Tag Archives: #PracticalMoneyTips

Enjoy Your SSS Pension – P1,200 per month?

Leave a reply

by Bobet Prudente

Note from the author: when first written, minimum pension was ₱1,200.  With an across-the-board increase of ₱1,000 in 2017, all pension amounts were increased accordingly. 

Imagine retiring, and getting a pension of ₱2,200 per month.

If you read the newspapers, you probably remember President P’Noy was in the headlines in early 2016, for vetoing a proposed law raising the pension of SSS retirees by ₱2,000 per month. He said doing so will bankrupt the SSS fund.

It was such a distressing news. SSS could not afford to raise the pension by ₱2,000?

President Duterte thought otherwise.  Under his administration, the SSS implemented a ₱1,000 per month across the board increase in early 2017 for all SSS pensioners and is set to implement a second round in 2019.  But this will reportedly bankrupt SSS by 2026 only eight years from now!

Maximum Contribution for 30 years

I computed how much I’d get as pension when I turn 60. I was a senior manager for more than 30 years, and hence paid the maximum SSS contribution for 30 years. Therefore, I expect the highest possible pension for 30 years contribution.

And the number I got was….. (drum roll please) ….. ₱ 10,900 per month!

What?

How could a highly paid employee, paying maximum contribution for 30 years, survive on ₱10,900 per month when he retires?

But that is NOT the sad part. ₱10,900 is for those who paid maximum. How about those who paid less?

What if you paid for only 10 years?

There are Filipinos who paid less, and contributed for 10 only years.

The minimum pension after paying 10 years is ₱2,200 per month!
Can you imagine living with a pension equivalent to ₱70 PER DAY?

The maximum pension after paying 10 years is ₱7,400 per month.

What if you paid for more years?

If you contributed:

  • for 10 years, your pension will be ₱2,200 – P7,400 per month.
  • for 15 years, your pension will be ₱2,200 – P7,400 per month. (same as 10 years!)
  • for 20 years, your pension will be ₱3,400 – P7,700 per month.
  • for 30 years. your pension will be ₱3,400 – P10,900 per month.
  • for 40 years, your pension will be ₱3,400 – P14,100 per month.
  • for 45 years, your pension will be ₱3,400 – P15,700 per month.
After contributing the maximum SSS premiums for 20 years, you will be eligible to a maximum pension of ₱7,700

After contributing the maximum SSS premiums for 20 years, you will be eligible to a maximum pension of ₱7,700

We must build our own retirement fund!

Obviously, we can’t depend on the government or the SSS to provide us enough during our retirement. We must take control of our future, and build our own retirement fund. Otherwise, we might be among those who will retire with a ₱2,200 pension, or if you contribute the maximum premium for 30 years, ₱10,900 per month.

Do we want to prepare for your retirement?
We must take control of our future, so we will not retire dirt-poor.

Would you like to attend our free 1-hour “Building Your Future – Controlling Your Money” seminar in various locations, to get financial education?

After attending the Building Your Future seminar, you can attend workshops 1 to 4 at the
World Centre for FREE.

The third workshop is particularly interesting if you are planning to build your retirement fund.

Workshop #3. Building Wealth. Asset Accumulation.

  • Wealth Formula.
  • The Hidden Cost of Waiting.
  • The Rule of 72. Understanding Interest.
  • Peso Cost Averaging.
  • Mutual Funds.
  • Passive vs. Active Management.
  • Saving for your Children’s Education.

Plan to retire rich and retire happy!

p.s.
Learn the  “The Secret to Saving and Building Your Future.”  Click here to learn how.

p.s.  #2
Get a  free eBook “The Secret to Saving and Building Your Future.”  Click here to download it.

p.s. # 3
My wife Mary Ann and I conduct the “Building Your Future” financial seminars on Mondays at 2pm and 6pm in Quezon City.  Click here to register for our FREE seminar.

 

How to Spend Your 13th Month Pay

Leave a reply

Merry Christmas!

It’s that time of the year when Filipinos are happiest.  Many are eager to receive their 13th month pay to buy presents for family and friends, and to splurge a little on gadgets.  For some, there are extras, perhaps even a 14th and 15th month pay.

How do I spend my 13th month pay?

How do I spend my 13th month pay?

How do you use it?  I strongly suggest you think a little beyond the holiday season, Christmas presents and merry making.  Why don’t you….

