Categories
Investment Mutual Funds

Getting Started on Mutual Fund Investment

One of the reasons why I like what I’m doing right now as an Event Director is the opportunity to share and spread Financial Literacy to other people.

Last week, we helped out the Philippine Investment Funds Association or PIFA for their Annual Mutual Fund Awareness Week and I feel honored to be part of that event.

It was a month-long preparation and it was all worth it after seeing hundreds of people registering for the event to learn more about mutual funds.

Nearly 700 people registered through our site and though only about 400 of them showed up during the event, it was still a huge crowd.

According to our client, the highest number of participants that they had during their previous events were only 120. Having almost 300% more attendees this year was a good sign that more and more people want to invest their hard-earned money and achieve financial freedom.

pifa-mutual-fund-awareness-week-2016

Aside from being part of the organizing and marketing team for the PIFA Mutual Fund Awareness week event, I was also personally interested to learn more about Mutual Funds.

I’ve been invested in the stock market for exactly two years now, but I haven’t been actively trading these past few months compared to when I was starting in the stock market.

Reason was because I don’t have much time to watch the market now and to study the financial reports of the companies due to some other priorities.

Also, I pulled out almost half of my investment last year to fund for an online course that I was very interested in and an online business that I’m currently working on.

So I thought of investing in mutual funds because I want to know first-hand how it really works.

Second, based from the historical data presented by some mutual fund companies, their performance in terms of profit/interest earned are really promising and ideal for long term investment.

And third, mutual funds are managed by fund managers who have years of experience in their field of expertise and I trust they know what they’re doing and their best interest is really to make your funds earn and grow.

My first choice is Philequity Management, Inc. Philequity is proud to be consistently on the top among the mutual fund companies in the Philippines. It has a solid line-up of board directors and fund managers, who have years and years of experience in handling and managing mutual funds not just for big investors, but also for retail investors like us.

I got the chance to attend one of their stockholder’s meetings in 2014 when I received an email invitation from their marketing team. I went there and I was really impressed with Philequity’s historical performance. No doubt they’re No. 1!

Btw, please note that past performance does not guarantee future results”. If a company has good historical data, it’s not necessarily indicative of future performances. There are so many factors affecting the performance of each company.

getting-started-on-mutual-fund-investment

I dropped by the table of Philequity’s team during the PIFA event and inquired on how to start investing in mutual funds. They gave me the option to sign up and apply directly at Philequity or if I already have an account with COL Financial, no need to apply because I can buy funds directly through the COL platform, which is my preferred option.

I haven’t bought mutual funds yet through my COL Account but I’m planning to do it hopefully within this month.

You don’t have to have a lot of money to invest in mutual funds. In fact, you can open an account or buy funds for as low as 5,000 pesos.

Btw, COL Financial also offers FREE Seminar on Investing in Mutual Funds via COL Fund Source.

This is a 2-hour seminar that will discuss the basic concepts, benefits and risks associated with Mutual Funds. It will also cover how to evaluate which Mutual Fund products are most suitable for investors based on our financial objectives and personal preferences.

This is ideal for newbie investors and those seeking to diversify their investments but have no time to study all the products in the market.

They have morning and afternoon sessions on different dates and it will be held at the COL Training Center, 24F East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City.

This is open to everyone and it’s FREE of charge.

To register, visit COL Financial Website or call the COL Hotline at (632) 6-515-888.

Categories
Investment Stock Market

How to Withdraw Funds from COL Financial Account


I ran out of cash today so I decided to withdraw some extra funds from my COL Financial Account.

This isn’t the first time I withdrew money from my COL Financial Account, so I pretty much know the process already. And it’s very simple.

If you have a COL Financial Account and you’re planning to withdraw your funds too or maybe you just want to know how it’s done, just follow these simple steps:

  1. Login to your COL Financial Account.
  2. Click the Home button and select Forms.
  3. Download the FORM NEEDED FOR WITHDRAWAL OF FUNDS
  4. Print the form and fill it out with the required information and sign it.
  • Date
  • Amount in Figures
  • Amount in Words
  • COL Account Number
  • Name of Account Holder
  1. Scan the signed form and send it to withdrawals@colfinancial.com with the Subject Line: COL Financial Withdrawal

COL-Financial-Account-Withdrawal

If you prefer to pick up the check from the COL Financial business center, you need to submit the original filled out form with signature.

Another tip: Always make sure that your Account Profile is updated.

  • Email Address
  • Home Address
  • Office Address
  • Mobile Number
  • Bank Details

If you prefer to have your funds transferred or credited directly to your bank account, double check your bank account details and update it if necessary.

To check or edit your profile, click Home and select Change Profile.

By the way, the amount that I withdrew was my unused cash balance from my COL Financial Account.


Can I withdraw the proceeds of a stock sale immediately?

From the COL Financial Website:

An individual can withdraw the proceeds of a stock transaction sale in three days (T+3) after a stock is sold subject to the procedures on the withdrawal of funds. An unused cash balance longer than three days dormant can be withdrawn anytime thereafter, allowing for one day notice with a cut-off time of 11am to prepare the check payment for that day.

So make sure you give at least 3 days if you’re withdrawing funds from your COL Financial account.

