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Sep 15, 2018

How to Open a Mutual Fund Account with PhilEquity?



FOR INITIAL INVESTMENTS

Step 1:
Download and review a copy of their prospectus

Step 2:
Accomplish and submit the following account opening documents based on your account type:

For Individual/Joint

Two (2) Signature Cards
One (1) Valid ID with signature of each investor

Additional requirements for In-Trust-For (ITF):
Birth Certificate of beneficiary
One (1) valid ID of beneficiary



Step 3:
The Minimum Initial Investment for Philequity Fund Inc. is Php 5,000.00 pesos.

Invest through the following mode of investment:
3.1 Check — indicate name of the fund (i.e. "Philequity Fund, Inc.") in the "Payable to" portion

3.2 Deposit directly to any of our accredited bank accounts:

Important: For investments in US dollar or to Philequity Dollar Income Fund we recommend transacting your deposit with Unionbank since their US Dollar cash deposit is not subject to clearing.


Step 4:

After you filled up the downloaded form, scan it and send it back to Phil Equity via email for review. Also incude a copy of your deposit receipt/check/Proof of Remittance.
Send Email To: invest@philequity.net


Step 5:
You will received a feedback from PhilEquity that your document and requirements is validated. You now need to send the original documents via Registered Mail.

Send it on this Address:
Philequity Management, Inc.
2005 East Tower, Philippine Stock Exchange Centre
Exchange Road, Ortigas Center, Pasig City, Philippines


That's it!

Few days after they received your documents, they will notify you via email  with a Confirmation Notice for your Initial Investment. 


CONGRATULATION! 

You just took the first step in preparing for a better future.


Mag-Invest Ka Pinoy is an IT Professional working in Singapore. He is an advocate of Financial Literacy in the Philippines. He founded Mag-Invest Ka Pinoy in year 2012 and started the website www.maginvestkapinoy.com. The mission of the website is to encourage every Filipino to learn how to SaveInvest their money and plan their Retirement.

Sep 12, 2018

PERA – the first step to a wealthier retirement


Filipinos are a hardworking society, always ready to log long hours of work for the benefit of their families. Seeing the parents, siblings and children enjoy the fruits of their labor is a source of happiness and pride. Typically, one would save up for a home, a car, children’s education and the ever present celebration of milestones in life. However, because of this selflessness, some often forget to take care of themselves especially when it comes to retirement.

Oftentimes, you will hear some say “Retirement is still years away, I will just start saving for it in 10 years” or “I keep a bit in savings for my retirement, and my kids will take care of me when I retire.” Some solely depend on the retirement benefits from government pension agencies or the corporate retirement pay mandated by law.   Some, including millennials, do invest for their retirement albeit irregularly.

When it comes to retirement, people are usually short in discipline and planning mainly because only a few think about retirement at an early age then face the reality of retirement without a retirement plan.


This is where the Personal Equity and Retirement Account or PERA comes in. PERA is a voluntary retirement savings plan that encourages individuals to save and plan for their retirement while enjoying tax incentives both from the amount contributed and the income from investments. Any Filipino, of legal age, earning income locally or from abroad, and with a Philippine Tax Identification Number (TIN) is eligible to open a PERA.  An individual may invest up to P100,000, and for those living and working overseas, up to P200,000 per year.

As PERA Contributors, one will receive the following benefits through PERA:

  1. Income earned is tax exempt;
  2. Annual contributions are eligible to a 5% tax credit, subject to issuance of BIR regulation;
  3. Upon reaching 55 years of old and have made at least 5 years of contributions, PERA withdrawals are not subject to income tax; and
  4. In the event of the untimely demise of the Contributor, the PERA funds are not subject to estate taxes.

PERA, being a voluntary retirement plan, allows anyone to make all the investment decisions, giving them control over their retirement goals.



BDO Unibank, being the first accredited PERA Administrator in the country, helps Filipinos reach a wealthier retirement through PERA. The Bank now offers PERA through its BDO Invest Online, so individuals can invest conveniently for a comfortable retirement. To know more, visitwww.bdo.com.ph/PERA.






Contributor: 
BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and wealth advisory, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, credit card services, and insurance, and stock brokerage services.

BDO has one of the largest distribution networks, with more than 1,200 operating branches and over 4,000 ATMs nationwide. It also has a full-service branch in Hong Kong as well as 24 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2018. For more information, please visit www.bdo.com.ph.

Sep 7, 2018

Five OFW Jobs in Japan You Didn't Know About


FILIPINOS value their families above all else. They will do whatever it takes to make sure their loved ones are well cared for, even if it means traveling to different countries and taking on challenging jobs to earn a living. Japan has long been a popular choice for OFWs because of the high pay and quality of life. As of 2017, Filipinos are the third largest group of foreign workers in Japan. 