  1. Plan

Close to 70% of people who get large amounts of money go broke within 5 to 7 years.  This is because many people are so unfamiliar with having a large amount of money.  Plan how to use your money, and budget how much you want to spend for Christmas and how much you want to allot for more productive use.A good rule of thumb is 10% for your spiritual community, 20% for your future, and 70% for your expenses and lifestyle:

  • 10% for your eternity
  • 20% for your maturity
  • 70% for your family

And then you plan further.  How do you spend your 70%?

  1. Protect Your Family

Have you considered what would happen if the Lord decides to call you home early?  What would happen to your family?  You can be healthy today, but what if tomorrow, you meet an accident?  Will your family go hungry?Buy SUFFICIENT life insurance coverage.  There are inexpensive options available, such as term life insurance.  P6,000 annual premium at age 25 can buy you P1M coverage.Combined with some mutual fund investments, P3,000 per month for 10 years can  buy P1.2M of life insurance at age 25, slowly growing to more than P4.8M coverage ( or P3.8M cash benefit) by age 60.

Learn about protection, savings and investment in free seminars,  like the SAVING YOUR FUTURE seminars on Practical Money Management from IMG.

  1. Eliminate debt

The typical Filipino makes strange financial decisions.  Most save in banks where their money earns 0.20% per year (that simply means if you put P100,000 in the bank on Jan 1, then by December 31, the bank will give you P200 interest after withholding tax), but borrow from the “friendly Bumbay” at 5-6, or from the “sosyal” credit card company at 3.5% PER MONTH.

Pay your credit card debt. By paying  credit card debt you effectively invest your money at a rate at least equal to the 3.5% they charge you.

Read more about How to Invest by Paying Your Credit Card, and earn an equivalent compounded annual growth rate of approximately 51%

  1. Invest

Investing is increasing the value of your assets using your existing resources, like time and money.  While some consider investing a science, there are enough elements of creativity involved, I prefer to think of it as an art.Investing in your greatest asset – you – is probably your best investment.  You probably invested hundreds of thousands of pesos in your formal education (elementary, high school, college) so you can get a good job, and work for money.

Invest in your financial education, to learn how make money work for you, and to gain financial wealth and spiritual abundance at the same time.  Join the TrulyRichClub.

Start by taking a crash course in stock market investing.Invest in safe investment vehicles to build your retirement fund and your children’s college funds. Equity mutual funds and UITFs are good starting points.

  1. Setup Your Emergency fund

Setup your emergency fund, normally three to six months of your living expenses.  Emergencies are for emergencies or unexpected large expenses such as medical emergencies or temporary unemployment.  Sale in malls are not emergencies, even if your dream shoes are on sale at 70% off.

Keep your emergency funds in savings or time deposits.

  1. Indulge

Spend a little on yourself.  Save specifically on little pleasures for yourself, maybe an occasional vacation or adventure.  Save for your future, but  treat your present self every now and then.

A note on the 10% for Eternity

Share your blessings  to your spiritual community and to the less fortunate.  Remember we are merely managers of of God’s wealth.  Giving actually makes you feel more blessed, and appreciate the abundance of God’s universe.  Giving makes you win in all areas of your life.  In other words, TrulyRich.

Bobet Prudente is a financial coach and Senior Marketing Director at IMG TrulyRichMakers.  He is a member of Bo Sanchez’ TrulyRichClub .  He conducts regular FREE Saving Your Future seminars on Practical Money Management Techniques in Quezon City.

 

Kwentong May Kwenta

Leave a reply

Literally, “Kwentong may kwenta” means  either

  • stories that matter
  • stories with calculations

In this site, “Kwentong May Kwenta” mean stories with calculations that matter. There are many financial articles that explain financial concepts in great detail, citing numbers which seem magically derived from some advanced mathematics bordering on rocket science.

Our  “Kwentong May Kwenta” use tables of numbers to illustrate financial concepts, and practical applications, showing simple calculations one can do with a basic calculator or Excel.  The computations are easy to replicate for use in actual, personal situations.

We do not even expect readers to do computations.  We hope that by showing numbers to illustrate concepts and practical applications, the readers simply appreciate and relate to the concepts shown.

 

How to Invest by Paying Credit Card Debt

Leave a reply

Do you have credit card debt?

