Tag Archives: Investments philippines

Starting To Work On Your Success pt. 2

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Goal Setting 2

 

In the last article we started to talk about the need to set personal financial goals or objectives.  Before, making your plan, here are some tips on what you should be ready to do:

 

1)    You have to put it in writing!  There is a study that shows that people who succeed write their plans.  You must have a written plan for each goal.

 

2)    You can have different goals but you must state it in positive terms.  It is not enough to say that you want to save or that you want to cut expenses.  You have to know what it is that you are saving for and specify each goal in terms of amounts.

 

3)    You must have a specific timetable for each goal.  If you have a timetable, you will not procrastinate because you know when you have to reach it.  At the same time, you will realize how realistic your goals are based on your timetable.

 

4)    You have to be ready to monitor your progress.

 

Now and in the coming columns, I will present you eight questions that you need to ask yourself to be able to set your financial goals:

 

1)  What level of lifestyle do you want?

 

Each person has a dream of the kind of lifestyle he wants.   What is meant by lifestyle?  Lifestyle is the standard of living.  This is usually defined in terms of the expenses needed daily/monthly/yearly.  The higher the standard, the higher the expense.

 

The highest standard is that of the “rich and famous” normally equated to being in the society pages of the newspapers, driving around in expensive cars, having a big house, regular travel, hosting big parties regularly etc. However, you will be surprised that sometimes these people are actually not as rich as they are portrayed to be.  Many of them are deep in debt that if they suddenly die, their heirs might be left with so many problems instead of inheritance.

 

Many people will say that they just want lots of money to spend without any idea of what they want to do with it.  If they don’t know what they want to spend for, any amount of money can very quickly disappear.  What is important is that you have a good idea of how much you would like to spend every day/ every month/ every year that will make you comfortable.

 

You can start with your present lifestyle.  You know how much you spend regularly.  If you are regularly in credit card or other kinds of debt, you can estimate how much more income you really need over what you are actually receiving, to maintain your present lifestyle.  If you are unable to earn that additional income, you have to downgrade your present lifestyle or go to the next question next week.

ANG PINAKABAGONG LIBRO NG PERA PALAGUIN SERYE pt. 2

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Sinabi ni Mr. Generoso Asuncion na nakabasa ng mga unang libro:

“Simula nang mabasa ko ang dalawang aklat na “Pera Mo Palaguin Mo 1 & 2” nagbago ang pananaw ko sa buhay. Maliban sa mga aklat, pinanood ko rin ang mga payo ni G. Colayco sa YouTube at binasa ko ang artikulo sa website. Ang laki ng pagbabagong ginawa niya sa buhay ko. Marunong na akong mag impok ng pera. Ibinabahagi ko rin ang mga kaalamang natutunan ko sa aking mga anak, kaibigan, kapatid, at mga taong nakikilala ko para malaman nila kung ano ang tamang paraan ng pag-iimpok ng pera para makalaya sa kahirapan. Maraming salamat Mr. Topakits. Isa kang LIWANAG sa madilim na kapaligiran ng kahirapan.”

Sinabi ni K. Cayanong, isang Customer Service Representative ng Convergys Philippines noong 2013:

“Naging masaya ako sa mga natutunan ko sa Colayco Foundation. Nalaman ko na mali pala ang paraan ng pag-aayos ko ng aking mga kita, pero nalaman ko din ang pagkakataon na magsimula NGAYON. Magsimulang mag-ipon at mamuhunan. Nalaman ko ang pangangailangan na dapat siguraduhin ang magandang kinabukasan ko at ng pamilya ko.”

Sana ay makatulong ang mga pahayag na ito upang himukin kayong basahin at pag-aralan, kung hindi para sarili nyo, para sa mga miyembro ng inyong pamilya na mayroong malaking pakinabang sa pamamagitan ng pagkakaroon ng mabuting batayan sa pamamahala ng sariling pananalapi.

