The Ant Philosophy (Jim Rohn)

We Pinoys are familiar with the elementary fable Si Langgam at si Tipaklong.

The story is essentially teaching its readers the value of preparing one’s future at the present. I never thought that after 15 years, I would need to remind myself with its golden lesson when it comes to managing my finances.

And I know that every hardworking man should be reminded too of its morals so as not to put to waste whatever it’s they’re working on now.

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Are you a langgam, or a tipaklong?
The choice, as always, is yours.

Read below Ant Philosophy by Jim Rohn I got from our group and let it guide and inspire you this new start of the week.

Have fun investing (with an inspiration from the ant)!

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Meet Your Support Group!

It's lonely to build your wealth alone.

Aside from the fact that it's more difficult to do it, the journey is actually more meaningful  if you have a support group behind you, to remind you, to cheer you up, and to help you.

To help you get you back to your senses when you're feeling like giving up, and to provide you that unlimited free push towards achieving your own personal dreams!  

To answer your questions, to give clarity in your doubts.

And yeah, the group is made for-Filipino-by-Filipino, so expect to be uber-fun here!

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Join the group, ask questions, learn, contribute, earn and share with your fellow investors.

Meet them here!

Have fun investing!

PS: Are you alone in your journey to your financial independence?
Time has proven that achieving something is always much easier by doing it with a team. Successful companies have a team backing it up. Each organization has its own team. Even Jesus had to call His disciples in starting His ministry.

Join our team in spreading financial literacy to others as we share and impart our learning to our fellow Filipinos! Be mentored too by no less than Lyndon Malanog, Financial Coach of Bo Sanchez and Truly Rich Club. 

Check more details here.

PS2: For beginners, download Bo Sanchez' pdf ebook - My Maid Invests in the Stock Market... and Why You Should too!
Click here to download for free!

Is it good to buy preferred stocks? (by Henry Ong)

Just sharing today an article from Inquirer about preferred shares. This is in contrast with what is called as common shares in a stock market.

What preferred shares are and it characteristics are explained below. This is written by Mr Henry Ong, the current director of RFP (Registered Financial Planners) Philippines.

Read on and enjoy!

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What is a blue chip in stock market?

Here’s an interesting account from what Sir Gus Cosio has to say about blue chip in the stock market.

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"The term "blue chip" as I recall, arises from the white, red and blue chips that poker players use instead of cash. White chips are the smallest denominations and are normally used for ante. The red chips have the second largest denomination while the blue chips are the largest. The logic of poker players is to be able to stay in the game as long as they can because the chances of being dealt a very high hand would increase as the game progresses. For this reason, poker players keep the blue chips for high probability winning hands. Hence, the term blue chips in stock investing implies the high probability of profit or the sure thing. Technically, traditional fund managers define blue chips as stocks that have proven earnings model, regular dividend payout and steady growth prospects. Blue chips do not remain blue chips all the time. Some examples in the US are General Motors and Ford. Harsh economic conditions can alter the fortunes of even the strongest companies. AAPL, for one was a NASDAQ company for a long time, now it is the largest market capitalization in the world at 600 billion. In short, the term blue chip should be appreciated in both the intrinsic and extrinsic conditions of companies. This should tell you that there is no substitute for a regular review of investments in your portfolio. Blue chips may turn it's color."

A bit of info for you!

Have fun investing!

PS: You have question? Get them answered in our growing facebook group!
Find your support group there!

Free Financial Literacy Program for Pinoys in SG!

Free Financial Literacy Program for Pinoys in SG!

Are you a Pinoy in Singapore? Then this is for you!

Read details below and start being a manager of your financial life!

Seats are limited so better sign-up and reserve for a slot now.

If you’ve been in this blog for some time, you’ve probably known that my heart belongs to our dear OFWs. So if you also know someone in SG who you think needs this, spread this and help them start build their wealth and go back to the Philippines with much more financial peace.

By the way, its speaker Randell Tiongson is one of our mentors in the recently concluded RFP (Registered Financial Planners) Program. I was part of its batch 28 run (which the organizers say is the most vibrant batch so far HAHA) and am just so fortunate to meet this great guy in person. 

I personally love his emphasis on research, values and integrity which I think are the things that greatly differentiate him from the rest of financial coaches out there.

I am excited to make a review on his approach to financial planning in my future blog, but in the meantime, enjoy learning from him in his personal blog. He also has another seminar offering - the NO NONSENSE SEMINAR on FINANCE:How to invest for the future! with details you can find here.

That's it!
Happy Monday!
Enjoy this free gift!

Have fun investing

PS: A group of Pinoys in Singapore is also cooking another gathering that can serve as a regular venue for financial literacy discussions. This is also a good chance for you to network with other Pinoys in Singapore as you go along your financial freedom journey.  Discussions about the event is going on right now so join our Facebook group and just look for the thread dedicated to that.

PS2: This is important. Hang around for the next blog where you can get a chance to have a personal finance plan, still for FREE.  

What is a personal finance plan?

It’s a plan that will help you achieve your life’s goals focusing on its financial aspect. Yes, we’re talking about life’s goals so this must be big.

In a nutshell, a financial plan will help you have a gauge on where you are right now, where you want to be, and detailed action plans you can possibly take.

This is rather serious as we’ll meet personally a few times to gather data and discuss things.

No any sort of selling, just serious planning that can be of help towards your dream life.

Comment below if you need more details.

What’s the minimum amount you can deposit to your COL Trading Account?

What’s the minimum amount you can deposit to your COL Trading Account?

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There are basically two options for you to fund your COL Trading Account.

• Online Banking via Merchant Payment
• Over-the-Counter via Merchant Payment

Note that these are only applicable to the three banks: Bank of the Philippine Islands (BPI), Banco de Oro (BDO) and Metrobank.

But what’s the minimum amount you can deposit to your COL Trading Account?

The fact is that you can add to your COL trading account any amount you want, but I just found out below new regulation of COLFinancial.com Inc regarding funding that we as clients should be aware of.

*Service Fee for deposits less than Php500.00
     Please be advised that effective July 16, 2012, deposit/merchant payments of less than P500 per transaction made through our partner banks will be      required to settle the service fee charged by respective banks. The service fee varies depending upon which bank you choose:

     Over the Counter (via bank's merchant payment system)

     Banco de Oro - Php15.00
     Bank of the Philippine Islands - Php20.00
     Metrobank - Php25.00

     Online Banking

     Banco de Oro - Php10.00
     Bank of the Philippine Islands - Php10.00
     Metrobank - Php4.00

     (The above rates may change depending on the charges rendered by the bank)
     Please be guided accordingly.

That means if you’re thinking of adding small amounts less than 500, you better hold it first and add it up to your next funding activity until it reaches the minimum 500.

As investors, we should also find ways on protecting our money and not just finding ways to grow it; and this reminder is one way of our asset protection.

There you go! Be guided! Happy Monday!

Have fun investing (and funding with at least Php500)!