If you have credit card debt, one of the best gifts you can give yourself is to pay your credit card aggressively. Paying high-interest debt is actually a very good investment strategy, sometimes “earning” you more than 50%

It isn’t enough to just pay the “Minimum Amount Due” every month. Create a payment plan, put it in writing, and attack your credit cards, starting with the highest interest credit card first. If the cards have the same interest rate, choose the one with the lowest balance.

Cut up your credit cards!

Aggressively pay your credit cards starting with the card with highest interest rate.

What happens if you just pay minimum? Let’s take a look. Suppose

  • you have credit card debt of P20,000 in one credit card
  • you do not add any more debt to that one credit card
  • your monthly interest rate is 3.5% and
  • you normally pay only the minimum P500 per month for this card
  • you keep your other credit card payments constant
Paying Minimum

Paying only the Minimum Amount Due will often increase your debt

After the first month, your P20,000 debt incurs 3.5% interest or P 700, and you pay P 500 only, so your ending balance is P 200 higher at P20,200. After 12 months, you would have paid P 6,000, but incurred P 8,920.39 in interests! Hence your ending balance after 12 months is higher at P22,920.39. Your debt and P 6,000 payment actually lost you P 2,920.39 or 49% loss!

But what if you decided to save an additional P10 per day or P300 per month to add to your credit card payments. That isn’t much, right? Instead of paying the minimum P500, you pay P800.

Pay more than minimum

Paying more than minimum, at least more than monthly interest, will reduce your credit card balance.

Because you are paying P800, or more than the interest (3.5% of balance), your debt actually shrinks every month. Specifically, your P20,000 debt will shrink to P18,539.80 in 12 months. This means your twelve P800 payments totalling P9,600 earned P20,000 minus P18,539.80 equals P1,460.20 or about 14.6%* !!!

But what if, when you get your 13th month pay, you use part of it to make a large payment on your credit card debt? What if, after deciding to save an extra P10 a day or P300 a month, you paid P7,500 on the first month?

Balloon Payment

Making a balloon payment reduces the interest rate

The balloon payment of P7,500 substantially paid the balance of your P20,000 debt, so after the P700 interest, first month ending balance is P13,200. Hence subsequent interest per month dropped initially to P450 then lower every month.

So your debt shrinks faster every month, up to P8,758 after 12 months! This means your P7,500 plus P800 every month totaling P16,300 earned P20,000 minus P8,758 equals P11,242 or about 69%* !!!

But let us make a real plan. Can you save P33/day instead of P10/day? The P23 difference is about the price of a cup of coffee at the cafeteria, or that modest ‘turon’ after lunch. That translates P1,000 per month. What if, in addition to your P7,500 on the first month, you add the P1,000 to the original P500, and pay P1,500 per month?

Aggressive Payment

Aggressively paying your credit card debt will enable you to quickly retire your debt

Wow! Is this for real? The P7,500 initial payment reduced the balance to P12,500 plus P700 interest increased the first month end-balance to P13,200. But the aggressive repayment at P1,500 per month very quickly reduced the balance to P1,022.81 after the 11th month, enabling you to fully retire the P20,000 debt after only 12 months!

Just think about this. Your P23,558.61 in payments earned you enough to fully retire one credit card with P20,000 beginning balance. That is like earning P20,000 on P23,558.61 in one year or 85%! Where can you find an investment that gives you 85% in a year?

After 12 months, it is time for your 13th month pay again. Time to start retiring your second credit card or next P20,000 debt. It will be easier for the second card. If you were paying minimum of P500 on your second credit card, you can then pay P1,500 more ( what you were paying for the first credit card ).

Pay high-interest debts! It is one of the best investments you can make!

* Strictly speaking, the effective interest rate is the same as the credit card rate, approximately 3.5% per month, or a compounded annual rate of approximately 51%.

Learn more about Practical Money Management Techniques in our FREE Saving Your Future seminars in

Related topics

Paano Nakalaya ang Isang OFW Mula Sa Barko at Umuwi sa Pamilya sa Pilipinas

Leave a reply

I-share ko lang po sa inyo ang kwento ni Randy and Christy

Ako po ay isang OFW as a Seaman, Randy Cañete.

Randy and Christy Cañete

Meet Randy and Christy Cañete. Randy says: “Ako po ay isang OFW as a Seaman, Randy Cañete. At sa loob ng 16
na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera….”

