How budgeting can alleviate your savings experience

There are many such people who may have been saving for quite a long time now, but to no avail. So, what would you be required to do, in order to can save up more? It is important to have enough savings, so that you can lead a secure retired future. Furthermore, savings is important for emergency situations too. Therefore, you need to take stock of the situation, so that you can save up more than before. The health of your finance depends on how you handle or manage your money.

Improving the budgeting techniques

One of the greatest crucial factors, with regards to effective budgeting is, keeping your expenses lower than that of your income. You will have to set up a goal and work on achieving that. If you have been following a budgeting plan, try to set up a new one. In order to get the things changed, with regards to budgeting, you will have to check the old receipts. These can be the receipts based on rent, mortgage, grocery, insurance and debts or even more. Find out what the past expenses have been, on an average and work on the changes as required.

In addition, you will have to:

  1. Follow separate budgeting techniques – You can start following separate budgeting techniques, for different requirements. Like, you can prepare a separate budget for a week and a separate one for the month. Then, you can use a separate budget for your everyday living, and a separate one for traveling and so on. This may help you in saving up more and from every other aspect of your life.
  2. Set up some savings goals – Set up a proper savings goal, so that you can work towards achieving the same. If you have already been saving, you will have to set an even higher goal standard. If you can achieve the new goal, set an even more stringent one.
  3. Gift yourself if you reach the goal – If you think that you had easily been able to reach the goal, you can gift yourself a small nothing. For example, if you had set up the goal for a month, but if you were able to achieve it within 25 days, you can get a gift for yourself.
  4. Try going frugal – You can try going frugal, if you had not been able to save up lots through simple budgeting techniques. You will have to save on electricity, on gas, on other bills and even on grocery through couping.

These are the ways in which you can obtain more savings and can go on to improve your finances too, in the long run. This may further, help you in avoiding debts and thus you may also see improvement, with regards to your finance and credit rating.

Yes, stocks are down again!

Yesterday, stocks fell even lower compared last week with 6.75% loss (442 points) closed at 6,114.08.
I saw this market dip happened two years ago, sometime in September 2011. This is another great opportunity to buy more shares at a cheaper price where everything is on sale for a big discount.
I have tabulated my list of stocks and checked the future growth with reference prices as of closing date yesterday June 13, 2013.  This shows “how far” the current price to the target price of each stock.


As you can see, BDO is more attractive to buy followed by LRI.

This week I sold my two year old stock, FPH and switch it to TEL and some other portion to BDO and MEG. Good thing is I still earned around 30% on the sale which is pretty good after it reaches below a hundred pesos per share.

As bro Bo says, “This is all TEMPORARY. The important thing is you try to keep buying
during times like these. RED means GREEN!”

Happy investing everyone! Investing is still more fun in the Philippines!

COLing the shots

Just in case you are not aware of this, COL Financial as part of their research product has a regular report called “COLing the shots”.  It is a monthly detailed report covering the insights on investment based on global and local market updates.

This report also gives essential information and analysis which may help us in our decision so that our investments will be a success.  It has a “model portfolio” similar to trulyrichclub’s SAM table which anyone can follow.  Below is the “COLing the shots” table as of August 1, 2015.


This report is available exclusively for COL account holders and can be found under Research –> Archives.  Click the Product drop-down menu and select Coling_the_shots and click search to list all previous reports.

Enjoy and happy investing!


Avoid the free lunch attitude

It’s been a while since my last post but here’s another great article from Bo Sanchez’ TrulyRichClub.

Two years ago, I thought I could not sustain or afford to pay the monthly subscription of the TrulyRichClub to receive the twice a month issue of stocks update and other materials.  But after overhauling my finances through reading books, attending seminars and paying myself first, I realized that I’m earning enough.  I also follow the “Simple System” Bo Sanchez discussed in his book “My Maid Invest in the Stock Market” that uses an “envelop”.

This is one of the many reasons why I believe Benjamin Franklin’s saying that “an investment in knowledge always pays the best interest”.  Today, my money grows in numbers that I never expected.  Without the TrulyRichClub, I could have spend it in doodads (unnecessary expenses) and just vanished leaving me hopeless again.  And what about the subscription fee for the club?  Well now, it’s “free”.   Enjoy!