You may also contact COL Financial Customer Service at (+632) 6 515 888 or send an email to helpdesk@colfinancial.com if you have any questions regarding this.

Update:

I sent my withdrawal request through email yesterday, Jan. 13, 2016 at 2:30 PM and I received an email notification that they received my request around 5:00 PM.

Today, Jan. 14, 2016, at 11:40AM, I received an email from COL Financial with the Subject Line: Notice of Adjustment, informing me that they have already debited the amount to my account.

I checked my bank account online today at 2:00PM, the amount was not yet credited to my account. Not sure what time was it actually credited, but when I checked it again at 11PM today, it’s there already.

That was quick indeed! 1-day processing only. Thanks COL Financial!


Categories
Investment Seminars

My 12 Key Takeaways from the Cashflow 101 Event

Two weeks ago, I attended the Cashflow 101 board game / workshop at the Crown Plaza Hotel in Ortigas, Pasig City. This was my second time to play this board game. The first time was early in 2012 and that was also the first time I heard about the stock market, which I shared on one of my blog posts HERE.

Few days prior to this event, I met the organizers of the Rich Dad, Poor Dad events here in the Philippines, the smart and lovely ladies from Laurus Enterprises – Joana, Paula, and Jev. 🙂

During that meeting, we talked about the upcoming ‘Masters of Wealth’ Business Conference with Robert Kiyosaki and 7 other International Speakers. They also mentioned that they will be holding the Cashflow 101 board game in November, few days before the big event.

I got excited and I even told them that I attended that same board game in the past and I’ve been wanting to attend Cashflow 101 again.

I was surprised to know that Laurus Enterprises is the exclusive organizer of Cashflow 101 workshops and Rich Dad activities in the Philippines and has been the official partner of Rich Dad Training (S.E.A.) Pte. Ltd. since January 2005. Unfortunately, the one that I attended in 2012 wasn’t organized by them since they don’t hold their events in a restaurant.

Hmmm, I wonder who the organizers were on that first Cashflow 101 board game that I attended…

Anyway, I told them that I was really interested to attend their Cashflow 101 event and it was so sweet of them to have given me 2 complimentary seats for me and my friend, Shyne.

WHAT IS CASHFLOW 101

For those who are not familiar with this game, Cashflow101® is a board game created by Robert Kiyosaki, author of the Best-Selling book, Rich Dad Poor Dad, to serve as a bridge from learning the Rich Dad concepts from the books towards applying those concepts in a safe environment first (no real money is involved in the board game, this serves as a practice ground). It is only through practice that the firm foundation of financial literacy is formed. (Source)

Cashflow 101 is a half-day event that will give participants an overview and hands-on understanding on what makes rich people richer and poor people poorer.

The main goal of this game is to get out of the Rat Race and onto the Fast Track by building up your Passive Income to be greater than your Total Expenses.

AT THE CASHFLOW 101 EVENT

The event was facilitated by Jerome San, the only person in the Philippines that has been personally trained by Mr. Bellum Tan, the CEO of Rich Dad Training S.E.A. Pte. Ltd. And he is also the CEO of Laurus Enterprises.

Jerome San shared the principles of the Rich Dad, Poor Dad by Robert Kiyosaki before, during, and after the Cashflow 101 board game.

There were around 200 participants of the Cashflow 101 event on November 8, 2015, and one moderator was assigned in each table with 8-10 participants. Paula Lopez was the one assigned to us at Table 8. 🙂

cashflow 101-boardgame-jerome-san

My Key Takeaways from the Cashflow 101 board game and workshop:

  1. Focus on building and acquiring assets rather than liabilities.

Assets – are things or properties that will continue to work for you and provide you income whether you work or not.

Is buying a car an asset or a liability?

Answer: It depends… Will it provide you income whether you work or not?

  1. Build more passive income than active income and expenses. This will prepare you for your financial freedom.
  1. People don’t get started because they focus on the lack of capital, time, and know-how.

What to do?

Know what you have now – your resources, knowledge, skills, talents…

You might have what you need to get started. And along the way, the journey will provide what you need.

  1. Start small, think big. Start small, start now!

A lot of people always think of becoming rich right away. They want to have a huge business and lots of assets. But we should always remember, that it takes big to have big. Learn how to start small, but have a big goal in mind.

  1. If you’re employed, you work hard for money. If you have a business, your money work for you.
  2. If you’re building a career, make sure you’re building YOUR assets, and NOT someone else’s assets. (My favorite of all and also a wake-up call for myself)
  1. Use debt as a leverage to take advantage of opportunities.
  1. Take risks. Learning doesn’t only happen in school but also when you take risks. The greatest risk is NOT to take the risk at all.
  1. Every opportunity comes from a problem. Don’t be afraid when you encounter a problem for every crisis comes an opportunity.
  1. Solve small problems, get small profit. Solve big problems, get big profit.

Problem solving is a skill. The good thing is, skill can be acquired.

  1. Always play above the line. You’ll see your greatness if you see yourself above the line. Everyone is given different sets of potentials and skills. Our task is to enhance and maximize our skills to come up with something greater.
  2. Knowledge is not power. Knowledge is power with ACTION!

(Just a disclaimer, this list is only based on what I remember from the event and may not necessarily mean that these are the exact words or principles of the Cashflow 101 or Rich Dad, Poor Dad training.)

