The Ultimate Guide On How To Be A Financial Advisor in the Philippines

Let’s face it, the Financial Industry is a very confusing maze to go to. There are lots of jargons that are really overwhelming – the ticker tapes, bears and bulls, life insurance, stock market, corporate bonds, treasury bills, and really, a whole bunch of them.

The bigger challenge is that we really need to learn about these financial products in order for us to effectively use them in planning and preparing our own personal finances – for our present, and for our future.

One of the few professionals who are actively trying to bridge the gap – from not knowing about financial instruments, to making use of them in enriching an individual’s financial life, are Financial Advisors.

What is a Financial Advisor?

The word “Financial Advisor” is a very broad term – encompassing many professions like bankers, stockbrokers, insurance advisors, and many others that provides “advisory services” to promote the financial products that they are affiliated to.

In this guide, when I refer to Financial Advisors, I’m talking about life insurance agents – and how fascinating, exciting, and fulfilling this profession can be.

Roles of Financial Advisors in the Society

The role of life insurance agents, insurance advisors, financial consultants, or financial advisors, whatever the professionals are called, is to provide solution to a certain need – whether a person/client is conscious about that need or not.

It’s true that many people don’t think that they need life insurance, or don’t think there’s a need to invest. In those situation, the role of a Financial Advisor becomes an educator, a teacher – giving light to an aspect in life that is most of the time neglected until it’s too late to act.

Truth is, Financial Advisors change lives, one client at a time – greatly contributing to a grand advocacy of financial literacy for the Filipino people.

No wonder many doctors, accountants, business people, and other professionals dropped what they do to take on the role of a Financial Advisor full time because of the rewards and fulfilment it bring to one’s life (to themselves and to other people).

What do Financial Advisors Really Do?

Full time Financial Advisors are self-employed professionals. This means that they are not really tied up to an 8 to 5 work week. This also means that financial advisors tend to have different activities individually, but can still be summarised as follows:

1. Reaching and Connecting to people needing the service
2. Meet future clients and conduct Financial Needs Analysis to further diagnose the need and be able to provide the most appropriate solution
3. Assist the implementation of the Financial Plan of the client
4. Monitor the progress of the implementation of the Financial Plan and make adjustments, if necessary.

Reasons Why Some People are Attracted to be a Financial Advisor

Here are some of the reasons why many professionals and business people decide to be a full-time Financial Advisor.

1. The opportunity to meet new people everyday
2. The opportunity to learn different things from other people
3. The freedom to take control of one’s time and be flexible in spending it in enriching the business
4. Endless opportunities in increasing income

It is true that it’s possible to be a part-time financial advisor. But it is really more enjoyable and worthwhile to do it, full time.

Requirements to be a Financial Advisor in the Philippines

Financial Advisors are regulated by the Insurance Commission (IC). To operate as a Financial Advisor here in the Philippines, you’ll need to get a license issued by the IC.

There are two kinds of life insurance license that are issued by the insurance commission.

One is the license to sell Traditional Life Insurance. These are the more “classic” type of life insurance that offers either just life insurance (term insurance) or life insurance with savings (whole life and endowment).

The second license obtained by Life Insurance Advisors is the license to sell Variable Unit Link Insurance, popularly known as VUL. This is the newest type of life insurance that have a built in investment component on it.

Now the question is, what are the requirements to obtain those license and be a Financial Advisor?

Truth is, you’ll just need to be sponsored by a life insurance company and be at least a College Graduate to take the licensing exam.

With that, let’s talk about the whole process on how you can be a Financial Advisor here in the Philippines.

Process to be a Financial Advisor

There are four parties involved in this process. They are:

– You
– The Life Insurance Company that you are applying in
– Your recruiting manager
– The Insurance Commission

In general, the process would flow in this order.

1. You submit your application to a recruiting manager. If you don’t know someone, you may submit your application in this link and we’ll connect you with them.

2. The recruiting manager will review your qualifications and subject you to some personality exams and interviews. Nothing much to note here but to just be yourself.

