Where Do You Invest Your Savings?

[jut703]

Curious to know where Tsikoteers put their hard-earned cash into. We could learn a thing or two from the investment choices of others - real estate, jewelry, forex, rare earths, bags, paintings, etc.

Personally, I have a savings account with 6 months worth of expenses. This serves as my emergency fund.

The rest of my savings goes into equal parts stocks and mutual funds.
I also pay a premium annually for my VUL life insurance.

What about you guys?


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[frostmourn]

Im curious too. I wanted to start a business. I dont want to work anymore. I just need some inputs. Hoping for everyone to cooperate. Thank you tsikoteros and tsikoteras!

[1D4LV]

i place mine in variable life insurance and mutual funds.
for mutual funds, i always top it off my 5k every 2 months.

[admiralpye]

i place mine in variable life insurance and mutual funds.
for mutual funds, i always top it off my 5k every 2 months.

Good practice!


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[TopEngine]

I'm just a member in their FB page. Search and Like TGFI [The Global Filipino Investors] page, there you can learn many investment vehicles and about RISKs of each investment.

[jut703]

Im curious too. I wanted to start a business. I dont want to work anymore. I just need some inputs. Hoping for everyone to cooperate. Thank you tsikoteros and tsikoteras!

Pretty hard to go into a self-sustaining business right away. It takes a while before you can set your business on autopilot.

Also, unless you're starting with very large capital, you will have to painstakingly build your business to a level where you can live comfortably and not have to be hands-on every single day.


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[_Qwerty_]

variable life insurance.. i've finished 2 already.. i can get the money anytime when I need to.. both worth 1M if something happens to me.. so it's a savings if I need the money.. and insurance for my family..

i'm paying off another 1 right now for 36K a year.. 7 years to pay..

[_Cathy_]

I don't have investments I have life insurance which I got when I was a fresh graduate, I regret not getting a VUL instead.

My savings would be my USD and EUR. It does not amount to 6 mos of my gross salary though. I don't deposit the EUR because the bank has a fee of .25% for withdrawal of EUR notes. It's ridiculous, why do I have to pay to withdraw my money?

I plan not to spend my retirement pay, I just qualified since I've been with the company for 5 years. Maybe I will use that as downpayment for real estate. I don't plan to stay in the same company for 10 years anyway.

[peejay_07]

matanong ko lang po bakit wala kayo investments? kasi sa pagkakaalam ko close kayo ni ULS. sayang naman kasi meron ka ng kaibigan na financial guru. kumbaga may mentor ka na.

I don't have investments I have life insurance which I got when I was a fresh graduate, I regret not getting a VUL instead.

My savings would be my USD and EUR. It does not amount to 6 mos of my gross salary though. I don't deposit the EUR because the bank has a fee of .25% for withdrawal of EUR notes. It's ridiculous, why do I have to pay to withdraw my money?

I plan not to spend my retirement pay, I just qualified since I've been with the company for 5 years. Maybe I will use that as downpayment for real estate. I don't plan to stay in the same company for 10 years anyway.

[jut703]

I don't have investments I have life insurance which I got when I was a fresh graduate, I regret not getting a VUL instead.

My savings would be my USD and EUR. It does not amount to 6 mos of my gross salary though. I don't deposit the EUR because the bank has a fee of .25% for withdrawal of EUR notes. It's ridiculous, why do I have to pay to withdraw my money?

I plan not to spend my retirement pay, I just qualified since I've been with the company for 5 years. Maybe I will use that as downpayment for real estate. I don't plan to stay in the same company for 10 years anyway.

May retirement pay kayo even if you don't stay with the company? Gandang benefit niyan ah. Ang alam ko kasi you can only claim the retirement pay when you actually retire, and not when you simply switch companies or leave the corporate world.

Also Cath, not having VUL means you have more budget to invest in stocks directly. Term insurance usually has a lower premium vs VUL insurance, so yung difference, yun ang gamitin mo para maginvest directly via COL or through MF/UITF. Usually naman mas malaki gains ng bank UITF kaysa VUL.

Yung sakin though, I got VUL instead of term insurance kasi parang ang liit ng difference sa coverage for the same premium. It's only 33% higher, eh mahahabol yun ng VUL if you allow it to grow after a few years. So in the long term (~20 years), definitely mas malaki na yung VUL coverage compare to the term insurance coverage. Ewan ko kung san nanggagaling yung criticisms ng iba na mas beneficial pa rin yung term insurance.


