BPI UITF Fees will go UP significantly.

[laboringbro]

@averagedude That's 50% increase in fees. Nakaka-PI talaga since kakasilip ko lang ng fund values and something from 2015 (!) hasn't even recovered. Now seriously considering just pulling out. What a disappointing turn of events.

 

[aybige]

@laboringbro It’s actually 100 percent because it’s x2.

 

[reallysad]

@averagedude Pull out your funds.

 

[resjudicata]

@averagedude Regardless, I would never touch these Feeder Funds. Their management fees is a robbery.

People who are heavily invested on these like to give their money away.

 

[averagedude]

@resjudicata I was fine with paying 0.5-1% for the convenience but now I’m seriously reconsidering.

 

[jackiegat]

@resjudicata Where do you put your money if you’d like to go for index funds?

 

[resjudicata]

@jackiegat Invest directly to the funds they're investing via ETFs. Gotrade or IBKR.

 

[euripetelynn]

@resjudicata Hindi ka ba talo sa exchange rate? Mukhang yan ang advantage sa BPI. Reason lang bakit pass ako sa GoTrade at BPI e mas gusto ko pa din dollar denominated for the long run.

 

[resjudicata]

@euripetelynn Exchange rate won't affect your compounding return while management fees does.

You can play around management fee calculator. As far as I remember, panalo parin si Gotrade, even with exchange rates.

 

[toastylife]

@resjudicata hi, newbie po ako. san po makikita ang management fee calculator? I was seriously considering BPI US Equity Index Feeder Fund at 0.75 trust fee pero since tataas na bukas by 100 percent, I'm reconsidering investing in gotrade nalang. I'd like to know lang how much less money I'll be paying for all the fees and exchange rates in GoTrade compared to BPI. Thank you

 

[robinmoz]

@averagedude That’s why I don’t invest in PH UITFs too much. The banks end up making more thab you do with YOUR money.

You’ll make more doing US ETFs over the long-term. Get a reputable international online broker.

 

[nicole888]

@averagedude Greedy move by BPI.

At least they now allow PhP to USD conversion online, easier for sending to IBKR

 

[maryj]

@nicole888 Can u give me a source for this? Want to know more details about it.

 

[nicole888]

@maryj From their email:

Experience enhanced Foreign Exchange services via BPI Online. You now have the flexibility to buy or sell your US Dollars round the clock, even on holidays, all while enjoying competitive rates.

Plus, earn BPI Rewards Points for every USD 500 that you exchange. Not yet a member of BPI Rewards? Download the VYBE App via the App Store or Google Play.

To know more, visit any BPI branch or open the BPI mobile app: click “Check out BPI shortcuts,” under “Services” go to "Foreign Exchange" and select “Buy US Dollars” or “Sell US Dollars.”

 

[dcjh]

@nicole888 Can you elaborate on this?I thought this is only for USD to PHP.

 

[nicole888]

@dcjh From their email:

Experience enhanced Foreign Exchange services via BPI Online. You now have the flexibility to buy or sell your US Dollars round the clock, even on holidays, all while enjoying competitive rates.

Plus, earn BPI Rewards Points for every USD 500 that you exchange. Not yet a member of BPI Rewards? Download the VYBE App via the App Store or Google Play.

To know more, visit any BPI branch or open the BPI mobile app: click “Check out BPI shortcuts,” under “Services” go to "Foreign Exchange" and select “Buy US Dollars” or “Sell US Dollars.”

 

[dcjh]

@nicole888 Have you tried it? From what I see in their website it only allows for Travel Purposes only.

 

[nicole888]

@dcjh Not yet, I was hoping someone here would try it. The "for travel only" rule is easier to enforce if over the counter though

 

[asmit421]

@averagedude This.

Ang masaklap pa, susunod ang ibang mga banks. If makakalusot ang BPI, they will follow.

 

[churchbuilder]

@averagedude

The PI in in BPI means Putang Ina. |

https://twitter.com/i/web/status/1742404943267647950