Remember this crazy story?
Someone who smoked for 20 years is now suing Phillip Morris because he has cancer.  Or how about this story: There’s a thief who sued the owner of the house he was trying to rob, because when he went out of the window to escape, he fell and broke his leg.
Absurd, right?
In other words, we like free lunches. Smoke for 20 years and let others pay. Rob a house and let the owner pay.
Let me tell you another crazy story…
When I give my financial seminars, I give a “No Questions Asked” Money Back Guarantee. That means we give back the fees if participants say they didn’t like the seminar.
I think we’re one of the few organizations in the country who does this. (In fact, in some of our more technical seminars, we’ll even add P1000 when we return their seminar fees—as a way of paying for their lost time.)
One day, my staff showed me a letter from a seminar participant, asking for a refund. The reason was out of this world.
He wrote, “I became too busy with my schedules and I wasn’t able to apply what I learned in your seminar. Can I get a refund?”
I laughed.
I instructed the office, “Give him a refund.”
My staff went berserk. They couldn’t believe it. They said, “But Bo, it’s not our fault that he didn’t apply what he learned in the seminar. It’s his fault. Why will we give him a refund?”
I said, “Out of pity. With that kind of attitude, he’ll always be a failure. Because he keeps looking for the free lunch.”

Graduate from Your Free Lunch

Twice in my life, friends gave me a car.
I’m extremely thankful they gave me a car. When they gave me my first car, I was traveling all over Luzon, preaching to various groups. I couldn’t afford a car so it was such a huge blessing.
Yes, the free lunch is a wonderful gift from God.
But I now believe it’s not His best gift for us.
What is a better gift than free lunch? The capacity to earn and pay for your lunch.
Recently, I bought a new car with my own money. From the sweat of my brow. From the earnings of my businesses.
Hey, receiving a free car was incredible. I loved it.
But I noticed that when I bought the car with my own money, the feeling was a THOUSAND times better! Honest.
Because aside from the car I bought, I felt I grew.
I became wiser. More business savvy. More financially literate. The car was merely a symbol of who I’ve become.
Remember that the first and most important skill you’ll ever need in becoming successful is to take personal responsibility.
If you’re receiving a free lunch today (in any form), thank God for it. Perhaps your parents are still giving you money.
Perhaps you live with your parents and they don’t ask you to share in the expenses. Perhaps a best friend always treats you out. Perhaps a Ninang (godmother) always gives you a monthly allowance even if you’re already 27 years old.
But for the sake of your own personal growth, I urge you: Graduate from free lunches.
Move on. Grow up!
Free lunches are crutches. They’re there to help you while your legs heal. But once they’re healed, you need to throw away the crutches. If you don’t throw away the crutches, your legs will never be fully healed.
In the same way, if you don’t avoid free lunches, you’ll never grow in your capacity to earn.

You Need the Pain of Paying 

One day, a woman came up to me and asked, “Brother Bo, why do you charge for your Kerygma Conference? It should be free. Some people won’t be able to go because they can’t pay P500 for the ticket.”
This is how I answered: “The weekly Feast is free. There are no tickets. But the Kerygma Conference is a 3-day conference we hold once a year. We spend P6 million to make it happen.”
She was shocked, “P6 million? My goodness. Then don’t hold it in PICC. Hold it in an open-air place, like Luneta. So that it will be free.”
Very patiently, I explained, “Even if you hold it in Luneta, it will still cost a lot of money. First, we’ll rent chairs at P20 each. Multiply that by 10,000 people. And then we have to get a very powerful open-air audio system. Probably will cost half-a-million. Plus very powerful lights that will cost a lot too. The stage alone will cost P200,000 to rent. And we’ll have to feed 600 volunteers—which will cost about P600,000 for those three days…”
I noticed she wasn’t listening. She said, “But it should still be free!”
I politely ended the conversation. It wasn’t going anywhere.
Personally, I like charging for the conferences. Why? I get quality attendees. Participants put value in the event.
There’s a personal investment. There’s commitment—and it shows in how people love the conference.
My other reason? I’m breaking the free lunch attitude.
It’s not healthy.
People who like free lunches don’t grow up.
Friend, you need to learn to pay your way to success.
It’s the only way!
I love saying it: Pain is the only way you can grow. And having to pay for your own lunch is painful. But this pain will force you to grow.
Avoid the free lunch.
Start paying.
Take responsibility.

