Let's Talk Money!!!

by D. Sanchez on Sat Sep 27, 2008 3:52 pm

Experiencing financial crisis today!

What you know about money, how it affect you?
What you think about the rich people?

by alphawex on Thu Oct 02, 2008 6:24 am

money controls us.. it affects everybody.. rich people sucks..

by FloydSteven on Thu Oct 02, 2008 8:02 am

Sabi nga si former WWF Wrestler Ted Dibiase aka Million Dollar Man -- "Everybody's gotta price, everybody gotta pay coz the Million Dollar Man always makes his way".

by dakingleaves on Thu Oct 02, 2008 11:14 am

Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

by coolzam on Thu Oct 02, 2008 11:35 am

dakingleaves wrote:Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

nabanggit mo yang stock market....may tanong ako..

magkano ba dapat i-invest sa stock market and ano-ano ang mga consequences na darating?

ano ang patok na small business ngayon?

by rafer on Thu Oct 02, 2008 12:37 pm

coolzam wrote:
dakingleaves wrote:Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

nabanggit mo yang stock market....may tanong ako..

magkano ba dapat i-invest sa stock market and ano-ano ang mga consequences na darating?

ano ang patok na small business ngayon?

well, as far as my little knowledge goes sir, sa stock market, depende sa stocks na bibilin mo, let us just say:

PLDT, kung magkano minimum stocks nila let us just say 260,000 shares at P5.60 per share so, i multiply mo lang yun, tapos check mo yung mga dyaryo and the news for stock updates kung nagmura or nagmahal yung stocks mo, pag nag negative yata, talo yung pera mo, let us just say P1,000,000 yung na invest mo tapos pag nag negative yung stocks mo, eh di talo ka, say, P800K na lang value ng binili mong P1,000,000....pero pag nag increase naman yan eh di mas ok, panalo ka...

i suggest if you know a stock broker na ka close mo talaga, siya bahala sa stocks mo kung talagang may pera kang susunugin...

i was supposed to go to stocks kaso di ako sure kung anung stocks na mura pwede ko invest eh kasi yung mga blue chip stocks like PLDT, ABS CBN etc.. mahal pag minimum investment mo....

that's just as far as my knowledge goes sa stock market....

as for small business, i suggest you go sumali ka sa mga bazzars or tiangge kasi yan ang patok ngayon, kaso kailangan mabenta products mo kasi per day ang bayad sa mga tiangge rentals eh...

Smile

by lonelyguysolid on Fri Oct 03, 2008 7:58 pm

Tungkol sa mga tiangge:

Tama si Master tungkol sa rental na daily, ang tanong kasi dun kung saan. May mga places na 5 figures ang rent so better be confident in your products, laki talo pag di mabili

by coolzam on Fri Oct 03, 2008 8:13 pm

naisip ko din yan eh...gusto ko ipasok yung munting negosyo ng tatay ko sa mall or kahit night market man lng...nag bebenta kasi ng cigarretes and lighter ang tatay ko sa divisoria sa riles along recto...every night...lam nyo naman sa divisoria dami buwaya tong dito tong doon..pag walang tong huhulihin mga kawawang tindero sa divisoria....ang disadvantage nga lng sa mall or night market is till 12midnight lang sila...eh ang pwesto ng tatay ko is pwede overnight....which is mas malaki din ang kita ng tatay ko sa bangketa...

by rafer on Fri Oct 03, 2008 8:49 pm

i think you should try in exclusive subdivisions if you have relatives / friends there....tulad ng mga Corinthian Gardens, Philam Homes in QC, etc... nagtatayo sila ng tiangge usually pag papasok na ng Christmas,

pag tulad sa mga World Trade Center, usually niyan P5,000 pinaka mababang upa ng daily, yun ang mahirap dun kung kaya mo i raise yun kung araw araw ang renta...

