I went out of Odyssey High Conviction Philippine Equity Fund even before the bad news about Philex Mining’s tailings at their Padcal mine broke out. This has caused the NAVPU of the fund to fall dramatically last quarter of last year.

I would suggest to reinvest it to Philippine Stock Index Fund. This is the index fund of the PSE. It’s also a product of BPI. It’s a mutual fund and not a UITF product having a 180 days holding period. The PSE is so bullish right now. It may be subject for market correction but with a long-term view, it is advisable especially if the Philippines gets its much awaited investment-grade credit rating which many analysts predict to happen this year

Google, Bpi Asset Management.

If you want to have all the funds in the Philippines, then look up this web page:

http://www.bloomberg.com/markets/funds/country/philippines/

Happy researching.

If you are happy with my information, say a prayer for me, okay?

Marius de Jess

In the case of our own Bpi, it seems that Bpi tends to charge in some funds more than other banks funds operators charge, because it believes that it is working harder and longer and it believes that it is giving its clients a more dependable product than other operators of funds.

Now, it is an accepted fact that Bpi is a very careful institution which takes very seriously its reputation for being honest and effective, and most important, does not take risky actions at the expense of their clients’ money.

And it has been around for 160 years.

I am still trying to get the big picture and also the details of all these bits and pieces of investments, i.e., making money by putting our money in the hands of other people who know how to make money with our money, yes of course first for themselves and second for us also.

And why should they make money for us, why not just make money for themselves, period.

Because they will end up with a dead business and also behind bars in due time, like the founder/owner/operator of the Legacy rural banks, etc., Celso de los Angeles.

But this dude did make a lot of money, still his last days were sorry ones, and he died of throat cancer recently — therefore no more trouble for him for defrauding gullible depositors of his Legacy rural banks.

Bpi bought the Ing Bank the former owner/operator of the Odyssey funds: so Bpi continues with the Odyssey funds.

Now, it seems that the Odyssey funds were doing all right, that is why one of the reasons namely Bpi bought the Ing Bank.

It’s like this: you buy a business someone else was owning and operating, so you take over also everything that he is operating for better or for worse, but of course you have the idea that in the big picture it is for the better — or you can operate it better.

Just my two cents.

Marius de Jess

Apologies if it is already common knowledge today Jan. 19, 2013: that Bpi does not impose or collect for Bir the 20% tax on uitf fund gain, because the Bir does not enforce it: so it is not taxable I mean the gain from uitf funds.

I am really new in these matters of investments.

Marius de Jess

Thank you!

May God bless you a thousandfold for sharing these informations.

Just want to inquire if investing in Odyssey $ bond fund is ok at this of the year?

I also tried the calculators for ALFM & Odyssey $ Fund, and found out that the Odyssey’s yield is definitely higher. Does it mean its more risky to invest in Odyssey?

Thank you.

I am trying to invest into the odyssey fund. I have a BPI online account but when I subscribe to a fund, I was able to see only 4 funds, all UITF. I don’t see any Odyssey fund. I changed my risk profile and got a score of 155, which means I can invest to aggressive funds type. Still, I don’t see Odyssey funds. Did you have any experience about this? Could you please tell me other ways to invest in Odyssey funds?

Thanks

But you can also implement yung cost averaging strategy. Just invest a fixed amount monthly and i-timing mo sa pagbagsak ng PHISIX.

As for me, I think it’s not yet good to enter in equity funds generally nowadays because stock prices are still high. Wait for bad news that will send stock prices down and that’s when you should enter. Personally, I just redeemed all my units in Odyssey High Conviction Equity Fund that I invested last September 2011. Now is the right time to sell and not to buy. As long as there are issues in Europe, most especially Greek’s impending bankruptcy, chances are that one day, a sharp decline will be experienced by our stock market.