Is investing in stock market safe?

Before starting out investing in stocks, one big question always asked is “is it safe to invest in stocks?”.  Well the answer is; it depends.  Let’s examine why.

Take note that there is always risk in investing but the good news is that you can manage and minimize risk by doing your homework.  Always remember this: it’s you and only you who are in charge of your money.

The fact is, if you don’t invest, you are already losing the value of your money because of inflation.  As Robert Kiyosaki says “not investing is risky” and “savers are losers”.

There are two major “players” in the stock market. Continue reading “Is investing in stock market safe?”

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?stock-market-analysisThe 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 be one. Continue reading “Reasons to believe”

Are you ready for emergencies?

Time flies really fast!

It was already 9 years when I went abroad for a career opportunity.  And because the place is hazardous, I didn’t bother about anything to get there.  In short, all expenses such as visa, and other papers are all paid by the company who hired me.

I went abroad together with several Filipinos, mostly veterans from Saudi Arabia in their 40s and 50s.  It was a great experience because aside from having new set of friends, I didn’t feel sad while being away from home. Continue reading “Are you ready for emergencies?”

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 “Are you financially healthy?”

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. Continue reading “You have to break the law”

Take charge of your cash!

“More people should learn to tell their dollars where to go, instead of asking them where they went” Robert Babson

Once action-without-vision-is-activityupon a time I was an OFW.  It was a dream come true to me and my family.  I’m earning around 5 times of my salary as local employee here in Philippines.  I thought more salary will fix and improve my finances.  I was wrong.

After a year of working overseas, I looked at my passbook and saw the records how money comes in and goes out.  Although I’m earning much more, my expenses also goes up and this a common problems among OFWs.

My perception about money clearly reflects on my passbook that is, the idea of “work then spend all”.  It was really frightening when my 2-year contract is about to end because I can’t imagine going back to Philippines with no savings and so I asked myself “Where did my money go?”  

Continue reading “Take charge of your cash!”

Plant in the spring or beg in the fall

Have you heard about the real story of Lola Penny and Lola Pilar?  If not, let me share with you this inspiring story of Bo Sanchez about two Lolas. I really love this story. It’s actually the story that keeps me motivated and one of the main contributors why I develop the habit of investing each month for my retirement.

The 1st half of 2014 is almost over so time flies really fast, so act now! As Jim Rohn said: Plant In The Spring Or Beg In The Fall.

The Story of Lola Penny

I have a friend who retired 7 years ago.
Let’s call her Lola Penny. Continue reading “Plant in the spring or beg in the fall”

Old is cool: Reasons why I love my old car

After typhoon Ondoy struck Metro Manila four years ago, we decided to move and rent an apartment in another subdivision because our previous place was heavily flooded. Since our access to the main road is a bit far, my wife and I realized that we need car so we bought a 12-year old car online. Owning a manual transmission car is a very big challenge to me. Why? It’s because I don’t know how to drive! So the car needs to be parked in the street for several months before I can use it. At the time, the idea of investing in stocks has not come to me. In summary, here are the top reasons why I love my old car based on my experience:

It can take me and my family from point A to point B. Like most brand new cars do, my old car takes me and my family safe and sound from one place to the other. Now I don’t have to rush early in the morning to the bus station for the first trip whenever we decide to go to Laguna for a weekend break or a vacation. Continue reading “Old is cool: Reasons why I love my old car”

Still afraid investing in stocks?

A lot of people know and heard about the stock market, its benefits over the long term and specially if compared to banks’ offered savings and time deposit accounts. Surprisingly, few people get started investing. I’m also guilty about this. The most common question is: “How and where do I start?”

Knowing where to start investing in the stock market is very important. Most people are stuck to this because they don’t know where and how. I remember 3 years ago when I heard about investing in stocks. Somebody sent me the e-book of Bo Sanchez where he explains the stock smart. Although the book is easy to read, I have run through it many times until convinced myself that I should start it out. Continue reading “Still afraid investing in stocks?”