Skiddoo Philippines Inc

Top 10 Money Tips for OFWs on Christmas Vacation

With Christmas less than two weeks away, more and more of our kababayans are coming home to spend the holidays with their families. After living and working abroad with little to no family with them, returning home for the holidays is a much-awaited homecoming for overseas Filipino workers (OFWs). From balikbayan boxes filled to the brim and nightly reunions, the Christmas holidays is a grand celebrations for OFWs, and an expensive one. Continue reading Top 10 Money Tips for OFWs on Christmas Vacation

Skiddoo Philippines Inc

Press Release: Money Matters Focus of Klik Books Event

Experts agree that the Philippine economy is looking good. However, no amount of direct investments, infrastructure boom, or low inflation would instantly improve everyone’s money situation. Most Filipinos need to learn how to start planting seeds of wealth now to experience the difference.

KlikLaunch

Klik Books, a new imprint by PageJump, together with many advocacy groups for financial literacy rise up to the challenge. Financial literacy is the common theme of its two titles to be launched on October. 23. Klik Books aims to deliver otherwise dry concepts with humor and engaging design. The imprint aims to popularize technical topics in the Filipino language to reach a wider audience.

To be formally presented is the book Bidang Misis: Paano Tutugon sa Paghamon Habang OFW si Mister by Gitte Quintos. The self-help book delves into the common experiences of OFW families from the point of view of wives and mothers, who are naturally the treasurers of remittances. The book has an introduction by Vice President Leni Robredo.

Also featured is The Adventures of Pepot Kuripot and Dora Gastadora by Burn Gutierrez and Des Feliciano. The illustrated book captures every Pinoy’s money situation in a funny yet very instructive way. “Through this comic book, financial literacy has been made more understandable and enjoyable. Bravo!,” says preacher and entrepreneur Bo Sanchez of the book.

During the launch, the authors will discuss how financial literacy among various sectors of society can be more engaging and meaningful to our countrymen. The event will be held on October 23, 2 to 4 p.m., at Megatrade Hall in SM Megamall. Among the launch partners are LBC and TV5’s OFW TV. For more information, please email projects@pagejumpmedia.com.

**Press Release | Contact: Ma. Margarita Culala, +639396112305

Skiddoo Philippines Inc

Press Release: Join The 2nd Angat Pilipinas Financial Literacy Awards!

Be among the privileged Filipinos to witness this year’s winners of the Influential Author, Money Blogger, Advocacy Group/Partner, Institution, and OFW Advocate of the Year awards!

with live performances by neo-ethnic band Talahib,
the VoicePH finalist Darryl Shy, spoken word+poetry+music artists from Romancing Venus (featuring Kooky Tuason, Marty Tengco, Cecil Artates and Caren Tevanny),
singer-songwriter Acel Bisa van Ommen, and DJ Kyle Garon!

also featuring Mike Grogan, Jojy Azurin, Fitz Villafuerte, Ace Gapuz, Alvin Ang, Henry Ong, Dean Pax Lapid, Rose Fres Fausto, Rex Mendoza, Susan Ople, Ardy Roberto, Miriam Quiambao, and a whole lot of finance and investment personalities!

Click here to grab your tickets NOW!!

Hosted by EntrepChamp Paulo Tibig, Kassy Pajarillo, and Trix Esguerra

September 24, 6pm to 10pm
at the Asian Institute of Management in Makati City

2x5ft-banner-tarp

See you there!!

We would like to thank the following:

CO-PRESENTER:
Manila Workshops

OFFICIAL VENUE PARTNER:
Asian Institute of Management (AIM)

IN PARTNERSHIP WITH:
Truly Rich Club
Real Estate Maven
Klimex Capital Markets

SPECIAL THANKS TO:
Sta. Lucia Land
David’s Salon
COLmeJoey
Philcrowd Nutriwealth Multi-Purpose Cooperative
ForeclosurePhilippines.com
International Philippine School in Al Khobar
Jesus the Risen Savior School-DeLa Salle Accredited
RockToRiches

MEDIA PARTNERS:
Philippine Star
Radyo5 92.3 FM
Radio Republic
BlogWatch.ph

Want to be a sponsor or a partner?
Email us at angatpilipinasFL@gmail.com or visit AngatPH Awards Sponsorship Page

Click here to grab your tickets NOW!!

