Filipinos working overseas (OFW’s) are always exposed to a lot of physical risks. They travel from their apartments/housing camps to work either by train, shuttle bus services, by cars on highways, bicycles, or even on foot.
In hazardous workplaces like factories, mills, chemical plants, and even offices, OFW’s face everyday fears of accidents and tragedies while thinking about their loved ones back home.
But the most alarming part in this already worrisome conditions of our OFW’s is that most of them and their families are not protected enough with insurance.
When an OFW passes away due to accident or even by natural cause, his or her family back home is left with almost nothing but the last payment from his/her employer. And maybe a few more from the government’s grant or financial aid. Continue reading Most OFW’s Families Are Not Protected
What happens to your stocks when you die?
They’ll get stuck. Just kidding. 😉
Some of my colleagues and forum members were asking me this question as I was promoting to them the benefits of investing in the stock market. I know. This should have been written last month during Halloween.
But seriously, this is one question that any investor should not be ashamed to ask. As a matter of fact, this should really be discussed by any investing family person with his or her family members and loved ones even during ordinary days. And with disasters such as the recent typhoon, we really need to be ready.
Someone from your family must know the things to do when you die. One of these is taking care of your estate. Continue reading What Happens To Your Stocks When You Die?
If you rely heavily on the interest of your Savings or Time deposits accounts to grow your money for your future, think again. Those deposit accounts earn only 2.75% or less in a year. Corresponding taxes and bank charges will also be charged if you withdraw your cash. Plus, your money is like a sumptuous meal being devoured by the creepy inflation rate of around 3.6%. Your money simply loses its value and its purchasing power.
With the Philippine economy rising in unprecedented heights, you may think twice before remitting your dollars back home and let them rot in your deposit accounts.
But where will you put your money for it to grow from 8% to 15% annually if you don’t know anything about investments?
If you are a person who don’t have any idea or background about the stock market, mutual funds, or fixed income securities, you may need to find a suitable plan and an investment vehicle for you. Continue reading What’s Money Tree?