Raffy Pekson II was inspired by one of the financial coaches I also follow, Randell Tiongson. After attending one of Randell's seminars, he featured a new investment program by Banco De Oro (BDO) that makes it easy to save up and start investing.
In a nutshell, the investment plan encourages you to open a BDO savings account where you will base your transactions. If your current company is already using BDO for your payroll account, you may skip this step already and simply enroll your BDO payroll account in the program.
From your BDO account, the program will automatically deduct at least Php 1,000.00 every month. When your accumulated contributions have reached Php 10,000.00, BDO will turn your contributions into a UITF account. From here, you can leave your money to grown in the hands of the BDO Trust Group. For a briefer on what a UITF is, you can read this short explanation by Randell Tiongson.
For more information you can read up on this investment plan on Randell Pekson's blog. But before you start out with that article, you may do well to read his introductory article about his realizations on financial wellness after attending Randell's seminar.
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