Kuya Well's personal finance corner
Update (October 12, 2024): eToro has officially announced that they’re closing their doors on Philippine residents. Find out more in this article. Last week, my sister messaged me saying she received an email stating that her eToro account had been closed. At first, I dismissed it as a possible phishing email since I had not … Read More “eToro closes Philippine accounts” »
The Securities and Exchange Commission has issued an advisory against the use of eToro to anyone living in the Philippines. What is the advisory about? Basically, the Philippine SEC is saying that eToro doesn’t have the license to offer securities to anyone in the Philippines since they are not a registered corporation in the Philippines. … Read More “Philippine SEC to ban eToro?” »
I’ve found (so far), two ways how to pay SSS WISP Plus contribution using a credit card. Two methods to pay SSS WISP Plus via credit card 1. Through the SSS Portal This is the easiest way to do it since you won’t have to go out of the SSS Portal after creating the Payment … Read More “How to pay SSS WISP Plus contribution using a credit card” »
In addition to Maya and GCash which I’ve discussed in previous posts, you can also pay your SSS WISP Plus contribution using GrabPay. Steps on how to pay SSS WISP Plus contribution via the GrabPay Step 1: Generate your PRN via the SSS Portal You can generate a PRN by going to PAYMENT REFERENCE NUMBER … Read More “How to Pay SSS WISP Plus contribution via GrabPay” »
I’ve recently participated in discussions where people regard VUL insurance as a scam and I can understand their sentiment. To be fair though, VUL insurance is a legitimate product that is allowed by the Insurance Commission. So why are people calling it a scam? The main reason is incorrect expectations. People tend to think that … Read More “VUL Insurance is a Scam” »
Though SSS WISP Plus was just launched in December last year compared to Pag-IBIG’s MP2 which was established in 2010, it’s good to compare these 2 government-backed programs and see which one’s better. Let’s make a side-by-side comparison between these two, shall we? Maturity Period A Pag-IBIG MP2 account has a lock-in period of 5 … Read More “Pag-IBIG MP2 vs SSS WISP Plus” »
In a previous blog, I gave an introductory post regarding the ALFM Global Multi-Asset Income Fund. This time around, I’ll show you how you can invest in the said fund through the GCash app. If you haven’t done it already, you need to create a GFunds account first before you can invest in it. Since … Read More “How to Invest in ALFM Global Multi-Asset Income Fund via GCash” »
Note: this lifehack no longer works for a Mastercard. I’m sure you’ve thought of using your credit card to pay for your MP2 contribution but have considered not doing it because of the hefty 1.75% convenience fee. Before I share the life hack, first consider using a credit card to pay for your MP2 contribution … Read More “Life hack: How to pay MP2 contribution using a credit card with just a 5-peso convenience fee” »
I’ve talked about investing in the US stock market a lot. And in my previous posts, I’ve mentioned how the US stock market has an average annual return of 10%. The question is how should you invest to be able to get that 10% average annual growth? In order for you to do so, you … Read More “Portfolio Discussion: VOO (Vanguard S&P 500 ETF)” »
In a previous post, I mentioned that I’m not a proponent of Variable Life Insurance (VUL). I am pro-insurance though for those who actually need it. You might ask: “If you don’t recommend VUL but advise breadwinners to invest and get life insurance, what are my options?” That’s where the BTID strategy comes in. What … Read More “BTID strategy: a Better Investment and Insurance Approach” »
