Reasons to believe

Last month, Philippines was included in top 20 of world’s economy in terms of GDP growth prediction for 2015.  Next to China which is number 1, we are number 2!  So what does it mean to us?ride-the-stock-market

The good news is that this is another great opportunity to gain more profits this year through the stock market.  If you are already an investor, congratulations!  If not, then its time to take action and to be one.

With the help of the internet technology, investing is now made virtually available to all so it’s merely an open mind, a decision and a courage to take the necessary to steps on becoming an investor.

Many people specially in social networking media like Facebook raised their eyebrows when this good news just popup despite the Mamasapano issues where we are immersed for several weeks or even more than a month now.

Some people can’t believe and expressed their views like “This is amazing but how come I see lots and lots of poor people on the street?”  and “so what’s in it for me then”.  In short, many Filipinos still don’t realize how to take advantage of this good news.

Let’s proceed and highlight what’s the deal with this good news for our beloved country.

Based on COL report, this year 2015 will boost government’s  “legacy spending” and normally happens before the change of administration takes place which will be next year.  This will mean more jobs and more projects that will benefit giant companies to name a few like Ayala Corporation, SM Prime Holdings, and other industries like banking and consumers.

Low oil prices.  Last January, the price of oil started to drop.  Although it went up after several weeks, it is still low compared from the past.  The money we save on gas will also increase consumer spending which local companies and businesses will then again benefit from these.

Philippines is also on top of BPO industry.  This means apart from the huge amount of remittances of OFWs, there’s also bulk of money circling around that will trigger spending in consumer and other businesses like real estate and banking.   More people will spend money to buy condos, cars, gadgets, travel, etc. and the list goes on and on.col-account-opening

The key to profit in this good economy is to participate and “ride” this great companies in its growth by buying its shares in the stock market.  The more earnings they will have means more profit for us the investors.

Now the question is, are you an investor?  If you are, then once again congratulations!  Because this year will be a great year for us all.

If you are still planning to invest and want to jump in right away, I invite you to join Bo Sanchez’ Truly Rich Club for guidance in the stock market.  To join click here.

“If you think education is expensive, try ignorance” — Derek Bok

Are you financially healthy?

Last week, I got a chance to attend our company sponsored Financial Wellness Session.  It was conducted by PRU Life UK.  It was a very enlightening discussion and fun too.

They asked us to play games that made us realize the value of investing in different investment vehicles such as stocks, business, mutual funds and real estate.

Here are some of the notes I have taken during the session.
Continue reading

Introducing the COL Mobile App

This morning I received an email from my stock broker COL Financial informing me that the mobile app is already available but only for IOS. The android version is still to come.

You can download the app by simply logging in to your account using a browser, in my case I used Safari. Click on the Downloads at the Home Page then follow the next instructions and voila, there it is!
col-mobile-app

When the app is launch, it will display the screen below. Just tap in the Log-In and it will take you to the login menu where you can input you account number and password then press the login button.
col-mobile-app

To view your current portfolio, just tap the Trade –> Cash Gain Loss.

You need to scroll down to view you Total Equity.
col-mobile-app
Here are few more screenshots when I navigate the menus. I haven’t used it for buying and selling stocks at the moment but by navigating through its menu I realized how easy to perform transactions.

Thank you COL Financial, you’ve done a great job for this innovation!

You have to break the law

A lot of people (including myself before) are thinking of high salary, working abroad, winning the lotto are some of the best solutions to their money problems.

Are these really true?

Sometime in 2005, I decided to pursue my career overseas. I got my 2 years contract with one of the biggest telecom company in Afghanistan.

The company is giving me a monthly paycheck which is around 6 times of my salary. I was very happy because in my mind, 1 year of staying overseas means I can earn money which is equal to 6 years of working locally.

This is true in figures but didn’t happen though because of my spending habits. As my income increase and so my expenses. This is one of the concepts of Parkinson’s law. Robert Kiyosaki refers this as the “rat race” that most people trapped into until their old age.

