I’m planning to invest in VUL. But still, I also want to invest in mutual funds simultaneously. Is it ok to do this simultaneously? Which has higher return? I’m trying to weigh how much to allocate for both given my limited budget.
I am an OFW for 7 years and wanting to settle in our homelands by venturing into a piggery business. I’d like to plot my business plan so may I know the details you have on costs per piglet, feeds and live weight in slaughter houses. I hope to hear your thoughts on this matter.
Not all loan providers offer this option. But from time to time I encounter this option especially for mortgage / home loans. If Juan is presented such an option and s/he can afford the amortization using diminishing balance, s/he should go for it to save some more on interest payments.
I don’t want to dash your hopes and enthusiasm but in the spirit of transparency, I want you to know that we are no longer into hog raising after our first try. The reason is that we found the ROI small, as such we are focusing on other investments which can give us a higher ROI.
Whatever course you are in right now, your skills, marketability and time are all investments. As such make sure to hone your skills and talents while still in college, such that when you graduate, you either become an sought-for asset to a company, or a young competent leader of your businesses.
In a gist, VUL asks you to commit a monthly payment whether it is for the next 5, 7, 10 or 15 years. During this time, a portion goes to protection by guaranteeing an amount in case the owner dies, suffers disability or critical illness. Further a portion is invested in instruments that work like a Mutual Fund / UITF which grows exponentially over time. This fund is withdrawable for any use, such as eventual retirement, tuition fees, home purchase etc.
For me the time to quit my job is when my passive income stream is already way beyond my monthly wage as an employee. Some also quit their day jobs to focus on growing the business, but if you’re eyeing a piggery start-up, then it may not require full attention from you, especially if you don’t have much experience about it anyway.
Get both! The “or” approach may be stemming from the fact that VUL and investment funds do have some overlaps and maybe you want to avoid the redundancy and the repetition to sort of maximize your investments. But they do have distinct purposes and benefits that the other cannot provide.
It’s good that you’re doing some numbers crunching before you dive into any business. The cost of feeds you quoted is indeed almost twice the price of what we’re getting in Batangas. And at the price we’re getting the feeds in Batangas, the returns were actually thin already (hence I have yet to return to piggery business as of this writing).
I keep my indicators and my system simple because for me, the trick is to use what I understand and what works for me, rather than use too many tools and be stricken by analysis paralysis.