“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)

Not Everyone Earns Like U2. What Should You Do?

Forbes ranked U2 as the 4th highest paid musicians in 2012, pulling in $78 million on the tail end of the group’s record-breaking 360 tour. Their total gross earnings for 3 years? – $736 million.

But not every musician or band can earn as much as what U2 does. As what my previous post revealed, a lot are even playing unpaid. I personally believe that even heroes should be paid. Remember Parokya ni Edgar’s “Mang Jose“? 😛

A lot of people, including musicians find dealing with finances a very daunting task. But in reality, when you learn the basic approaches to managing your personal finances, you will find the tasks a lot easier than you thought.

Here are some of the most important finance concepts that every musician should know. Continue reading Not Everyone Earns Like U2. What Should You Do?