 

Sinabi ni Mary Grace M. Orbase, isang mag-aaral noong 2011:

“Ako ay 14 taong gulang, estudyante sa high school at malapit ng maging third year high school, nabasa ko ang libro ninyo, Pera Mo Palaguin Mo! 2. Naging malaking inspirasyon ito sa akin. Natuto at naliwanagan ako sa aking murang edad. Natuto ako kung paano hawakan ang aking pera-na dapat ay palaging may maitatabi. Mabuhay at mapasainyo sana ang swerte. Sana ay marami pang katulad kong estudyante sa high school na makabasa at maliwanagan ng inyong libro J”

Sinabi ni Renz Sumera, isang Lisensyadong Chemical Engineer noong 2012:

“Nakatapos ako ng Chemical Engineering sa edad na 21. Naghahanap ako ngayon ng trabaho habang nag-aaral para sa board exam sa Nobyembre. Nabasa ko ang dalawang libro nyo, Money at Wealth at naging inspirasyon ito sa akin para pahalagahan ang pera at matutong mamuhunan. Di ko na mahintay na magsimulang magkaroon ng active income at mag-ipon ng hangang 20% para sa magandang puhunan. Salamat sa pagsulat ng mga librong ito at sana ay marami pang bagong mga nakapagtapos na katulad ko o mga batang propesyonal ang makabasa ng mga ito at maging insperado.”

Sinabi ni Leonardo Alba, isang OFW galing Abu Dhabi:

“Inuulit ulit ko po ang libro ninyo dahil may mga part na di ko po agad makuha. Pero all in all ay maganda po ang nilalaman nito with matching examples. Sa ngayon po ay try kong apply ang iba kong nabasa sa book.”

Sabi ni Cecilia T. noon pang 2012

“Ang mga libro ninyo ay nakapagtuturo at nagbibigay ng simpleng inpormasyon. Importante ito lalo na sa babaeng katulad ko. Itong librong ito ay isang biyaya. I have learned how to take care and grow the finances of my family.”

Mula kay Anthony Pinaglabanan ng Iowa

“Naimpluwensyahan ako ni Mr. Colayco sa aking pinansyal na kaalaman anim na taon na ang nakakaraan, mayroon na akong ipinuhunan ngayon at ito ay gumagalaw na laban sa pagtaas ng presyo ng mga bilihin at hindi lang pinapaginipan ang pagtaas ng puhunan ko. Ang susunod kong proyekto ay gumawa ng Passive Income dahil gusto kong magretiro ng maaga para makasama ko ang pamilya ko ng mas matagal.”

Nanggaling kay Razmon ng Zamboanga, 2006

“Salamat sa pagpalago n gaming pero kundi pati na rin sa pagbibigay ng kaalaman. Sulit ang pagpunta ko galing sa probinsya para bumili ng mga libro ninyo. Bumiyahe man ako ng malayo, nagbukas naman ito ng malaking oportunidad at pagsasakatuparan. Talagang lumago. Sa mga librong Pera Palaguin naunawaan ko na ang kahirapan ay dahil din sa kakulangan sa kaalaman kung paano aayusin ang iyong pinansiyal na buhay at hindi lamang sa kakulangan ng mapagkukuhanan ng pera.”

Ibinahagi naman ni Simpe Rogie Magana-Co

“Tinuturuan ninyo ang mga tao para magkaroon ng kaalaman sa pinansiyal nilang buhay sa pag-gamit ng simpleng lenguahe at mga praktikal na halimbawa. Patuloy ninyong binabahagi ang mahalagang kaalaman at personal na karanasan sa paghawak ng pera.”

Kuwento naman ni Sarah Jane Mayola OFW

“Matagal ko na po narinig yung Colayco Foundation nung nasa labas pa ako na nagtatrabaho bilang staff nurse sa isang ospital sa Kingdom of Saudi Arabia. Hindi po ako nagkaroon ng pagkakataon para magsimula at mamuhunan. Siguro dahil hindi pa ako handa o hindi pa ako determinadong baguhin ang buhay ko. Ngayon na nandito na ako sa Pilipinas, naghahanap ulit ako ng trabaho sa ibang bansa. Ngayon ko lang narealize ang kahalagahan ng proper investment and savings. Lahat ng ipon ko naubos na po at ako ay call center agent saMakati. Nakakaipon lang ako ng Php1000 every tuwing sahod pero desidido na akong mag-save. Ngayon hindi ko na gagastahin ang ipon ko.”

