On her twenty-first birthday I want my daughter to start investing in stock market and save for her future. I asked her to personally open an account at BDO Manila (near the place where she stays) because as her father I was told that I can't open one for her because the age limit is 19 .
Why did I choose BDO Easy Investment Program on UITF Equity Fund? It's because the ROI year-to-date interest for this mutual fund is up to 16.04% as of 8th Aug 2014 which is much higher than the 1.5% interest rate you get for money market or time deposit. This is also one of the best mutual funds for the past two years according to research. This UITF invests in blue chip Philippine stocks such as PLDT, BDO, Ayala Land, DMCI, SM, ICT, AGI, PX and SMC. For a small Trust Fee of 1.25% per annum professional BDO fund managers invest for you and free you from the time consuming market analysis. The disadvantage of this is limiting your gains from personal investing in the stock market.
For those of you who have more time ,thirst for risk appetite and want higher gain which depends on your personal skills , you may open an account at www.citiseconline.com (pls see my other blogs about this)
What are the requirements for opening BDO Easy Investment Fund on UITF Equity Fund for students(age 20 and above)?
- Two valid ID's such as school id , passport or driver's license
- Two pcs 1x2 photo
- School Registration Form and Original receipt of Driver's License (If you're not a student, just present any valid IDs)
Hints when filling up the BDO UITF Application Form:
- Open BDO Peso Equity Fund
- Choose long term investment with risk appetite(at least 5 years ,the average period when stock market reach maximum gain)
- Select period of deduction such as monthly
- Choose minimum deduction such as P1,000 / month (this is the minimum allowed)
When automatic deductions reach P10,000 (in this example ten months) you may go to your branch of account to get your UITF receipt . For those of you who have P10,000 or more investable funds ready, you may widraw this fund and apply for UITF directly at any designated BDO counter. You may claim the UITF certificate after another three (3) more banking days . Keep this UITF certicate in a safe place for fund widrawal later at end of term.
You may also register for online access at www.bdo.com.ph , choose personal banking to do almost all bank transactions online such as view your UITF gains , your fund balance , credit card statements, transfer funds and more.
You also need to register your mobile phone number with them so that they can send the random pin or OTP which you need to use within 5 minutes for online transactions or you may also use personal questions when mobile phone is not available. This made the system secure aside from the username/ password combination.
Anybody can invest in stock market and gain highest interest for their money, it only needs discipline to save .. http://bit.ly/EasyInvestingwithBDO
ReplyDeleteAlthough it is one of the easiest ways to invest in Philippines Stock Market, I found out that the results is not enough to provide a decent income from it. It's much better if you learn the in and out of Stock trading through Investagrams Free Tutorials and do your own due diligence. By doing so I have now earned 300 x more than what I can get from a bank time deposit.
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