**Proceeds from this event will benefit the financial literacy and social entrepreneurship mission of Angat Pilipinas Coalition to public schools and poor communities around the Philippines.

Skiddoo Philippines Inc

Do You Want To Get Started With Real Estate Investing?

I know it’s not easy. I’ve been there, done that. I failed a lot but finally learned how to do it the right way.

So how do you start investing in real estate?

The HOW TO BUY FORECLOSED PROPERTIES training is the most complete step-by-step training that tells you exactly how to find, buy, renovate, and profit from foreclosed properties.

No hype, no fluff, no kidding!

Yes, this is literally a step-by-step where my friend Jay Castillo will teach you everything you need to actually do this.

JayCastillo

The HOW TO BUY FORECLOSED PROPERTIES online training includes:

  • Access and login 24/7 – All course materials are online so you can login to access the content anytime from your computer, tablet, or smartphone
  • 10 Step-By-Step Modules that will take you through the whole process of buying and profiting from a foreclosed property
  • Bonus #1: Unlimited access to Q and A webinar sessions
  • Bonus #2: Lifetime access to the online training
  • Bonus #3: Platinum Membership (download rights for all video/audio)

Note: Bonuses are limited to first 100 to enroll. (Only 67 slots remain as of August 25, 2016) -As soon as you enroll, you will get immediate access (via user name and password) to the first module. The next modules will be released on a weekly basis. All unlocked modules can be accessed anytime.

-Training content is available in video + slides (.MP4), audio download (.MP3), slides (.PDF), and spreadsheets (.XLS). Live Q and A sessions will be done through webinars (with recorded replays).

-With 30-day money back guarantee!

Click here and ENROLL NOW! 

Skiddoo Philippines Inc

What Happens If You Don’t Pay Your Debts?

Being unable to pay your debts will reflect negatively on your credit history, making it tough to take out loans in the future. It is important to keep in mind that once you decide to borrow from any lender, you take yourself to be responsible enough to pay your debts on time.

Applying for loans may be tricky but if we engage ourselves with the following scenarios, we will be able to pick up some tips on how to properly manage finances.

Here we have Pedro. He took out a loan for the latest rose-gold tablet. Eventually, he quit his job because he couldn’t tear himself from watching the latest episode of his favorite TV series. Because he was inactively seeking for a job, he found himself facing a problem – not having the money to pay the debt for his loan.

Here is what will happen to Pedro in the next months if he doesn’t sell his tablet or find work to pay off his loan.

Credit1

Of course, it is fair to say that not all who fail to pay their debts are irresponsible just like Pedro. They can be reliable borrowers, but unforeseen circumstances such as an illness or death in the family can make it difficult or impossible to repay a loan on time. But regardless of whether one is a “Pedro” or not, the consequences of not paying a loan are the same. Let’s take a look.

We will go through 5 stages with Pedro. Within each stage, his debt will grow along with the risks of saying goodbye to his rose-gold tablet. Pedro may be confident that his health and life are not under threat because he took out a loan from a legal lender so the collection process will flow according to the law where collectors will not beat him, shout at him, or kidnap him.

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Stage 1: Pre-collection. Before the due date.

The lender politely reminds Pedro that he has a due date, ensuring him to avoid delayed posting of his payment and the undesired additional charges as a consequence of being past due.

Timing: 1 – 10 days before the due date.

Charges: None.

Worst thing about it: If the lender will not succeed in getting in touch with Pedro, he will miss the due date, pay the fee, and create a negative impact on his credit record.

How to prevent it: Pay before any reminders.

