Investing in Republika ng Pilipinas

The environment here in RP is that of a third world country, which has
more rewards and less restrictions that in the west. But don't be fooled.
Along with that hand and glove are more risks and less protections. One
pitfall that many ex-pats fall into is thinking they are smarter since they
come from a more wealthy place. Trust me. That concept is a sure way
to lose and to lose big time. Dummy corporations and other tricks to try
to own 100% of land or corporations is very much a losing proposition.
Do business outside the rules and your money and even your life are at
risk. Click and read the two links above carefully!

1. High Interest Rural Bank CDs

The banks in RP are divided up by type, such as "Commercial", "Thrift",
and "Rural". The Rural banks are a vehicle for microfinance and are thus
supported in that by the government in several ways. In recognition of the
high risks involved in lending in RP the Court of Appeals has sustained the
legality of the Central Bank Circular 905, which effectively suspended the
imposition of a ceiling on interest on loans. The appellate court's FIrst Division
ruled that the circular, which took effect on Jan. 1, 1993, effectively suspended
the implementation of Commonwealth Act 2655, or the Usury Law, proscribing
the imposition of annual interest higher than 12% for secured and 14% for
unsecured loans. The Rural banks charge 40%-60% per year and are thus well
able to pay interest rates to depositors that would astound normal banks. Make
a point of going to www.pdic.gov.ph and reading up.

There is a Yahoo group about these investments run by David Whitall whose
wife 'Sha Sha' is an agent for the Legacy Group. There is also an an agent,
named, Nestor Y Abello Jr. who is an actual banker. A brochure of his follows:

Five & Six Year deposits are PDIC insured. However there are other vehicles with
even higher returns that are not insured. Feel free to contact me or Nestor to inquire
about those. Click the links to send emails or ring Nestor at the following number.
Nestor: Cell -09204571489 Please do mention my name.

2. Sun Life Canada:

Standard investment vehicles whose performance depepends on ordinary market
factors. See below:

Click on images for full size printable versions

Note that the 106.7% and the 171% refer to diffent time frames.

Note that the YTD results are not as good as the past years. The upper table is
straight investment and the lower table is investment combined with a variable
life insurance policy.

Sun Life Funds' Performance Over Three Years

The above is a table for the investment + Variable Life Plan done for a 55 year old
nonsmoking male.