Investopinoy

Investing and the Filipino

Reviving this Blog after Two Years

Posted by tagabacolod on January 13, 2011

It has been two years since my last post and a lot of things has happened in between!🙂

Now, I am planning to revive this blog of mine and update it from time to time.

Since I started investing in mutual funds in 2007, I have slowly built my portfolio with the small earnings I have as a regular employee.

In 2009, I started dabbling in stocks through Citiseconline. I’ve had ups and downs but the experience is very rewarding. Profits were made and losses were taken in. It was a hands on learning experience.🙂

That same year, I purchased my first piece of land on this earth! Haha! It’s nothing spectacular, but hey, land is still land.

In 2010, I mellowed a bit, and just added another MF in my portfolio. This time, Philequity. Then, remember in 2008, I was one of those people whose rural bank folded? Well, I filed claims in PDIC, and so far, I have received more than 75% of my total deposit.🙂 Though one has to be very patient, PDIC really does give your deposits back. Kudos!

Now, in 2011, I still do not know what’s in store.🙂 We’ll see.

Posted in others, personal finance | 5 Comments »

How to File Claims from PDIC

Posted by tagabacolod on January 24, 2009

My rural bank closed.

So, I am posting this. I know a lot of rural banks have folded lately.

This was taken directly from the PDIC website.

Advice: Make sure you bring/submit all the requirements for speedy transactions. You wouldn’t want to go there and waste your time because you forgot to bring, say, a proper ID.

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HOW TO FILE CLAIMS
WHERE

Claims may be filed with PDIC either:

1. Personally, in the premises of the closed bank where the deposit account was maintained or a site where the closed bank was transferred by the bank’s Receiver, or at the PDIC Claims Counter located at PDIC Ayala Extension Office, SSS Building, corner V.A. Rufino St., (formerly Herrera St.), Makati City.
2. Through mail, addressed to:
The Assistant Vice President, Claims Processing Deparment
Philippine Deposit Insurance Corporation
2228 Chino Roces Avenue
1231 Makati City, Philippines

STEPS IN FILING CLAIMS :
A. Personal Filing

1. Secure a Claim Form from any authorized PDIC representative. The PDIC E-Claim Form in the PDIC website may be used only if claim is to be filed through mail.

2. Fill up all the three (3) copies of the claim form and sign the “Signature of Depositor/Claimant over Printed Name” under the “To be accomplished by the Depositor/Claimant” portion in the Claim Form. Ensure that the signature in the claim form tallies with the signature of the depositor at the bank upon opening of the account. For a claim filed by a representative, a duly notarized Special Power of Attorney should be submitted. If the Special Power of Attorney is executed abroad, the same must be duly authenticated by the Philippine Consul near the residence of the depositor.

3. Submit the accomplished claim form, together with the original evidence of deposit (such as savings passbook, certificate of time deposit, ATM card, unused checks and bank statement), and two (2) valid identification documents (IDs). Valid IDs include SSS/GSIS ID, PRC License, Driver’s License, Senior Citizens ID, Passport, Company ID/School ID, TIN/Philhealth ID, Voter’s ID/Affidavit. If the claim is filed by the depositor’s representative, the same requirements are necessary.

4. Wait for your name to be called by the PDIC representative either to receive payment of your insured deposit from the PDIC Disbursing Officer or to be informed as to when you may proceed to the Transferee Bank to claim payment. Sign the Acknowledgement Receipt portion of the claim form following receipt of payment. If your deposit is in excess of the maximum statutory limit of P 250,000.00, the PDIC Disbursing Officer/Transferee Bank teller will return to you your evidence of deposit which you will use to claim your uninsured deposit with the deputy liquidator of the bank during liquidation stage.

5. If your claim is not due for payment, PDIC representatives will inform you of additional documentary requirements and/or status of your claim. A claims status sheet shall be issued which shall serve as your first notice of the status of your claim. A claim stub (the triplicate copy of the claim form) will be given to you which you will submit together with two (2) valid IDs once claim is ready for payment.

B. Filing Through Mail

1. Secure a claim form through any of the following (a) by downloading the E-Claim Form from the PDIC website (www.pdic.gov.ph), (b) from an authorized PDIC representative stationed at the closed bank or a site where the closed bank was transferred by the bank’s Receiver, or (c) at the PDIC Claims Counter located at PDIC Ayala Extension Office, SSS Building, cor. V.A. Rufino St. (formerly Herrera St.) and Ayala Avenue, Makati City.