Smile

kaya ako if i were you, be a full time pimp, hahahahaa wala kang capital and yet malaki rewards, mwahahahahahaha

by 707947 on Fri Oct 03, 2008 8:57 pm

At this hour of Caucasian economic peril... cash is king. That said, you do
not touch your savings account... work like a dog being a good employee
and sustain your job... your Boss is God at the moment
your mutual funds pay just the same as your bank account
so let the money stay in a Decent bank... watch the PDIC insurance
ceiling... 250k... your account must not grow above that... if you have
more cash... open more accounts in different banks to ensure that
PDIC has covered your money. Never spend more than you actually earn
Save as much money and just get what you need...

dakingleaves wrote:Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

by rafer on Sat Oct 04, 2008 3:15 am

707947 wrote:
At this hour of Caucasian economic peril... cash is king. That said, you do
not touch your savings account... work like a dog being a good employee
and sustain your job... your Boss is God at the moment
your mutual funds pay just the same as your bank account
so let the money stay in a Decent bank... watch the PDIC insurance
ceiling... 250k... your account must not grow above that... if you have
more cash... open more accounts in different banks to ensure that
PDIC has covered your money. Never spend more than you actually earn
Save as much money and just get what you need...

very well said sir, i would just like to ask your thoughts on having a checking account and how much is usually the minimum for opening one??

thanks

dakingleaves wrote:Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

by ccchick on Sat Oct 04, 2008 10:47 am

for the checking account, i think it depends on the bank..

i agree that you have to keep 250k max sa isang bank ksi di ka agad mababayaran if ever mag close sila. tatagal p ung process. in the end ang ibabayad sau eh ung properties n meron sila.

by D. Sanchez on Sat Oct 04, 2008 11:20 am

I would like to invite you and give you the opportunity to attend this event.

by D. Sanchez on Sat Oct 04, 2008 11:23 am

My San Miguel Brewery stocks are being battered up low values from 11.50 to 10.75 pesos today. However I bought them last may 2008 at 8.00 pesos per share. ALI stock are also been hit black and blue but managed to stay up from time to time. My mutual funds are very low in return these days.

rafer wrote:
coolzam wrote:
dakingleaves wrote:Let's make this thread a little more productive...

San ba magandang mag-invest?

Mutual Fund?
Stock Market?
Start a Small Business (ala Isaw-Isaw)?

Can anybody give us some insights on how to become "filthy" rich?

nabanggit mo yang stock market....may tanong ako..

magkano ba dapat i-invest sa stock market and ano-ano ang mga consequences na darating?

ano ang patok na small business ngayon?

well, as far as my little knowledge goes sir, sa stock market, depende sa stocks na bibilin mo, let us just say:

PLDT, kung magkano minimum stocks nila let us just say 260,000 shares at P5.60 per share so, i multiply mo lang yun, tapos check mo yung mga dyaryo and the news for stock updates kung nagmura or nagmahal yung stocks mo, pag nag negative yata, talo yung pera mo, let us just say P1,000,000 yung na invest mo tapos pag nag negative yung stocks mo, eh di talo ka, say, P800K na lang value ng binili mong P1,000,000....pero pag nag increase naman yan eh di mas ok, panalo ka...

i suggest if you know a stock broker na ka close mo talaga, siya bahala sa stocks mo kung talagang may pera kang susunugin...

i was supposed to go to stocks kaso di ako sure kung anung stocks na mura pwede ko invest eh kasi yung mga blue chip stocks like PLDT, ABS CBN etc.. mahal pag minimum investment mo....

that's just as far as my knowledge goes sa stock market....

as for small business, i suggest you go sumali ka sa mga bazzars or tiangge kasi yan ang patok ngayon, kaso kailangan mabenta products mo kasi per day ang bayad sa mga tiangge rentals eh...

