Kuya Well's personal finance corner
Note: this is no longer applicable. The latest update on the interest rate offered by GoTyme can be found here. On March 31, 2023, GoTyme Bank decided to go toe to toe with the likes of Maya, CIMB, and Seabank when they increased their interest per annum for GoSave to 5% from their previous interest … Read More “GoTyme Bank now offers 5% interest” »
Variable Universal Life insurance (VUL) is a life insurance plus investment program rolled into one. That’s the easiest explanation that I can provide. If it’s still unclear to you, this insurance policy is offered the most by “financial agents” from Sun Life, Pru Life, Insular Life, and other companies with the word “Life” included in … Read More “Why You Should Think Twice in Getting a VUL Policy” »
I compiled several frequently asked questions (FAQs) that I’ve read on social media about SSS. Hopefully, this helps you out and if you have other questions, feel free to comment down below. How do I check my SSS contributions online? You can check your SSS contributions online by visiting the SSS website and registering for … Read More “Everything You Need to Know About SSS: FAQs Answered” »
Let’s admit it, for beginners, investing in stocks can be a bit overwhelming and intimidating. Hence, people tend to shy away from stocks. One of the most popular investment options for beginners is mutual funds. So for today’s post, we’ll provide a beginner’s guide to mutual funds. What are Mutual Funds? This is a type … Read More “Mutual Funds for Beginners: A Simple Way to Start Investing” »
Do you want to get into real estate but don’t have the capital, then investing in REITs might be your answer. Real Estate Investment Trusts (REITs) are an increasingly popular way for investors to gain exposure to the real estate market without actually owning physical property. What are REITs? A REIT is a company that … Read More “Investing in REITs: How to Profit from Real Estate Without Owning Property” »
The Pag-IBIG Fund just released the dividend rate for 2022 a few hours earlier today. They touted it as the highest dividend rate since the Covid-19 Pandemic. What are the dividend rates for Regular Savings and MP2? The dividend rate for the Regular Savings is at 6.53% per annum while MP2 sits at 7.03% per … Read More “2022 Pag-IBIG Dividend Rates for Regular Savings and MP2” »
Most people often mistake Life Insurance for an investment but in reality, it’s actually an expense. The person who buys it (for himself) doesn’t actually benefit from it, hence why it’s an expense for that person rather than an investment. Let’s dig into it deeper. What is Life Insurance? Life insurance is a financial product … Read More “Life Insurance: An Expense, Not an Investment” »
You’ve probably heard about ETFs or Exchange-Traded Funds a few times, not only on this blog but on other sites as well. So for today’s post, let’s delve into the discussion about ETFs. What is an Exchange-Traded Fund or ETF? ETF is a type of investment fund that tracks an index, commodity, or basket of … Read More “Investing Made Easy: A Beginner’s Guide to ETFs” »
If you’ve been watching or reading finance-related websites or news companies, you may have heard about the collapse of the Silicon Valley Bank. SVB is the 16th largest bank in the US that provides a range of financial services to technology, life science, venture capital, and private equity firms. With SVB’s collapse, companies like Roku … Read More “Protect Your Money: The Benefits of Multiple Bank Accounts” »
Investors can use many types of stock investment strategies to grow their wealth. There are investors who prefer to earn by scalping or day trading to get immediate income and then there are those who prefer to buy and hold instead. I am more of a long-term investor so I focus mainly on the following … Read More “My Stocks Investment Strategy: Dividend, Growth, and Index Investing” »
