Investment Advice

[AltisAndMZ3FAN]

I would like to look for advice here in tsikot regarding investment.
I’m 28, married. I just don’t know where to really put 3.8m savings (this is a separation package as i was retrenched by my company but fortunately i got new job the day after i got retrenched with 30% increase).
So here’s my situation, my wife and i already owns 2 vehicle (fxt,civicrs) so we dont really need a new one. We also have ongoing truck vehicle loan which has remaining 700k total balance. Currently, we are paying monthly for our home.

I’m the only one who’s working so i really want to know where can i put that extra 3.8M for the next 3-5years.


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[dr. d]

I would like to look for advice here in tsikot regarding investment.
I’m 28, married. I just don’t know where to really put 3.8m savings (this is a separation package as i was retrenched by my company but fortunately i got new job the day after i got retrenched with 30% increase).
So here’s my situation, my wife and i already owns 2 vehicle (fxt,civicrs) so we dont really need a new one. We also have ongoing truck vehicle loan which has remaining 700k total balance. Currently, we are paying monthly for our home.

I’m the only one who’s working so i really want to know where can i put that extra 3.8M for the next 3-5years.


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ask your bank for its portfolio of "safe investments".
kahit maliit interest, medyo sigurado naman.

[papi smith]

I would like to look for advice here in tsikot regarding investment.
I’m 28, married. I just don’t know where to really put 3.8m savings (this is a separation package as i was retrenched by my company but fortunately i got new job the day after i got retrenched with 30% increase).
So here’s my situation, my wife and i already owns 2 vehicle (fxt,civicrs) so we dont really need a new one. We also have ongoing truck vehicle loan which has remaining 700k total balance. Currently, we are paying monthly for our home.

I’m the only one who’s working so i really want to know where can i put that extra 3.8M for the next 3-5years.


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There's an upcoming offer by SMC of preferred shares series J, indicative rate is 5%, or 4.5% net of tax, interest paid on a quarterly basis. Alternatively, you can buy from the market other preferred shares offered by Ayala, Petron, FGEN, etc.

Or if you like a little risk, buy your favorite blue chip brand in the stock market and hold at your desired timeline of 3-5 years. Do not buy speculatives.

[papi smith]

Ooops wait, I just backread your post and your paying for your house pala, I would retire that loan or part of it if kulang ang 3.8 without hesitation.

[jut703]

Lump sum on the house. Sarap ng fully-paid property.

If you're feeling risky, pangdown mo for a new property so dalawa na property babayaran mo - 30% increase ka naman sa income mo diba. Land will only go higher as it gets more scarce every single day.

We are the same age and the same stage (newly married) - my bonuses all go towards lump sum payments to fully pay our condo.

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[uls]

if he bought 3.8 million pesos worth of heng de face shield back in june....

[xninjax]

Use the money to pay off your debts/loans.


Or.

Use the money to scoop up some real estate with low prices (benta palugi) due to the pandemic


Bonds = returns are pathetically low for me
Mutual funds/uitfs = majority of ph fund managers can't even beat the psei index.

[ray_noel]

Yes, fully paid all your debts if possible so you will be living a debt free life... the rest you can try the pag-ibig mp2 program... sure it’s safe and risk free investment...


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[AltisAndMZ3FAN]

Thank you all for your input, appreciate it. Aside from paying off the homeloan and investing on safe instrument, how about paying off the truck instead? Currently we have 3, all of which are in logistics services. With the fully paid amount, i will have additional income to pay other loans. Now just want to have different inputs specially some folks here already experienced what i have now. Again, thank you guys!


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[AltisAndMZ3FAN]

Lump sum on the house. Sarap ng fully-paid property.

If you're feeling risky, pangdown mo for a new property so dalawa na property babayaran mo - 30% increase ka naman sa income mo diba. Land will only go higher as it gets more scarce every single day.

We are the same age and the same stage (newly married) - my bonuses all go towards lump sum payments to fully pay our condo.

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We nearly become officemates too. Haha but gotta choose other options with my corporate career.


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[dr. d]

Currently, we are paying monthly for our home.

i wonder,
is this housing lone the type wherein, should the loner dies, the lone is considered paid in full?

[Walter]

Look at global trends and not just PH market ... buy GOLD ... bonds are not a wise investment for now ...

[papi smith]

Thank you all for your input, appreciate it. Aside from paying off the homeloan and investing on safe instrument, how about paying off the truck instead? Currently we have 3, all of which are in logistics services. With the fully paid amount, i will have additional income to pay other loans. Now just want to have different inputs specially some folks here already experienced what i have now. Again, thank you guys!


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The reason why you prioritize loans is that your money does not earn the same interest rate as your loan. It's like getting a much higher rate for your money now.

[shadow]

i wonder,
is this housing lone the type wherein, should the loner dies, the lone is considered paid in full?

Lahat naman ng loans Banks meron MRI diba? They have to protect themselves sagot naman ng nag loan yun premium ng insurance.


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[dr. d]

Lahat naman ng loans Banks meron MRI diba? They have to protect themselves sagot naman ng nag loan yun premium ng insurance.


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i wouldn't know.
i haven't filed for a loan in ages, kasi.

[EQAddict]

Pay of your housing loan and truck loans. By far the best decision you can make this early in your life.

Not many people have that opportunity this early.

Frees you up for further investments and risk taking down the road.

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[jut703]

Thank you all for your input, appreciate it. Aside from paying off the homeloan and investing on safe instrument, how about paying off the truck instead? Currently we have 3, all of which are in logistics services. With the fully paid amount, i will have additional income to pay other loans. Now just want to have different inputs specially some folks here already experienced what i have now. Again, thank you guys!


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Same lang whether you pay off the truck or the house. Whichever has a higher interest rate.

Point is when you pay off your loans then you're essentially getting returns equivalent to the interest rate that you will no longer pay.

Just check the fine print of your loans if they allow lump sum payments. I had a 3-month long exchange with BPI because they were trying to charge me for my lump sum payment when my contract specifies that I shouldn't. Net, they confirmed no penalties but it was such a hassle.

When you fully pay off your loans you can use your assets as collateral if you need to take out bigger loans in the future.

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[ray_noel]

There's an upcoming offer by SMC of preferred shares series J, indicative rate is 5%, or 4.5% net of tax, interest paid on a quarterly basis. Alternatively, you can buy from the market other preferred shares offered by Ayala, Petron, FGEN, etc.

Or if you like a little risk, buy your favorite blue chip brand in the stock market and hold at your desired timeline of 3-5 years. Do not buy speculatives.

Bruh, yung smc preferred shares yan ba yung sa bpi? Hindi pwede mag apply sa ibang bank?


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[papi smith]

Sa broker ako nakuha bro, COL, FMSEC, BPI trade..

Ambaba Ng rate nito bro, just buy from the market ng existing SMC preferreds if you really want to invest here, baka bumaba ang price after sa Sep 16 ex date

[papi smith]

Smc2j