In case it happens: Pay on time as advised by the lender.

 

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Stage 2: Telephone collection. After the due date.

On the 6th season of his favorite TV series, Pedro goes past his due date. The lender is concerned about Pedro and tries to get in touch with him through calls, SMS, letters, e-mails, and even Viber. The lender wants to know what happened so he could find a solution.

Timing: Depends on the lender. Usually ranges from 1 to 60 days after the due date.

Charges: Depends on the contract. Sometimes, it is a fixed amount of Php 200 – 600 per month or a 7 to 10% interest of the amount due.

Worst thing about it: It results to a negative impact on the credit record. This will also prohibit Pedro from taking out another loan in the future. Because Pedro doesn’t pick up the phone and doesn’t pay, the worried lender will be calling his referred relatives, friends, and his employer, not disclosing any information about the debt to the third parties. But since Pedro’s former boss and colleagues, neighbor, or even his mother-in-law start receiving calls from the lending company, they might start suspecting him of having debts.

How to prevent it: Pay on time or proactively warn the lender about the payment delay. Some lenders may be considerate, which means they will stop calling for some time, offer a repayment schedule, or even waive the penalties.

In case it happens: Pay the debt or get in touch with the lender to find a solution as soon as possible. Pedro should be fair and should not give empty promises. If he promises to pay on the next day, the operator will note this in the system. If the payment is not settled, Pedro will automatically end up on the blacklist. As an option, Pedro may pay as much as he can. It will not prevent the calls but at least he will maintain his white-listed status.

 

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Stage 3: Face-to-face collection.

Since Pedro is not picking up calls from the lender, the situation has gotten worse. The lender’s field collections officers have come to visit him at home. They are calm, polite, and will never harm anyone; but are very assertive and they know what they have to do. If unsuccessful, they will keep on coming back until the debt is paid. Sometimes, the lender passes the debt to a third party collection firm. This, unfortunately, changes nothing for Pedro.

Timing: Depends on the lender. It usually takes 60 to 180 days after the due date.

Charges: Php 100 – 300 pesos monthly.

Worst thing about it: The collectors are very assertive. They will be visiting the residence or the workplace if the borrower doesn’t pay. The neighbors and the family of Pedro may become the unwitting witnesses of him trying to explain his situation.

How to prevent it: Pay the debt before the due date or during the previous stage.

In case it happens: Pay the debt directly to the collector as soon as possible or agree on a new payment date. In this case, Pedro should keep his promise.

Credit5

 

Stage 4: Last chance. Court.

Pedro keeps on ignoring the collectors. The lender’s next step is to pass this to the Small Claims Court. Since Pedro is too preoccupied with watching his TV series, the court hearing takes place without him. With all the documents on hand, the judge sentences Pedro to pay his debt in full immediately.

Timing: 90 days after the due date.

Charges: The debt and all the penalties plus an attorney and agency fee of Php 5,000.

Worst thing about it: Pedro will most likely lose the case. The court will sentence Pedro to pay the full debt amount including additional fees and court charges.

How to prevent it: The lender warns the borrower before filing a case. Best way is to pay off the debt before the court or try to agree with the lender on the payment schedule.

In case it happens: Visit the court hearings and fairly explain the situation to the judge. In case the borrower has voluntary signed the contract, there is no chance that the loan will be waived. The only thing the judge can do is to sentence softer conditions of repayment.

Credit6

 

Stage 5: No chance. The debt is already with the authorities.

Pedro did not appear in court, lost his case, and didn’t pay the sentenced sum on time. The authorities will come to confiscate his rose-gold tablet.

Timing: Between 1 to 2 months.

Charges: The cumulative debt including the initial loan amount, fees, as well as the attorney and agency fee.

Worst thing about it: The authorities will take Pedro’s properties to cover all the debts: it is possible to take his favorite rose-gold tablet, flat TV, and even his pedigree dog.

