I already have the BDO EIP (Easy Investment Plan) and me and my wife choose UITF - unit investment trust fund for equity. It is is very easy to have an investment in UITF in BDO (Banco de Oro). The following is the details on how we started in BDO Easy Investment Plan. Last Thursday, I opened a savings account at BDO (worth P5,000) and I tell the clerk to link my BDO savings account in their EIP (easy investment plan). The clerk ask me if I am knowledgeable about investing? I said, yes. "Which investment products on EIP you are planning to invest with?" I like UITF (unit investment trust fund). And I tell her to debit my savings accoount a P2,500 every 5th of the month to use in my BDO EIP UITF. The reason why I choose UITF equity is because I am planning t invest using PCA "peso cost averaging", which it has a lot of advantage even the market will be going to get up or down.
As easy as that, thanks to BDO for this investment opportunity, now I am an investor., my goal is to invest in BDO EIP UITF worth P2,500 within 5 years. And when my other business grows (agri-business) I will going to add additional P5,000 (total of P7,500 per month and make it within 10 - 20 years). Is that a good idea? Of course, for i know TIME is GOLD. I am very confident of this. Thank you Lord for this great opportunity.
|Photo Courtesy: BDO|
*BDO Easy Investment Plan Product Features
Starts at Php1,000.00 per contribution per month for all UITFs with the EIP feature except for the BDO Peso Money Market Fund (PMMF), which starts at Php 10,000.00.
Frequency and Schedule of Contributions:
Once a month (5th, 10th, 15th, 20th, 25th or 30th)
Twice a month (5th & 20th, 10th & 25th, or 15th & 30th)
The following Unit Investment Trust Funds (UITFs) are available through the EIP:
* BDO Peso Money Market Fund (PMMF)
* BDO Peso Fixed Income Fund (PFIF)
* BDO Peso Balanced Fund (PBAL)
* BDO Equity Fund (EQUITY)
Auto debit from any BDO Savings/Checking/Payroll account maintained with any BDO branch.
Every time the market value of the investment reaches Php10,000.00 for PFIF, PBAL and EQUITY and Php 100,000.00 for PMMF on a contribution date, this will spin-off and be treated as a regular UITF investment documented by a Confirmation of Participation (COP).
0.50% of original contribution amount
Deadline for Enrolment:
At least four (4) banking days before the desired first contribution date
*BDO Easy Investment Plan Benefits to Clients
1. Automatic Savings and Investments
5. Professional Fund Management
6. Cost Averaging
Time is running out, I just want to share my experince on how to open a BDO easy investment plan. And of course I just want to follow the rules in money "pay yourself first", This is our priority when we are making a budget in our finances, this is how we invest money - peso cost averaging and never waste time, we are a disciplined investor. To learn about investing tips, please read how to invest money wisely here.
Filed Under: UITF Investing