PERSONAL FINANCE 102: WHERE TO PUT YOUR MONEY

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The economy is turning good and the Philippines is still on the investment radar of most international companies and venture capitalist. With this in place, local businesses and small investors are also joining up the bandwagon. Most folks are enjoying their profit in the recent Philippine Stock Exchange boom and it is hitting at 7000 mark last August of this year. 

Although, our government forecast has lowered it to 6.5 - 7% growth on Gross Domestic Product (GDP) with previous forecast of 7.3% for the full year by National Economic Development Authority (NEDA) brought about by the recent natural disasters and uneventful situations. 

People are asking me a lot of questions on where to invest their hard earned money this year and beyond? How much to invest? How much can recover and get their return of income (ROI)?  For me it is an unending process of teaching and advising on where to invest. It depends on their objectives or personal goals in life, their risk appetite and portfolio of investments and financial instruments they intend to create with. 

As a registered financial planner, I give them these advices and what options or alternatives they could give them better decisions with a short period to a long term type of investments available and also give the pros and cons of these types of investments. In the end, these would be beneficial for both us client and financial planner with less compromise when building a client’s portfolio.

An affair to Remember at the Money Summit & Wealth Expo, July 2 & 3, 2010 at the RCBC Plaza

A week ago, I was given the opportunity to attend this event for FREE courtesy of Registered Financial Planners - Institute which was a one true investing your time and mind in terms of gaining knowledge from diverse speakers from entreprenuership, business development, leadership and principles, asset creation and wealth management, salesmanship / marketing training and a lot of more.

It was the best two days of my life in learning new things on expanding my horizon in the near future especially venturing to new businesses giving me the inspiration to pursue those dream without procrastinating it but ready to plan and make it happen in the nearest possible time. The Money Summit and Wealth Expo featured a lot of personalities from different businesses and industries who gave a 40 minute talk to all the participants at the end of lecture they will be asked with lots of questions. Plus it also featured Personal financial education and literacy through short lectures of different people involved in real estate, stock market and global investment funds available in the market.

 

MONEY SUMMIT AND WEALTH EXPO was one true God sent event for me as it refreshed my ideas and awakened again my senses by keeping me motivated again as I embark into the business world in near future. All the shared to all the participants are life-changing and inspiring in keeping up the flame on the torch of entrepreneurial life with the aspirations of most folks in become successful in their lives.

would like to thank Mr. Henry Ong of RFP-Philippines and Heinz Bulos of Money Sense Magazine and Learning Curve, Inc. for this wonderful event.

Copyright 2009 - 2010. PinoyMoneyVantage| Personal Finance Help Philippines

Book Review: Rule # 1 by Phil Town

A few months ago, while attending a free seminar in Investing in Stock Market courtesy of Mr. Juanis Barredo, Vice President of CitisecOnline / Citi Securities, Inc. who introduced us to a lots of concept in this type of investment. It was not a get rich quick scheme but creating awareness on this type of investment where people never had engaged on. He gave us some list of books to read and ponder before going to stock trading until he recommended to us Rule # 1 by Phil Town.

Who is this Phil Town? I never heard of him in my entire life. I became wonder what this author does so I decided to research first before buying this book and eventually went to the closest specialty bookstore like Powerbooks in SM Megamall and was priced at more than a 1,000 pesos for a hardbound. I only need a softbound copy which cost a fraction of that at PhP 695.00 at the nearby National Bookstore. I am happy and content on finding a copy of Phil Town's book.

Before becoming a famous author and investor, Phil Town was a former Special Forces soldier in the U.S. Army who served during the Vietnam war of late 1960s to early 1970s. After his tour in 'Nam, he returned to the United States to find out that many people despise the troops coming home and have unwelcoming remarks due to the anti-war sentiments on that period. With no work and having difficulties adjusting to civilian life, he did odd-jobs at that time until he became a river guide at the Colorado river with a outdoor tour company called Three Rivers (see Video).

RULE # 1: DO NOT LOSE YOUR MONEY! - as what Mr. Phil Town said

A rule that Mr. Phil Town has kept on his mind in a very long time and has been telling the readers ever since the conception of his book, Rule #1. The same principle as what Warren Buffett does.

Understanding first the company that interests you and analyzing their pros and cons in investing in them by establishing the MOAT.

Checking out the internet and find the gems which were thrown to the trash. Markets are harsh but somehow you can find a good find on those companies that can generate income in the future years.

About The How to's of Basic Online Selling and Marketing: Some thoughts and insights.

Recently, I got invited to speak with our organization in Real Estate Broker Association of the Philippines - Pampanga Chapter. I was designated as the Vice President for Management Information System for REBAP. I was a bit excited with sharing again my insights on selling online properties or listing of inventory of real estate in order to give them online exposure which is FREE.