How to prevent it: Find the money to pay the debt. There is no point in waiting for the authorities because they could take any property that Pedro has.

In case it happens: When the authorities come, there is nothing Pedro can do.

It is better not to wait for the authorities. Just settle your case with the lender.

We have come down to these 6 points which everyone should keep in mind:

  1. Not everyone who fails to pay is an irresponsible borrower. In extreme situations, everything might end very badly for the borrower.
  2. Lender always warns about the due date first.
  3. It is better to settle the debt directly with the lender.
  4. Before going to court, the credit record is spoiled, but still, everything is not that bad.
  5. If the borrower is called to the court – it’s better for him to appear.
  6. If the authorities come to the borrower – the game is over.

**This is a public service post from Home Credit Philippines

Learn more on how to reduce and manage your debts! Subscribe to Rock To Riches for FREE!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

How Much House Can You Afford?

As part of the launch of TrulyRichClub 2.0, members get to learn more on how to plan their finances wisely through online tools and friendly reminders.

One of the tools that TRC members will enjoy and benefit from are the TRC finance and investment calculators. In this particular post, you will be able to determine if the property you are looking at right now is affordable or may be beyond your financial capacity.

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The newly-constructed house in a 200-sqm property located in the cool city of Lipa. If you want to see and purchase this house and lot, you may send an email to rurugut369@gmail.com and get a very special discount.

So before you sign that agreement and turn over the postdated checks to your real estate broker/agent, check out this calculator first.

So are you really ready to buy a house? Check out my advise here first before hurting your pocket.

Learn more on how to invest! Subscribe to Rock To Riches for FREE!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

Simplify Your Investment with ALFM Peso Bond Fund

I have been an investor in high-risk assets like the stock market and equity/index funds for quite some time now. These are where I believe my money will grow significantly over time and they should be able to help me achieve my long-term financial goals.

But since equities are a volatile type of investment, I may incur paper losses along the way. And even though I know there will be no actual loss of money unless I redeem, I had to look for another option to somehow provide me a defensive wall against crashes and dips of the stock market.

I thought of investing in bonds to address my diversification needs of my portfolio. However, since most of my cash is invested in equities, businesses, and real estate, investing directly in bonds would require me to shell out at least P100,000. And I can’t afford to liquidate my equity investments in order to invest in bonds.

Good thing I found an alternative to direct bond investing for smaller investors like me.

I went to my BPI branch in Lipa City Highway and was able to meet Ms. Kyra Rivera of BPI Investment Management Inc. (BIMI) who introduced me to the different investment products they are offering under the ALFM Mutual Funds. Apparently, BIMI is the fund manager of ALFM Mutual Funds and is 100% fully-owned by BPI.

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with Ms. Kyra Rivera of BPI Investment Management, Inc.

I explained to Ms. Kyra that I have been wanting to invest directly in bonds but I have limited amount of cash. She told me about the ALFM Peso Bond Fund and I thought it is a much better investment option for me. I decided to open an ALFM Peso Bond Fund account right away.

**For those who want to know how to invest in ALFM Peso Bond Fund, the first thing you will have to do is to approach a Mutual Funds Investment Counselor like Ms. Kyra.

But before you can have an ALFM Peso Bond Fund account, you will be required to answer the Client Suitability Assessment form in order for them to know what type of investor you are.

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Step 1: Fill out the Client Suitability Assessment Form for Individuals * ALFM is a product managed by BPI Investment Management Inc. which is a subsidiary or 100% fully-owned by BPI.

 

They will provide you a recommended portfolio allocation based on the result of the client suitability assessment and you will then decide whether to agree on the recommended allocation or to create your own allocation.

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The ALFM’s Recommended Portfolio Mix

 

While there are more popular investments like professionally-managed equity or index funds, there are also bond funds who are suited for moderately conservative investors. Ms. Kyra explained that moderately conservative investors who have limited investing budget can gain diversification in bond funds like the ALFM Peso Bond Fund.