Even if I already attended the Cashflow 101 game before and I already had an idea how it was played, I was still very excited to play it again. And I wasn’t disappointed. I enjoyed every bit of the game. I learned a lot and I had so much fun. I was also one of the few lucky participants who finished the game with higher passive income than expenses, which is one of the main goals of this board game.

My challenge now is to apply the principles I learned from the Cashflow 101 event and to start working on building my passive income and acquiring assets over liabilities.

I know it’s easier said than done but I’ll do my best to follow these principles in real life.

Robert-Kiyosaki-LIVE-in-Manila

Robert Kiyosaki LIVE in Manila for the Masters of Wealth Business Conference

I would also like to take this opportunity to invite you to the Masters of Wealth Business Conference with Robert Kiyosaki and 7 other International Speakers including:

  1. Andrew Matthews – Best-selling Author and International Speaker
  2. J.T. Foxx – World’s No. 1 Wealth Coach
  3. Robert Riopel – Top International Trainer
  4. Bellum Tan – CEO of Rich Dad’s Training (S.E.A.) PTE LTD.
  5. Richard Duncan – Economist and Best-selling Author
  6. Mario Singh – Asia’s #1 Forex Coach
  7. Peng Joon – Authority in Wealth Creation Online

What You Will Learn:

  • The importance of financial education
  • Why right now is your best opportunity to start a successful business
  • How good debt is easy to get and can make you rich
  • Raise venture capital to fund your dream
  • The skills you must know for business, sales, and entrepreneurial success
  • What holds back the average person from achieving more in life
  • How to transition from an employee mindset to a business owner mindset
  • The good, the bad, and the great opportunities to thrive in 2016
  • What you will need to capitalize on global volatility in 2016
  • Generate multiple streams of income before the crash in 2016

This is a rare event and it will happen on November 30, 2015 at the SMX Convention Centre, Mall of Asia, Pasay City. You may visit Manila Workshops for more details and ticket availability.

This is rather a long post but I hope you learned a lot from what I shared here. Thanks for reading and let’s hope and pray for a brighter future for all of us!

How about you, have you already attended the Cashflow 101 event? How was your experience and what did you learn from the game? 

Categories
Seminars Stock Market

Stock Smarts Workshops: How to Invest in Stock Market

My first assignment as an Event Director of Manila Workshops was the Stock Smarts Series, in partnership with Marvin Germo. It started in January of this year and we already had four runs as of this month.

We had 4 modules during the first run, which include:

  • Basics of Stock Market
  • Intro to Technical Analysis
  • Advanced Technical Analysis
  • Fundamental Analysis

It was held at the Berjaya Hotel in Makati City, where we had a total of 41 participants for this series.

Stock-Smarts-January-2015

The same topics were tackled during the second run at Voffice, Fort Legend Tower, in Taguig City with a total of 25 attendees.

Stock-Smarts-April-2015

We tried a new set of modules for our third run this year and we called it the Comprehensive Technical Analysis Series, which include the following modules:

  • Basics and the Foundations of Technical Analysis
  • Market Trends, Volume Related Trading, Market Phases, and Moving Averages
  • Stock Market Trading Oscillators
  • Candlesticks, Comprehensive Chart Patterns, Fibonacci Analysis

It was held at the Freelancer Conference Hall, Ecotower, in Taguig City, where we had a total of 25 attendees. Majority enrolled for the entire course / series.

Stock-Smarts-July-2015

On our fourth run, we included two modules from the first run, Basics and Fundamental Analysis, and we added a new module, which is Portfolio Management. Surprisingly, this is the run where we had the most number of attendees, having a total of 45.

Stock-Smarts-September-2015

Our speaker, Marvin Germo, is a Registered Financial Planner and an author. His ability to simplify complicated investment concepts, making it easier to understand has made him one of the most sought after money speakers here and abroad. With his over seven years of experience in the Philippine financial industry, his energy and zeal to educate the Filipino people has transformed ordinary consumers into investors.

As an advocate of Financial Literacy, I’m happy and proud to be part of this project, where I get the chance to share to others the opportunity to learn more about financial education. Our economy and our country as a whole, has so much to offer, and we hope that through these workshops, we’d be able to help and encourage our kababayans to take part in its progress.

This October, we’re going to have our fifth run of Stock Smarts and it will be a rerun of the Comprehensive Technical Analysis series with the same modules.

Stock Smarts CTA October 2015 Poster

Whether you’re a complete newbie in the stock market or you’re already investing or trading, I personally invite you to this upcoming Stock Smarts series. Technical Analysis is one of the best tools to find the perfect timing in buying and selling stocks. Having the knowledge of Technical Analysis will help you trade or invest in the stock market with confidence.

Plus, in these workshops, participants will be given a chance to analyze stocks using the different techniques that Marvin will teach.

For more info and to register in these workshops, please visit Manila Workshops. You may also CONTACT ME directly or post your comments below.

See you there! 🙂

Categories
Business Seminars

PhilSME Business Conference/Expo 2014

I went to the PhilSME Business Expo at the SMX Convention Center in Pasay City on November 21, 2014. This is a 3-day event but I was only able to go there on the first day which was on Friday because I had other commitments on the weekend.

