Emergency Fund

[artificialstar]

I like the UITFs in BPI because they have zero holding periods. And in case you need the money, you can redeem shares from anywhere and anytime online and it'll be withdrawable the next day. I don't know if other banks offer the same in their UITFs -- I haven't looked into it.

Hi sis, ano po magandang UITF ng BPI? Okay ba yung Peso Balanced Fund? Or mas recommended na Bond Fund lang talaga?

[ikaela]

^I'm what they classify as overly, superly, to-the-max aggressive investor, so all I look at are their equity UITFs. What BPI has at par with the index and other funds after all the fees are factored in is their Philippine Equity Index Fund. And that's it. Their MF, the ALFM Philippine Stock Index Fund one of my picks too.

I have never tried investing in balanced or bond funds. It's an investment type that isn't in line with my own financial goals.

[fionaapple]

i am also interested to save up. sana ma-achieve ko na rin itong 3-6 months salary...

[artificialstar]

^^ Thanks for the quick reply sis. Personal finance is afterall personal.

I just realized that 90% or more of my investments are in Equity and I need to place some of my EF in a vehicle that beats inflation when the money isn't needed. In terms of UITF, highest performers yung BPI and BDO. Downside ng BDO is 10k yung subsequent payment nila. Eeeek.

Okay din yung BPI Index Bond Fund, mababa lang yung fees. But I'm leaning more on the BPI Balanced Fund.

[mxherr5]

I still have more than half of mine in BPI Short Term Fund, some in a Maxi Saver account
and less than half in a coop savings account.

@artificialstar, BDO's performance is not far behind.
Are you just comparing BPI and BDO because there
are better performers than BPI.

I hope this doesn't come back to bite you in the a$$
BPI historically hasn't done very well performance wise.
Or maybe this is a sign that they finally hired someone
who knows their stuff.

I recall ING Funds before they bought it was one of the top
performers then boom, people left and the ING funds started
lagging behind their peers.

[artificialstar]

^ where do you suggest I place the EF sis? yes, I was comparing BDO and BPI, based from this list kasi.

[ikaela]

^Since it's part of your EF naman, sis, why don't you just place it where it is most convenient for you or for a trusted person to access it? Para kung may mangyari nga na emergency, mabilis mo lang ma-withdraw, or kung ikaw yung may emergency, madali lang makuha ng family/friends mo.

I like BPI for that because everything can be done over the internet. Just entrust someone with the login and password details, or maybe seal it in an envelope with withdrawal instructions marked "open in case of emergency only". Sa BDO, kailangan ikaw pa personally magdala nung investment certificates dun sa specific branch.

As for the returns, anything that beats inflation will do. No need to over analyze which fund to pick since the money is primarily intended for emergencies anyways and not for investing. Dun mo na piliin yung malalaking returns dun sa pera mo na pang-invest talaga.

[happyscent]

I also started building my emergency fund; 10% of my salary is to EF and 30% is to my stocks investments; I am still young so I can take risk even if I loose everything, I still have time to build again

[happynlove]

On the way to finish building my EF 2 months nalang! After that, investments and savings naman. I'm currently enrolled in BPI save-up. Pag nareach ko na my target EF amount then I will transfer it to a TD. Then yung mga next na save-up purely savings and investment na.
I'm also paying na for my life insurance. Sa mga starting palang like me isabay nyo insurance nyo sa savings kasi the younger kayo magstart, the lower the premiums.

[artificialstar]

^^^ I agree with you sis. Kung convenience ang pag-usapan, BPI din bet ko.

For those of you who has BPI UITF, paano po ba mag-apply? Walk-in lang and dun na sa branch mag fillup ng forms?

[blackgreen]

^nag apply ako online tapos submit sa bank ng form then may nareceive na ako email na processed na.

[artificialstar]

^ Thank you, sis!

[kaminari12]

Emergency fund namin nakadeposit lang sa BPI Gets Started SA. Ang habol ko is yung insurance which is x5 ng balance. Plan ko kumuha ng term or VUL and iinvest na lang sa UITF kasi kung iwiwithdraw ko din during emergency wala rin  ang x5 insurance.

[Ryoma29]

hello!
andami kong natutunan sa thread na to 

gusto ko lang sana itanong, advisable pa rin bang magbuild ng emergency fund (say BPI Saveup) even if may savings account akong di nagagalaw? Never ako nagwithdraw and usually 75-80% yun ng monthly savings ko.

Kasi ang situation ko now, may earnings ako every month but yung expenses ko ay for my luho lang (clothes, makeup ganyan). Wala rin naman akong binabayaran na credit card or household expenses (don't ask why ha ha).

thank you sa sasagot! 

[happynlove]

Sis imove mo nalang sa save up yung savings mo. Higher interest rate kasi pag save up plus may insurance pa in case you don't have one yet. But if you do have one already, siguro time deposit?

[ikaela]

^^You save 75-80% of your monthly income? Wow! Once you've set aside your emergency fund, start investing the rest, stat! Given your savings/expense ratio, you can afford to not work for money at all anymore in the near future.

[FayeP]

wow uu nga kainggit to be able to save that much per month...
wish ko din yan...

hubby and I are now trying to build our emergency fund, sabay sa 52 week challenge...bale 2 alkancya iniipunan ko, para sa 52 week challenge at isa sa emergency fund....magstart lang muna ako sa 3 months worth ng monthly expenses namin kasi un lang ang sa tingin kong kaya ko....

pag na-reach ko un 3 months, increase ko to 6 months...kahit matagal...wala naman to time limit eh haha

[enchoi]

This is one of my financial goal for 2015 - to set up a 6 months emergency fund.
Ganito sana yung idea ko:

10% would be kept as cash inside the house. 
40% would be put in 35 days TD with autorenew feature
50% would be put in UITF

I'm still not sure if putting it in TD is safe kasi baka mas malaki pa ang magiging service charge pag pinull out ko before the term vs yung interest.

[mxherr5]

I'd advise you to keep your TD money all in BPI's Short Term
Fund. Its yields are even better than TD rates.

Its very liquid too. Next day redemption.

[freejein]

Sis mxherr5, anong product ng BPI's Short Term Fund. Yung emergency fund din kasi namin ni husband, naka 1 month TD. Sorry, hindi ko pa kasi gamay. Thank you sa response.