Sana ay makatulong ang mga pahayag na ito upang himukin kayong basahin at pag-aralan, kung hindi para sarili nyo, para sa mga miyembro ng inyong pamilya na mayroong malaking pakinabang sa pamamagitan ng pagkakaroon ng mabuting batayan sa pamamahala ng sariling pananalapi. Pasyalan ang www.colaycofinancialeducation.com

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More on Spending Practices that will put you in Debt

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USING CREDIT CARD INSTEAD OF CASH

 

There are some who have the cash to pay for their purchases but use their credit cards because it is cool.  Besides, there are points to be earned on the credit card.  Very good! Just make sure you set aside the cash to pay for the credit card statement on due date and not later.  Trouble will arise when you forget that you used your credit card and you see the cash available in your wallet.  You use the cash and are scrounging around payment on due date.  Worse, you keep using the credit card and not adding up your individual purchases.  Before you know it, you have overspent.

 

There are also more and more people using their credit cards for automatic payment of their utility bills and other monthly expenses.  What happens is that you don’t pay for your bills with cash as you normally do and the remaining cash is what you have available for your other expenses.  You are now increasing your risk of not controlling your expenses.  When your credit card bill comes probably several weeks later, you will be in for a big shock.  If you don’t pay your credit card on time, you will be in credit card debt and the interest and penalties will be horrendous.  It is always better to just use cash if there is serious risk of overlooking payment in due date, or worse, if you end up not being able to control your use of credit cards.

 

DO YOU REALLY NEED A VACATION?

 

Vacations are wonderful and good to recharge your body spirits.  It is however funny sometimes that so much is programmed during a vacation that you end up needing another vacation just to recover.

 

It is good to program your vacation especially from the financial point of view.  Unfortunately, some vacations are taken as an emotional outlet just to get away from reality because of a big problem.  Because of the emotional issue, the financial burden of the vacation is forgotten and credit cards are used.  That is a big mistake.

 

Never ever use your credit card to pay for a vacation unless you really have the cash actually set aside to pay your statement on due date.  During the vacation, try to leave your credit card behind and just bring your budgeted cash so you are not tempted.  When you are with family, make sure each one understands the budget and strictly follows it!

Kabutihan Kapag Kinakalat ang Puhunan

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Simple lang naman ang paraan ng pamumuhunan sa mga MF at UITF. Bibili lang ng mga parte sa kanila. Pero nag-iiba-iba ang presyo ng mga parte bawat araw. Ang presyong ito ay nakasaad bilang Net Asset Value (NAV) ng bawat parte. Saka lang talaga kikita kapag ibinenta na ang mga parteng sa mas mataas na NAV kaysa sa pagkakabili. Nitong nakaraang limang taon, kung titingnan ang takbo ng mga magagaling na mutual funds, tumaas ang halaga ng equity funds ng 12 hanggang 19 porsiyento kada taon; ang balanced funds ay tumaas ng 10 hanggang 13 porsiyento kada taon; at ang bond funds ng 4 hanggang 9 porsiyento kada taon.

Kapag naglagak ka sa MF at UITF, mas mababawasan pa ang panganib ng pagkalugi kung ikakalat ang iyong puhunan. Huwag ilagay lahat sa iisang MF o UITF. Isa pa, pipiliin lang ang sampung pinakamaayos ang pagpapalakad at pinakamalaki ang kinikita. At kung malaki-laki rin lang ang pera, ilagak ito sa iba’t ibang klaseng funds. Halimbawa, imbes na ilagay lahat sa isang equity, o fixed-income o balanced funds, hati-hatiin ito — ang isang bahagi ay ilagay sa equities, ang isang bahagi sa fixed-income funds at ang natitirang bahagi sa balanced funds.

Ang UITF ay bago pa lang sa Pilipinas. Pinatatakbo ito ng isang trust institution, na kadalasa’y isang bangkong may trust license. Hindi lahat bangko ay may ganitong lisensiya. Pinalitan ng UITF ang Common Trust Funds (CTF) alinsunod sa mga patakaran sa ibang bansa. Kaya nga wala na ngayong CTF.

Ang mga trust company ay hindi talaga bahagi ng bangko, kaya ang UITF ay hindi itinuturing na “produkto ng deposito” at sa gayo’y hindi ginagarantiyahan ng Philippine Deposit Insurance Corporation (PDIC).

