Results 1 to 2 of 2
-
13th March 2013 #1
Investment accounts in mainstream R.P banks
Popped into a new BDO bank building last week to check out their interest rates for a savings account..
Pretty dismal as it is all around the world!!
Asked about other investment products and they come up with investment accounts based on equities and the local stock market.. Now this got me interested as almost everyone knows how well the PSE and a few other Asian stock markets have done over the last 2/3 years.
I asked how these had performed over the last 3 years and so she checked for me..
Average annual return for the last 3 years was 35%..
Obviously,thats double your money in 3 years.
I forgot to ask about tax deductions..Sorry!
They don't advertise this stuff in the bank window and you need to talk to the right person to get the info..
Disclaimer..
No investment advice intended .. please do your own research etc etc .
-
13th March 2013 #2
Would have been a high risk investment fund to yield 35%?
We invest a small amount every month with the BDO peso balanced fund. There is a 20% with holding tax on the final earnings. Seems to being going up every month but you never know!
Have similar funds with Metrobank and BPI and the yields from BDO or slightly higher.
Always like to spread our money around as you never know what is going to happen.
Now should i continue paying my class 3 NI contributions
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Similar Threads
-
buying for the investment
By stevewool in forum Loose Talk, Chat and Off TopicReplies: 6Last Post: 29th April 2013, 15:02 -
Philippine chefs look to take national cuisine mainstream
By lastlid in forum Culture, Food & RecipesReplies: 2Last Post: 13th September 2012, 11:18 -
Property investment CDO?
By Fitzy in forum Loose Talk, Chat and Off TopicReplies: 18Last Post: 17th June 2009, 13:10 -
Real Estate investment in the Philippines
By irishdave in forum Help & AdviceReplies: 3Last Post: 13th March 2008, 20:36