Investment Opportunities and Financial Literacy for every Overseas Filipino Worker
July 31, 2011 Leave a comment
For OFW’s (Overseas Filipino Workers) living in Bangkok, Thailand.
There is a mass held in Tagalog every Sunday around 5:00PM.
Details below:
PARISH OF MARY HELP OF CHRISTIANS
Address: 32 Krungthep-Krittha Road, Huamark, Bangkok (Thailand)
Tel # : 02-7317100
Website : (http://misangtagalogsabangkok.blogspot.com)
Email : jtamayosdb@hotmail.com
See you there.
July 28, 2011 1 Comment
Investment Tip : Hold for a Long Time
In short term, stock market tends to be volatile. So be prepared to hold your investment for a long time.
Trying to predict the stock market movement for a short term is not only impossible, it is also madness. (Unless, you unlock the secret to time-travel.)
Investor should focus on the companies and not on the stock price. If the value of the stocks you are holding drop or do not move, but nothing has changed on the companies business, your patience in holding such stock will likely pays-off.
However, in reality, several investors become frustrated when the stocks of the company they are holding (which have a good business fundamental) do not move for weeks or months.
Be patient and focus on the company’s business fundamental. In the long run, the market will properly value and appreciate your stocks.
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July 25, 2011 4 Comments
What’s the right age to retire?
This is the question that always comes in my mind especially, when I feel too stress with my work.
Life is too short, and I don’t want to spend most of it in a very stressful corporate world. Right now, I am planning to retire at the age of 50.
You may say that this age is too young for a retirement but, I don’t want to retire at an age were simple walking at the park will be too hard for me.
Actually, there were so many things on my bucket lists and I want to fulfill them all.
My 2 plans for retiring early.
1. Through thick and thin (whatever happens to the world economy), I faithfully put a certain amount to my investment. This may requires discipline but once, you get used to it. It will just be like putting a coins regularly to your piggy bank.
2. I always have a 6 months emergency fund (park at my savings account) that I can use for any financial emergency. This will protect my investment from any cases were a large sum of money is needed.
I am 36 years old now, and I still have 14 more years to invest for my retirement. If god willing, I hope I can retire and financially free when my age of 50 comes.
So, what is your target retirement age?
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July 23, 2011 Leave a comment
I am an OFW (Overseas Filipino Worker) working as a Test Development Engineer from a semiconductor company based in Thailand.
Today (July 23,2011) marked my 7 years anniversary working abroad. Actually, before I work here I only plan to stay for only 5 years but my savings and investments are still not enough, and the other reason is a bank loan (for my house) that I need to pay. Also, since my kids are growing up now, and my expenses grows together with them. Right now, big chunks of my income goes to their school fees.
Honestly, I am still in a “Rat Race”.
But by investing a certain amount every time I get my paycheck. I am still optimistic that pretty soon I will get out of this race.
I guess I would be working few years here before I achieved my Financial freedom. Anyway, this company has now a branch in the Philippines. I hope I will be given an opportunity to work in this branch. I still prefer working in my own country.
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July 22, 2011 Leave a comment
As of this writing, the PSE index has made an all time high breaking the 4500 points level. I am expecting better returns on this 3rd quarter.
I have made a list of top 5 performing mutual funds in the Philippines as of the 2nd Quarter of 2011 (January to June 2011).
EQUITY FUNDS (primarily invested in Philippine Stock market)
1. Philequity PSE Index Fund – 4.4%
2. Sun Life Prosperity Phil. Equity Fund – 4.1%
3. Philequity Fund – 3.5%
4. Philam Strategic Growth Fund – 1.7%
5. Philippine Stock Index Fund – 1.1%
BALANCED FUNDS (primarily invested in Peso bond and equity securities)
1. Sun Life Prosperity Balanced Fund – 3.3%
2. Optima Balanced Fund – 3.1%
3. GSIS Mutual Fund – 1.6%
4. Philam Fund, Inc. – 1.25%
5. Bahay Pari Solidaritas Fund – 0.96%
BOND FUNDS (primarily invested in Peso bond securities)
1. Cocolife Fixed Income Fund – 3.20%
2. Philequity Peso Bond Fund – 1.55%
3. First Metro Save and Learn Fixed Income Fund – 1.25%
4. Sun Life Prosperity Bond Fund – 1.01%
5. Philam Bond Fund – 0.98%
Sad to say, that my FAMI Balanced Fund investment was still at a lost even on the 2nd quarter. Anyway, I am still optimistic that it will post a promising gain on the 3rd quarter.