In one of his seminars, Brian Tracy says this is the reason of money problems such as debts and failure to accumulate money.

If you are seeking for financial independence like me, we all need to break this law. Knowing this law is not enough without taking actions.

So what are the practical actions we need to take to break this law?
Here are the two actions you could take immediately to start breaking this law:

Stop all unnecessary expenses especially those that are categorized as “wants”. Evaluate carefully and scrutinize each expense as if your budget is in big trouble. It is also good to make up a budget plan for the whole year to minimize and prioritize the expenses.

Save and invest at least 50% of any increase or bonus you may receive. I have done this for past 3 years and I was amazed of the result on my stock portfolio.

Always remember that “Financial independence comes from violating Parkinson’s Law.”

You have to break the law

A lot of people (including myself before) are thinking of high salary, working abroad, winning the lotto are some of the best solutions to their money problems.

Are these really true?

Sometime in 2005, I decided to pursue my career overseas. I got my 2 years contract with one of the biggest telecom company in Afghanistan.

The company is giving me a monthly paycheck which is around 6 times of my salary. I was very happy because in my mind, 1 year of staying overseas means I can earn money which is equal to 6 years of working locally.

This is true in figures but didn’t happen though because of my spending habits. As my income increase and so my expenses. This is one of the concepts of Parkinson’s law. Robert Kiyosaki refers this as the “rat race” that most people trapped into until their old age.

In one of his seminars, Brian Tracy says this is the reason of money problems such as debts and failure to accumulate money.

If you are seeking for financial independence like me, we all need to break this law. Knowing this law is not enough without taking actions.

So what are the practical actions we need to take to break this law?
Here are the two actions you could take immediately to start breaking this law:

Stop all unnecessary expenses especially those that are categorized as “wants”. Evaluate carefully and scrutinize each expense as if your budget is in big trouble. It is also good to make up a budget plan for the whole year to minimize and prioritize the expenses.

Save and invest at least 50% of any increase or bonus you may receive. I have done this for past 3 years and I was amazed of the result on my stock portfolio.

Always remember that “Financial independence comes from violating Parkinson’s Law.”

The need to invest

Before I started investing in stocks in the last quarter of 2010, I reviewed my financial life from the day I started working. At that time I realized, it’s already 10 years since I entered the corporate world and overseas as OFW but my savings are very small and nothing seems to happen.

My savings in the bank is not going anywhere because whenever it reaches a certain amount, I always find a way to spend it for something else such as new computer, mobile phone or gadgets.

Because of the frequent threats in job security (e.g. company downsizing, merging, re-org), I ask myself “Is there a way to escape this cycle?” After years of searching for answers I stumbled with the trulyrichclub team where I learn the concept of investing.

Here’s my top reasons why there is a need for everyone to invest:

Retirement

This is one of the biggest issues today that motivates me to invest. Whether we like it or not, time will pass by and we’ll get older. The question is, do we want get old poor or rich? We have to decide now.

I have a neighbor who’s going to retire this year. He works as an OFW for more than 20 years. Unfortunately his relationship with his family did not turned out to be good. Now he’s alone and still needs to work just to put food on the table. He will be receiving 6,000 pesos monthly for his SSS pension but I doubt it’s enough because he is also sick and needs maintenance meds. I pity him so much.

Inflation

Parking your money in the bank makes you a loser. Gone are the days that saving money in the bank is a smart thing to do because most banks nowadays give a 2.5% interest rate for time deposit account while 0.5% for savings. On the hand, the average inflation rate per year is around 4-5% so your money slowly “evaporates” over the years if you just let it sit and used by the bank.

Education and opportunity

When you invest your money for example, in the stock market, you will “ride” the giant companies and participate in the growth of their businesses. You will also learn their future plans and projects through their financial reports. These information is normally available for free from your broker.

With these “need to invest”, I hope I have given you great reasons to start your way in investing. If you are still struggling which stocks to buy, you can follow COL’s model portfolio in their monthly report called “COLing the shots”. Below table is the latest one.
coling-the-shots-june-2014

Happy investing!