At sa loob ng 16 na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera
….14 years duon ay walang naitabi
…walang naipon at walang investments na bubuhay sa akin at sa pamilya ko kung saka sakaling bigla akong mawawalan ng trabaho
… (mapaaway o nadisgrasya sa barko).Ito siguro sa kadahilanang nagbago ang aking lifestyle ganun din ang aking pamilya
…lumaki ang aking kita pero mas lumaki ang aking gastusin at bayarin dahil sa aking naging
Lifestyle
….Negative cashflow dahil sa “Instant Gratification.” Bili dito, bili duon,pasyal
dito, pasyal doun. Nakalimutan ko na ang”Delayed Gratification” at matutong mag-ipon at mag-Invest para malaguin ang aking Hard Earned Money na syang magpapaginhawa at buhuhay sa aking pamilya sa oras ng wala na kong trabaho.

Salamat sa Dios at sa aking masidhing kagustuhan na matutunan ang wastong Financial
Literacy na natutunan ko sa pagbabasa ng mga Financial Books, pag aattend ng mga Seminars at higit sa lahat sa Opportunity at importanteng kaalaman sa buhay at ispritwal na ibinahagi sa aming mag-asawa ni Bo Sanchez at ng International Marketing Group that really changed
my insights how to handle hard earned Money and make them that Money work hard for me and for my Family. It teaches me and my wife too how to be a good Entreprenuer.

ps: sa ngayon po ay nakalaya nako sa pagiging alipin sa barko dahil 3 years narin ako dito sa Pilipinas kumikita gaya din ng kinikita ko sa barko.

pps: Kasama ko na pamilya ko at napakasarap ang buhay na makitang lumalaki ang aking mga anak at nagagabayan sila ng maayos at may suportang “Moral”.

PPPS: Para marating mo ang isang bagay, It is Important to know where you are right now muna. Answering this FREE survey will help you and your Family’s Future –> https://goo.gl/WpHJlP

AVOID SCAM AND PYRAMIDING! BE FINANCIALLY LITERATE!

Meet Randy and Christy when they conduct our FREE “Saving Your Future” seminar on Practical Money Management Techniques, in Dasmarinas Cavite. Christy normally conducts the Friday sessions.

Mayroon ding seminar sa:

Save Early!

Si Aga Maaga, Inna Sakana, Pol Pahabol at Loi Tuloytuloy

Leave a reply

Let me tell you the story of four college friends, who  became millionaires when they retired.

The first friend, Aga Maaga, immediately started saving at age 21. He began saving P2,000 per month and investing it at 12% per year. After six years, he had a mini-reunion with two of his friends.

Aga Maaga

Aga Maaga started saving early, and invested P24,000 a year at 12% per annum. He did this for 7 years.

He told his friends, “Wow! I saved only P24,000 per year for six years, for a total of P144,000. But thanks to the power of compounding, my accumulated balance is now P218,13! But I am getting married already, and I can’t afford to save anymore, so I will stop saving.”

His two friends, Inna Sakana and Pol Pahabol  said “Wow! We’re 27 years old already, but we want to start now! We will begin saving P2,000 per month too, and invest the savings at 12%”

The three friends met again six years later, and compared their portfolio.

All three friends saved P2,000 per month, or P24,000 per year for six years for a total of P144,000. But Aga Maaga already had P430,562 after 12 years, while both Inna Sakana and Pol Pahabol had P218,136, just like Aga Maaga six years earlier!

They noted Aga Maaga‘s investment was already P430,562, or almost twice their P218,136!

Inna Sakana said “I will also get married, and have to stop saving. Maybe my investment will grow like Aga Maaga”

Aga Maaga, Inna Hulina and Pol Pahabol

Inna Hulina and Pol Pahabol copied Aga Maaga’s investment, but started 6 years later. They saved and invested P24,000 per year at 12% per annum for six years.

Pol Pahabol said, “I want to catch up with Aga Maaga, so I will keep on saving and investing, until my accumulated investments exceed Aga Maaga‘s”

The three friends met many years later, when they reached 60 years old. They compared their portfolios.

At age 60, Aga Maaga, after saving P144,000 from age 21 to 26, and waiting till age 60, had P10,283,493 in his portfolio. His money grew 71 times from age 21 to age 60!

At age 60, Inna Sakana, after saving P144,000 from age 27 to 32, and waiting till age 60, had P5,209,938 in his portfolio, about half of what Aga Maaga had! The only difference in their investment strategy, is that Inna Sakana began saving six years later!