Source : PSE and ICAP
July 21, 2011 Leave a comment
Banks Listed in PSE (Philippine Stock Exchange)
I have made a list of banks listed in the Philippine Stock Exchange and ranked them based on their Market Capitalization as of July 20, 2011.
- With a total of 809 Branches as of Dec2010. The Company’s principal subsidiaries are composed of BPI Family Savings Bank, Inc., BPI Capital Corporation, BPI Leasing Corporation, BPI Direct Savings Bank, BPI International Finance Limited, Hong Kong, BPI Express Remittance Corporation, Bank of the Philippine Island (Europe) Plc, Ayala Plans, Inc., and BPI/MS Insurance Corporation.
- Ayala controlled and managed bank.
- With a total of 572 branches as of Dec2010. MBT’s principal business activities involve borrowing and lending, trade finance, remittances, treasury, investment banking, and thrift banking. The Company’s customer base covers a cross section of the top Philippine corporate market, but has always been particularly strong in the middle market corporate sector of the economy, a significant portion of which consists of Filipino-Chinese business. MBT is also a major participant in the foreign exchange market in the Philippines, and is accredited by the BSP as a government securities dealer. MBT provides investment banking services through First Metro Investment Corporation and retail banking through Philippine Savings Bank.
- With a total of 726 branches as of Dec2010. BDO’s diverse subsidiaries and investments in allied undertakings provide an extensive range of banking and other financial services. The Company’s subsidiaries are as follows: BDO Private Bank, Inc., BDO Strategic Holdings, Inc., BDO Leasing and Finance, Inc., BDO Elite Savings Bank, Inc., EBC Strategic Holdings Corporation, BDO Capital & Investment Corporation, BDO Technology Center, Inc., Equimark – NFC Development Corp., PCIB Securities, Inc., PCIB Securities, Inc., PCI Reality Corporation, BDO Insurance Brokers, Inc., PCI Insurance Brokers, Inc., PCI Express Padala (HK) Ltd., PCIB Europe, S.P.A., Express Padala HK Ltd., BDO Remittance (USA), Inc., Express Padala Frankfurt GmbH, Equitable PCI Express Padala (Nederland)B.V.
- Sy Family controlled bank.
- With a total of 269 branches as of Dec2010. China Bank’s main businesses include corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, insurance products through wholly-owned subsidiary China Bank Insurance Brokers, Inc. (CIB) & Manulife China Bank Life Assurance Corp. (MCB Life), internet banking and mobile banking services and inward remittances through tie-ups with remittance companies and exchange houses in the Middle East, Asia and major US cities.
- Sy Family controlled bank.
- With a total of 130 branches as of Dec2010. SECB has investments in financing and leasing, foreign exchange brokerage, stock brokerage, investment banking and asset management through its wholly-owned subsidiaries as well as partial interests in a realty company. The Company’s principal business activities are organized into commercial and retail banking segment, corporate and investment banking segment, and treasury segment.
- UBP’s subsidiaries consist of Union DataCorp, Union Properties, Inc., First Union Plans, Inc., First Union Direct Corporation, UBP Securities, Inc., UnionBank Currency Brokers Corporation, UBP Insurance Brokers, Inc., and Interventure Capital Corporation. These subsidiaries are involved in businesses such as data processing, real estate administration, pre-need, financial products marketing, securities, foreign currency and insurance brokerages, and venture capital.
- Aboitiz controlled bank.
- PNB provides a full range of banking and other financial services to corporate, middle-market, small-medium enterprises and retail customers, as well as the national government, government agencies, local government units and government-owned and controlled corporations. PNB’s principal commercial banking activities include deposit-taking, lending, trade financing, bills discounting, fund transfers/remittance servicing, asset management, treasury operations, and comprehensive trust and retail banking services.
- Lucio Tan led bank.
- With a total of 357 branches as of Dec2010. As a universal bank, RCB is engaged in all aspects of banking. It provides products and services related to traditional loans and deposits, trade finance, domestic and foreign fund transfers or remittance, cash management, treasury, and trust and custodianship services. The Company also enters into forward currency contracts as an accommodation to its clients and as a means of managing its foreign exchange exposures. RCB and its subsidiaries are also engaged in all aspects of traditional banking, investment banking, retail financing, leasing, and stock brokering. Additionally, through its universal banking license, RCB is allowed to perform a number of expanded commercial and investment functions and to invest in the equity of a variety of allied and non-allied financial and non-financial undertakings.