May your dreams come true,

Bo Sanchez

Photo credit:

Yes its true

Join the Truly Rich Club

As all we noted, time really flies very fast.  It’s been two years already since I started investing in the stock market with the guidance of Bo Sanchez’ TrulyRichClub.  Last year and early this year, I harvested some of the “fruits” of my investments by selling the stocks recommended by the club.  I’m very happy about my profits.  Now I know the truth about Robert Kiyosaki’s idea that money can work hard too through investing; treating your hard earned money as employee.  I wish I could have started investing as early as 2008 when the market crashed!  Here are some of the facts I’ve gathered recently.  In the midst of 2008 financial crisis, Meralco (MER) is 14php per share, Aboitiz Power 4php per share, DMCI (DMC) 3php per share, URC at 4.50php per share and JGS at 1.92php per share.  January this year, these are the new prices in pesos: MER 281 per share, AP 38.10 per share, DMC 53 per share, URC 86 per share and JGS at 38.4 per share.  The above figures only concern the capital appreciation without considering the dividends payout.  These are the returns that will surely make us a millionaire in due time instead of hoping to win the lottery.  There is a truth about the saying, “when there is crisis, wealth is being transferred” because most people who are scared in times of crisis are selling his/her stocks at a loss in which the rich people buys them.

If investing in the stock market is really good, then why there are only 0.5% of the populations are doing it?  Perhaps this is mainly because stocks are viewed as risky investments. In fact, 85% of people are losing money in the stock market.  On the other hand, if done properly, it is said that in a 5-20 year period, stocks outperforms other investment vehicles such as bonds, time deposits (of course), and even real estate (in some cases).

In my experience, our biggest enemy is ourselves due to lack of education about how money works and clinging to an old idea.  We are all brainwashed to work for money since we were kids.

So act now, drop the old ideas and start your journey to financial freedom!








COL is raising MEG’s target price

In a recent report, COL raised its target price for MEG from Php2.87 to Php3.34 per share.  Considering a 15% profit, the new buy below price for MEG will now be Php2.9.  At the time of this writing, MEG is traded at 2.78 per share.  Below is a portion of COL’s report about the MEG’s growing rental business.  I believe this is the main reason why there’s no sell alert for MEG last week after it reached (2.82) nearly its target price.

MEG has successfully replicated its well-received live-work-play model in Eastwood to other parts of Metro Manila such as McKinley, FortBonifacio, and Newport. Coupled with the rapid growth of the BPO industry which has led to strong demand for office space, MEG’s leasing business has been expanding rapidly. In 2009, MEG’s commercial leasing business contributed just 29% of the group’s income from operation. In 9M12, the leasing business contributed 46% of the group’s income from operations. We believe that MEG will continue to benefit from the strong growth of the BPO sector given the group’s large landbank in the Fort Bonifacio area, which remains to be one of the top choices of BPO locators. With the growing contribution of the leasing business and its attractive longer term potential, MEG’s earnings stability and visibility will continue to improve.


The views expressed herein are that of the Website’s owner unless otherwise stated.  This blog does not solicit the reader to buy because of the articles posted here. Due diligence must be exercised before buying shares of stock.  The Website owner doesn’t hold responsibility in any manner arising from reading this blog.

Are you riding the rocket?

This week is one of the most exciting times in the stock market. Imagine, for the first time I received 2 stocks alert this week from TrulyRichClub.  The main reason is its now in a “harvest season” or profit-taking from two of TrulyRichClub‘s SAM recommended companies.

Last week I earned from selling BPI after exceeding its target price of 91 (I sold all my shares at 96.45 per share!) and this week, I sold SMPH where I earned 20% after almost 10 months of investing on it. Plus, remember SMPH’s 25% dividends given in the form of shares?  Yum yum yum!