The Philippine Small and Medium Enterprise Expo 2014, now on its 2nd year, is dedicated to “Boost Your Business” and to serve as a gateway for the ASEAN small and medium enterprises to build new relationships, network and do business amongst SMEs and its supporters. With over 200 exhibiting companies from 18 business sectors, and 20,000 expected visitors, PhilSME 2014 is the largest gathering of small and medium-sized businesses in the Philippines. (Source)

I was very interested to attend the Business Conference that’s why I made sure that I was available especially on the first day of this event and thankfully I was.

I went there with my mom for the afternoon talks that was supposed to start at 1:00PM but it was delayed for almost an hour and thus the program was also finished late at around 8PM. I regret though that I missed the talk of the keynote speaker, Senator Loren Legarda, which happened in the morning. 

Here are the speakers with their topics and some of the things I learned from their talks…

ASEAN Integration: ARE YOU READY?
Learn what every entrepreneur should know in the upcoming economic integration and discover various strategies on how to be an entrepreneur champion. 

Speaker: Paulo Tibig, Motivational Speaker, Best-Selling Author, President and CEO of VCargo Worldwide

Paulo Tibig, Motivational Speaker, Best-Selling Author, President and CEO of VCargo Worldwide
Paulo Tibig, Motivational Speaker, Best-Selling Author, President and CEO of VCargo Worldwide

THE POWER OF ONLINE RETAILING: HOW TO TURN CLICKS INTO CUSTOMERS?
Explore The benefits of online retailing, uncovering methods to deliver seamless shopping experience to your customers. 

Speaker: Arianne Kader, Marketplace Director of Zalora Philippines 

Arianne Kader: THE POWER OF ONLINE RETAILING: HOW TO TURN CLICKS INTO CUSTOMERS?
Arianne Kader, Marketplace Director of Zalora Philippines

DOING BUSINESS WITH A BIG HEART: HOW TO BUILD A SOCIAL ENTERPRISE?  
Learn inspiring stories of people who made it big while having a heart for the community. 
Speakers: Brian Tenorio, Founder of KKK Coffe 
                Terri Jayme-Mora, Country Manager of Ashoka Philippines

Brian Tenorio: DOING BUSINESS WITH A BIG HEART: HOW TO BUILD A SOCIAL ENTERPRISE
Brian Tenorio, Founder of KKK Coffee
Terri Jayme-Mora: DOING BUSINESS WITH A BIG HEART: HOW TO BUILD A SOCIAL ENTERPRISE?
Terri Jayme-Mora, Country Manager of Ashoka Philippines

START-UP TALK: TURNING IDEAS INTO A MULTI-MILLION BUSINESS
Learn the latest in innovation and technology that will definitely transform what’s inside your mind into a venture worth millions. 
Speakers: Shawn Sy, from SEO Hacker

    Christian Besler, VP and Head of Community Engagement Kickstart Ventures 
    Earl Valencia, Founder of IdeaSpace Foundation 
    Ria Lu, President/CEO of Komikasi Games and Entertainment 

Shawn Sy: START-UP TALK: TURNING IDEAS INTO A MULTI-MILLION BUSINESS
Shawn Sy, from SEO Hacker
Christian Besler: START-UP TALK: TURNING IDEAS INTO A MULTI-MILLION BUSINESS
Christian Besler, VP and Head of Community Engagement Kickstart Ventures
Earl Valencia, Founder of IdeaSpace Foundation
Earl Valencia, Founder of IdeaSpace Foundation
Ria Lu, President/CEO of Komikasi Games and Entertainment
Ria Lu, President/CEO of Komikasi Games and Entertainment

HOW TO MARKET YOUR SMALL BUSINESS TO A GLOBAL AUDIENCE? 
Discover the hottest and effective marketing and sales methods that will make your business go global. 
Speakers: Yayu Javier President and COO of Avanza Inc. 
    Arlene Padua, CPM President and Managing Director of Post 10 Worldwide Firm 
    Justin Gatmaitan, Blue Diamond Executive of NUSkin Philippines 

    Robert Tan, PTV Channel (the only channel run by the government)

    Lars Wittig, Regus Philippines

Yayu Javier, President and COO of Avanza Inc.
Yayu Javier, President and COO of Avanza Inc.
Arlene Padua, CPM President and Managing Director of Post 10 Worldwide Firm
Arlene Padua, CPM President and Managing Director of Post 10 Worldwide Firm
Justin Gatmaitan, Blue Diamond Executive of NUSkin Philippines
Justin Gatmaitan, Blue Diamond Executive of NUSkin Philippines
Robert Tan, from PTV Channel (the only channel run by the government)
Robert Tan, from PTV Channel (the only channel run by the government)
Lars Wittig, Regus Philippines
Lars Wittig, Regus Philippines

TASTE OF SUCCESS: HOW TO BUILD AND RUN A FOOD BUSINESS? 
Discover success stories of food enthusiasts, sharing their gastronomical experiences and tips on how to run your own food business. 
Speakers: Rudolf Kotik, CEO and Founder of RK Franchise Consultancy 
               Kian Kazemi, Restaurant Owner of Persia Grille 

Rudolf Kotik, CEO and Founder of RK Franchise Consultancy
Rudolf Kotik, CEO and Founder of RK Franchise Consultancy
Kian Kazemi, Restaurant Owner of Persia Grille
Kian Kazemi, Restaurant Owner of Persia Grille

FINANCIAL PLANNING FOR START-UP BUSINESSES 
Learn the financial do’s and don’ts when starting your own business.  
Speaker: Navin Uttamchandani, Chief Operating Officer of Esquire Financing Inc. 