- Yuchengco controlled bank.
- With a total of 180 branches as of Dec2010. Philippine Savings Bank (PSB) was incorporated on June 30, 1959 to primarily engage in savings and mortgage banking. In 1983, Metropolitan Bank and Trust Company acquired majority share in PSB, and in 2004 further increased its shareholdings to the present level of 75.98%. In 1991, the Company was authorized to perform trust functions, and in 1995, was granted quasi-banking license.
- A subsidiary of Metrobank.
- With a total of 64 branches as of Dec2010. PBC offers a wide range of products and services to clients. These include basic commercial banking services such as deposit products, Treasury and foreign exchange trading, trade-related services, credit and loan facilities, trust and investment management services.
Source : PSE (http://www.pse.com.ph/)
July 19, 2011 2 Comments
Do you have a bank savings account? How often do you make a deposit on this account?
Do you have a strategy in saving money?
There are 2 money savings strategy that I know, and I want to share it with you.
“Income – Expenses = Savings” Strategy
The formula means that the moment you receive your income (or salary) you go ahead for the expenses, and whatever left from your income will be your savings. Most Financial advisers and planner says that this approach is the saving habit of the poor.
I definitely agree with them.
So the next question will be : Is this your money saving strategy? If it is, you should be afraid because you will retire poor.
“Income – Savings = Expenses” Strategy
In simple language, at the moment you receive your income (or salary) you keep a certain amount for your savings and the rest will be for your expenses. They said that this is the “Saving Strategy of the Rich”, and if this is your money saving approach, you have a good chance of becoming wealthy.
This approach requires a high level of discipline. Actually, it is really a matter of the right order. (Save first then spend the rest.)
Quotes:
How much you earned will only matters less, what matters most is how much you save.
by: Anonymous
July 18, 2011 Leave a comment
JG Summit Holdings Inc.
The company is controlled by the Gokongwei Family, and was incorporated in November 1990 as their holding company with substantial business interests in branded consumer foods, agro-industrial and commodity food products, property development and hotel management, telecommunications, air transportation, petrochemicals, and international capital and financial services.
Below are the JG Summit subsidiaries listed in the PSE (Philippine Stock Exchange) and their Market Capitalization (as of July 15, 2011).
1. Ticker : URC (Universal Robina Corp.) – 98Billion php
- URC is the top food snacks company in the country.
2. Ticker : CEB (Cebu Air Inc.) – 53Billion php
- CEB is the number one domestic and low cost international airline in the Philippines.
3. Ticker : RLC (Robinsons Land Corp.) – 53Billion php
- Property and Mall developer.
4. Ticker : DGTL (Digital Telecom Philippines) – 10Billion php
- DGTL, by its famous unlimited call and text packages deal, was even able to snag a very profitable deal with MVP-controlled PLDT.
5. Ticker : OPM (Oriental Petroleum) – 3.1Billion php
- Exploration company with the purpose of exploring, developing and producing petroleum and mineral resources in the Philippines.
Source : PSE
July 17, 2011 Leave a comment
Aboitiz Equity Ventures Inc.
AEV is the public holding and management company of the Aboitiz Group of Companies. Its core businesses, conducted through various subsidiaries and affiliates, are power generation and distribution, financial services, food manufacturing, and portfolio investments.
For me I think their businesses were primarily focused on power generation and financial sector. As they said, “All you need is MONEY and POWER to prosper”, and I think the Aboitiz have it most.
Below are the AEV listed subsidiaries and their Market Capitalization (as of July 15, 2011).
1. Ticker : AP (Aboitiz Power) – 234Billion php
- From its IPO price of PhP 5.80/share, AP is now trading at more than 5 times that amount. After winning bid after bid for hydroelectric power plants, AP is the best stock to buy and hold for power generation exposure.
2. Ticker : UBP (Union Bank of the Philippines) – 39Billion php
- With 186 bank branches in the Philippines. Their presence could not be belittle by the BIG 3 banks (BPI, BDO and MBT).
I haven’t include the ATS (Aboitiz Transport System Corp.) on the list since, this company was already controlled by NENACO (Negros Navigation Company).
Source: PSE
July 16, 2011 Leave a comment
Metrobank just released their Philippine Economic outlook and forecast for the 3rd quarter of 2011.
For those who are interested to read their research and analysis of the Philippine economy, inflation, interest rate and foreign exchange (peso to dollar).
Please click on the link below.
source : FAMI (First Metro Asset Management)
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"The Overseas Pinoy Investor"