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[_Qwerty_]

some companies offer long service pay.. so even if you resign but you got the years of service.. you will get something.. some local banks also offer this..

some had:

5 to 10 years = 25% of 1 month salary X years of service
10+ to 15 years = 50% of 1 month salary X years of service
15+ to 20 years = 75% of 1 month salary X years of service
20+ years above = 100% of 1 month salary X years of service

[peejay_07]

sa company naman namin through provident fund and stocks purchase plan

some companies offer long service pay.. so even if you resign but you got the years of service.. you will get something.. some local banks also offer this..

some had:

5 to 10 years = 25% of 1 month salary X years of service
10+ to 15 years = 50% of 1 month salary X years of service
15+ to 20 years = 75% of 1 month salary X years of service
20+ years above = 100% of 1 month salary X years of service

[macsd]

Corporate bonds , ROP & real state.
Yung sobra sa scholarship & foundations.

[JaysonT]

yes. really good when you know what's going on with your money.

[_Cathy_]

matanong ko lang po bakit wala kayo investments? kasi sa pagkakaalam ko close kayo ni ULS. sayang naman kasi meron ka ng kaibigan na financial guru. kumbaga may mentor ka na.

My salary is not enough to cover my expenses so when my family gifts me with cash, that's what I try to save. During my first job were were offered shares in GBP for a very low price. I made a good profit there when I had to sell it when I resigned. I had very low risk there since part of the share prices were paid for by the company. I was given a test on my risk appetite and I scored low. Kaya hindi ako yumayaman e

May retirement pay kayo even if you don't stay with the company? Gandang benefit niyan ah. Ang alam ko kasi you can only claim the retirement pay when you actually retire, and not when you simply switch companies or leave the corporate world.

Also Cath, not having VUL means you have more budget to invest in stocks directly. Term insurance usually has a lower premium vs VUL insurance, so yung difference, yun ang gamitin mo para maginvest directly via COL or through MF/UITF. Usually naman mas malaki gains ng bank UITF kaysa VUL.

Yung sakin though, I got VUL instead of term insurance kasi parang ang liit ng difference sa coverage for the same premium. It's only 33% higher, eh mahahabol yun ng VUL if you allow it to grow after a few years. So in the long term (~20 years), definitely mas malaki na yung VUL coverage compare to the term insurance coverage. Ewan ko kung san nanggagaling yung criticisms ng iba na mas beneficial pa rin yung term insurance.


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Isn't retirement pay standard for companies? You only need to stay for X number of years to qualify. In my current job, it's only a percentage of your salary like what Qwerty posted. In my first job it was automatic 150% of salary X years of service.

Those VUL stuff all sound greek to me. Hindi maganda yung nagbenta sakin ng una, I wasn't given much options and explanation so I only got the simple life insurance. I got Manulife. I should have gotten Sunlife.

some companies offer long service pay.. so even if you resign but you got the years of service.. you will get something.. some local banks also offer this..

some had:

5 to 10 years = 25% of 1 month salary X years of service
10+ to 15 years = 50% of 1 month salary X years of service
15+ to 20 years = 75% of 1 month salary X years of service
20+ years above = 100% of 1 month salary X years of service

We have a similar scheme. It increases for every year of service.

[jut703]

Yung nagbenta sakin hindi rin ganun kagaling. Parang napakauninformed niya about other options (stocks, MF, UITF). Ang kabisado niya lang is yung products nila, and parang memorized pa as opposed to an intrinsic understanding of the product.

Kaso mom siya ng friend ko, so gusto ko rin makatulong and help her have a new client. So ako nalang nagbasa and nagresearch about VUL, whole life, and term insurance.

Then nagpacompute nalang ako ng options, tapos from there ako nakadecide na parang pinakasulit for me VUL since macacapitalize ko yung compounding growth since bata pa naman ako and it would take a while before I need to claim my insurance coverage.


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[slapz]

Stocks via BPITrade and BPI UITFs. Monthly ang add ko dyan. I want to buy some real estate din sana, just looking for options. Dami kasi kapag sa province, pero pangit lahat ng locations. ehehe!

[TopEngine]

I am sustaining monthly additional deposit to my (two) Mutual Funds both in Equities, paying annually to my Healthcare from Kaiser, and monthly additional deposit to PNSLAI. I'm still in the Debt Management phase, I plan to pay the remaining balance of my car loan this August [1.5 year] by God's grace so that I could optimize my investment. My next target is to complete that amount of 6x monthly income for my Emergency Fund.

[admiralpye]

Check out PhilamLife's HealthInvest -- accident, critical illness and acts of God covered plus you can choose the fund you can invest your money in and it grows annually. Ten years to pay lang and after that it will keep on growing for you. The rates of return depend on the fund you choose. I chose the more aggressive strategic fund so minimum return is 4% and conservatively, it can go up to 11% annually.

Pero if mahilig kang magbutingting ng stocks on your own, Citisec online is the way to start. :-)


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[robot.sonic]

Sa atm lang.:-(

Enough na kasi yung sa stocks ko.