Ang kinikita lang ng mga trust company ay ang bayad sa paghawak at pamumuhunan nila ng pera, kaya’t obligasyon nilang ibigay sa kanilang mga kliyente lahat ng kinita ng pondo. Kaya nga kadalasan, mas mainam pang maglagak ka ng pera sa trust fund kaysa sa savings account o time deposit sa bangko.

Bisitahin ang www.colaycofoundation.com para sa schedule ng aming mge seminar!

An Investment Coop?

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by: Francisco J. Colayco

Last September 7, our very own Kapatiran sa Kasaganaan Multi-Purpose Coop (KSK Coop) celebrated its 10th year anniversary! From a handful of passionate members, it has grown so much throughout the years. It already has 2000+ members ALL AROUND THE WORLD.

KSK Coop is a very unique cooperative. It provides alternative investing opportunities to income-earning Filipinos who want to protect and grow their hard-earned wealth. It mainly invests in profitable businesses and the members would benefit from the returns of those businesses.

For a brief overview of what KSK Coop is, allow me to share with you this clip from our season ender episode of Nang Magising si Juan.

For more details about KSK Coop, visit www.kskcoop.com

Spending on Gadgets and Insurance

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According to a study from an insurance company, Pinoys prioritize buying gadgets and insurance equally. But why? What are the factors that come into play? And what does it say about our manner of prioritizing needs and wants?

Here’s Armand Bengco, our Executive Director at Colayco Foundation, to talk about the matter:

Want to watch more videos on personal finance? Visit www.pisobilities.tv today!

Mga Puwedeng Paglagakan ng Maliit na Puhunan (Part 2)

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ni: Francisco J. Colayco

*unang lumabas sa Bulgar noong ika-13 ng Agosto, 2009.

Ang direktang pamumuhunan sa stock market ay dapat ipinauubaya na lang sa mga eksperto. Sa MF at UITF, sigurado kang merong mga magagaling na tagapamahala ng pondong walang tigil na binabantayan ang mga parte at seguridad sa kanilang portfolio. Alam ng mga ito kung saan dapat ilagak ang pera mo.

Mas malaki ang kikitain ng perang sa MF at UITF dahil ito ay nagko-compound. Ang ibig sabihin, nadaragdagan at naiipon ang kinikita nito. Halimbawa, ang tubo mula sa pagbebenta ng mga equity o fixed-income security ng MF o UITF ay muling ibinibili ng bagong mga equity o fixed-income security para sa parehong MF o UITF. Kaya kapag ibinenta na ang mga parte sa kanila, patung-patong na ang kinita ng ipinuhunan.

Ang maganda pa, ang mga stock at seguridad na pinamumuhunanan ng MF o UITF ay pinapatawan na ng final withholding tax, kaya’t hindi na kailangang magbayad ng dagdag na buwis ng mga namumuhunan sa kanila. At hindi lang ‘yun — madali pang ibenta at gawing pera ang MF o UITF. Kahit anong oras ay maibebenta ito sa kasalukuyang presyo sa merkado.

May tatlong klaseng MF at UITF equity o stock fund, fixed-income o bond fund at balanced fund. Ang equity fund ay kadalasang ipinupuhunan sa stock market kaya mas malaki ang kita pero mas malaki rin ang panganib. Ang fixed-income fund o bond fund naman ay karaniwang ipinupuhunan sa mga Government Securities at iba pang fixed-income securities kaya mas mababa ang kita pero hindi rin naman ganoon kapanganib. Ang balanced fund naman ay hinahati — ang kalahati ipinupuhunan sa stock market at ang kalahati’y ipinupuhunan sa bond funds o fixed-income funds. Katamtaman lang pareho ang kita at panganib dito.

Ang bawat MF at UITF ay may kanya-kanyang layunin sa pamumuhunan at kanya-kanyang mga patakaran at kundisyon. Mas mainam kung kakausapin muna ang mga namamahala para malaman kung umaayon sa sarili layunin ang layunin ng MF o UITF na pamumuhunanan bago maglabas ng pera.

