will it be wise to redeem your profit on your UITF every time it gained 10%?

I invested on UITF at BPI and as of this writing it gained 12% already and I plan to redeem its gained every time it goes up by 10% of more. is this a wise move or I’ll just leave it for a long term investment say 3 to 5 years. I invested 100K on BPI EQUITY FUND 150K for BPI BALANCE FUND.

I’m just new on this investment portfolio

Tags: investments

4 Responses to “will it be wise to redeem your profit on your UITF every time it gained 10%?”

1. Carlos says:

   March 5, 2013 at 9:05 pm

   Hi win!

   Wow! congrats on your investments!

   In my opinion, it really depends on your situation and your goals.

   Are you going to use that money for something (tuition, car, business capital, etc.)? Or is it allocated for a purpose (retirement, dream house someday, etc.)?

   If it has a purpose, and you’ve already achieved the necessary amount, it’s safe to withdraw. If not, then you should probably let it grow more.

   If it has no purpose, you should think about what it should be for.

   You might be thinking you could withdraw every time you gain 10% and lock in the profit. That way when it goes down, you can buy “on sale” and let it grow again – instead of simply waiting out a dip. At least I know I thought about that at first.

   The reality is, it’s very hard to predict the ups and downs of the market. So it’s going to be very difficult – if not impossible – to play around with your UITFs that way.

2. win says:

   March 6, 2013 at 12:55 pm

   Carlos hi!,

   First of all thank you for your response.

   Actually what my intention is to recover my capital ASAP and leave the profit for as long as it takes. Will that be possible?

3. Carlos says:

   March 11, 2013 at 10:21 pm

   Hi Win, sorry for the late reply.

   I though I already replied, I guess it didn’t submit properly 😀

   Anyway, Yeah that’s possible.

   Get in, get 10%, get out your capital and leave the 10% behind.

   I’m not sure what the reason is, but there isn’t anything wrong with what you want. And the way the market is going, you could really do that in a month or two if it keeps going the way it is.

   You would need to consider a few things:
   – No guarantee when that 10% threshold will come.
   – No way of saying you won’t suffer some setbacks before you reach that 10%

   So if you need the entire amount for something, consider also a safer investment.
   And also if you need the capital by a certain date.

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