Last month, the government issued its latest 3 and 5 years RTB or retail treasury bills since it started doing so in 2001.
RTBs, according to www.mart.com.ph, are direct and unconditional obligations of the national government which primarily caters to the retail market or the end-users. The last issue's rates are 6.875% for the 3-year, and 7.125% for the 5-year. Not bad right? Yes, not bad compared to, say, time deposit rate. But compared to my 43% gain in BKD for holding it in just 45 days, THAT rate is very bad.
Source: http://www.mart.com.ph/rtb.php
The following links have some information on RTBs:
1. http://www.alliedbank.com.ph/insidesection.php?secid=193&secpid=1&level=2
2. http://www.asiatrustbank.com/Products_dtl.asp?cCat=1&cProdID=28
3. http://www.firstmetro.com.ph/news-releases/FMIC%20and%20BPI%20Raised%20P77.html
4. http://business.inquirer.net/money/breakingnews/view_article.php?article_id=78594
i am an amateur investor, though i have been dabbling in the stock and other financial markets, well, they were all dabbling.
now, that i have decided to utilize the financial markets to help me earn my millions, mind you, it's in $$$ not in PPP, :)
as you visit my site, please let me know what you think about my posts' contents or the lack of it. you may leave such thoughts in the comments' box or let me know by email at amgaspar20@yahoo.com. i thank my sponsors, too.
Wednesday, August 22, 2007
Alternative Investment Vehicle
Posted by An aspiring millionaire at 1:31 PM
Labels: BKD, investments, RTB, treasury bill
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