Each recruiting manager has his/her own standards of people to include in their team. If, by any chance, you were rejected by a specific recruiting manager, you may always try to explore with other recruiting managers.

Most of the time, rejections are due to personality mismatch between applicant and the recruiting manager.

3. Once you have completed the exams and interviews, you will then undergo a training program to prepare you for the licensing exam with the Insurance Commission.

4. Then, you’ll take the actual exam.

In most cases, the reviewers provided by the life insurance company usually corresponds nearly to the content of the exam provided by the Insurance Commission.

That does not guarantee anything though. It’s best to study and prepare yourself well for the exam.

5. After passing the exam, the next part of the process is the contract signing. Generally, this is the stage where compensation package and other monetary benefits are discussed.

Each life insurance company’s benefits will greatly differ though.

6. After contract signing, and once you have met your branch’s minimum requirements, you’ll then be “coded”. Coding is a technical term used to mean that an advisor has been officially entered in the life insurance company’s system.

Once you are coded, you become officially part of the Financial Advisory profession.

However, you should always prove that you deserve that title. You can do that by accumulating as much knowledge as possible and by becoming a credible professional that provides advice that makes sense.

Top Mutual Funds in the Philippines as of January 31, 2016

As of January 31, 2016, the Philippines has a total of 55 active Mutual Fund Companies as per Philippine Investment Fund Association (PIFA).

The Philippine Stock Exchange Index (PSEi) is still not showing a sign of recovery with an indication that it’s nearing a bear market. Nevertheless, if you are a long term investor trying to prepare for your own retirement or for the education of your children with a time frame of beyond 10 years, this is actually a great opportunity to accumulate more shares and invest more.

Philippine Stock Exchange Index

Ups and downs are regular phenomenon in the investing market. If you are just starting out in investing and is already experiencing these downfalls, don’t be disheartened. Again, this is an opportunity that you should take.

Given that, here are how mutual funds perform during January 2016.

Top 5 Equity Funds Based on Year-To-Date (YTD) Return

Fund Name Fund Type NAVPS YTD
1 Philam Strategic Growth Fund, Inc. Equity Fund 480.71 -4.95%
2 ALFM Growth Fund, Inc Equity Fund 233.59 -5.08%
3 PAMI Equity Index Fund, Inc. Equity Fund 44.255 -5.26%
4 Sun Life Prosperity Philippine Stock Index Fund, Inc. Equity Fund 0.8442 -5.36%
5 United Fund, Inc. Equity Fund 2.9583 -5.46%

Top 5 Balanced Funds Based on Year-To-Date (YTD) Return

Fund Name Fund Type NAVPS YTD
1 Cocolife Dollar Fund Builder, Inc. Balanced Fund $0.03541 0.06%
2 NCM Mutual Fund of the Phils., Inc Balanced Fund 1.745 -2.40%
3 Philam Fund, Inc. Balanced Fund 15.5631 -2.64%
4 Bahay Pari Solidaritas Fund, Inc. Balanced Fund 1.9463 -2.71%
5 PAMI Horizon Fund, Inc. Balanced Fund 3.4663 -2.71%

Top 5 Bond Funds Based on Year-To-Date (YTD) Return

Fund Name Fund Type NAVPS YTD
1 Sun Life Prosperity Dollar Abundance Fund, Inc. Bond Fund $2.8803 1.51%
2 Philam Dollar Bond Fund, Inc. Bond Fund $2.1419 1.50%
3 Grepalife Dollar Bond Fund Corp. Bond Fund $1.7315 1.21%
4 PAMI Global Bond Fund, Inc Bond Fund $1.0588 0.97%
5 ALFM Dollar Bond Fund, Inc. Bond Fund $421.33 0.69%

Top 10 Mutual Funds in the Philippines as of January 31, 2016 (5-Year Return)

