Get the whole picture - Lessons I learned from ICON 2013

This is quite late, but here's my take home from the recent ICON  - Investment Conference 2013 last Saturday at SMX.

It was an event hosted by Randell Tiongson with speakers Chinkee Tan, Efren Ll Cruz, Dennis Sy and Marvin Germo and topics ranging from investment planning to entrepreneurship to stock market to money values.

I was luckily given a complimentary ticket so I felt to have given  that moral obligation to share what I learned with you.

So... here's my recap.

Randell started the show by sharing some macroeconomic insights, both good and bad, the Philippines currently has.

It was followed shortly by Chinkee Tan.

That was actually my first time to hear him talk and I was like sitting at the edge of my chair hanging on his every word.

He started by giving this basic equation: Minset + Action = Results.

Then he shared some loves of succeful people.

Love to think of new ideas

Love of challenges - the "Bring it on" attitude

Love to solve problems - problems of the world

Love changes : Innovate or Evaporate

Love to take calculated risks.

Love to take action

He was also the first to introduce to me the  term AQ (Adversity Quotient) as compared to the more popular IQ and EQ.

I have to agree when he said that at this point in our time, it's the AQ of a person that will make him much more successful than what his IQ can do for  him.

(I heard another life coach tell that the economy we have now is one that rewards more of the creative and collaborative type of contribution. With the advent of internet and easy access to information, the world is now less in need of intelligent people and is actually looking for those who can deliver something big from the vast knowledge we have now.)

He then shared below secrets:

Secret 2: Never put their eggs in one basket

Secret 3: Never kill the goose that lays the golden egg

Secret 3 actually hit me as I realized my negligence in taking care of my personal goose that lays for me a golden egg.  

He finished his talk with steps to do about money:

Create Money à Handle à Grow à Protect

The second speaker, Efren Ll Cruz, talked about investment planning.

His very relaxed way of presenting things into simpler terms is the thing I'll always admire of him.

Here's what in my notes:

1. Assess risk/return

With the short personality test we had, I found out that I have ESTP - overconfident/unrealistic persona.

2. Are you all SET?  This is a queston  for those thinking of direct investing in stocks considering the
Size of fund

Expertise in investing

Time available for investing

3. Before you invest - investigate.

4.Diversify

5. Review performance.

I guess the most important thing I learned from him is that a plan should be goals-driven instead of being  product-driven. It's a good reminder for those attached to any investment type forgetting the main reason why he's investing in the first place.

The third speaker, Dennis Sy, is also a great one.

I must say this is the best part for me.
I liked very much his wisdom coated with good humor.

It's always good to be hearing values about money from time to time.

His stories are real that can easily move his audience.

Some truths he shared are:
"For where your treasure is, there your heart will be also."

"Your value is your center."

He also emphasized the need to be producers against being consumers and the need to focus on the purpose of money.

The last one was delivered by Marvin Germo talking about the stock market.
Sadly I had to leave early so I was only able to hear some truths he shared about the stock market from his own experience.

Overall, it's a great venue showing  the complete picture of creating, managing, growing and using money.

I am quite ecstatic knowing that seminars like this have now a ready  market in our country.
And I know that we will soon reap the harvest of this kind of education.

Have fun investing (and learning)!
Omeng

PS: I'm brewing a technical analysis seminar soon.
With all the present commotion in the stock market, it pays for some to know more about timing,
If your're interested, let me know what you'd want to learn about TA.
In case this pushes through, you become part of those who can avail the biggest discount.

PS2: For beginners, download you perfect starter -My Maid Invests in the Stock Market ,  and start your journey to your millions now na.

PS3: I'm completing a video seminar (by Lyndon Malanog) to tackle critical things one should consider even before investing.
Watch here for the fist installment.

Are You Losing Clean Money? - The Price of Delaying Gratification

Being investors for some time now,  you're probably already aware of the importance of developing your habit of saving.  (You can read my related post - Your First Step in Investing: Saving).
I would always push for developing that discipline as it paves the way to a better and more secure financial plan.

