I started with a 25k investment across various stocks. Kahit maliit lang stocks mo, percentage growth naman yung tinitingnan.

You can also invest in UITFs - I have investments in Index Funds. It's expensive to buy the minimum board lot for all funds in the PSEi, but with index funds, your portfolio is spread in the exact same ratio as the PSEi. So you can reap the benefits of a broad portfolio for as low as 10k minimum investment.

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**shadow** · January 11th, 2018 04:08 PM

Originally Posted by jut703

I started with a 25k investment across various stocks. Kahit maliit lang stocks mo, percentage growth naman yung tinitingnan.

You can also invest in UITFs - I have investments in Index Funds. It's expensive to buy the minimum board lot for all funds in the PSEi, but with index funds, your portfolio is spread in the exact same ratio as the PSEi. So you can reap the benefits of a broad portfolio for as low as 10k minimum investment.

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Yan uitf our bank's wealth management has been bugging us to try to invest or maybe the other form of investment Pero parang communal na pera para malaki Then they'll invest it. Ano ba tawag doon sa ganun?

I dont know maybe I'm just old school Pero hinde talaga ako attracted sa "paper" investment.

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**Wh1stl3r** · January 11th, 2018 04:13 PM

Originally Posted by shadow

Yan uitf our bank's wealth management has been bugging us to try to invest or maybe the other form of investment Pero parang communal na pera para malaki Then they'll invest it. Ano ba tawag doon sa ganun?

I dont know maybe I'm just old school Pero hinde talaga ako attracted sa "paper" investment.

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Nakakuha na ako ng UITF dati, short to mid term lang sya IIRC, offered by BPI and MBTC. Much better yung returns kesa anong bank account pero since hindi sya deposit, hindi sya PDIC insured.

Minsan nalulugi din so instead of earning bumababa pa value. Pero on average kumita naman higher than TD interest rates.

**chico020** · January 11th, 2018 04:17 PM

Well, I just loved your thoughts. First thing first, I have my own credit card which I got it here Best BDO Credit Card 217: Fast Application | eCompareMo and I pay it regularly. Since you are raising the DIY, frugal living may increase and save more. This type of tips can live much longer to anybody without any struggling to anyting. However, I used to buy clothes every 2 times a month and I really really love travelling to a different places as well.

**jut703** · January 11th, 2018 04:21 PM

Originally Posted by shadow

Yan uitf our bank's wealth management has been bugging us to try to invest or maybe the other form of investment Pero parang communal na pera para malaki Then they'll invest it. Ano ba tawag doon sa ganun?

I dont know maybe I'm just old school Pero hinde talaga ako attracted sa "paper" investment.

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What you described falls generally under "mutual funds". UITF means Unit Investment Trust Fund which is basically a mutual fund offered by a bank.

Tama yung concept - your money is pooled along with everyone else's money and is managed by a professional fund manager who then buys various stocks with it and tries to beat the market.

What I invest in though are index funds. It just follows whatever the index is. It doesn't try to beat the market, and historically, actively managed funds don't beat the market consistently 80% of the time.

Historically, the PSEi grows about 10-12% annually over the long term. We're SEA's fastest growing economy and one way to ride the wave is to invest in the stock market.

The only time it becomes dreary is during financial meltdowns like in 2008. But in cases like that, then just don't pull out. Your paper losses only become real when you pull out. So only pull out when you're positive. That means you have to have the luxury of time - the money you invest should be money you won't need immediately so that you won't be pressured to pull out.

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**therightone** · January 11th, 2018 04:33 PM

Originally Posted by jut703

The only time it becomes dreary is during financial meltdowns like in 2008. But in cases like that, then just don't pull out. Your paper losses only become real when you pull out. So only pull out when you're positive. That means you have to have the luxury of time - the money you invest should be money you won't need immediately so that you won't be pressured to pull out.

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In that case buy more into the fund... grabe returns ng mga funds between 2008-2016