Category: Personal Finance

You’re So Young, Why Do You Fear The Market Keerekshen?

I have been noticing a lot of newbie (young in age, I mean) investors today acting as if they were trading and investing for the past two to three decades already.

Amidst the hallucinistic bull run, investors mix themselves up with seasoned active traders. They start to sound like they are rushing towards the finish lines of their lives.

This is especially true for those who started out investing just recently with a conviction that they will stick to their long-term investing strategies.

Just a few drop in stock prices, you will hear these: Continue reading You’re So Young, Why Do You Fear The Market Keerekshen?

What Happens To My Stocks (and CASH!) if My Stockbroker’s Gone Broke?

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 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