With Japan’s aging population, the country is looking to hire even more foreign workers. But aside from hiring caregivers, domestic helpers, and other common jobs you might see online, here are a few unique jobs that might catch your interest.

1. Tokoshu Seiso: The Lonely Death Cleaner 

Many OFWs work as housekeepers and domestic helpers, but there is another kind of cleaner needed in Japan. With an aging population, Japan has an increasing number of kodokushi or “lonely deaths.” Thus, there is also a high demand for tokoshu seiso—people who are hired to clean up the deceased person’s belongings. It is not a simple task, knowing that the owner of the house has passed on, so the cleaner usually says a prayer for the deceased person before entering the place. 



Watch this video to see a Pinoy tokoshu seiso in action. 



2. Ninjutsu: Part-time Ninja Trainers 

Filipinos are known for their talents in singing and dancing, which is why a lot of entertainers get hired to work on theme parks and cruise ships. In Japan, some establishments are also looking for “ninja trainers” to help promote tourism and teach kids all about ninja etiquette. So if you’ve always dreamed of being a ninja and have a few stunts up your sleeve, then this job is for you.


3. Sakura: The Decoys 

Also known as a “hospitality supporter,” the decoys are hired as fake guests in weddings, meetings, or other events. One company also offers fake lovers and funeral guests. Since Pinoys are naturally friendly and sociable, this is a good option to consider.



4. Narabiya: The Professional Queuer 

Imagine you’re standing in line, waiting for your turn to get your driver’s license renewed, when you suddenly remember that you left the stove on at home. What do you do? Call someone to stand in line for you! In Japan, it’s totally possible. And if you’re willing to do this for a few hours, you could earn as much as JPY 15,000 (PHP 7,000).


5. Kensetsu Sagyo-in: Construction worker for the 2020 Olympics 

Preparations for the upcoming Olympic games in Tokyo are in full swing! Huge stadiums and other structures are being built and Japan needs to hire more people to get them done on time. Whether you're a carpenter, engineer, or architect, you'll most likely find an opening to suit your skill set. Not only will you be able to work in Japan, you'll also be able to say that you're a part of this historical event.


If you're an OFW, you work hard to earn money, grow your savings, and prepare for your family’s future. No matter what the job entails, you're willing to make sacrifices and do the work to be able to send money for your loved ones.
While they find ways to earn for their families back home, BDO finds ways to safeguard their keep and provide innovative options to send this money to their loved ones.   With 5000+ Cash Agad partners, 4000+ BDO ATMs, and 1000+ branches nationwide; BDO makes it easy and convenient for beneficiaries to withdraw the remittances.  For more information, you may visit this link (https://www.bdo.com.ph/kabayan-remittance-services). 

Contributor: 
BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and wealth advisory, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, credit card services, and insurance, and stock brokerage services.

BDO has one of the largest distribution networks, with more than 1,200 operating branches and over 4,000 ATMs nationwide. It also has a full-service branch in Hong Kong as well as 24 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2018. For more information, please visit www.bdo.com.ph.

Aug 8, 2018

EKSTRA: How OFWs earn extra cash to send home



Overseas Filipino Workers (OFWs) are well known multi-taskers, performing several duties at the same time. This delicate balancing act requires not just skills but a deep sense of commitment and focus to make life better for their loved ones.

This perhaps is best illustrated in “Europe”, a short film by BDO Kabayan, about a female impersonator who works in Europe. Inspired by true events, “Europe” shows the great lengths a father will go to in order to provide for his family.

Jacks and Jills of all trades
The story is a familiar one, resonating among the millions of OFWs around the world, wherein many of our kakabayans resort to accepting odd jobs to earn for their families back home.

Dolores Perez, a registered nurse, discovered a hidden talent that became her source of extra income when she was working in Dubai.

“One time my friend asked if I could give her a massage. After I gave her one, she said I was really good,” recalls Dolores. “So after that, I decided to do massages for a fee on my days off.”

“I chose giving a massage as my sideline because it only lasts for an hour, no more, no less,” Dolores continues. “If a client wants to extend the session, then she must pay extra.”

Having a few practical skills can be quite useful, according to Teddy Santos, Jr., a husband and father of two. Having lived in Italy for the past 18 years, he has gone through many ups and downs when it comes to work. Today, he prefers having several part time jobs over regular work as this set-up pays him more and gives him more flexibility in terms of work hours.

According to Teddy, his regular day consists of working in a pharmacy from 7 to 11 in the morning, doing odd jobs like housekeeping, babysitting, or driving for various clients from 11:30am to 2:30pm, and doing clerical work in a law firm from 3:30pm to 7pm.

“It’s tiring and sometimes the travel time between jobs is challenging,” Teddy admits. "But the work that I do every day pays good money and is enough to support my family.”


Everything for the OFW Family

Indeed, their family’s welfare is the main motivation of OFWs wherever they may be in the world. Making sure that their loved ones back home are well provided for is top priority, no matter how difficult.