Fund Name Fund Type NAVPS 5 yr. Return
1 Philequity PSE Index Fund Inc. Equity Fund 4.3591 11.04%
2 Philequity Fund, Inc. Equity Fund 31.7979 10.30%
3 First Metro Save and Learn Fixed Income Fund,Inc. Bond Fund 2.2034 8.44%
4 First Metro Save and Learn Equity Fund,Inc. Equity Fund 4.8636 7.80%
5 ATRAM Dynamic Allocation Fund, Inc. Balanced Fund 1.6681 7.42%
6 Sun Life Prosperity Philippine Equity Fund, Inc. Equity Fund 3.5776 7.39%
7 Bahay Pari Solidaritas Fund, Inc. Balanced Fund 1.9463 7.24%
8 Sun Life of Canada Prosperity Balanced Fund, Inc. Balanced Fund 3.4699 6.51%
9 Philequity Peso Bond Fund, Inc. Bond Fund 3.4583 6.11%
10 Cocolife Fixed Income Fund, Inc. Bond Fund 2.5505 6.07%

2015’s Best Performing Mutual Funds and UITF’s in the Philippines

The year 2015 had been a bumpy ride for investors here in the Philippines. The Philippine Stock Exchange had a great start during the year until it goes down during April like there’s no tomorrow. This perhaps demoralized many new investors in the stock market.

That said, all Mutual Funds and UITFs are greatly affected.

These events, however, highlights one key principle in investing – don’t put your eggs in one basket, also known as Diversification. Diversify not only on fund managers, but on different asset classes as well (invest not only on equity or stock funds, but also on bond or fixed income funds).

PSEi 2015

2015’s Best Mutual Funds in All Category

According to the data coming from the Philippine Investment Fund Association (PIFA), the top performing Mutual Fund Company in the Philippines as for the year 2015 is Cocolife Fixed Income Fund, Inc., making 5.03% for the whole 2015.

This is a fund invested on fixed income securities. Based on it’s November 2015 Fund Fact Sheet, this is how the fund is invested.

Cocolife Fixed Income Fund

10 Top Performing Mutual Funds in all Category for the Year 2015

One thing that we’ll notice in the Top 10 Mutual Funds for 2015 is that there were no Equity Funds the qualified for the list. Yes, equity funds have the highest potential of return and has proved to be bringing the highest returns to investors in the long term. But with all these, we should also be aware that equity funds entails the highest risk of them all. Let’s just not forget that.

Fund Name Fund Type NAVPS YTD Return
1 Cocolife Fixed Income Fund, Inc. Bond Fund 2.542 5.03%
2 ATRAM Total Return Dollar Bond Fund, Inc. Bond Fund $1.0938 2.93%
3 ALFM Dollar Bond Fund, Inc. Bond Fund $418.32 2.47%
4 Cocolife Dollar Fund Builder, Inc. Balanced Fund $0.03539 2.28%
5 Philam Dollar Bond Fund, Inc. Bond Fund $2.1083 1.59%
6 Philequity Dollar Income Fund Inc. Bond Fund $0.0554635 1.58%
7 Sun Life Prosperity Money Market Fund, Inc. Money Market Fund 1.1396 1.28%
8 ALFM Money Market Fund, Inc. Money Market Fund 114.23 1.12%
9 ALFM Peso Bond Fund, Inc. Bond Fund 322.75 1.10%
10 Ekklesia Mutual Fund Inc. Bond Fund 2.0386 0.99%

Now let’s go to the Top UITFs

Now You Can Save & Invest More and Make Even More Money

Personal finance is not just about saving, investing, or getting life insurance.

Before we can have something to save or invest, and before we can have an income to protect, we first have to have disposable income that we can manage. That being said, let’s talk about several ways on how you can create sideline income without compromising your regular source of income.

Be an Online Freelancer

There are various opportunities that you can take advantage online. One of them is to provide a particular service based on your skills as an Online Freelancer.

Being an Online Freelancer, you may provide various services ranging from simple admin tasks like data entry and transcription, to a more specialised tasks like accounting and marketing. Take your pick.