Navin Uttamchandani, Chief Operating Officer of Esquire Financing Inc.
Navin Uttamchandani, Chief Operating Officer of Esquire Financing Inc.

ADDITIONAL TALKS:

Quality Matters: Enhancing Philippine SMEs Competitiveness in the Global Arena
Speaker: Edgardo S. Juan, President of PhilMSTQ Inc. 

Edgardo S. Juan, President of PhilMSTQ Inc.
Edgardo S. Juan, President of PhilMSTQ Inc.

Solutions to go Global
Speaker: from FedEx

He's from FedEx (sorry, i didn't get his name)
He’s from FedEx (sorry, i didn’t get his name)

 

The Master of Ceremonies/Host was the journalist/reporter, Ms. Michelle Orosa-Ople.

My KEY TAKEAWAYS from this conference:

  1. Innovate and not Evaporate (Paulo Tibig)
  • Because competitions innovate, you must innovate!
  • Market Research
  • New technologies in production
  1. Co-lab, Co-op not compete (Paulo Tibig)
  • Collaborate
  • Cooperate
  • Not compete
  1. Change your mindset (TAKOT) (Paulo Tibig)
  • Explore, Grown, & Get BIG
  • Status Quo – Change
  • Think Small – to BIG
  1. Business entrepreneurs solve business problems. Social entrepreneurs solve social problems. (Terri Jayme-Mora)
  2. Business is all about “branding the experience”. (Brian Tenorio)
  3. Even the greatest fool can make money, but only the smarter ones can make it more. (Navin Uttamchandani)

The speakers of this conference were really well-prepared and they certainly know what they’re talking about. All of them shared their topics based on their experiences, their failures and successes in their businesses, and how they’re going to make it big or even bigger in their respective sectors. But one thing is common, they all have the passion to what they’re doing and they have that willingness to inspire others to do better and attain success on whatever venture/endeavor they may take.

The 2nd and 3rd day of the PhilSME Business Expo also had a great set of speakers and panelists. One of them was Ms. Ginger Palma-Arboleda of Manila Workshops, who talked about “Start-Up Tips and Tricks for Young Entrepreneurs.” I personally met her in some of the events that I’ve attended before and I could say that her business ideas are really inspiring and I really admire her wit and humility.

I hadn’t much time to go over the exhibitors during the event because I was more interested with the conference talks but I was able to check some of them. Most of them were offering Franchise businesses. I also want to have my own business and that’s one of the reasons why I attended the event, but my focus right now is to come up with a good business idea and make it a reality eventually.

Thank you PhilSME for another great learning experience!

Categories
Insurance PhilHealth

How our Health Card helped us SAVE P50,000 for Hospital Bill

It’s been a week since my daughter was discharged from the hospital (full story here) and I just want to share how our health card saved us from paying more than P50,000 for the hospital bill.

She was hospitalized for 10 days at the World Citi Medical Center (WCMC) in Quezon City and was admitted in an “open private room” at P2,200 per day rate (a large room with bathroom, AC, cable TV, telephone, and fridge).

Before we went to the hospital, I contacted our health card provider first and they confirmed that our card is still active until the end of November 2014. At the hospital, I personally spoke with the hospital’s Admission Personnel and their Liaison Officer, and a representative from our health card provider through phone. I made sure that my daughter’s hospitalization would be covered by our health card before they admit her; otherwise, I‘d have to take her to another hospital which is much more affordable than WCMC.

