Most newbie investors (and some senior traders alike) still have this fear that their investments are not protected in case their stockbroker shuts down its operations.
Is there really no equivalent to the bank’s PDIC or Philippine Deposit Insurance Corp. which insures the stock traders and investors should there be a judicial declaration of insolvency or closure of a stockbroker? Continue reading What Happens To My Stocks (and CASH!) if My Stockbroker’s Gone Broke?
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
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?