2. Fill up all the three (3) copies of the claim form and sign the “Signature of Depositor/Claimant over Printed Name” under the “ To be accomplished by the depositor/claimant” portion in the claim form. Ensure that the signature in the claim form tallies with the signature of the depositor at the bank upon opening of the account. For a claim filed by a representative, a duly notarized Special Power of Attorney should be submitted. If the Special Power of Attorney is executed abroad, the same must be duly authenticated by the Philippine Consul near the residence of the depositor.

3. Send the accomplished claim form together with the claim stub (triplicate copy of the claim form) and the original evidence of deposit (such as savings passbook, certificate of time deposit, ATM card, unused checks and bank statement) and legible copies of (2) valid identification documents (IDs). Valid IDs include SSS/GSIS ID, PRC License, Driver’s License, Senior Citizens ID, Passport, Company ID/School ID, TIN/Philhealth ID, Voter’s ID/Affidavit, which shall be sent to :

The Assistant Vice President, Claims Processing Department
Philippine Deposit Insurance Corporation
2228 Chino Roces Avenue
1231 Makati City, Philippines

If the claim is filed by the depositor’s representative, the same requirements are necessary.

4. Payment of your insured deposit through check shall be sent to you by registered mail at your present address indicated in the claim form. If your deposit is in excess of the maximum statutory limit of P 250,000.00, your evidence of deposit, which you will use to claim your uninsured deposit with the deputy liquidator of the bank during liquidation stage, shall be returned to you.

5. If your claim is not due for payment, PDIC will inform you of any additional documentary requirements and/or the status of your claim.


HOW TO FOLLOW UP PENDING CLAIMS

1. Telephone inquiry by calling the Claims Processing Department at 841-4604 up to 4607.

2. Written communication addressed to:
The Assistant Vice President, Claims Processing Deparment
Philippine Deposit Insurance Corporation
2228 Chino Roces Avenue
1231 Makati City, Philippines

3. Inquiry in person at the premises of the closed bank, or at the site where the closed bank was transferred or at the :
PDIC Ayala Extension Office
6th Floor, SSS Building
V.A. Rufino St. (formerly Herrera St.) cor. Ayala Avenue, Makati City, Philippines

When inquiring by telephone or letter, ensure that the following reference information are mentioned:
1. name of the closed bank;
2. name of the depositor; and
3. claim number which is found on the upper right hand corner of the claim stub.

Posted in advice, money | Tagged: , , , , , , , , , | 8 Comments »

Barack Obama Inauguration Live Feed from MSNBC

Posted by tagabacolod on January 20, 2009

HERE

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Philippine Holidays 2009

Posted by tagabacolod on January 11, 2009

As stated in Proclamation 1699, these are the holidays to be observed throughout the country for the year 2009. The national holiday for the observance of Fitr is yet to be announced.

A. Regular Holidays

April 6 – Araw ng Kagitingan (Monday nearest to April 9)
April 9 – Holy Thursday
April 10 – Good Friday
May 1 – Labor Day (Friday)
June 12 – Independence Day (Friday)
August 31 – National Heroes Day (Monday)
November 30 – Bonifacio Day (Monday)
December 25 – Christmas Day (Friday)
December 30 – Rizal Day
B. Special Non-Working Holidays

August 21 – Ninoy Aquino Day (Friday)
November 2 – Additional special (non-working) day (Monday)
December 24 – Additional special (non-working) day (Thursday)
December 31 – Last Day of the Year (Thursday)

Posted in events, others | Tagged: , , , , , , | 1 Comment »

Christmas Bazaar Schedules 2008

Posted by tagabacolod on November 12, 2008

Here are some bazaars we could check out this Christmas season.

  • Cubao Expo Holiday Weekend Bazaar

Cubao Expo (Formerly the Marikina Shoe Expo), Gen. Romulo St., Araneta Cubao Center, Quezon City
November 8, 3pm – 11pm (Saturday)
November 15, 3pm – 11pm  (Saturday)
November 22, 3pm – 11pm   (Saturday)
November 29, 3pm – 11pm   (Saturday)
December 6, Saturday (3pm – 11pm) & 7, Sunday (10am – 6pm)
December 13, Saturday (3pm – 11pm) & 14, Sunday (10am – 6pm)
December 18 to 24 (Thursday to Wednesday), 2pm – 10pm

  • Christmas Wish Bazaar (Makati Sports Club)

Makati Sports Club, Leviste St. cor. Gallardo St., Salcedo Village, Makati City
November 28 & 29, Friday – Saturday (8am – 9pm)