I'm so happy for myself having that practice now at this point in my life. And I just did again it last Friday (14th is our sweldo day).  I noticed now how it has really become automatic in my system.

Whenever I hear that our salary has been credited to our payroll account, I simply log-in online to BPI ebanking, and TADAAH!
in just matter of clicks, I'm done paying myself. 

I immediately set aside a portion for my investment as my monthly addition to my retirement fund on top of increasing my already enough emergency fund.
Then I adjust myself to what's left.

The sad thing though is that while we're clear in our agenda of paying ourselves, we may as well be committing  mistakes on the second part of the equation -  EXPENSES.

Yung maduming pera sa kalsada, pinupulot pa natin, pero ang problema, yung malinis na pera na nasa satin na, parang tinatapon lang din natin.

I hit that realization after reading the very practical books
Kontento ka na ba sa kaPERAhan mo? and Kasu-suweldo pa lang, ubos na written by Vic Garcia  together with his wife Avelynn Garcia.

I suggest you grab your own copy as those two books contain very practical and down to earth tips on how to better manage your finances. I liked very much their style of writing talking to their readers. Lots of humor too. I felt like attending a live seminar with their reality-drawn dialogues. Definitely a must read!

Below is also another sharing from Lyndon that may help you in one big financial decision you'll ever make - that of buying your house.

Enjoy the rest of the week!

Have fun investing!
Omeng
***
Let me discuss about the BIG BIG BIG Price of delaying gratification. I know that all young couples dream is to have a house of their dream, its an emotional thing. A house for a Filipino is not just Investment but it is also a symbol of Success and Security even though in reality is not. Your house depreciates in value and only the lot is actually appreciating, in short a house is not an asset but a liability. The bigger the house, the bigger the need for maintenance.

I cannot discuss you things in details and I hope you will still make time to attend my seminars. Here's the thing; getting a loan for 15 years means that you will be paying more than 4x of the original amount you owe from Pag-ibig or SSS. I have tried it with one of my first real estate venture last 1994 for 15 years to pay. I owe 150T payable in 15 years and my monthly amortization is 4T. This is in addition to what I pay to the original owner of the house & lot which is 150T.

Lets do a simple math; 4T x 12 months/year x 15 years = 720,000.00 means I have paid 4.8 times the original amount.

If I have Invested that amount in an Equity Fund for 15 years I could have an amount close to 5 Million as of today, this means my money could have grown to 32 times vs. my debt have grown to 4.8 times.

Now you decide if it pays to wait and delay gratification. Don't make the same mistakes as I do, before I learn how money works. Make time to attend my seminars and we can guide you in your Financial Journey with us. WE can also offer you 3 Solutions during your Journey with us, namely

1st. FINANCIAL Solutions means you can Invest in all types of Asset Classes (Paper & Real)

2nd. BUSINESS Solution means if you join our Team, you can also earn commissions from your friends, relatives and even from your own Investments.

3rd. COACHING & MENTORING means you will undergo a lot of Trainings thru our 25 Modules of Wealth Academy, Meetings(3x/week) & Conventions(1 local 3 out of the country/year).

See you very soon and GOD Bless you abundantly.

***

Lyndon Malanog is one of the mentors of Bo Sanchez and Truly Rich Club,  and a director of IMG - World Financial Group. He is also an Entrepreneur and the Financial Coach of Bo Sanchez, Inc.. He continuously gives “Financial Discipline and Wealth Management” seminars to companies and groups as part of his noble mission and advocacy of educating people.

Start building your financial foundation by attending IMG's Wealth Academy Series.
Sign-up here (or below)  to reserve your seat.

Why You Should Be Wary About Investing in Stocks

Below is a good article from Inquirer that may help show  a bigger picture than what you may have now about our stock market.
It's also a good reminder especially for newbies just starting to invest with all the commotion we're seeing at this time.

Read on and be guarded!

