First, let us determine what bonds really are.
Bonds are a kind of “utang” (loan) by an investor from another individual or entity. It is classified as “fixed” because there is a specified interest rate and a specified maturity date or settlement period.
For example, I will borrow from you a principal amount of Php100 and i promise to pay you after 1 year with a fixed interest of 5%. Which means I will be returning to you an amount of Php105 at the promised (maturity) date after 1 year. Continue reading OFW’s Must Invest in Retail Bonds
You can start to earn or grow your business online by learning how to do it in most effective ways.
My online friend Heinz Bulos and his group Learning Curve will be holding an internet business super conference called WebCamp 2012 on November 28, 2012.
Times are a-changing, as Bob Dylan would sing. Soon, the days of harsh commuting around the Metro will be gone for those who seek to finally just work at home in front of their computer screens. A lot of people are starting to make a lot of “active” money on the Internet. From a decade back, individual netrepreneurs on eBay, Sulit, and Multiply have earned more by selling toys, accessories, or clothes. More bloggers are quitting their day jobs to start earning more online. Continue reading Know The Secrets in Making More Money Online! Join the WebCamp – Internet Business Super Conference 2012
If an OFW wants to put up an online business or start investing in various financial instruments, he has to have a savings account for him to facilitate his transactions efficiently.
However, opening a regular savings account in the Philippines may not be too affordable for an OFW because of high required minimum maintaining balance. Remember that OFWs’ remittances to family members back home are oftentimes consumed to the last drop that leaving at least Php2,000.00 in their bank account may not be possible at all. In fact, if only a Php1.00 coin can be withdrawn from the ATM, their loved ones back home will definitely do it.
So let’s identify what are the most affordable and convenient savings accounts available in the Philippines for OFWs to take advantage of. Continue reading What Are The Most Affordable Savings Accounts to Open for OFWs?
Browsing through the websites of banks, stockbrokers and even some government agencies, you will sometimes encounter a button that says, “Apply Online” or “Open an Account Online”.
Let’s look at some samples of what you may encounter when you decide to open an account.
Continue reading Are Banks and Stockbrokers (and Government) Violating the E-Commerce Law?
Four Types of NERDS
Theoretically, there are four types of nerds in the world:
1) Those who were scammed and are crying in the rain
2) Those who were scammed and pretending they were not
3) Those who are waiting to be scammed
4) And those who HUNT for SCAMMERS
Continue reading I Am Scam Hunter
Once there was a 25-year old man named Kiko (real name withheld for security reasons) who knows nothing about investing but wanted to earn more apart from his monthly salary. He works as a janitor in a small professional firm in Makati.
One night, while doing his routine after-office cleaning, he noticed that one of the computers was left on by one of their employees who probably went off hurriedly for a Friday night gig. Kiko took the chance to browse the internet. (Yes, Fesbuk!)
Continue reading A Janitor Invests in the Stock Market
Let’s settle this thing once and for all.
A lot of accountants think that auditors must do their auditing jobs efficiently. They believe that auditors must do their research assignments first before asking too many non-sense questions in an interview that lasts at least two favorite primetime shows or Koreanovelas.
Continue reading Accountants and Auditors Are Two Different Dinosaur Species
Sorry, I’m not talking about romantic and infatuated love affairs. This is about how distance and the social media played effective roles in building business relationships and serving other people in our recently concluded personal finance and investment literacy seminar held in Singapore.
Continue reading Long-Distance Relationships Can Work (3,961 Miles Away)
There is one popular investment guru and columnist who’s a known hardcore active stock market trader and totally hates the cost-averaging method of investing. One guy posted a comment on the guru’s Twitter account saying that “Cost Averaging” is an effective strategy than having no strategy at all. The popular guru replied, “Doing bad is better than doing nothing at all?”
That’s how he hates “laziness”. That’s how he hates passive investing using the cost averaging method.
Continue reading Your “Laziness” Can Make You Rich…(Wehhh???)