After 40 years

After 40 years, Aga Maaga and Pol Pahabol both had P10M pesos. But Aga Maaga invested onyl P144,000 while Pol Pahabol invested P816,000!

Pol Pahabol observed that because he kept on saving and investing, his portfolio grew faster and through the years, he was slowly catching up with Aga Maaga. Finally, at age 59, he finally had more than Aga Maaga. At age 60, after saving P816,000 over 33 years from age 27 to 60, he had P10,335,924 in his portfolio, his money grew only 13 times compared to Aga’s 71 times!

Inna Sakana said “Hay naku, nakakainggit si Aga!  Pareho lang ang aming na-invest, pero nahuli lang ako ng 6 years, tapos P5M ang diperensiya, kalahati lang ang aking investment ikumpara sa kanya?  

Pol Pahabol said “Hay naku, ang hirap naman habulin ni Aga!  Grabe! He saved and invested P24,000 a year for only 6 years, or P144,000!  And I invested P24,000 a year for 33 years or P816,000!  Tapos halos pareho lang pala kami?”

Then their fourth friend, Loi Tuloytuloy joined them. He said, that like Aga Maaga, he started saving P2,000 per month or P24,000 per year at age 21. Like Pol Pahabol, he continued saving P24,000 per year until age 60.

At age 60, he had P20,619,417, or about the same amount as Aga Maaga and Pol Pahabol combined!

Loi Tuloytuloy

Loi Tuloytuloy just kept on investing P24,000 per year for 40 years. At 12% per annum, he had more than P20M by age 60!

Who is your role model? Who would you like to copy?
Si Loi Tuloytuloy?
Si Aga Maaga?
Si Pol Pahabol?
O si Inna Sakana?

We’d all like to be like Loi Tuloytuloy, and accumulate P20,619,417, but if not we should be like Aga Maaga, who started early!

Are you ready to start saving and investing? Are you ready to grow your wealth?

Save Your Future by learning Practical Money Management Techniques in our FREE seminars. Register early, there are limited slots available!   Click below to register for the FREE Financial Seminar in

Are you ready to grow your wealth?

Are You Ready to Grow your Wealth?

Leave a reply

Investing early and correctly make it easy!

Don’t’wait for the right time to invest, now is the right time!

People who wait till tomorrow to invest never actually  start, because tomorrow never comes;   there will always be another tomorrow.

Suppose you are 20 years old, and you want to have P5M in your retirement fund at age 60, then you have 40 years to build your retirement fund.

If every month, for 40 years, you save P421 in an investment vehicle that earns 12% per year, you will have P5,000,000 in your retirement fund.

Investing P421 monthly at 12% will give you P5M in 40 years!

Investing P421 monthly at 12% will give you P5M in 40 years!

But most young people will say, “I’m young, I’m healthy and I just got my first job! I’ll enjoy my salary and begin saving later!”

At age 30, you wonder if you should begin saving.  You still have 30 years to save before you retire at age 60, right?

If every month, for 30 years, you save P1,416 in an investment vehicle that earns 12% per year, you will have P5,000,000 in your retirement fund.  Because you waited 10 years, the amount of money you need to save to reach P5,000,000 already tripled!

Investing P1,416 monthly at 12% will give you P5M in 30 years!

Investing P1,416 monthly at 12% will give you P5M in 30 years!

At age 30, people say, “I just got married and have lot of new expenses.  I’ll save tomorrow.”

Many people have excuses not to begin saving and investing.  But just look at this table.

Investing early makes it easier to build wealth

Investing early makes it easier to build wealth

At age 40, one needs to save  P5,004 every month, investing at 12% per year for 20 years to have P5,000,000 at age 60.  But people at age 40 say, ”The kids are growing up, and I have lots of school expenses.  Maybe I can begin saving tomorrow.”

At age 45, one needs to save  P9,909 every month, investing at 12% per year for 15 years to have P5,000,000 at age 60.  The amount needed almost doubled in five short years!  But still people say, “My God, I didn’t know college can be so expensive! I can’t afford to start saving.  Maybe tomorrow.”

At age 50, one needs to save  P21,500 every month, investing at 12% per year for 10 years to have P5,000,000 at age 60. The  amount more than doubled! But still people say, “My parents’ retirement money just ran out, and we have to support them.  And I have more bills to pay. I really hope I can start tomorrow”

At age 55, one needs to save  P60,600 every month, investing at 12% per year for 5 years to have P5,000,000 at age 60. The  amount almost tripled!  That is about P2,000 per day!