Have fun investing (carefully)!
Omeng

***

Be wary about investing in stocks. Like any other activity where one can lose money, the stock market is not for the faint of heart. The usual cycle runs like this: An economic boom emerges on the horizon, big investors bet early and accumulate stocks, prices start a dizzying climb, small investors join the fray and buy stocks somewhere near the peak, big investors who bought early start selling at a profit, and—with more sellers than willing buyers in the market—prices tumble. More often than not, small investors are left holding on to stocks bought expensively because they knew very little to begin with, many of them merely lured into playing by relatives or friends of friends who had bragged about making a “killing” in stocks. 

Seasoned investors or players make money in stocks, but many others take a hit in varying amounts. Small investors can lose a few hundred to a few thousand pesos. Bigger investors can lose by the hundreds of thousands up to a few million pesos. Economies, on the other hand, can lose billions of dollars. Here’s an interesting piece of data on the magnitude of market losses at the macroeconomic level. Last week, it was reported that Japan’s stock market capitalization was down $577 billion since the high of May 22. This is more than double the Philippines’ $260.24 billion (P10.93 trillion) market size at end-2012. Locally, the market capitalization of companies listed on the Philippine Stock Exchange (PSE) has fallen to P10.78 trillion as of last Friday. 

The reason for the current global decline in emerging markets is that the improvements in US employment and housing led institutional investors to believe that the Federal Reserve Board (the central bank of the United States) will reduce its so-called quantitative easing measures aimed at resuscitating the world’s biggest economy. Prospects of an economic recovery in the United States are starting to sap funds away from emerging markets. 

Brokers and analysts are convinced that the market’s bull run will extend at least all the way to the end of the Aquino administration in 2016. What they are not saying is that a lengthened market climb is usually interrupted by declines in prices—usually referred to as “corrections”—when those who have made substantial paper profits for buying earlier cash in on their gains. Some of these “corrections” may be marginal, but others can be as sharp as the one experienced by the local market in the past three weeks. 

The local stock market has been rising since 2009. The four-year rally has driven the PSE index’s valuation to 19 times the estimated profits for 2013, reportedly the highest price-earnings ratio (PE) among emerging and developed markets. This compares with the five-year average PE ratio of 13 times for local stocks. 

The PSE index or PSEi is an indicator of the general movement of stock market prices. It ended 2008 at 1,872.85 points. In 2009, the PSEi gained 63 percent to end the year at 3,052.68. It added another gain of 37.6 percent in 2010 as it closed at 4,201.14. The following year was not as exciting, with the PSEi adding only 4.1 percent to close at 4,371.96. It came back strongly last year, adding 33 percent to end 2012 at 5,812. Last January, the PSEi began a rapid rise to a peak of 7,392.20 on May 15, or a gain of 27.19 percent in less than six months. From the end of 2009 to the stock market bull run’s peak last May 15, the PSEi gained a whopping 294.7 percent. The downturn in the second half of May through early June has cut the PSEi to 6,701.95, although this was still up by 15.3 percent from end-2012. 

It is true that many people will continue to make money by investing in stocks. Returns from stock investments can beat yields on bank deposits anytime, or even the rates offered by the relatively safe government securities. But there are risks involved. A company with very solid credentials today can collapse under the weight of an impending economic downturn tomorrow. The 1997 Asian financial crisis and the United-States-led subprime crisis in 2008, which dragged the global economy to a recession, are testaments to this fact. 

Many stockbrokers are saying that the recent sharp downturn is a “perfect opportunity to come in,” but would-be investors really need to be most discerning. Seeking expert advice from licensed and reputable stockbrokers is the best way to start.

Source:Inquirer Opinion

***
PS: For beginners, download you perfect starter -My Maid Invests in the Stock Market ,  and start your journey to your millions now na. 

BAWAL mabagal dahil sayang ang panahon. 

Eto basahin mo, maid ni Bro Bo Sanchez, milyonaryo na. Click mo dito.