Wealth and Finance

AFPSLAI Dividend Schedule 2021

February 10, 2021 by Ray L. 17 Comments

UPDATE: AFPSLAI Dividend Schedule for 2022 posted! Click here!

UPDATE (7/16/2021): EDA for 2020 has been raised from 9% to 13% per annum. According to AFPSLAI, you’ll get the 3% difference after May 26, 2021. For the first quarter of 2021, the EDA is 14% per annum or 3.5% for that quarter.

While their dividend rates have gone down drastically to around 9% per annum since 2020, AFPSLAI‘s Capital Contribution Account (CCA) is still a very good investment vehicle. I pray that their dividend increases again once the economy recovers.

(Note: The EDA actually increased to 13% p.a. for 2020, and 14% p.a. for the first quarter of 2021. Look at the “Update” section above.)

If you want to avoid the long lines and crowded venue, I recommend getting your dividend a few weeks after the distribution period, and when you do go you should arrive very early. For comparison, if I get there by 8am on release day, my number would be on the hundreds already and my turn would come by 2pm or later. Nowadays, I go there weeks after release and arrive by 7am. If I do that, I can be done by 8:30am or 9am.

Anyway, if you want to look at the AFPSLAI dividend schedule for 2021, you can check it out here!

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[Self-Employed] How to File and Pay for the BIR Annual Fee Online

January 27, 2021 by Ray L. Leave a Comment

Tagalog Version (Click Here)

As a self-employed blogger, I’m required to register with the Bureau of Internal Revenue (BIR) and pay taxes to the government. Aside from issuing receipts and paying my taxes personally, I also need to pay an annual registration fee of P500 (as of Jan. 2021) every year and I have to pay it before the start of February to avoid penalties. If you’re a self-employed individual like me, you’ll need to pay for that too.

When I went to the BIR RDO (Revenue District Office) where I’m registered in order to pay for the registration fee, a very helpful employee told me to file it online using eBIR and either pay for it in their accredited banks, or through GCash. Thankfully, the employee at the front desk taught me what I needed to click on and fill up in the eBIR forms using their 0605 payment form.

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What To Think Of As A Gold Investor

January 23, 2021 by Contributor Leave a Comment

Through the years, people have seen gold not just as a precious metal but a great investment. From the period of ancient civilizations to the modern era of today, the value of gold has been increasing, thereby making it an excellent addition to your diversified investment portfolio.

If you’re planning to invest in gold, there are a few things that you should consider first. Unless you’re an expert already, you need trusted sources of advice for investing in precious metals, such as investingingold.com.

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Gary Ng: 5 Tips For Investing during COVID

December 17, 2020 by Contributor 2 Comments

*Article contributed by Amin.

With the pandemic approaching its tenth month, its effect on the global economy is staggering. Many are unable to pay for rent or mortgages, or just day to day expenses. The threat of Covid-19 is real, as the numbers rise across the nation. Despite the precarious market, there are measures investors can make that will better protect them when the pandemic ends.
Financial entrepreneur and investor Gary Ng offers five sound tips.

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How to Avoid Scams Online: SMS Spoofing and Phishing

September 2, 2020 by Ray L. 2 Comments

Tagalog Version (Click Here)

While I’ve already made a previous article about how to avoid scams online, this version is mostly about phishing and SMS spoofing scams which are becoming more common in the Philippines. If you don’t want to lose thousands or even millions of pesos to those kinds of scams, then keep reading to learn more about them and how to avoid them.

First off, to give you a picture of how phishing scams work, imagine you’re in a mall buying groceries. Suddenly, a “worker from an electric company” comes up to you and asks you for your name, home address, and the keys to your house because they need to “verify things”.

Will you give them your house keys?

You don’t want to? What if they say they’ll cut off your electricity if you refuse? Will you give them your address and house keys then?

Yeah, you probably already know that it’s OBVIOUSLY a scam, but people fall for that kind of thing ONLINE. That is exactly how phishing scams work, but instead of a scammer wearing a fake uniform and fake ID, it’s a text message or an email asking for your password, One-time PINs (OTPs), verification codes, and other important personal information.

Never give anyone your password, PINs, and OTPs as those are the “keys” to your accounts. REAL bank and company employees will never ask for that information, but criminals almost always do.

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