Retire Rich: January 2019

Saturday, January 19

PSEi to head higher -- Fund Managers

I received an email coming from COL's Experts Corner about what the Fund Managers insights and outlook on the PSEi this year. I believed all COL account holders may have received the same email.

Well, I would like to share this email to those who will happen to stumble upon this blog -- especially the OFWs and basically those who are based in Kuwait but yet to invest in the stock market.

Below were the Fund Managers words:

"We expect 2019 to be a turnaround year… Inflation has finally been contained... Our year-end fair value for the PSEi is 8,400. If the trade war is finally resolved, we may overshoot this.”

Wilson Sy

Fund Manager, Philequity Management

“We begin the year bullish on equities… We believe that investors will prefer economies that will show higher growth for 2019, which may lead to funds flowing back to emerging markets… Our bull case scenario for the PSEi is 8,776.”

Maria Cristina Gabaldon

Head of Equities, Sun Life Asset Management

“We remain cautiously optimistic on a mild recovery for the PSE… While we are off to a strong start once again, the opportunities are there should we see weakness in the market.”

Martin Enrile

Chief Investment Officer, BPI Investment Management (ALFM)

“FAMI sees opportunities in a market characterized by heightened volatility… Our 2019 investment strategy will position FAMI funds to be resilient to risks.”

John Robert Maniego

Fund Manager, First Metro Asset Management

“We remain optimistic on Philippine stocks for 2019… Our base expectation is for the PSEi to reach the 8,500-point level in 2019 (17.5x P/E ratio) and to continue its course to hit 10,000 points by 2021.”

Phillip Hagedorn

Chief Investment Officer, ATRAM Group

“2019 seems to be a year of recovery and an almost sure bet that it would be a better year than 2018… We look at the PSEi level to be around 8,100 for the year, or about an 8.5% upside.”

Reginald Candelaria

Head of Equities, Philam Asset Management

Now for starters here, you would probably ask how to invest in the Philippine stock market?

Well, I have created a 3-minute clip below regarding the announcement of OFSI (Overseas Filipino Smart Investors) seminar. The seminar aims to provide a guide, advice on how to manage your personal finance. The seminar highlights how to invest in the Philippine Stock Marker (PSE).

So guys if you are interested in this limited opportunity, you may register by clicking the link provided on the description of the below video.

Wednesday, January 9

How to withdraw money from COL Financial online?

Rey Tecson Investing ,

In this tutorial, I will walk you through on how to withdraw money from COL Financial online. Just recently, COL announced the availability of online withdrawal. I tried this feature and I will share with you how to withdraw money from COL financial using the newly added feature -- online withdrawal. Two things you I will show you here. 1. To withdraw money from COL online instead of filling up hard copies of withdrawal form and send to COL. 2. Request to deposit the amount to your enrolled bank directly.

Without further delay, here's how:

Step 1. Log-in to your COL Financial account.

Type the four-digit number, then your COL account number, then your password. Then click log in.

Step 2. In the Home Page, select the Trade tab and then click the Portfolio submenu.

Step 3. In the Portfolio Page click the Withdrawal Request link.

An "Important Reminder" window will pop-up. It is a reminder for you before proceeding with your withdrawal request to make sure that the details of your enrolled bank account are updated. After making sure of the details of enrolled bank account then click the "OK" button.

Step 4. Read the "Terms & Conditions" of online withdrawal and then click the "Accept" button.

Step 5. Fill the online withdrawal request form.

Enter the amount you wanted to withdraw.
Select "Yes" to deposit the intended amount to withdraw to your enrolled bank account. Another window will pop-up to let you confirm the enrolled bank account details. Click "Confirm" and then click the "Submit" button.
Select "No" for Check pick-up.
Select "No" for Uncross Check.
Select "No" for withdrawal through a Representative. It is obvious to select No as we intend to let COL deposit the money directly to your enrolled bank account.

Step 6. After completing the five sub-steps in Step 5, click "Submit" button.

After completing the above steps, you will be able to find the status of your withdrawal by clicking the withdrawal status links as shown below.

Note that the proceeds of the stock sale of the day -- withdrawal will be processed only after three trading days (t+3).

Retire Rich