You can do all of these during your free time – making every hour of your time productive.

To do all these, you may take advantage of the services provided by freelance marketplace websites like Upwork.com or Freelancer.com.

Create a Blog and Monetise

One way to make money out of your personal interest and stories is to make money by building your own website/blog.

It is possible to make money from a blog through advertisements, promoting products of different companies, or by building your own digital product.

It’s not FREE, but it will open opportunities like learning marketing and make use of the learning to upgrade your Freelance Skills. You could also have an income-generating asset that will require less work as your active income requires from you.

If you want to learn more on how you can build a blog starting with just $0.01, you may check out this link (use coupon code 1CENT to start building your blog with just $0.01).

Join Direct Sales or Multi-Level Marketing Organisations

I remember the best-selling author Robert Kiyosaki mentioned that MLM as one of the best and easiest way to go into business.

I personally believe that it’s true.

For one, the capital needed to start a Direct Sales and MLM business is not as high compared to starting your own business.

Second, the trainings that these MLM and direct sales companies are invaluable, which are applicable in business and in your day to day life.

Third, you can do this part-time without compromising your regular income, which is the most important thing. You’ll have the security of having a fixed income while trying to earn more through business – and who knows, this could be your major source of income.

Just ensure that before you commit to one, you ensure the legitimacy of the company that you are affiliating with. Also, ensure that you can manage the membership fee that they will be requiring. Don’t go into debt just to have something for the membership fee.

Personal Finance is about managing both Cash Inflows and Outflows

You will hear many financial advisors saying that you should save, invest, and get life insurance. However, some of us are perhaps living in a situation of making ends meet – that the budget is just sufficient just survive.

It’s not enough to just depend on one source of income. Having a variety of sources of income may provide more flexibility on our part, and more opportunities to save and invest for our future.

P.S. I have personal experience on all of these suggestions. If you have questions on how you can start, feel free to post them in the comments section below.

What this Man did the Night Before he Died Changed Their Lives Forever…

Life has always been very playful.

Sometimes things are working out the way you want it to be – fun, active, prosperous, and happy. On one day, everything seems to be very normal and exciting, and there is that one day where everything just snap out, with a flick of a second.

This story shows not only the tragedies occurred to a happy family, but also highlights one of the key characteristics of Life Insurance.

Video Credits: https://www.youtube.com/watch?v=FfSqwgYK7zo

Life Insurance Trivia

Once life insurance applications are signed and paid, the status of that application is temporarily enforced, even if the documents are still to be processed by the Life Insurance Company.

What does this mean?

Even if the application is still being processed, should something happens to the proposed insured, the Life Insurance Company is already liable to the beneficiaries of the life insurance policy. Yes, once you signed and paid your life insurance application, you are already insured.

Great huh!

Top Mutual Funds in the Philippines as of November 30, 2015

As of November 30, 2015, the Philippines has a total of 54 active Mutual Fund Companies as per Philippine Investment Fund Association (PIFA).

Equity funds have declined compared to the results of stock market performance last October. This trend is not unique to mutual funds. The equivalent managed fund UITF is also moving in the same direction as of month ending October.

Balanced funds in general are going down as well compared to the previous month’s performance, comparatively doing better though with equity funds. As we all know, balanced funds are in the moderate risk profile, consisting both stocks and fixed income instruments in the portfolio.

The most profitable market as of November month end is the fixed income market, providing the Bond Funds’ investors a YTD rate of return ranging from 1.55% to 4.57% for the top 5 in the category.

Need more information about Mutual Funds? Check out this podcast session.

