A glimpse of SMPH sale

Last week it was a surprise when one of my blue chip stocks, SMPH enters the “red zone” after a year of sitting in “green”.  Oh yes before I forgot, we already entered the month of AuGHOST.  Many investors and traders believe this to be the month when stock prices are getting cheaper.smph-stocks

Continue reading “A glimpse of SMPH sale”

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”

How to invest in UITF?

More than 3 years ago, I learned how to invest in the stock market. At first, I was hesitant to pour in my money into my broker’s account (COL Financial) to directly invest in stocks. I did it slowly because in my mind it could be a scam and besides I don’t even know somebody who invests in stock market. In short, I was really scared.

Since I’m comfortable with the banks, I decided to move some of my cash and buy UITF. So I told myself “It’s just a test”. Actually I really don’t know UITF back then because I asked the bank’s counter for mutual fund. They told me that banks don’t offer mutual funds but UITFs. By the way, the bank’s representative I asked is from BDO. Continue reading “How to invest in UITF?”

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”

Do You Want to Earn Thru Dividends or Capital Gains

Just want to share you this sample stocks update from Bo Sanchez’ Truly Rich Club. I’m so excited in the power of compounding in the years to come. I remember the day I told one of my relatives about the dividends I received the first time. He was very excited to know and asked me “how much?” and I answered “well “it’s 200 pesos”. He laugh at me and said “are you excited with that amount”.  But that was 4 years ago. Now it multiplied many times because of my habit of investing month after month after month…  Thanks to the Truly Rich Club team for the motivation and encouragement.  You are doing a great job! Continue reading “Do You Want to Earn Thru Dividends or Capital Gains”

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?”

How to smell a scam away

“Make your money work for you” is a very popular slogan used in scams to attract investors.  Now if you are not aware, chances are you will fall to this trap especially if they promised to give enormous returns over a short period of time that will make you rich quick.  There is a very informative and a real life video from pesos and sense about this where a professor of Adamson University was a victim.  Watch it below:

In the Trulyrichclub, our mentor Bro. Bo Sanchez is giving several tips on how to smell a scam away and how to identify its many faces.  It’s a long article but I think worth your time reading.  Here it is: Continue reading “How to smell a scam away”