Anong investments ang nag-co-compound na katulad ng time deposit? The truth is, a lot of paper assets like mutual funds and stocks don’t really compound, but if they did, the compounding rate would be higher than time deposits. When you see illustrations where these investments compound, they are using the concept of the compounded annual […]
Tags: banking, compounding, investing, time deposits
I want to transfer money from my BPI savings account to another BPI account that’s not under my name. I transfer funds to a lot of people, and they’re different every time, so I don’t want to enroll them. Is there are way to do this? Thanks. Answer: Yes, because BPI has a transfer to […]
Tags: bank, banking, BPI, money transfer, wire transfer
I’m talking about those people on the Forbes list among others. So let’s say Bill Gates — does he have a bank account that shows millions of dollars as its balance? So what’s the reality? Answer: First, the extremely wealthy will always have businesses, real estate, jewelry, art, investments, etc. which makes up the bulk […]
Tags: banking, Bill Gates, personal finance, ultrarich
Hi. I am a Filipino working in Australia and I want to open a bank account in the Philippines where I can deposit money directly. I will be working overseas for around two years more and there will be no time for me to go back in the country to open a savings account personally. […]
Hello, Since the Philippines got an investment grade, I keep hearing that its better to open a business because rates are lower, its better to get into the stock market, etc. My question is, does it also have an effect on the current banking interest rates, specifically time deposits? Are time deposits a […]
Tags: banking, interest, investment, rates
If you’re interested in investing in paper assets such as mutual funds, UITF’s and/or the stock market; when do you think is the best time to invest?
Tags: banking, investment
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