Top 5 Equity Funds Year-to-Date

Fund Name Fund Type NAVPS YTD Return
1 United Fund, Inc. Equity Fund 3.1966 -1.70%
2 Philippine Stock Index Fund Corp. Equity Fund 788.1 -2.26%
3 Philequity PSE Index Fund Inc. Equity Fund 4.6841 -2.72%
4 First Metro Save and Learn Equity Fund,Inc. Equity Fund 5.4167 -2.79%
5 ALFM Growth Fund, Inc Equity Fund 250.33 -4.18%

Top 5 Balanced Funds Year-to-Date

Fund Name Fund Type NAVPS YTD
1 Cocolife Dollar Fund Builder, Inc. Balanced Fund $0.03546 2.49%
2 Bahay Pari Solidaritas Fund, Inc. Balanced Fund 2.0174 -0.82%
3 Sun Life Prosperity Dollar Advantage Fund, Inc. Balanced Fund $3.151 -1.76%
4 First Metro Save and Learn Balanced Fund Balanced Fund 2.7497 -1.80%
5 One Wealthy Nation Fund, Inc. Balanced Fund 1.0119 -2.61%

Top 5 Bond Funds Year-to-Date

Fund Name Fund Type NAVPS YTD
1 Cocolife Fixed Income Fund, Inc. Bond Fund 2.5308 4.57%
2 ATRAM Total Return Dollar Bond Fund, Inc. Bond Fund $1.0956 3.10%
3 ALFM Dollar Bond Fund, Inc. Bond Fund $417.65 2.31%
4 Philam Dollar Bond Fund, Inc. Bond Fund $2.1146 1.89%
5 Philequity Dollar Income Fund Inc. Bond Fund $0.0554466 1.55%

Top 10 Mutual Funds in the Philippines as of November 30, 2015 (5-Year Return)

Fund Name Fund Type NAVPS 5 yr. Return
1 Philequity PSE Index Fund Inc. Equity Fund 4.6841 12.52%
2 Philippine Stock Index Fund Corp. Equity Fund 788.1 12%
3 Philequity Fund, Inc. Equity Fund 34.3139 11.98%
4 First Metro Save and Learn Equity Fund,Inc. Equity Fund 5.4167 9.01%
5 NCM Mutual Fund of the Phils., Inc Balanced Fund 1.802 8.92%
6 First Metro Save and Learn Fixed Income Fund,Inc. Bond Fund 2.2091 8.74%
7 Sun Life Prosperity Philippine Equity Fund, Inc. Equity Fund 3.8807 8.73%
8 ATRAM Dynamic Allocation Fund, Inc. Balanced Fund 1.7553 8.09%
10 Bahay Pari Solidaritas Fund, Inc. Balanced Fund 2.0174 7.71%

7 Funny (but Practical) Tips to Maximize Your Savings

I’ve asked Reddit for their opinion on how members think the best way to spend their Christmas Bonuses. Surprisingly, received a funny but practical response from user send_me_more_ram, which is applicable not only for the upcoming holiday seasons, but to the remaining days ahead.

Some of which you might be able to relate. Here they are:

Tips on Where to Spend Your Christmas Bonus

– Pay off debts whether they may be credit card debts, 5/6 debts, or loans from friends/family

– put a portion in long term savings/investments

Tips on Spending Less

1. if you want to spend less, sleep more. Sleep costs nothing and gives you energy. You can also go to your local church and pray or meditate. It’s free and you may get the gods to be in your favor

2. if you want to spend less and want to lose weight? Skip your dinners for 3km walks and go to bed early before the hunger pains kick in. You’ll lose 8lbs per month and save around P1,500-3,000 on the dinners you’ve skipped, and you’ll feel healthier

3. want to spend less on toiletries? Shit in your office or nice mall bathrooms. Always ask for extra tissues at restaurants or food courts

4. want free ketchup? Always ask for extra ketchups at fastfood stores

5. want to save money on overpriced coffees and frappes from starbucks? Just use your imagination that you’re sipping that dark mocha frappe and its cold frappy goodness is making its way down your through. And then just drink a few cold glasses of water. The craving will go away

6. want to save money? Don’t get a bf/gf. If you do get a bf/gf, make sure you don’t make a baby you can’t afford

7. Want to save a ton of money on beauty and cosmetics, just use a regular bar of soap and avoid the sun like the plague. Beauty companies prey on your insecurities. They want you to know and feel that you’re ugly and that you’re not good enough for your crush or SO. Talk to elders in long term relationships and they’ll tell you that character/ugali would matter more in a relationship, if in the off-chance that your are not very blessed with good looks, you can always shut off the lights during sexy times (but you gotta make sure you’re good in bed)

There are lot of things that we do in order for us to save for a specific thing or a specific event in out lives. Nevertheless, we do work hard to get it. On this journey to financial success, let’s continue to learn how we can balance our present lives with the life that we are about to make in the future.

