I’ve actually seen this video clip in one of the business opportunity meeting I attended when I was just starting in the insurance business. I’ll won’t mention the company name though. Although after, I just learned that they were not true when they said that the reason they used it was because they already acquired the company - which is Prudential.
Have you been wanting to invest to mutual funds but don’t know how or simply trying to ‘wait and see’ as to what we call ‘Analysis - Paralysis’. You’ve been so indulge on analyzing the market that you later on find yourself too late to start.
Just to show you that the Philippine market is not as bad as we used to think, let’s see the facts. Here’s the standing of Philippine Mutual Funds as of 1st Quarter of 2009. And from here, I hope you get to realize that we’re actually heading for the better.
How true is the news that AIG (American Insurance Group) has decided not to Sell Philamlife? Although there are no official statements yet coming from Philamlife itself, Philippine Daily Inquirer published this news which I read from Money Smarts. Here’s the full story on Philamlife.
Last week, I attended this ‘Fundamentals of Investing’ course where one of the topic is about inflation. As I’ve wrote in my previous article “Why do we need to plan for retirement? Inflation: Silent Money Killer”, I’ve discussed the tremendous effect of inflation in our lives.
Here’s more disturbing fact that I’ve learned in the seminar. Did you know that the highest inflation rate recorded in history was no other than Zimbabwe? Yes, that’s correct. It’s Zimbabwe who holds the highest inflation rate in history of mankind. And how much is that, you may ask. If in the Philippines, we have an inflation rate of 9.3% in 2008 and an average inflation rate of 6% in the past 10 years, Zimbabwe’s highest recorded rate was a whopping 231 million percent. Imagine that?
Are you a pre-need policy holder like educational plan, pension plan or memorial plan? Does the recent news on the Legacy Plans make you wide awake at night thinking that your policy might be in danger like the ones that folded?
Perhaps this news is perfect for you. At least you’ll have a picture if you’re pre-need plans are still safe . Philippine Star lists these Pre-Need Companies in the Philippines that maintains enough trust fund in case the unexpected happens.
Here it goes:
MANILA, Philippines - The Securities and Exchange Commission (SEC) is studying the possibility of requiring pre-need firms to beef up their trust fund deposits to further safeguard the interest of the investing public.
The International Association of Registered Financial Consultants (IARFC) and The Philippine Stock Exchange Inc. presents “UNDERSTANDING THE STOCK MARKET : Stock Market Learning Series” starting on March 4, 11, 18 , 25, 2009 from 8AM to 12NN at the PSE Board Room, Philippine Stock Exchange, Ayala Ave., Makati City and Makati Sports Club.
I just found a wonderful magazine that will literally replace my FHM and Maxim collection. It’s called ‘MoneySense’. A Philippine-based magazine with lot of saving tips, good insights, financial case studies, stories about handling money, saving and investing. That’s why I truly felt that anyone should buy this. Their January-February issue looks promising with the title story “Where to Invest in 2009″. I haven’t got this issue yet, but I’ll surely will. Don’t forget to get your own copy, and together, let’s take the journey to Financial Freedom.
At my age of 29, a lot of people find it odd when I talk about Retirement and how I prepare for my own retirement. They would always say ‘Bata bata mo pa, retirement na agad ang iniisip mo”. I can’t blame them. Maybe they just have to see the other side of the coin where I am looking at. Let me show you some items on that side of the coin that I am seeing. Maybe you’ll also start to think about your retirement at this early stage.
This story is not mine, that I’d have to clear first. Altho I’d greatly accept the idea that it is me, sharing this wonderful story to you. Not yet, but soon I’ll be for sure.
This was actually sent by my colleague Flo Espiritu, probably got in his email then sent to our yahoogroup. Maybe you’ve already read this. I just felt that I need to share this to all who haven’t. It’s a great story with a lot of lessons we can pick up. An anecdote by One of Singapore’s Youngest Millionaire. Here it goes.
Ever wondered if there’s any guideline on how much should you be spending for Holidays like Christmas and New Year? If you have, at least I know I’m not alone. 
Good thing that I found an interesting article on Kerygma Magazine that tackles on this issue.
The good thing about Saving is, it is indirectly related to how big a person is earning to do it. Meaning, you don’t have to earn a certain amount of money to Save. Small earner, big earner, medium earner, we’re all on the same category. Just like the saying goes, “It’s not how much you earn, it’s how much you can save that matters”. Even if you earn like a 100,000.00 a month but you’re spending 110,000 it’s no use compared to a minimum wage earner of 6,000.00 that regularly save like 600.00 per month (10%). That person is far better than the first.
have planned to write about this a long time ago, but procrastination always gets in the way, so my apologies for delaying this post. This should have been one of my earlier posts as it gives the necessary knowledge about the life insurance.
I’m sure once a person realizes the importance of financial planning, you cannot take away protection or in short, life insurance. The latter will always be attached to financial planning, as well as investments. (Importance of Life Insurance)
