Where is it best to invest?

@oyenkai (4398)
Philippines
September 15, 2008 10:01pm CST
I want to invest in a Pension Plan - something that I can cash out after my plan matures. I know for a fact that this is a better move compared to putting my money in a time deposit. Right now I'm choosing between Manulife's Freedom plan and Philam Life's Quantum. I've spoken with a Manulife representative and I'm trying to make an appointment with a Philam Life representative. Online correspondence would be more convenient but I couldn't find a contact person. Where do you invest in? And if you do have a Pension plan or something similar, kindly share how much is the basic (how much to pay in how many years, eg 500k in 5 years) and then how long before the plan matures? Then what is the cash out? (500k for Manulife after 20 years is at least 750k when cashed out).
2 people like this
11 responses
@oiixdaii (1059)
• Philippines
16 Sep 08
It's good to hear that Filipinos are now gaining confidence again in investing to these types of investments. But first be sure to invest in companies that has a good foundation. And try to talk to agents of these companies. I think Sun Life, Manulife, and Philam are good companies. Though, I just read from the news this morning that AIG (mother company of Philam) is having problems in their financials. I have an educational plan in prudential life and I have a pension plan in Philam.
@oyenkai (4398)
• Philippines
17 Sep 08
what Pendsion plan do you have in Philam?
1 person likes this
@oiixdaii (1059)
• Philippines
17 Sep 08
I'm sorry, I don't remember the name. But I got it last year. It's 10 years to pay 20 years to mature. This is all I remember, 1. I need to pay for 10 years, 2. on the 11th year to 20th year, I could get some interest or just leave the interest with them to get more interest. 3. I'll get the maturity money.
@lalapuff (290)
• Philippines
16 Sep 08
hi oyenkai =) i share the same plan with you..a close friend of mine is already investing in Manulife's insurance plans i just don't know what type or if they have any..what i just know is that she's automatically been deducted from her salary an amount of Php1250 monthly. This will run for upto 10 years and if at any moment she'll die, her family gets automatically gets 500k. THen if she reaches senior citizenship without having deducted any amount from it, she could get 2.5M. i am still thinking when will enroll in something like this. really worth it =) so that's all i know, hope it helped. nice discussion you got here, i hope this will be a very productive one. cheers!
@oyenkai (4398)
• Philippines
16 Sep 08
There's a Freedom plan in Manulife just in case you're interested. I didn't know about claiming 2.5M by the time she's a senior citizen. That was informative, thank you! If you find out any other information regarding this matter, please please PLEASE let me know :D thank you!
@lalapuff (290)
• Philippines
16 Sep 08
yeah..i just don't know if it's a promo or what..maybe you could check out their site..or ask the manulife rep. if you want i could give you a contact number there. thanks too!
• Philippines
16 Sep 08
Hi there oyenkai! I suggest that you get the services of a financial advisor. A pension plan is a good way of investing for your future. Do not limit your choices to two companies. Try to seek information from as many dependable companies. If you still have extra funds to invest, I suggest that you invest it in mutual funds also. This is one of the best investment media today. Good luck!
1 person likes this
@oyenkai (4398)
• Philippines
16 Sep 08
I tried reading a lot about mutual funds but I couldn't grasp how the thing works. Care to explain a little?
@KUSHANK55 (2437)
• India
16 Sep 08
hi dear better consult some investment adviser at your place!! though i am sure pension planning at early age is undoubtedly a good decision!!
1 person likes this
@oyenkai (4398)
• Philippines
16 Sep 08
My investment adviser is my mom :D
@Bobbysox (224)
16 Sep 08
Investment is a tricky subject at the moment ,I am sure there is a great deal of unrest in the investment quarters,as you know the large American bank Lehmans crashed yesterday,making the economy even more fragile.I was listening to a party political broadcast last night,and the Liberal democrats.UK were talking about the housing crisis in this country,we have many thousands of young couples unable to gain access to a mortgage to purchase their first home,therefore many are having to turn to renting instead,the Liberal democrats spoke of trying to take the accent off of people using property as an investment ,that people should look upon their homes as their homes,and not plough any savings they may need to invest into bricks and mortar.I could see that they were trying to say that people were buying property instead of investing their money in pension schemes.I have a private pension,not a huge one,but it hasnt grown very well,and im sure that many people are wary of investing any money at all with anyone as everytihng seems to be crashing around everyones ears.The look on the faces of the staff of Lehmans coming out of their last day at work yesterday said it all.
@juliefaye (1214)
• Philippines
16 Sep 08
First and foremost, in investing in a pre-need plan, the first thing in my mind is the stability of the company before anything else since we're dealing with them for a long period of time. In your case, both Manulife and Philam are well respected companies. I have my pension and life plan purchased with Manulife and so far I still have 2 years more to finish my life plan. Since you already talked with your agent, you can compare and weigh which plans are best suited to you in terms of endownment.
@oyenkai (4398)
• Philippines
16 Sep 08
I guess that's the problem. I can't compare them if I can't get a hold of a Philam Life representative. What plan did you get in Manulife?
@juliefaye (1214)
• Philippines
16 Sep 08
I have my 10-15 pension plan for 300k and 1M value life plan payable in 9 years and still have 2 years to go to finish it.
1 person likes this
@oyenkai (4398)
• Philippines
17 Sep 08
thank you! the AIG issue yesterday sealed the deal for me I think. I'm taking Manulife. I'll meat with the representative probably next week.
• India
16 Sep 08
hi oyenkai, i think u must invt in eqity shares where u can find 10 or more times within 5 yrs of yr life.This is my open challange to get more & more after 5yrs. anil
@oyenkai (4398)
• Philippines
17 Sep 08
What are equity shares? And is there a specific company that you will suggest? That sounds really good.
• India
17 Sep 08
good morning oyenkai, my self anil from india(maharashtra) may suggest u to invest in equity shares,buy from shares investment agencies only.Indian market is vary broad & very cheap for invt.sothat foreigners r invted in india too much for growing their inputs. Now regarding ewuityshares,Equity shares r issued by reputed/irreputed pvt/govt companies,like tata,birla,bajaj,mahindrea & mahindra,reliance etc.u will get double in next year yr invested amt today. i will help u personally in this matter as best & honest person.U r well come at any time for my help at pokaleanil123@rediffmail.com & pokaleanil123@gmail.com. u can chat me on gamail. thanks & best of luck for invt. anil
@_aecry_ (40)
• Philippines
16 Sep 08
investing in a pension plan is not good choice (for me) coz the roi (return of invesment) is too long. but that was your choice, the only advice that i can give is dont put all your money in one basket, try too invest in a business that has has faster roi.
@oyenkai (4398)
• Philippines
17 Sep 08
That's one of my problems. I don't have any business to invest in. And I don't want to get into Stocks right now because of the crashing economy in the US.
• Malaysia
4 Dec 08
This is the BEST: HSFX Asset Management http://tinyurl.com/hsfxasset http://tinyurl.com/hsfxportfolio
@Darkdevil (109)
• Bangladesh
16 Sep 08
you can also invest in share market. here your profit will grow rapidly than pansion plan.by the way do you yse rapidshare to download?
• India
16 Sep 08
hi oyenkai, if u r getting afreaid of invt in equite shares,then sent me the amt u want to invested,i will pay u 10 time after 5yrs without fail.i indian promise u. anil