How about you? What tips can you share on how to save money for future use? Please share them in the comment section below.

4 Things That Kobe Bryant’s Retirement Could Teach Us About Personal Finance

If you are an NBA fan, you might have heard the news that one of the living (and playing) legends of the league announced his retirement last Sunday (Nov 29, 2015). Yes, I’m referring to Kobe Bryant. He’ll be playing only until the end of this season and will start facing a new stage of his life – Retirement.

Of course, we’ll not be talking about the Sports angle of this story. Let’s talk about what we can learn from one person’s story of success and perhaps emulate (on a smaller scale maybe) that could lead us to our own journey to Financial Success.

Here it goes…

Attributes to www.ThePlayersTribune.com
Attributes to www.ThePlayersTribune.com

I. We are not capable of working FOREVER.

Yes, walang FOREVER (no such thing as forever). Everything ends.

As the famous ironic quote says “The only constant thing in life is change”. Our mental and emotional state change, or physical ability deteriorates. This means that we cannot work forever. We cannot keep on depending on our active income to support us for the rest of our lives.

Here’s a more dramatic verse from Kobe’s poem ending his career where he earned a total of $680 Million:

You gave a six-year-old boy his Laker dream
And I’ll always love you for it.
But I can’t love you obsessively for much longer.
This season is all I have left to give.
My heart can take the pounding
My mind can handle the grind
But my body knows it’s time to say goodbye.

That’s the reason why we should and understand the second lesson (and take it seriously).

II. Build a second (third, fourth, fifth, etc…) Income Stream

Specifically, “Less-Active” to PASSIVE Income Stream

Knowing that our body will respond and perform differently when we are young compared to an age of more maturity (and seniority), we have to anticipate how we are going to live past the prime of our lives.

CNN reported that Kobe has earned around $680 Million from his 20-year stint at the NBA, majority of which were earned during the last few years as he acquire the “legend” status. Imagine how much he will be giving up by deciding to retire.

However, aside from his basketball career, Kobe do endorsement stints on the side for well-known brands like NIKE. Coming from a very physical and tiring profession, Kobe will still be able make money from less-active projects.

The lesson here is this, while we take our journey to Professional or Entrepreneurial success, we have to build an income stream that will require less energy and less stress compared to what we are currently doing. Everything should be aligning, our physical deterioration with our financial sources – from an active income, to a less active income, and eventually, to a passive income.

III. Invest in your Passion

Successful and happy people tend to do what they love to do, and that’s what we really want to achieve. At the end of the day, it seems that it will fill good to be wealthy, but it definitely feels good to be happy.

I don’t know where Kobe invests all his money, but based on my research, he have investments that are directly or indirectly related to the sport that he loves.

During 2013, he set up Kobe Inc. with the vision of owning and growing brands and ideas that challenge and redefine the sports industry while inspiring the world. I believe Kobe Inc. is a holding company that invests on other businesses (similar to Ayala Corporation, MPIC, amongst others).

The first investment made by the company was a sports drink called BodyArmorJust this 2015, he teamed up with a venture capital firm to invest in the The Player’s Tribune – a popular website that operate in the sports niche.

While we can make money on various ways, be it active, less-active, or passive sources of income, doing something that we really love will makes everything sustainable, since we are more likely to stick to something we love, through thick or thin, than to something we don’t.