  • 17th St. James the Great Bazaar 2008

St. James the Great Parking Lot / Cuenca Park, Ayala Alabang Village, Alabang, Muntinlupa City
November 29 to December 1, Saturday to Monday

  • The 7th World Bazaar Festival (Worldbex)

World Trade Center, Pasay City
December 5 – 16, Friday – Tuesday

  • 8th Noel Discovery Bazaar and Christmas Shopping Expo

World Trade Center, Pasay City
November 26 – 30 (Wednesday – Sunday)
December 19 – 21 (Friday – Sunday)

  • The Network for Enterprising Women Bazaar

Mandarin Suites, 4th Flr Gateway Mall, Araneta Center, Cubao, Quezon City
November 15 & 16 and December 6 & 7, Saturday – Sunday (10am – 8pm)

  • Grand Bazaar @ the Big Tent

The Big Tent, Holy Spirit Drive, Don Antonio, Commonwealth Ave., Quezon City
November 15-16, 29-30 (10am – 9pm)
December 6-7, 13-14 (10am – 9pm)

  • Karl Edwards Bazaar

NBC Tent in Fort Bonifacio, Taguig
November 3-4, 10-11, 17-18, 24-25 (10am – )
December 1-2, 8-9, 15-23 (10am – )

  • Big Blue Bazaar (Ateneo Management Engineering Association)

La Vista Clubhouse, La Vista Subdivision, Katipunan Avenue, Quezon City
November 22-23 (9am – 7pm)

  • Pamaskong Handog II Christmas Bazaar

Mini Trade Hall, Festival Supermall, Filinvest Corporate City Alabang, Muntinlupa City
December 2-10 (mall hours)

Posted in events, spending | Tagged: , , , , , , , , , , , | 6 Comments »

Lehman Brothers Collapse (ITN News Video)

Posted by tagabacolod on September 15, 2008

As all of these were happening, I was busy hiking up a mountain.

———————————————————————————–

I am an employee and I really felt sad seeing those people carrying their boxes out, finding themselves suddenly unemployed. “There is no such thing as a “secure” job”, they say, and really, this statement once again hits the nail on the head, as one of the largest investment companies folded.

After hearing the news, I got scared at first, but more than that, it gave me some kind of a boost on reaching my (financial) goals faster. I can do this.

Here’s the youtube clip by ITN News:

All video credits: itnnews channel

Posted in news | Tagged: , , , , , , | 2 Comments »

The Sky is Falling

Posted by tagabacolod on July 15, 2008

This is how my Equity Mutual Fund weekly report looked like. Coupled with the stratospheric increase in inflation, this figure just screams, “You’re doomed!”

Am I?

Redeeming is out of the question. Bank interests are second to nil.

At times like these, what options do I have?

Advice, anyone?

Posted in advice, investment, mutual fund | Tagged: , , , , , , , | Leave a Comment »

Would you buy a $260,150 handbag?

Posted by tagabacolod on June 13, 2008

Even if I have all the money in this world, I just know, I wouldn’t.

According to Forbes magazine, this handbag is the priciest of them all. (Well, at least, for now.)

Chanel’s “Diamond Forever” handbag is more like a collector’s item than a bag really. The C’s are peppered with 334 diamonds set in 18-k white gold. The alligator skin is matte-finished.

But man! $260,150? I could feed thousands with that kind of money.

Posted in others, spending | Tagged: , , | 1 Comment »

My Mutual Fund – First Metro Save and Learn Equity Fund – 3

Posted by tagabacolod on June 12, 2008

It’s been long since I last posted. I am now in Japan so I haven’t made any transactions with First Metro.

Anyway, stocks are getting a beating nowadays, so I was doing my ‘strategizing’ (in my newbie kind of way) on what to during these low times. Finally, after some thought, I decided to just stick it out and ‘forget’ about my investment. Yes. Forget. For the time being.

Why? Well, the logic here is really very simple. Humans are born emotional, and when it comes with their hard-earned money, the emotions spikes up to double, triple, or even a hundred fold! And guess what’s bad for your investment? Yep. Emotions.

So, as what most couples do to heal themselves during a break-ups, they forget, or at least try to forget. Then, after some time, when everything has settled, life becomes pink again.

I’d like to think of my relationship with investing as such. No rash actions. I just have to calm my thoughts and wait patiently until I make my next move.

—-

By the way, First Metro has a new website up and running. Their old site (www.fami.com.ph) has a dead link, I thing. Here’s the new site: http://www.firstmetrofunds.com.ph

Posted in advice, investment, mutual fund, personal finance, savings | Tagged: , , , , , | 2 Comments »