Dapat ring malaman na hindi kikita ng interes o makakokolekta ng dibidendo habang nakalagak ang pera sa MF o UITF. Kikita lang talaga kapag ibinenta na ang iyong mga parte o shares. Ang pinagkaiba ng presyo ng NAV noong binili ang iyong mga parte at kapag ibebenta na ang halaga ng iyong kinita o nalugi.

Sali na sa aming Investability: Mutual Fund seminar sa ika-20 ng Setyembre, 2014. Mag-click lang dito para sa karagdagang detalye.

How to Find Your Passion

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by: Francisco J. Colayco

*First published in Good News Pilipinas on August 5, 2013

You might recall my advice to people choosing the best business for them. One main factor is the need for “passion” for the kind of business they choose. As time passes, I begin to see more and more how his word “passion” can be misinterpreted or misunderstood.

Let’s look at this further by understanding some ways you can follow in determining your passion. Remember that you are looking at your passion that can be your business.

You can ask yourself the following questions. You will surely have a long list and you will not know everything in one sitting. It will take days, even weeks and months. Keep a diary. Take notes and review what you have written each time you add an entry. Maybe, you will cross out some items as you come to know yourself more each time.

  1. What is it that you really love to do and seem to be good at it? Let’s take the example of cooking. Let’s say you love to cook and are happy doing it. People say the food you cook really looks and tastes good. So let’s say you think that cooking is your passion.
  2. If you in succeed doing it, will you be so proud of yourself? In the case of cooking, each time you are able to make a special dish you are particularly proud of yourself. You practice so often so as not to make any mistake. Your self-pride increases as you continue your love for cooking. Still good for the example that cooking is your passion.
  3. If you do something the complete opposite, will it destroy your self-pride and cause you strong embarrassment? Still in the case of cooking, when you prepare a dish that is really bad, do you say it is because you are not practicing enough? Or is it really embarrassing because your level of expertise clearly is far too low from where it should be? If your standard for excellence is low that you are willing to accept major lapses in your skill, then perhaps, cooking in this example, is not your passion.

Want to know more? Read the rest of the article by clicking here

Wealth-filled Messages from the “Pera Mo, Palaguin Mo” Workshop

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by: Francisco J. Colayco

Last Saturday, the Colayco Foundation team and I held a “Pera Mo, Palaguin Mo” Workshop to almost 100 people at the Development Academy of the Philippines Building in Pasig City. I was astounded with the number of people in attendance. Even if it was a Saturday, they took the opportunity to start taking charge of their personal finance. It was an exhausting day for us. Nevertheless, it was fulfilling for us to see so many people learning and enjoying from the workshop.

After the event, we received some personal messages from our participants. I would like to share some of their thoughts with you.

Here are other letters from our participants:

It always makes us happy to be able to ignite a spark of change in our participant’s lives. I always said that becoming wealthy is an obligation to everyone. If you are wealthy, you will not just be able to help yourself better. You will be able to contribute more to your family, community, and country.

I hope you will join us in our financial seminars. For the schedule of our upcoming seminars, please visit www.colaycofoundation.com!

When Will You Decide You Made a Wrong Investment?

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by: Francisco J. Colayco

first published in Good News Pilipinas on October 14, 2013

Believe it or not, most investors invest without clearly defining what they expect to gain, what they need it for and when it should happen. For many people, “Hope springs eternal” because their focus is just in earning the gains. Having clear targets with specific timetables is the best guide in tracking investments.

In the first place, before you make an investment, you have to study how your money will be used to generate income and grow in value over time. In the process, you must also study and understand the attendant risks that could cause losses. It could be a bank deposit or a bond or a mutual fund or real estate or a car or anything that you will put out money. You have to look at all documents and study them carefully. Ask advice if necessary but please do not ask advice without having studied first. It is so sad and frustrating that many people want to be “spoon-fed.” This means that they don’t even want to study. They just want to be told what to do. Unfortunately, when you do this for your money, you could be in trouble.

You cannot depend on anyone except yourself for money issues. If you insist on depending on someone else, you are taking a very serious risk. No human being knows everything and the person you depend on, even myself who you probably think already knows a lot about money issues, is certainly limited. So, my advice is that you really have to educate yourself. Read books, articles…take seminars, listen to talks and do everything you can to learn.

 

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