My realization is that on the quest to generate less-active income, it could be an opportunity for us to explore the things that we love to do. Even at this point, say we are in a position that we don’t really like our primary source of income, we could always use our leisure time to make our passion profitable.

Easier said than done, but I remember a quote from some videos that I’ve watched that could inspire you anyway, “Version one is always better than version zero”. It just means that doing something, to achieve our passion in this case, is always better than doing nothing.

IV. Diversify

Diversification does not necessarily apply only to investments, but also to source of income.

With a variety of sources of income, we are able to decide freely on what’s best for us. Relying solely on a single income stream could probably lead to frustration and desperations specially if we don’t love what we do.

 

Top Performing UITFs in the Philippines as of November 30, 2015

Here are the Top Performing UITFs in the Philippines from UITF.com.ph as of November 30, 2015.

Top 5 Equity Funds (Year-to-Date)

Bank Fund Name ROI
1 China Banking Corporation CBC EQUITY FUND -0.47%
2 Bank of the Philippine Islands BPI Philippine High Dividend Equity Fund -1.11%
3 Bank of the Philippine Islands BPI Equity Value Fund -1.99%
4 Asia United Bank Equity Investment Trust Fund -3.15%
5 Union Bank UnionBank Dividend Play Equity Portfolio -3.58%

Top 5 Balanced Funds  (Year-to-Date)

Bank Fund Name ROI
1 Philippine Bank of Communications BEST BALANCED FUND 0.67%
2 Robinsons Bank RBank Balanced Fund 0.15%
3 Bank of the Philippine Islands BPI Balanced Fund -0.27%
4 LandBank of the Philippines Growth Fund -0.91%
5 China Banking Corporation CBC BALANCED FUND -1.46%

Top 5 Intermediate Term Bond Funds (Year-to-Date)

Bank Fund Name ROI
1 Union Bank UnionBank Medium Term Fixed Income Portfolio 2.20%
Portfolio Duration: 2.28 year(s) as of 2nd quarter of 2015
2 Union Bank UnionBank Infinity Prime Fund 2.13%
Portfolio Duration: 2.41 year(s) as of 2nd quarter of 2015
3 China Banking Corporation CBC INTERMEDIATE FIXED-INCOME FUND 1.30%
Portfolio Duration: 0.26 year(s) as of 3rd quarter of 2015
4 Bank of the Philippine Islands BPI Premium Bond Fund 0.95%
Portfolio Duration: 1.26 year(s) as of 2nd quarter of 2015
5 EastWest Banking Corporation EastWest Peso Intermediate Term Bond Fund 0.89%
Portfolio Duration: 1.56 year(s) as of 3rd quarter of 2015

Top 5 Medium Term Bond Funds (Year-to-Date)

Bank Fund Name ROI
1 BDO Unibank, Inc. BDO PESO FIXED INCOME FUND 3.08%
Portfolio Duration: 3.10 year(s) as of 3rd quarter of 2015
2 BDO Unibank, Inc. BDO PESO BOND FUND 2.62%
Portfolio Duration: 3.02 year(s) as of 3rd quarter of 2015
3 Union Bank UnionBank Philippine Peso Fixed Income Portfolio 1.94%
Portfolio Duration: 3.97 year(s) as of 2nd quarter of 2015
4 Asia United Bank Peso Investment Trust Fund 1.60%
5 BDO Unibank, Inc. BDO MERIT FUND MEDIUM TERM PORTFOLIO 1.56%
Portfolio Duration: 3.31 year(s) as of 3rd quarter of 2015

Top 5 Long Term Bond Funds (Year-to-Date)

