Category: Business

“Thou Shalt Not Be Poor” – The 11th Commandment

Ms. Rosalind Wee of Marine Resources Development Corp. was the one who coined that 11th Commandment tagline, FYI. 🙂

It’s the first phrase that you will read upon opening the first pages of the new book of Bro. Bo Sanchez and Dean Pax Lapid called “How To Turn Your Passion Into Profit – 8 Keys to Build a Truly Rich Business”.

This morning, our office Admin boys entered my room and handed me this dark brown/black box which I first thought was a box of chocolates. I was hallucinating and famished so please forgive me. Continue reading “Thou Shalt Not Be Poor” – The 11th Commandment

On Buying a House – Invest in Stocks First or Get a Home Loan?

I received this question earlier this morning from a fellow forum member and blog follower (name withheld for security and privacy reasons):

“Hi Burn! I’d like to ask for advice if it’s ok with you. It’s about our plan to have a house of our own. We’re currently renting an apartment for P6,500/mo so we’re considering taking a Pag-ibig housing loan of 2M with a term of 30 years, 8% interest per annum and a monthly amortization of about P17,000. Actually, P17,000 is almost half of our monthly budget already so we’ll be sacrificing a lot, maybe even our monthly 20% allotted for buying stocks..

So do you think it is much better to just put the P17,000 monthly in stocks and just withdraw from it when it reaches 1-2 M? Maybe after 5-10 years given the interest is 10% p.a.? However, the prices of labor and materials might have gone up considerably by then..

The loan seems more attractive now as the house can be built with in 6 months to a year so we also won’t have to pay for the apartment rent once we’ve moved in.. Continue reading On Buying a House – Invest in Stocks First or Get a Home Loan?

Know the Company’s Fundamentals Before Investing

So you are itching to invest in the stock market. But you don’t know what stocks or companies to buy. You join various social media groups, circles, and forums and shout out:

“What are the best companies that you recommend for a newbie to buy?”

Then you get tons of answers from intelligent, experienced, inerrable investors and traders. Sometimes you get ditched. Sometimes you receive some sermons. And most of the time they intend to get you confused even more. Okay, not all the time. 😛

Before we proceed, I want to make it clear that this post is mainly intended for aspiring and new investors. Those who have 8-5 jobs or a small businesses and are serious with their chosen crafts. Those who don’t have time to time the market. And those who value their precious time with their spouses and children. Continue reading Know the Company’s Fundamentals Before Investing