When you invest in ALFM Peso Bond Fund, your money will be invested in different fixed income instruments like treasury bills and corporate bonds.

In my case, the assessment result showed that I am an aggressive investor because I am already exposed and invested in the stock market and other high-risk instruments. But since I wanted to diversify my portfolio further, I still pursued my desire to invest in ALFM Peso Bond Fund.

So I filled out a set of account opening forms. Kyra received and gave me the client’s copy of the forms I signed and informed me that the account will be opened at the BIMI Head Office. That fast and I am already an ALFM Peso Bond Fund investor!

2016-05-27 11.05.31-1
ALFM Peso Bond Fund is a product managed by BPI Investment Management, Inc. which is a subsidiary or 100% fully-owned by BPI

 

Why I Chose the ALFM Peso Bond Fund

Considered as the largest mutual fund in the Philippines, I chose ALFM Peso Bond Fund because it carries these awesome features.

1. Affordability

You can start for as low as P5,000, then add P1,000 for succeeding investments anytime. There is no required monthly additional investment. This is very ideal for those who already have savings and want to earn a little more than what they can from traditional deposit products.

2. Shorter Holding Period

Unlike in direct bond investing where your capital will have to wait for at least a year before you can redeem it, ALFM Peso Bond Fund‘s holding period is just 180 days. It has no maturity date unlike in direct bond investing. This means more liquidity for you while opting to invest for the long term.

3. FREE Life Insurance!

When you invest in ALFM Peso Bond Fund, you are entitled to have a P200,000 worth of life insurance**. This free insurance rivals VULs or variable unit linked insurance products offered in the market. The returns are net and gives real returns to the client. There are no hidden premium fees or charges, unlike in a VUL where in there are costs and premium fees.

**A primary investor will only be entitled to the P200,000 life insurance if the ALFM Peso Bond Fund account is worth at least P100,000. It is also not automatic. An ALFM Peso Bond Fund investor will have to fill out the Individual Application for Group Term Life Insurance to avail this feature.

4. Accessibility & Convenience

The good thing about investing in ALFM is that it is linked in the online banking facility of BPI Express Online and BPI Express Mobile App. You just need to enroll your investment account online, then you can already view your portfolio and subscribe or redeem investments, in your PCs or mobile phones.

Ms. Kyra also discussed the Regular Subscription Plan, which really got me interested. It is an auto-invest facility, wherein you can make scheduled contributions to your mutual fund monthly or quarterly for as low as P1,000. For those who want to really invest consistently, like me, you might as well enroll in this facility.

 

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If you have been looking for wiser investment vehicles that are safer than investing in equities, the ALFM Peso Bond Fund is the right option for you. Make your cash flow less stressful and your investment more enjoyable by choosing the ALFM Peso Bond Fund.

Schedule a call with a Mutual Funds Investment Counselor by visiting any BPI or BPI Family Savings Bank branch to know more about the ALFM Peso Bond Fund and other ALFM Mutual Funds today! You can also log on to www.alfmmutualfunds.com or visit www.facebook.com/ALFMMutualFunds for more details.

*This is a sponsored post.

 

Skiddoo Philippines Inc

True Change is Coming…

I have been very busy for the past several weeks as I am currently working on our second house project in Lipa City which we hope will be done within this month. Watch out for it as we will be selling it at a premium price. The location is very cool and close to nature! That’s the reason I have fewer speaking engagements and coming out with even fewer articles in this blog.

Here’s a preview of our house project which will be available for bidding/selling soon! Our decision to dabble in real estate business is a welcome change. :)

2016-07-04 15.52.45
Our house project in the cool city of Lipa in Batangas

Meanwhile, there is another true change that is coming to town. And this viral video of Bo Sanchez will give a preview of that!

This video has reached Filipinos from all over the Philippines and even our kababayans in the Middle East, the U.S., Australia, Europe, and the rest of the world are raving about it!

The video has created so much excitement, people were raving about it!