Bank Fund Name ROI
1 AB Capital AB CAPITAL PREMIUM FUND 6.34%
Portfolio Duration: 1.09 year(s) as of 3rd quarter of 2015
2 Union Bank UnionBank Long Term Fixed Income Portfolio 3.38%
Portfolio Duration: 4.44 year(s) as of 2nd quarter of 2015
3 Union Bank UnionBank Tax Exempt Portfolio 2.35%
Portfolio Duration: 2.65 year(s) as of 2nd quarter of 2015
4 Rizal Commercial Banking Corporation RIZAL PESO BOND FUND 0.49%
Portfolio Duration: 3.37 year(s) as of 3rd quarter of 2015
5 Security Bank Corporation SB PESO BOND FUND 0.02%
Portfolio Duration: 7.90 year(s) as of 3rd quarter of 2015

Disclaimer: Past performance is not an indication of future results. There are several risks associated with investing in mutual funds/UITF which are further discussed and enumerated in the fund’s prospectus. Please read the fund’s prospectus before you start investing. 

Three Personal Finance Rockstars in the Philippines that you Should Follow in Social Media

Social Media has been one of the major reasons for the continues growth of Financial Literacy here in the Philippines.

Though I may not have the exact number, but curiosity and interest in managing finances effectively has increased tremendously over the past several years. This is evidenced by various organisations that are popping out trying to further increase awareness of Financial Literacy.

However, with the increasing number of groups/individuals to follow, the question of who’s really the real deal may arise. With that, here are the top four people in my Facebook Newsfeed that I don’t fail to learn something new.

Personal Finance Rockstars

Bo Sanchez (Facebook)

Bo SanchezWith his free ebook My Maid Invests in the Stock Market, the preacher in blue jeans has inspired a lot of Filipinos to invest in the stock market. He somehow erased the idea that the stock market is for the reach only. Upon reading the said ebook, his readers ends up asking, “if his maids can invest in the stock market, why can’t I?”.

Over the years, retail investors in the stock market slowly increase, which really gives hope on our Philippine Stock Market for future enormous growth.

One thing about Bo Sanchez is that he is a Preacher. Nope, he’s not a priest, but a layman who finds his mission to preach the word of the Lord to a surprisingly huge crowd of people who follows his faith organization.

Why follow Bo?

Bo Sanchez’s approach in teaching about money is by integrating it with the teachings of the Holy Bible. I’m not a very religious person, but when I attend The Feast (Bo Sanchez’s weekly Prayer Meeting), discussions about money provides more meaning on a wider universe, rather than the pursuit of it for thyself.

Chinkee Tan (Facebook | Youtube | Viber)

Was once known as one of the “Hawi Boys” of the once popular Randy Santiago, Chinkee Tan offers a story of how life can turn around from poverty to a life of abundance.

Here’s an interview of Korina Sanchez with Chinkee last 2007 for you to learn more about him:

Aside from show business, Chinkee Tan’s background includes coming from the Network Marketing business – such background provided him insights on how to really help people not only on managing money, but also in providing business ideas that helps his audience have something to manage.

One of the things I like about Chinkee Tan is the he is VERY ACTIVE in social media, especially in Facebook. If you are following him at Facebook, you will often receive notifications that he is doing a live broadcast using Facebook Live, sharing some small bits of information that could motivate and inspire people into taking action.

I really appreciate this guy’s energy in trying to uplift the Filipino people the best way he can.

He’s very active in radio broadcasts too. You can hear him talk at Radio 5 early morning on weekends.

Randell Tiongson (Facebook | Viber)

Randell TiongsonThe very first time I encountered Randell Tiongson was when I took the Financial Planning modules conducted by the Registered Financial Planners of the Philippines (RFP) way back in 2010/2011.

Randell’s background was on the Financial Advisory business worked as an Insurance Agent for several years (don’t know exactly how long, but I know it’s a very long and extensive experience). His insights came from various experiences with different people and clients.

He is currently the Director of the RFP Philippines, guiding Financial Planners with the proper pillars of financial planning, which will then be used in guiding their clients, families, and especially, themselves.

Randell regularly posts upcoming seminars of different Personal Finance personalities and leads a Viber Chat (together with some interesting personalities) where we can gain  insights on the world of personal finance.

Of course, these people are my personal choices.

How about you? Who do you like following in Social Media? Please share them in the comment section below.