Which is easier, saving P421 PER MONTH starting at age 20, or saving P2,000 PER DAY starting at age 55? At age 55, people sadly say,

“I should have started saving yesterday.”

And finally at age 65, people say, “My retirement money is just enough to pay for my debts. What will I spend tomorrow?”

It is never too late to start saving and investing! The earlier you start, the better!  It keeps on getting exponentially more difficult as you grow older.

Are you ready to start saving and investing? Are you ready to grow your wealth?

Save Your Future by learning Practical Money Management Techniques in our FREE seminars. Register early, there are limited slots available!   Click below to register for the FREE Financial Seminar in

  • Makati (World Center Bldg, Sen. Gil Puyat Ave, Makati across Mapua)
  • Quezon City (Timog Ave cor. Quezon Ave, in front of Ninoy Aquino monument)
  • Dasmarinas Cavite (Camerino Ave, near main Church)
  • Calamba Laguna (Highway corner Chipeco, Brgy Halang)

Soldivo Investing Made Easy via BPI ExpressOnline

1 Reply

After you open a Soldivo Bond Fund or Soldivo Strategic Growth Fund account, you’d naturally want to make additional investments regularly to take advantage of money cost averaging.

You can make additional Soldivo investments electronically via your BPI Expressonline account. BPI treats the Soldivo mutual funds as “merchants,” so we can invest by “paying” Soldivo, using your folio number as reference or account number.

Soldivo Investing Made Easy with BPI Express Online

Soldivo Investing Made Easy with BPI Express Online

To Enroll Your Soldivo Fund Account(s):

  1. Go to http://www.bpiexpressonline.com/ and log into your BPI Online account.
  2. In the main menu, select the following: Payments & reloading → Bills Payment → Enroll Other Bills
  3. On the e-form, fill in your BPI account details.
    • Under the ‘Company Name’, select the Fund name (Soldivo Bond Fund Inc/SBFI or Soldivo Strategic Growth Fund/SSGFI )
    • Under ‘Reference Number’ enter your corresponding folio number (e.g. 6001xxxxxx).
  4. Click ‘Submit’.
  5. You will receive a confirmation notice of your enrolment and a copy sent to your registered email address. You may now make your additional investment online.

To make Additional Investments:

  1. Go to http://www.bpiexpressonline.com/ and log into your BPI online account.
  2. In the main menu, select the following: Payments & Reloading → Bills Payment → Pay Bills Today
  3. On the e-form, under ‘Pay’,
    • select the SOLDIVO fund name with the corresponding folio number (SBFI 6001xxxxxx or SSGFI 6001xxxxxx)
    • Input the amount to be invested
    • Select which BPI Account to be used for payment
  4. Click ‘Submit’.
  5. A pop up window will appear verifying your investment details. If the information is correct, click ‘OK’.
  6. You will receive a confirmation code of your investment and a copy sent to your registered email address.

 

To Schedule Regular Investments

After enrollment, you can automate your Soldivo investing by scheduling merchant payments to your Soldivo account.

  1. Go to http://www.bpiexpressonline.com/ and log into your BPI online account.
  2. In the main menu, select the following: Payments & Reloading → Bills Payment → Scheduled Bills Payment → Schedule Bills Payment
  3. On the e-form, under ‘Payment Details’,
    • select the SOLDIVO fund name with the corresponding folio number (SBFI 6001xxxxxx or SSGFI 6001xxxxxx)
    • Input the amount to be invested
    • Select which BPI Account to be used for payment
  4. On the e-form, under ‘Schedule Options’
    • select Recurring Payments
    • select Monthly or Quarterly  
    • Input How many
    • Input Start Date
  5. Click ‘Submit’.
  6. A pop up window will appear verifying your investment details. If the information is correct, click ‘OK’.
  7. You will receive a confirmation code of your investment and a copy sent to your registered email address.

 

Over-the-Counter

  1. Visit any BPI Branch
  2. Fill-out a Deposit/Payment Slip. Fill in the following details:
    • Under ‘Account Name/Merchant’s Name’, indicate the fund’s complete name.
    • Under ‘Reference No.’, indicate your folio number (e.g. 6001xxxxxx).