I am a loyal Bank of the Philippine Islands (BPI) client. I started with a Kiddie Savings account when I was still in grade school (I deposited to the bank what was left from my school allowance). Now I already have both savings and time deposit accounts with BPI. Recently, I decided to add an investment account to my financial portfolio since I found out that BPI had lowered their minimum initial investment amount to 10k, which means I can now afford to invest on their UITFs and mutual funds. So last Tuesday, I used BPI Express Online to open a UITF account. I just provided my basic info & settlement account and took the Client Suitability Assessment test to determine what kind of investor I am (e.g. conservative, moderately aggressive & aggressive). FYI, BPI will only allow you to invest on UITFs/mutual funds that match your risk appetite. After that I printed the forms and submitted them to my chosen BPI branch. On the next day, the BPI personnel who assisted my application gave me my UITF account no. that I use to enroll my investment account online. Now, I can subscribe or redeem UITF shares anytime through BPI Express Online, more convenient than actually visiting a branch to do the same transactions. Based on the result of the test I took, I can only invest on BPI Premium Bond Fund and BPI Short-Term Fund. I decided to invest 10k to BPI Premium Bond Fund (low risk, low return). I will just let it grow for 10 years since bond funds are for long term investments.
What will I do with my investment returns in the future? I plan to use it for future travel with my future husband and kids :)
What will I do with my investment returns in the future? I plan to use it for future travel with my future husband and kids :)