“I guess every padre de pamilya would say family comes first above anything else,” Teddy says. “All that they need should be provided by the parents, might it be in the manner of financial or moral support.”

Dondon Mangilog, Jr., a telecom technician in Saudi Arabia, agrees. For the past 15 years, he has been installing TV satellite dishes for private clients after office hours and during weekends. But despite its financial rewards, Dondon admits working extra has its disadvantages.

“Tinitiis ko ang init o lamig sa pag-aakyat sa bubong at hirap sa pag-install at pagbabarena sa dingding (I endure the heat or the cold when I go up on rooftops and the difficulty of drilling walls),” Dondon admits. “Ginagawa ko ito para maitaguyod nang maayos ang pamilya at makapag-ipon para sa magandang kinabukasan. (I do this so I can give the best support for my family and save money for our future.)”

Building the ideal future today

For Dolores, it’s important to teach her children how to prioritize their needs as early as now.

“Tuition fees, books, baon…these are the most important,” says Dolores. “If there’s extra money left, that’s the only time we buy other stuff or go malling.”

Too many sad stories have been told about OFWs not being able to save or losing their money because of uninformed financial decisions.

“You don’t have to be good in Math to manage your income,” Teddy says. “It’s just simple: don’t spend too much above your paygrade.”

For OFWs, it’s also crucial to have a trusted bank that will assist them in making sure their earnings make it to their families back home. BDO Kabayan understands this and commits to providing OFWs with products and services that adapt to their ever-changing needs.

“Having a bank that looks out for me is really helpful,” says Dondon who regularly sends money to the Philippines. “It makes me feel more secure knowing that my family gets the money I worked so hard for.”

The story of “Europe” is a familiar one, resonating among the millions of OFWs around the world. Just like in the story of “Europe”, many of our kababayans resort to accepting odd jobs to earn extra cash for their families back home.


While they find ways to earn for their families back home, BDO finds ways to safeguard their keep and provide innovative options to send this money to their loved ones. The service called Cash Agad for instance was introduced by BDO as a channel for the beneficiaries to withdraw the remittances without the need to go to a bank. Neighborhood establishments like sari-sari stores, water refilling stations, hardware stores, and pawnshops can be their “go-to-bank” as long as these establishments have the Cash Agad terminals. Cash Agad is currently offered in more than 5,000 partners nationwide. For more information, you may visit this link: www.bdo.com.ph/kabayan-remittance-services.

Contributor: 
BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and wealth advisory, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, credit card services, and insurance, and stock brokerage services.

BDO has one of the largest distribution networks, with more than 1,200 operating branches and over 4,000 ATMs nationwide. It also has a full-service branch in Hong Kong as well as 24 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2018. For more information, please visit www.bdo.com.ph.

Oct 23, 2017

Five Real Estate Business Ideas You Can Try

At this point you might already be aware that real estate is a blooming industry in the Philippines. Developments are being built left and right and there are always a demand for property. It's an industry that continues to develop and become one of the most in demand in the country.
But many people are not aware that investing on a property is not the only business that you can do with real estate. There are other businesses in real estate that will surely give you substantial profit. Below is a list of some of the businesses that you can do with real estate.

Rental business
The easiest way to earn money in real estate is through renting. There's a steady demand for rental properties since tourists and professionals who rent out places in Metro Manila are always constant. There's a steady cash flow and it's not that hard to keep up with the maintenance of your rental unit.

Property management
Property management is created for property owners who want to lease their properties but simply don't have the time to manage their rentals. Property managers handle the maintenance, the rent collection, and overall management of the property. You can start out by handling one property then proceed to handling more clients.


Real estate photography
Got some skills on the camera? Put your expertise to the test by taking photos of beautiful homes around the country. Real estate developers and agents know that having a great property photo can make a difference to their online marketing campaigns. They will use the photos to entice clients who scroll down social media or use online property portals. That's why they often hire photographers to take photos of their properties. Create a portfolio of your previous work and show it to interested patrons.

Become a real estate agent
Real estate agents are still very much in demand. People still seek for the expertise of real estate agents. Become a legitimate real estate agent requires time and effort so make sure that you are in it for a long run. 

Flip property
You probably heard this term in various home related television shows. Flipping a property means buying an old property, giving it a makeover, then selling it to a better price. Some flip property aficionados even turn the property into a commercial business, creating a new restaurant, laundry shop, etc. It can create a large one time profit and can be managed in the comforts of your home.


Contributor:

Dot Property Philippines offers property searchers, home owners, developers and real estate agents a comprehensive advertising platform to buy, rent or sell property online – and all with the option to list for free. 
Dot Property Philippines makes it easy to ‘move online’ with inclusive search features that allow property buyers to find the perfect house, villa, apartment or condominium to call home or even a new investment. Pinpointing your ideal property by filtering a search by type, location, number of bedrooms and price.

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