Allow yourself to be inspiredl! Watch this video now and feel the real change that’s coming soon! :)

Embrace real change! Subscribe to Rock To Riches for FREE!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

Investing 101: Investment Types and How They Work For You

There was a time when Filipinos viewed investing as something that was only for the wealthy. Buying stocks, trading, or buying and selling were activities thought of as something only the foreign nationals living here did. In recent times, however, more Filipinos have become more open to investing. PawnHero looks at different kinds of investments and how you can maximize what you get from them.

Filipinos took great pride in these investments because now they can call themselves entrepreneurs and business owners instead of just being plain workers. Many years after, small investments became the name of the game with the arrival of multi-level marketing companies.

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Networking and Investing

Popularly known as “networking,” this type of investment enticed young people, as well as those who were easily lured by the promise of easy cash and significant returns. Alas, only a handful do succeed, and many feel that they have just thrown away the money they invested. Truth be told, the world of investment does not operate in such a simplistic way. If you really want to learn how to invest, take a look at these investment types and see which one is best suited for you. Let’s break them down into three main categories namely ownership type, lending, and cash equivalents.

Ownership

Ownership investments are things that you buy as an asset, which are kept with an expectation that they will increase in value. This is the broadest investment category because it includes investing in different things for profit or resale purposes.

    • Stocks – Filipinos are becoming more interested in trading in the stock market. Ordinary folks are now buying stocks from large companies, and trading and selling them for profit. You don’t need a big investment to start here, as even a few thousand pesos will do. This is the reason why even college students are able to try investing in stocks. You also don’t have to be very knowledgeable about it since there are financial advisers whom you can turn to for advice.

 

  • Real Estate – This is for people with large sums of money to spend. Buying land, houses and lots, or condo units is a lucrative trade, but you would need a large capital for it. Also, you must be very patient because selling pieces of property takes longer than say, jewelry or appliances.

 

 

  • Precious metals, Art, Collectibles – You may not realize it, but the “buy and sell” business falls under this category too. Some people buy jewelry and sell them at a markup, well this is like that but on a couple of levels higher. Gold, silver, diamonds and precious art are bought and sold to interest parties. Investment is also big here, but very rewarding.

 

 

  • Business – Opening a company selling a product or service is always a good way to invest.

Lending Investments

Lending Investments is also a good way to earn returns, and you won’t have to wait that long to get your money back. This is a low-risk and low-reward investment that includes bonds, certificates of deposits, and other types of loans. Here, the investment is purely cash, and there are no items or physical products that are bought or sold. Because of the lack of something physical that needs to be maintained, the expenses with this type of investment are negligible. Just be careful of who you lend to and make sure that you protect yourself.

Cash Equivalents

Cash equivalent investments are also low risk and little return. These include treasury bills, bank notes, corporate commercial papers, and more money market instruments. One important thing to note is that this is actually a relatively secure type of investment especially if you go for those backed by the government. Not a lot of people go into this kind of investment here in the Philippines though.

Filipinos would rather go with ownership and lending investments because they can immediately see, or at least project, how much they will be making. While the little return might put you off, it’s certainly higher than what most banks offer. This makes for a great alternative to a purely passive savings account.

As with any investment, there are highs and lows. In case you need extra cash to top up your capital for your online store or food business, don’t hesitate to check out PawnHero, the first online pawnshop in the Philippines. They accept appliances, gadgets, and other items allowing you to meet your short-term cash necessities right at the comfort of your home!

Gem Muzones

Gem is a contributing writer for PawnHero. She was a news writer who walked alongside protesters in the streets of Manila and a magazine editor who got free passes to product launches and the hippest events. She’s a big Game of Thrones fangirl, 1/2 of a budget travel blogging duo for Travels with a Hobo, and suffers from chronic hair dissatisfaction (she changes her hair color every month).

*This is a guest post.

– – – – – – – – – –

Learn more on how to invest! Subscribe to Rock To Riches for FREE!

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#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!