by D. Sanchez on Sun Oct 19, 2008 11:07 am

Watch out for the ad at youtube

by vicaner on Sun Nov 02, 2008 3:28 pm

The stock market is quite volatile at the moment, I was actually thinking of taking the plunge last year coz my cousin invested some money in a mutual fund and got lucky last 2007 but I held off . Good move on my part for if I did invest last year I would be at the losing end at this moment. My cousin said that his investments were almost wiped out (earnings wise) but for new investors the time to decide might be now coz most stocks and funds are very low at the moment and with the election of a new american president (most likely Obama) investor confidence in the states may very well rise and world markets usually follow the NYSE, plus the US bailout plan is already being implemented so this should boost market trading but don't take my word for it, investments are gambling chips just like bro rafer said, this is money you are willing to burn.

by razero on Wed Nov 12, 2008 10:43 am

Not an expert on this but I have started to put my mind in this endeavor. There is no secret in getting rich. Anybody can get rich but the only problem is how. I have read a book that says rich people let their money work for them and the other side of that is " people work for money".

Where to invest is the next question, am I right? savings, mutual funds, real estate, internetmarketing. dami pa iba.

I think it depends on how much savings you have. The next possible question is naka-save ka ba?

Probably yes probably no. I am like everyone here. I earn a salary every month and I spend that salary for my family and their needs.

I have found a better way to save and I would like to share this with you.

I take 15% of may salary and put this in a safe palce that I cannot withdraw no matter how I wish to. The remainder of my salary I budget. Difficult sa first but it will become automatic if you do it thrice already.

The more savings that you have the better for you because you can start investing in the items I have mentioned above.

Do not put your life time savings in in one bucket. Distribute it. Mutual funds, stocks and maybe internet. Many will say ang mahal mag invest sa stocks at di sigurado. Well yes and no. Get a good broker and start small but make it regular. Do you know that you can start investing in stocks with blue chips for just a starting of 5k investment per month. But this one is a long term investment. This is a conservative approach. The other approach which I do not recommend if you are not stock savvy is play the stock markets by doing the technical techniques employed by stock brokers.

Just simple family rules that I follow in my savings and budget:

Insurance(health and lifeor non life)
Rent/House Amortization (if applicable)
Food
Education
Utilities

These are the basics. If you know how to budget focus on these items and you will be surprised that kaya mo pala pagkasyahin ang karampot mo na kinikita at makaksave ka pa.

Most employees the Insurance is already taken care of by employer all you need to do is add your children or your wife. Insurance is vert important.

Stop muna. gtg

by D. Sanchez on Wed Nov 19, 2008 2:12 pm

Life Insurance is important for me even if I am a single guy. I do have insurance from a well-known insurance company and also have GSIS which I pay annually for 1000 pesos.

If you are investing in a blue chip company try looking at the top 32 listed companies in Philippine Stock Exchange Index (PSEi) where you can get an idea.

Government Securities would also be ideal if you are willing to lend your money with the government in an x period of time and xx.x % interest when you claim your money.

by jackbrng on Wed Nov 19, 2008 2:48 pm

razero wrote:
Do not put your life time savings in in one bucket. Distribute it. Mutual funds, stocks and maybe internet. Many will say ang mahal mag invest sa stocks at di sigurado. Well yes and no. Get a good broker and start small but make it regular. Do you know that you can start investing in stocks with blue chips for just a starting of 5k investment per month. But this one is a long term investment. This is a conservative approach. The other approach which I do not recommend if you are not stock savvy is play the stock markets by doing the technical techniques employed by stock brokers.

tama ito, diversify. maaring humina yung isang investment mo at at lumakas yung kabila, at least may chance mag-offset. Look at San Miguel, pinasok na nila Meralco which is different from their core business.

by jackbrng on Wed Nov 19, 2008 2:55 pm

D. Sanchez wrote:
Government Securities would also be ideal if you are willing to lend your money with the government in an x period of time and xx.x % interest when you claim your money.

maganda itong government securities para sa mga conservative investors dahil zero risk ito, meaning babayaran ka talaga ng gobyerno, yun nga lang maliit interest nito compare sa iba.

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