Itís Your Money > Investment Vehicles

What are your recommended Philippine Investment Vehicles of Choice?

<< < (2/8) > >>

Manila Cockney:
Rather than just thinking of Philippine investment vehicles think globally. Very easy to do now with the internet no matter where you live. Depending on your citizenship take advantage of tax benefits of being an expat. If resident in Philippines you will be taxed on income unless investing in tax free instruments such as the long term 5 plus year time deposits.†

:

--- Quote from: Manila Cockney on February 13, 2008, 02:16:12 PM ---Rather than just thinking of Philippine investment vehicles think globally. Very easy to do now with the internet no matter where you live. Depending on your citizenship take advantage of tax benefits of being an expat. If resident in Philippines you will be taxed on income unless investing in tax free instruments such as the long term 5 plus year time deposits.†

--- End quote ---

Good advice.....I have diversified into 6 different investment vehicles in 3 different countries and 4 different currencies

I don\'t expect them ALL to perform flawlessly but losses in one or two areas should be covered by the others

:
I thought I would add a bit here.

We have also invested in the Legacy International credit card program which isn\'t PDIC. From time to time, they have come up with a 3 year program, that\'s what we have and the RISK is less then 18 months for the seed monies.

They write posted dated (12 for the 3 years), checks that can be cashed every 3 months. All checks include P & I, therefore a zero balance at the end of the time period.

With ANY time deposit weather there\'s a balance or not, one needs to keep in mind what to do at the end of the time period? There\'s the BIG unknown!!

We went for the non-PDIC investment because the risk was limited to 18 months and gaining 33 1/3% on the money and we live off that plus rentals letting the 20%† 5year CD grow since the seed money will be there plus interest at the end of the time period.

It\'s working for us now and time will tell as they come due what I must do next.
B-Ray† †

clee353:
B-Ray:I just hope you did a Google search on the Legacy Group. Didn\'t quite like what i dug up, but then again, I am not involved with them directly as you are.
http://www.pinoymoneytalk.com/2007/06/08/double-your-money-investment-philippines/

Carolyn353

:

--- Quote from: clee353 on April 12, 2008, 12:04:56 AM ---B-Ray:I just hope you did a Google search on the Legacy Group. Didn\'t quite like what i dug up, but then again, I am not involved with them directly as you are.
http://www.pinoymoneytalk.com/2007/06/08/double-your-money-investment-philippines/

Carolyn353

--- End quote ---


Interesting read there Carolyn and thing said I already knew. Putting all your CD\'s in one Rural Bank is the biggest risk of all!! Legacy owns 12 of them across the Country, (some very old banks). Spreading a one name CD\'s around, what\'s the chance of them all your in going belly-up, therefore only one CD being covered by the PDIC?

Is dealing with the like of Legacy much different then investing in stocks and bonds??† I lean to better.

We have 5-20% CD\'s started late 2005, 2 in my name, 2 in my wifes and 1 joint in 3 of Legacy\'s Rural Banks. What\'s the odds of totally loosing our investments?† The risk is if more then one we are in goes belly-up.

Then the question is, how big is Legacy and what would it take for it to go belly-up? Rural Banking is just ONE operation their involved in. Remember the name says GROUP and I can count 14 other diversified areas the company has.

Yes, the risk is there no question about that! Hopefully a somewhat educated one? BTW, just heard yesterday and haven\'t checked it out yet, that Legacy bought another non-banking company.

Will Legacy get as big as SM beer? Who knows? We are just on a 5 year, (+ some 3 year), ride and then???? ;D
B-Ray

Navigation

[0] Message Index

[#] Next page

[*] Previous page

Go to full version