Kuya Well's personal finance corner
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” »
When it comes to investing your hard-earned money, you have several options, and two popular choices are Mutual Funds and Unit Investment Trust Funds (UITFs). Both of these investment vehicles offer opportunities to grow your wealth, but they have some key differences you should understand before making a decision. In this blog post, we’ll break … Read More “Mutual Funds vs. UITF: Understanding the Key Differences” »
Maya just recently launched Funds in their app where you can invest in several Mutual Funds / UITF similar to that of GCash GFunds. How to Enroll in Maya Funds? 1. From the Maya Dashboard, tap on Funds. 2. If you haven’t done it before, you may be asked to do the following: Once completed, … Read More “Investing in Mutual Funds / UITF through Maya Funds” »
For existing users, there’s not much of a change to Maya Savings’ boost interest promo compared to the one they offered last month (September) since this is simply an extension of their promo that started in August. As for new users, they’re given an additional 2% boost in interest. What’s the latest change? For existing … Read More “Maya Savings Boost Interest Latest Update (October 2023)” »
I’ve made several posts about high-yield digital savings accounts like Maya, CIMB, Seabank, and GoTyme. But which of these four is actually the best? So for today’s blog, let’s compare what they have to offer. Best in base interest rate per annum We’re talking about the actual base interest rate here and not including promos … Read More “Which one is the Best High-Yield Savings Account?” »
There’s no change to the interest rate promo of CIMB. The promo which was introduced last month has been extended until the 31st of October. But in case you missed the mechanics of the promo, I’ll give a brief recap of what it is. What’s the current promo? It’s a 2-part promo wherein: How long … Read More “CIMB’s Interest Rate Latest Update (October 2023)” »
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” »
I want to apologize beforehand to my friends and relatives who are financial advisors of Insurance companies. That said, the aim of this post is to educate people about some misconceptions and sales pitches of VUL Insurance agents. What is VUL? VUL is simply an insurance with an investment rider. So when you get a … Read More “Debunking VUL Insurance Myths” »
The eligibility requirement to enroll in Pag-IBIG MP2 is broken down into 3: Maximum age limit I am a Senior Citizen, can I still invest in MP2? I’ve seen this question a lot of times in a Facebook group of which I’m a member. The answer to the question: Yes, you can. A retired Pag-IBIG … Read More “Pag-IBIG MP2: is it for everyone?” »
If you’re one of those who are curious about GCash’ GInvest, you may have come across the ALFM Global Multi-Asset Income Fund since this is the only mutual fund in the list that offers dividends. And I’m sure you’ve tried your damndest to know more about it but can’t find additional information from GCash or … Read More “Your Introductory Guide to ALFM Global Multi-Asset Income Fund on GInvest” »