I have been a online seller since 2005 with Real Estate as my focus, I started building website on free hosting sites such as Tripod.com which is under Lycos, Inc. based abroad. The disadvantage on building on free site is that you only have limited storage for up to 20 Megabytes of space so I tried to squeeze and resize most of my pictures and videos or sometimes I get hosted with other image hosting providers which are free then like Flickr.com which was formerly known as Yahoo Photos till 2007, Photobucket, Picturetrail and others available on the internet. Hosting is FREE but there is a downside. An example of this is Photobucket wherein it can host up to 2 Gigabytes of images.

There are alarming number of small time entrepreneurs using the net as a medium in getting their products and services out in the open market through this format. Most of users of Multiply.com are females wherein they comprise of 55% user majority of that free website and blog. I can't imagine how that unknown startup company in the United States become well known after ABS-CBN Global acquired 2% share of the company and plans to acquire 2% again in the next few year. ABS-CBN introduced Multiply.com to Filipino market through use of the multiply format on their top rated show wherein it increase ten folds the previous users.

Last month, Multiply.com already announced that it will support all online sellers who are using their platform and this would be a great news for those small or startup entrepreneurs to make themselves present on cyberspace.

Social Media on the other hand, played a great role in this in creating a totally new network where everyone exist. With Facebook as the number format in all social networking site in the whole world with 900,000,000 people who are members of this site. You can watch this Youtube video I found a few weeks ago which was useful during my recent talk. Come and watch it. Philippines has still more members of Friendster but they are shifting to Facebook nowadays.




Copyright 2009 - PinoyMoneyVantage| Personal Finance Help Philippines

The Think Rich Pinoy Experience

I recently have attended the February 17, 2008 Think Rich Pinoy Seminar at PhilAm Life Building in Ma. Orosa Street, Ermita, Manila. It was an event I cannot forget that changed my life. Wealth building through real estate by flipping foreclosed properties is one shot deal that can generate income for you and your loved ones. There are pros and cons in real estate but this one could get you rich in no time at all.

Dr. Gamboa and others like him have dream of making one million rich Filipinos by 2010. It maybe impossible but with proper attitude and mentoring anyone can be a millionaire by that time. "We do not have to go abroad and keep our country's economy afloat with our skilled OFWs leaving our shores and working hard to both ends meet, we can make entreprenuers of our OFWs as what Dr. Gamboa", said in his statement.

Financial education through real estate and other income generating schemes can arm every Filipinos with the knowledge of wealth building and at the same create passive income for their benefit. The investments made will work for them in no time.

One of the most notable real investor in this type of business was Robert Kiyosaki, author of the Rich Dad, Poor Dad and co-author of other Rich Dad series of books who inspired Dr. Gamboa into this type of business and serves as his inspiration in creating a book called "Think Rich Pinoy". Think Rich Pinoy is an adapted version of the Rich Dad, Poor Dad for Filipinos to understand. The principle of flipping property and its concept are still the same but simplified.

I have read the book since last year and at the same time bought one of his book follow up, Grow Rich Pinoy, which emphasizes on flipping properties with little or no money at all plus with the help of course of rehabbers, lenders and other private investors by using Other People's Money (OPM) concept.


I have met other people who are still in the rat race who want to be investors and entrepreneurs and owning their own business. Dr. Gamboa emphasizes the empowerment of every Filipinos to financial freedom. It was a good thing that I met Dr. Larry Gamboa, Ph.D. himself on the flesh and maybe in the future would be a future franchisee of Think Rich Pinoy.

Copyright 2008-2009 - PinoyMoneyVantage

GO NEGOSYO! - The Entreprenuer Mindset In Us

Fascinated with the inspiration that these small entrepreneurs who became a big name brands in the local consumers market in Pampanga. They did have lots of hardship prior to the beginning but soon their businesses have expanded to higher measures of their businesses and also providing employment and job oppurtunities for the local folks in their community.

I attended the Go Negosyo Road Caravan in Pampanga last November 2007 wherein they featured the famous local Capampangan Entreprenuers. Here are the list of Most Inspiring Pampanga Entrepreneurs:

• Atty. Emmanuel Angeles - Angeles University Foundation
• Jaime Uy - Sentine Development Corporation
• Fatima del Rosario - Sasmuan Delicacies
  
• Jose Bituin - Betis Crafts Inc.
• Prudencio Garcia - Mekeni Food Corporation
  
• Teresa Carlos - Bank of Florida
• Peter Nepomuceno - Angeles Electric Corp.
• Michael Escaler - PASUDECO
• Lolita Hizon - Pampanga's Best
• Ryan Razon - Razon’s
  
• Wilfredo Tan - HausLand Development Corporation

Bren Z. Guiao Convention Center was jampacked from people of all walks of life, from high school and college student, investors, and small time business owners who want to hear, see and learn for themselves how these people have ventured into this type of businesses and industry and inspire themselves to be entrepreneurs of the future in keeping our economy afloat.

In my experience as an entreprenuer, it is hard at first in building your business and planning for the days ahead but somehow you put your sweat, blood and tear in making it work. Once it fly off to success it becomes evident that your goal in life has been finally achieved after all the pain and efforts in putting that business in good running condition.

Copyright 2008-2009 - PinoyMoneyVantage