Most newbie investors (and some senior traders alike) still have this fear that their investments are not protected in case their stockbroker shuts down its operations.
Is there really no equivalent to the bank’s PDIC or Philippine Deposit Insurance Corp. which insures the stock traders and investors should there be a judicial declaration of insolvency or closure of a stockbroker? Continue reading What Happens To My Stocks (and CASH!) if My Stockbroker’s Gone Broke?
My mother used to work as a clerk for a Chinese businessman in Binondo back in the early 70’s when she was still single. But she decided to stop working when she met my father until they got married in 1975. Given the very short time that she spent for working, she did not get to contribute that much for her Social Security.
Fast forward to 2012, my mother asked me if she could continue to contribute to SSS so that she could receive the pension when she reaches her retirement age. After giving her a computation on how much (little) she could get from SSS, I convinced her that she should not rely her retirement years from SSS alone.
In fact I told her that it would be better to allocate a portion of the money I’m giving her on a monthly basis and the profit she is getting from her small business of made-to-order delicacies to invest in the stock market.
And so she did in December 2012. Continue reading My Mom’s Investing in the Stock Market
OFW’s based in Dubai, UAE and Muscat, Oman will get to experience the passion and wisdom of personal finance guru Randell Tiongson this coming March.
His 2013 Middle East gig is actually organized by our friends from Ayala Land, Inc. as part of the grand launching of their new branch office in Dubai and for a property exhibit in Muscat.
Randell asked me to invite OFW friends and members of the OFW UsapangPiso Forum based in Dubai and Muscat to attend the Ayala Land events and grab the opportunity to learn about proper financial planning and how to manage and grow their money. Continue reading Coaching Sessions with Randell Tiongson in Dubai and Oman