Btw, note of the term "ideally". Walang assurance ang equity fund or any MF/UITF. Pwede ka malugi or kumita, malaki or maliit, in a span of days or years. Pero with enough knowledge and luck you can minimize the risk and get profits.
Afaik the BIR also has a 5 year ruling on taxable income from equity funds, mutual funds and bonds. You will be liable for income taxes if you widraw within 5 years. This is suppose to encourage people to invest long term. Pag more than 5 years na then the income becomes tax free.
Read recently that we should be watching when the psei reaches the 8000-8200 mark. The article advices investors to be careful then. Bubble?
Am not really sure kung anong basis nyan. And di din kasi mappredict when iikot ang gulong ng kapalaran. Hehe. Invest with caution na lang and ipon maraming bala pag nagkataon.