It’s been a week since my daughter was discharged from the hospital and I just want to share how our health card saved us from paying more than P50,000 for the hospital bill. She was hospitalized for 10 days at the World Citi Medical Center (WCMC) in Quezon City and was admitted in an “open private room” at P2,200 per day rate (a large room with bathroom, AC, cable TV, telephone, and fridge). Before we went to the hospital, I contacted our health card provider first and they confirmed that our card is still active until the end of November 2014. At the hospital, I personally spoke with the hospital’s Admission Personnel and their Liaison Officer, and a representative from our health card provider through phone. I made sure that my daughter’s hospitalization would be covered by our health card before they admit her; otherwise, I‘d have to take her to another hospital which is much more affordable than WCMC. Here’s the thing… My daughter was given her own health card with a coverage of P130,000 per illness and this was provided by my husband’s previous employer as one of their company benefits. He resigned from this company last April 2014 and he is currently employed in his new company with no health card provided since he’s still a probationary employee. After a long verification process with the hospital personnel and health card provider, my daughter’s admission at WCMC was finally approved with full coverage except for a portion of the bill that was supposed to be shouldered by Philhealth. As for Philhealth, the member is required to have at least 6 months of contributions from the date of admission. That sounded like another issue because my husband has only been employed in his new company for 3 months and was unemployed for 3 months prior without contributions after he resigned from his previous company in April. The Philhealth personnel at WCMC was kind of confused with the situation and she initially advised us to accomplish and submit duly signed CF1 form with Certificate of Contribution from his previous company. But she later advised that we should get those requirements from my husband’s current company instead. That’s what we did and we also got a copy of his MDR (member’s data record) at the Philhealth office in Alimall Cubao. Our total hospital bill was P59,000. P9,000 was covered by Philhealth and the rest was covered by our health card provider. We also paid P500 for miscellaneous fee. Our daughter, Macey, is doing pretty well now and we’re very thankful to my husband’s previous company for providing us a health card that even if he’s no longer with the company, he was still able to avail of its benefits. It’s the second time that we used that health card for hospitalization. The first was when my mother-in-law was hospitalized and everything was also covered by the card and it happened during his first month of employment in the company. That family health card is expiring very soon (end of November 2014) and my husband doesn’t have a new one yet from his current company. I also have none as of the moment because I am self-employed and the health card that was given to me by my previous company is also expiring this month. What I needed to do now is to find a good health card package that is within our budget and that could cater to our health needs especially when our little one gets sick again (hopefully not again). I know that having a health card is also one way of securing not only our health but also our pockets. Sabi nga ng isang commercial, “mahal magkasakit”. I also believe that prevention is better than cure. But in some cases, sickness happens no matter how much we try to take care of ourselves and prevent from having diseases/illnesses. And this is one of the reasons why aside from saving a portion of our income for emergency fund, it’s also necessary to have a good health card coverage much like having a life insurance. “Good health is not something we can buy. However, it can be an extremely valuable savings account.” -Anne Wilson Schaef- If you’ve reached this far, you’re probably curious now on what health card we have. It’s actually Maxicare. In my previous company of 7 years, our health card provider was also Maxicare and I never had any issue with them. This is my first choice of health card should I get one for my family but I’m also considering other options out there. How about you, what’s your health card and how’s your experience with your provider?
Macey at the hospital (a day before she was discharged)

Here’s the thing…

My daughter was given her own health card with a coverage of P130,000 per illness and this was provided by my husband’s previous employer as one of their company benefits. He resigned from this company last April 2014 and he is currently employed in his new company with no health card provided since he’s still a probationary employee.

After a long verification process with the hospital personnel and health card provider, my daughter’s admission at WCMC was finally approved with full coverage except for a portion of the bill that was supposed to be shouldered by Philhealth.

As for Philhealth, the member is required to have at least 6 months of contributions from the date of admission. That sounded like another issue because my husband has only been employed in his new company for 3 months and was unemployed for 3 months prior without contributions after he resigned from his previous company in April.

The Philhealth personnel at WCMC was kind of confused with the situation and she initially advised us to accomplish and submit duly signed CF1 form with Certificate of Contribution from his previous company. But she later advised that we should get those requirements from my husband’s current company instead. That’s what we did and we also got a copy of his MDR (member’s data record) at the Philhealth office in Alimall Cubao.

Our total hospital bill was P59,000. P9,000 was covered by Philhealth and the rest was covered by our health card provider. We also paid P500 for miscellaneous fee.

Macey-playing
Macey playing…

Our daughter, Macey, is doing pretty well now and we’re very thankful to my husband’s previous company for providing us a health card that even if he’s no longer with the company, he was still able to avail of its benefits. It’s the second time that we used that health card for hospitalization. The first was when my mother-in-law was hospitalized and everything was also covered by the card and it happened during his first month of employment in the company.

That family health card is expiring very soon (end of November 2014) and my husband doesn’t have a new one yet from his current company. I also have none as of the moment because I am self-employed and the health card that was given to me by my previous company is also expiring this month.

What I needed to do now is to find a good health card package that is within our budget and that could cater to our health needs especially when our little one gets sick again (hopefully not again). I know that having a health card is also one way of securing not only our health but also our pockets.

Sabi nga ng isang commercial, “mahal magkasakit”.

I also believe that prevention is better than cure. But in some cases, sickness happens no matter how much we try to take care of ourselves and prevent from having diseases/illnesses. And this is one of the reasons why aside from saving a portion of our income for emergency fund, it’s also necessary to have a good health card coverage much like having a life insurance.

Good health is not something we can buy. However, it can be an extremely valuable savings account.” -Anne Wilson Schaef-

If you’ve reached this far, you’re probably curious now on what health card we have. It’s actually Maxicare. In my previous company of 7 years, our health card provider was also Maxicare and I never had any issue with them. This is my first choice of health card should I get one for my family but I’m also considering other options out there.

How about you, what’s your health card and how’s your experience with your provider?

Categories
Investment Stock Market

I could have doubled my money, but 30% profit is not bad

I bought LRW (Leisure & Resorts Warrants) at P3.2 per share last October 27, 2014. During that time I’ve been hearing a lot of good news about this company so after doing my own research, I decided to buy a FEW shares (I wished I bought more!)

8 trading days later, I checked my portfolio while in the hospital and I was surprised when I saw that it already reached 30% gain. My short term goal for this stock is 20% and it even exceeded it. I was kind of confused if I would continue to hold it and wait for it to even go higher OR be satisfied with my returns and sell it before it’s too late.

The latter prevailed so I sold all my shares and I was very happy with my 30% profit.