Sad thing is, its getting hard to buy other SAM stocks although some are still in its buy below price. Obviously the price is now higher because almost everyday the PSE is soaring to record breaking highs.

Now I have my funds from selling SMPH and BPI and I realized, the more money I inject in my account, there are more chances of giving me a higher return!  This is exciting; my money is making more money without me working so usual I’m gonna fund my COL account payday after payday.

Thanks to the TrulyRichClub for the guidance in riding this rocket called The Philippine Stock Market!

Free stocks update with video tutorials

Got this video from one of my friends in Facebook showing the latest stocks update from the TrulyRichClub where a sell alert was sent for BPI yesterday.  This video also discusses the “off-hours” order feature of COL Financial trading platform where you can sell your shares ATO (at the opening).  Enjoy!


Why You Should Never Be a Trader

Investing nowadays is a very “hot” and popular topic in many forums online as well as in Facebook. First timers are getting confused about “investing” and “trading”. Like someone is saying “I want to start investing in the stock market, can you teach me how to play?”  Most probably because in many online forums, although the subject is entitled “investing in the stock market”, a lot of people talk about their recent “trading” activities and giving out tips (or “bulong”) what stocks to buy. Because of this, “newcomers” think investing is also trading. I believe this article from Bo Sanchez is really worth sharing. It will help and guide those who are new to the world of investing what’s the difference between an investor and a trader.

Just a little bit of definition of terms here…Investors buy stocks and don’t sell for six months to 20 years.
Traders buy stocks and sell them after a few hours or days…
Here’s another difference: Investors buy only the giants we recommend in our list below. Traders buy anything, especially penny stocks, because they’re more volatile, and thus give them more opportunity to earn more money (theoretically).

Here are three reasons why you should never become a trader:

1. Traders Pay More Fees
Every time you sell stocks, you pay a fee.
Yes, the fees are cheap. But still, they do add up.
And that’s subtracted from your profits.

2. Traders Need More Expertise
Some of my closest friends are fulltime traders.
The stock market is their fulltime job.
They don’t do anything else.
Guess what: A lot of them still lose money!
Despite ALL their training. 

3. Traders Need More Time
How much time a day will you spend in actively trading your stocks?
One hour?
Question: Why not invest that one hour on your business?
One hour every working day is five hours a week.
If you’re a salesman, use that one hour to call up former customers just to say “Hi” and build relationships.
If you’re an entrepreneur, use that one hour to study how to market your products through the Internet.
Believe me, you’ll earn more money!
And whatever added profit you earn from your business, you can plow back to the stock market as an investor!

What You Should Never Do

After giving a talk on stock market investing, a participant (who probably came in late and didn’t hear my entire talk) came up to me and asked, “Bo, my bank is offering me a personal loan of 0.9 percent monthly interest.
Can I borrow and put it in the stocks? If I can earn at least 20 percent a year—I’ll be on top…”
Questions like this make my toes curl.
I told him, “I care for you. Don’t do that. If I had an enemy I wanted to torture, I’d tell him to trade the stock market on borrowed money.”

Work on Your Business, Not the Stock Market

Here’s the harsh reality.
You can’t invest in the stock market if you don’t have cashflow.
What is cashflow?
Cash that flows to you. (Gosh, I’m so brilliant.) Every month, you have a steady income stream that pours money into your lap. That income stream could be your job or business.
If you don’t have cashflow, you can’t invest in the stock market. Period. So what should you do?
Spend 99 percent of your time (creativity, energy, attention) on your business.
Create your cashflow.
Increase your cashflow.
Multiply your cashflow.
And then spend 1 percent of your time on investing that cashflow on the stock market.

If I Can’t Stop You, You Could Trade with Your Loose Change

One young man told me, “But Bo, I want to really trade! Investing is so boring. But trading is so much fun!”
If you really want to trade, then trade with your loose change.
Meaning? Money you can lose without having a heart attack.
But the huge bulk of your money should be long-term investments in giant companies.
If you really like to learn how to trade, Citiseconline gives free seminars on technical trading. You can call them up and ask for their schedules.