BDO Easy Investment Plan allows a person to set aside a portion of his income from every payday (principle of "paying yourself first"). This discipline aligns us with the principle of assessing our needs vs. our wants. It works on an Auto Debit Arrangement (ADA), thus, providing convenience for its participants (principle of "automatic financial plan").
Each contribution is immediately invested in a Unit Investment Trust Fund (UITF) of his choice (principle of "making money work for you and investing wisely"). He may choose from BDO Peso Fixed Income Fund, BDO Peso Balanced Fund and BDO Equity Fund. Opportunity to earn begins upon first contribution (power of compounding interest will start to work).
The EIP makes investing both affordable and convenient. For as low as PhP1,000.00 per contribution, one can already be an investor. A participant may choose to contribute
* once a month (every 5th, 10th, 15th, 20th, 25th, 30th of the month)
* twice a month (every 5th & 20th, 10th & 25th, or 15th & 30th of the month).
When the scheduled contribution date falls on a weekend, holiday or a non-banking day, the deduction shall be done on the nearest banking day prior to the contribution date. No penalty shall be imposed when the elected BDO CA/SA is unfunded or has insufficient balance on contribution date. The auto-debit arrangement will continue on the next scheduled contribution date.
When the participant's total contributions (in units) in the EIP reach the market value of at least P10,000, these total contribution will graduate from the EIP. The participant will be issued a Confirmation of Participation (COP) and shall be treated as a regular UITF investment. The COP shall be sent to the participant's servicing branch for partcipant's pick up.
The prospective participant can invest via 725 BDO branches nationwide.
What is more exciting is that the participant can monitor the growth (gains or loss) of his investment daily. This is by enrolling his BDO account in the Retail Internet Banking (RIB). Otherwise, for those who already have a COP, the participant can compute it manually my mutiplying the total number of shares found in your COP by the NAVPU for the day which can be viewed at this website www.bdo.com.ph.
In case the participant will be needing cash for emergencies, he can get his contributions from EIP account even before reaching the market value of P10,000. There are two choices. Redemption or Unsubscription.
If the participant opted for withdrawal of funds via redemption, he will be receiving the market value of his investments, less the non-completion fee of 0.50% of the original participation amount. The EIP account will still be active. Hence, on the next scheduled date, the BDO account will continue to be debited.
On the other hand, if the participant opted for unsubscription, the EIP account will be closed once he receive the market value of the investment, net of non-completion fee. The account will no longer be debited.
A non-completion fee is the cost that an investor has to absorb on account of his redemption during the build-up period.
Proceeds of redemption/unsubscription shall be received one (1) banking day (for BDO Fixed Income Fund) and four (4) banking days (for BDO Balanced Fund and BDO Equity Fund) after the notice of redemption in received.
Notice must be received by the EIP servicing branch on or before the cut-off time of 11:00am
BDO Easy Investment Plan is best for individuals who;
* are working hard but never seem to have enough money
* have already planned how they'll spend their money before they get it
* never have anything left to save at the end of a pay period
* oftentimes wonder where their money goes
* can't start to save and invest but know that they need to
* lack the discipline to set aside money on a regular basis
* are willing to save and invest but do not have the time, expertise and facility to do so
* would like to achieve financial independence in the easiest and most convenient way
So, hurry! Visit any BDO branches nearest you and start saving and investing.
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By the way, I'd like to share something with you.
Last year, I read about a maid who invested in the Stock Market who now has more than P800,000!
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God bless!
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Related links: BDO NOMURA, an online stock broker.