And today, I checked the numbers of LRW and I was amazed with its performance. Little did I know that it continued its bullish trend since I sold my shares two days ago. And now its recorded high was almost double than my buy price which means that had I not sold my shares yet, I would have doubled my money. And that’s a 100% profit, waaaahhh!!! Sayang!

But I didn’t know that it’s gonna turn out that way. A lot of times in that past I thought that the stocks that I bought will go up and I will take home good returns but most of them didn’t happen that way and up until now, some of those stocks are still showing RED on my portfolio. Now that I got the chance to choose a good stock, I sold it too soon.

I wanted to get back into the game but I think it’s too risky already. The value of the stock is too high and the chance of getting good profits is smaller now because it’s been bullish for a couple of days and it might soon reach its “resistance” level (when it’s gonna bounce back and move sideways or even go bearish).

I’ll just try to convince myself that my 30% returns is way way better than the less than 1% interest in the bank and that I should be thankful for this opportunity.

Btw, I’m not that good in technical analysis thus I don’t use technical terms that much. I only share my experiences in the stock market based on how I understand it and I hope you understand it too. 🙂

Categories
Investment Stock Market

Goodbye, JAS (Jackstones, Inc)

After putting JAS on HOLD for 4 long months, I finally sold it today at a loss. It’s difficult for me to sell a losing stock but I had to do it, otherwise, the loss would even get bigger.

I bought it in June 20, 2014 when the price was ranging from P5 to P5.5 per share. It seemed to be an active stock during that day or week so when it hit P5, I bought 2,000 shares thinking that it was a good opportunity. Unfortunately, it didn’t happen like I speculated.

One of the big mistakes in investing in the stock market is not researching enough about the stock. In short I, myself, just speculated and sadly, it didn’t work for JAS. Another lesson learned for me.

I actually had no plans of selling JAS this early but I received a TENDER OFFER from JAS to sell it at P2.7 per share. Based on how I understood the memo, JAS will be handled by another group of directors or company and will make it private which means that they’ll remove it from the public listing of the Philippine Stock Exchange. Having said that, they’re encouraging stock/shareholders to sell their remaining shares with JAS until November either through the tender offer which is P2.7 per share or by selling it directly based on the current market price.

Like I said earlier, I only have 2,000 shares of JAS which I bought at P5 per share and considering their tender offer of P2.7 per share, I don’t think it’s fair to let go of it at almost 50% loss. The market price of JAS as of this writing is P3.9 per share but the highest bid is P3.75. Without thinking twice, I sold all my remaining shares with JAS at 25% loss. Yes it’s a loss but it’s definitely better than the 50% loss if I accepted the tender offer.  

It’s also a good thing that I didn’t invest much on this stock. Had I invested more, for sure that 25% loss would be equivalent to a pale of tears and regrets.

Goodbye now, JAS (Jackstones, Inc)! I only had you 4 months ago but I stayed with you until the end of your public listing. I got my capital back at a loss but the lessons I learned were all worth it. Hope you get better and more successful in your new home. 

Categories
Insurance Investment

My Own Way of Saving the Lives of Other People

I attended a meeting today at Philamlife and I learned a lot of things from the speaker but I just want to share ONE important thing that touched me the most.

I usually write long posts but I’ll make this one short and sweet. 🙂

The main role of an Insurance Financial Advisor or Premier Agent (no matter what insurance company we’re from) is TO SAVE THE LIVES OF OTHER PEOPLE, mainly our clients.

I never expected that I would join the world of Insurance. My only purpose when I asked my friend who works in an Insurance Company was to know how I could avail of Life Insurance for myself and for my husband. And I never thought about getting one until we had our first child.

I guess you know what lies behind an Insurance Policy. It’s something that a lot of us are not interested to talk about but we know that IT IS IMPORTANT. I won’t be digging much into the details of having a life insurance because I know it’s kind of a sensitive matter and not a lot have an open mind to discuss things like this. But here’s my take on this…

Nobody wants anything negative to happen. But we all know that nothing is certain in this world. ANYTHING can happen. We just don’t know when.

When I got my own insurance, it somehow gave me that sense of security and peace of mind, not only for myself but also for my loved ones. But I’m not saying that you too should get one for yourself. I believe that having an insurance is not for everybody. It may sound like a contradiction to my role as a Financial Advisor but I’m just being honest. If you’re single, young, and no one depends on you, then you might not really need one, unless you want to or you have other reasons to have one for yourself.

I thought that if I am positive about having insurance, then maybe I can also share it to others. So, I joined Philamlife. I knew a lot of people have negative impressions and misconceptions about insurance and I respect them. But here’s what I have to say…

I joined the insurance company to touch and save other people’s lives.

I know this line has been overused and I’m sure you’ve heard of this a lot of times but honestly, this is what I live up to. This is my motivation and this is part of my advocacy of spreading financial literacy. And I’m sharing this not only because I am with Philamlife, but because this is what I believe in and I’m hoping that by doing this, I would somehow be able to add value to my life and the lives of other people.

Disclosure: I am a Licensed Financial Advisor of Philamlife. Should you be interested to know more about its products, you may contact me directly through my Contact Page. (Don’t worry, consultation is FREE! 🙂 )

Categories
Investment Seminars

Andrew Stotz shares his Investing Principles in the Philippines

I was surprised when I received an email yesterday from Ms. Rizchelle Sampang-Manaog of the CFA Society of the Philippines. She said that she came across my Pinay Investor website while digging articles about Andrew Stotz.

