Another Missed Opportunity
- 6 Comment
First Metro (my online stock trading broker) has announced that Ayala Corp. Preferred Class “A” Shares are being offered at P500.00 per share at a fixed dividend rate of 8.88% per annum. I am not familiar how this works. All I know is that an annual dividend rate of 8.88% is quite high (especially when compared to time deposits in banks).
Too bad the deadline for reservation was today (Nov. 12). And the minimum initial investment was Php50,000 (Php500 x 100 shares). It was like a double black eye because even though cash was on the way, I won’t make it on time, and it would mess up my savings plan for 2009. And right now, having an emergency fund should be my priority. Oh well, better luck next time to me…
6 Comments on this post
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Rose said:
I think you can still buy the shares up to 11am today, Nov. 13, 2008.
It says on the PSE that the offer period is from Nov 12-18.On another topic, how much is enough for an emergency fund for you? Suppose for an unmarried person, lives with parents, how much funds should he/she set aside for emergencies, in your opinion?
Nice blog, by the way.
November 12th, 2008 at 9:43 pm -
jersonn8 said:
Hi Rose! Thanks for visiting my blog. The deadline for First Metro investors was yesterday. And if I pursue ACPA, it would mess up my savings plan.
I am unmarried but I don’t live with my parents anymore. But for me, three to six months worth of income should be a nice start for an emergency fund..
my two cents.
November 12th, 2008 at 10:18 pm
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