Skiddoo Philippines Inc

My Mom’s Investing in the Stock Market

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

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Coaching Sessions with Randell Tiongson in Dubai and Oman

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

Skiddoo Philippines Inc

Is It Bad to Become Rich?

Wealth means great health. Wealth means strong family bonding and happy relationships. It means love, faith, and a positive outlook in life. It also pertains to your business, property, and investments.

Do you enjoy what you have now? Do you take care of your health to enjoy everything you have? Do you spend time, happy time that is, with your spouse, kids, and parents?

Is it really bad to gain wealth? Continue reading Is It Bad to Become Rich?

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Creating Wealth – Smart Personal Finance Habits for OFW’s

I will be hosting a webinar (for those who are not familiar with this jargon, that’s a seminar being conducted online) featuring my fellow blogger and personal finance advocate, Fitz Villafuerte on February 28, 2013 from 3PM to 4PM, Philippine time.

The webinar is the first online project to be conducted in 2013 by the OFW UsapangPiso forum and Angat Pilipinas Coalition for Financial Literacy to provide timely information to our overseas Filipino workers on how to improve their financial lives. We are truly blessed that we have the internet to aid us in our education and for spreading financial literacy to all Filipinos all over the world.

So if you are an OFW, a member of the OFW UsapangPiso forum, or a dependent of one who’s working overseas, then register now for this FREE webinar on how to improve your finances. Continue reading Creating Wealth – Smart Personal Finance Habits for OFW’s

Skiddoo Philippines Inc

How To Convince Your Valentine Date To Invest

So you are still single. And you are a part of the less than 2% of the investing Filipino population, and a staunch advocate at that.

But you are aware that your Valentine date tomorrow is a spender and knows nothing about investing. You are hoping that the ash marked as cross on your forehead this morning will give you discernment and wisdom to finally convince the apple of your eye to learn and decide to invest. (For Christians who attended the Mass or worship services today, Ash Wednesday: Did you just go to the church to be marked with the ash on your forehead?)

You believe it’s your mission to spread the good news of investing. Hallelujah! But how are you going to do that to tomorrow? Continue reading How To Convince Your Valentine Date To Invest

Skiddoo Philippines Inc

Should You Rely Your Retirement on SSS/GSIS Pension Alone?

My grandfather died when I just entered my first year in college. That was a year after he persuaded me to take the scholarship exams entitled to all residents and high school graduates of my mother’s hometown in Pampanga. He was very patient that he even accompanied me throughout the application process. He even waited outside the examination venue until I finished.

The reason? I didn’t know much about the Kapampangan dialect except for “mekeni”, “nanung lagyu mu?”, “ebun”, “masanting”, “maragul”, “manyaman”, and…never mind. 😛 He had to be there for me to be my translator.  To speak the dialect was supposed to be a proof that I am a legitimate half-Kapampangan. A requirement to become eligible for the scholarship. But technically and biologically-speaking, I’m a Batangpangan (BatangueñoKapampangan) born in Manila.

To cut the story short, I passed the scholarship exam and went on to finish college with top honors. I placed 46th…among 55 students. 😛 And I owed everything both to my parents and to my departed grandfather for believing that I could get the scholarship and finish it. Continue reading Should You Rely Your Retirement on SSS/GSIS Pension Alone?

Skiddoo Philippines Inc

I Trade With My Loose Change

If you are an active trader and you happen to read my post on how my stock portfolio looks like, you would say that I’m a very boring investor.

My 3-guard combo stock market strategy is made up of three parts where the biggest part is dedicated to long-term investing. This is where I buy shares from two of my favorite companies: Ayala Land (ALI) and the Philippine Stock Exchange (PSE).

Guess why I chose them for my long-term investing. Cost-averaging for these two companies is like feeding green leafy vegetables for my portfolio’s longevity. 😛

The second biggest part is intended for my medium-term investing which uses the strategic averaging method. For the past few months, I have First Philippine Holdings (FPH), Meralco (MER), and Metro Pacific (MPI) that I buy below prices and continue to buy until target prices are hit. And then sell them all. But I may consider one of them to be part of my long-term investing soon. Continue reading I Trade With My Loose Change

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“I’m Not Sir Cheap” (Time for Rewards)

We were so happy a week ago (January 28, 2013 to be exact) because the Philippine Stock Exchange index rallied to 6,192.42. Remember a week ago when I wrote “While We’re Taking Profits, You’re Still Not Investing”?

Well, where are we now? PSEi reached 6,470.49 today lang naman, Sir Chief fans. That’s 278.07 points up in just a week.

This is to debunk a humorous commenter’s accusation that I’m a miser and I act like Uncle Scrooge for being too stingy as a long-term investor and as a frugal person.Well, guess what? I do celebrate and I am generous. But only if I have the cash.  Just like today. 😛

After all, I allocate one slot in my portfolio for short-term investing/trading. That’s where I get my cash to celebrate. The rest are for medium to long-term investing.

Note: I’m not watching that ABS-CBN soap. My wife does. (Wooshoo!!!) Continue reading “I’m Not Sir Cheap” (Time for Rewards)

Skiddoo Philippines Inc

OFW’s, Protect Your Money This Christmas Season

Quite a number of OFW’s are starting their homecoming (vacation) at this time. Most of them are staying up until Christmas or New Year’s Day. This is also the period and season when OFW’s are the main “target market” of scammers.

So how will an OFW be able to spot a financial scam such as pyramiding and avoid being the next victim while enjoying his or her vacation with loved ones?

Here are a few quick points to remember to protect you, your family, and your money during the Holidays: Continue reading OFW’s, Protect Your Money This Christmas Season