I knew I haven’t written an article about Mr. Andrew Stotz but I already met him when I attended the Philippine Retail Investment Conference (PRIC) last May 28, 2014. Then I remembered that I posted a photo of him on my Photo Gallery page which might have led Ms. Rizchelle to this site.

Anyway, she asked me if I would be interested to write a blog about Mr. Andrew Stotz or schedule a one-on-one interview with him at 3PM today, October 1, 2014.

I didn’t know what to say. I was surprised! 🙂

I’d love to write a post about him but having an interview with someone like him, someone who I look up to in the world of investing, is something that I’ve never expected or even thought of happening. I mean it’s a great opportunity for me and for Pinay Investor and it would be an honor to interview him but I felt that I’m unprepared. 🙂

Ms. Rizchelle only contacted me yesterday and the interview with Mr. Stotz is scheduled today and I was just overwhelmed with the turn of events. 🙂 And because I also have another appointment set today, I had to decline to the invite and I wished there’s another opportunity like this next time. But I promised to write a post about him and so here it is…

Andrew-Stotz-Philipines Mr. Andrew Stotz is the current President of the CFA (Chartered Financial Analysts) Society of Thailand. He is an award-winning financial analyst and Investing-in-Asia expert who has spent more than 20 years analyzing and investing in Asian stock markets. Through his work, teaching, and consulting he has helped thousands of people move closer to their financial goals.

Like I said earlier, I first met him at the Philippine Retail Investment Conference where he personally handed me this small piece of index paper with his Info Card. This piece is valuable to me because this is where I wrote my first Financial Plan with the guidance of Mr. Stotz himself.

Written-Financial-Plan-by-Andrew-Stotz

The photo is blurry but here’s what’s written here.

I, JANICE, will NOT get rich in the stock market.

I am 28 years old, want to retire when I am 50 and will live a happy life until 100.

My investing horizon is 20.

My retirement horizon is ___.

I will manage my money for the next 70 years.

This is an example of a Written Financial Plan that we (participants) copied from Mr. Stotz. We filled in the blank spaces and we did some computations to come up with the numbers. I don’t remember why it’s blank on the second to the last line. Maybe I failed to compute for the correct number. 🙂

I also remember that he facilitated an interactive game before his talk, where each of us used a 1-peso coin. I wished I won but I didn’t, thus I missed the free financial consultation with him. 🙁

Andrew-Stotz-at-the-Philippine-Retail-Investment-Conference
Andrew Stotz at the Philippine Retail Investment Conference 2014

Aside from the written Financial Plan, I also learned about his Core Investing Principles:

  • You will not get rich in the stock market
  • Have a written plan
  • Time horizon is very long, build wealth carefully
  • Time is the easiest way to success in the stock market
  • As you get older, reduce your exposure to stocks
  • Every interaction with money causes emotional and biological changes in your body
  • Reducing risk is more valuable than picking winners
  • The past and present are more important and knowable than the future
  • Have no “memory” about any stock, be willing to buy it again
  • Stay concentrated, avoid owning less than 10 stocks or more than 20
  • Be most worried about stocks when everyone is positive about them
  • Don’t get stuck in any one style (value, growth, etc) or guessing when styles shift
  • Think of each investment as relative to another

I’m a newbie in stock market investing but I’m continuously learning by following principles like these of Mr. Stotz.

Andrew-Stotz-shares-Investment-Tips-to-Universities-in-the-Philippines We’re privileged because he’s currently in the Philippines for his #StotzOnCampusTour, to conduct a series of speeches in some universities to introduce his Principles for a Lifetime of Investing.  The schools that he will visit are De La Salle University-Dasmarinas, University of Mindanao, Ateneo de Davao University, Colegio de San Juan de Letran, and De La Salle University-Manila.

The financial world is totally overwhelming for most people, particularly those with no experience or interest in the area that’s why Mr. Stotz developed these principles to make it easier for us to follow and implement. His more than 20 years of experience in teaching finance at universities, in addition to his full-time job as a financial analyst, makes him perfect placed for this task.

These outreach efforts of Mr. Stotz is a great opportunity for us especially the students who will be equipped with a new hope and a clear path toward managing their own financial lives. And crucially, they will have in their hands a simple financial plan that they can follow for the rest of their lives.

Mr. Stotz has also been interviewed by Ms. Salve Duplito of ABS-CBN’s News Channel (ANC) “On The Money” program and I can’t wait to see that episode. 🙂

It’s with a heavy heart that I missed the opportunity to see and interview Mr. Stotz but I support him in his efforts to teach investing principles to Filipinos especially the students who will be the next leaders of the country.

Thank you Mr. Andrew Stotz and I hope to see you again soon! 🙂

Source:
Veteran of the Financial World Shares His Investment Tips in the Philippines (shared by Ms. Rizchelle Sampang-Manaog of the CFA Society Philippines)
http://www.linkedin.com/in/andrewstotz
http://andrewstotz.com
http://www.slideshare.net/andrewstotz/investing-core-principles-at-pric2014