Early last year (or I think as early as 2013), I began to take an interest in Personal Finance and Money Management. These are something that wasn't taught in schools (yet) nor from your parents but rather these are learned online (mostly) supplemented with some books authored by experts in Personal Finance like Robert Kiyosaki (Foreign), Francisco Colayco (Local) and the like.
While I took my sweet time (almost two years to learn the basics (and I'm still learning), I didn't realize that I am slowly wasting time to start investing early. While I'm used to save (and spend) my paycheck with all the basics, I wasn't able to start ahead. Why? I guess I set my first target too high that eventually I had to make some changes (for the best). Anyway, I was able to spread-out half of my savings to some financial instruments that will help me achieve my goals in the years to come.
During the last two months, I started investing in the Stock Market. Even with a little background on finance, I took the plunge and opened an account with COL Financial (Stocks). Why COL? Because its where most financial bloggers are entrusting their money with. While there are other reputable Online Trading Platforms in the country, I guess I'll put my trust with COL for the next couple of years. I won't divulge any information how much I invested but it grew by about 4% and I hope It earns more. While there are two (or more) ways to let your money grow in the Stock Market, I'll let the experts do their sharing (I'll do mine really soon) for now.
Taken from Google
After having my feet get wet in Stocks, the next is to choose which Mutual Fund Company should I trust my money with. Initially, I am sold with First Metro Asset's Save and Learn Equity Fund (better known as FAMI's SALEF) because of its high return rate and low charges. But when I checked Philequity Management's Philequity Fund Inc (better known as PEMI's Philequity Fund) and compare it with the former, I got so torn I instead opened an account for both. As of writing, I have opened an account with PEMI and put my initial investment already (with some returns already) while with FAMI, I had to wait for my account number before I can place my initial investment (I have submitted all my requirements with them already. Anyway, we'll see who performs better for the next 3, 5, 10 years or even longer. In the end there can only be one.
Taken from Google
Even before I opened an account with COL, I am already in contact with one of Sunlife's agents regarding their Variable Universal Life Insurance product (better known as VUL). They gave me a proposal (Sunlife Maxilink Prime) which was hard to refuse (or even resist). Their offer was like a part of your payment will be placed in stocks or in bonds (or a combination of both) for the next ten years but I prefer to have it placed in Stocks for a more better return. I just needed some time to think about it before saying yes to their proposal. I also asked for a modified version which of course the payement changes as well (didn't matter much to me anyway). I also checked what Insular Life has to offer (their VUL is similar to Sunlife's) but I was more convinced with what Sunlife. Well I thought after signing with Sunlife, its all a done deal.
Taken from Google
But I have to undergo a Full Medical Exam to see if I am fit for their product (this means that my application is still pending and could possible be rejected and have my inital payment refunded). I only realized that its really best to get a VUL (or any life or term insurance) while you're still young and very fit to work. Just to be sure, I'm checking Philam Life's VUL as well as AXA and others. Its better to be protected than sorry.
When we went home to my folks over the weekend, I also considered putting my money in Unit Investment Trust Fund (Better known as UITF). Since we have an account with BDO for the past couple of years, I got to check what they offer. Under high-risk and high-return, I was able to take a brief review on BDO Equity Fund, BDO Sustainable Dividend Fund, and BDO Focused Equity Fund. Their returns are all good and at the same time, the NAVPU for Sustainable Dividend Fund and Focused Equity Fund are still affordable. I'll take time (not that long) to choose the best and at the same time, check other banks who has the best performance for Equity Fund.
Taken from Google
This year would also be my redemption against the 52-week peso challenge (50-peso version). Mid-way last year, I lost my battle as I wasn't able to temper myself back then and squandered all of what I saved from this challenge. But now I have already learned from my mistake and I have already revised my battleplan to conquer this challenge. It would still be the same mechanics like the one I posted a year ago.
Not taken from Google XD
Wait a minute. Except for the 52-week money challenge, all financial instrument that I am venturing into entails high risk (since its focused more on equity/stocks). This may not be for the weak of heart especially there is a possibility of losing all money that I invested. But, I hope it would be the other way around as I learned how to control money instead of the money controlling me.
I look forward to make my money grow not just for a year, but for the years to come. I hope you would try at least one of the financial instruments I'm venturing into, and this is for the long run. And also, sorry for the very long post. ^_^
The year 2014 was very much fruitful and meaningful to me. For me, 2014 was just a continuation of 2013 where I received blessing after blessing despite challenges and obstacles came along the way.
On family, it was a sight to behold to witness how my daughter grow so fast that only a few years back, she's only crawling and utter simple words. And now she can do things on her own like taking a bath, brushing her teeth and even helping out with some household chores at home. Also, she can now speak a few phrases in English whether we ask her a question or she wanted to say something (Thanks Peppa Pig!). She can now read and write a few letters though with her reading, she sometimes messes it up (on purpose). What I like about her improvement this year is that she can do the Sign of the Cross as well as recite the Lord's Prayer (Our Father) with the guidance of her mom. But we still need to improve her social skills as she is kinda shy when dealing with other kids (or other people) for the first time. Well next year would be her year as we'll be sending to school so she could interact with other kids. I know she'll outperform herself for the best.
With work, things got better and challenging at the same time. From logging-in to facebook everyday at work, now I don't log-in to facebook at work and instead, check my updates at home (or on the road) from my mobile. I seldom visit forums that is not related with work in my workstation. Instead, I check work-related websites as well as a few personal finance related websites (blogs) on how to improve your personal finance and check other websites that would help me grow as an individual. Well every now and then, I check other websites on food and photography but its on a limited time only (meaning if I am terribly bored). Probably, I'll add book reading as a list of things to do in the office when things get very very boring but its better than doing nothing right?
Health matters, it's like dead even. Why? At the start of the year, I was very active getting up a bit early and walk around to reduce weight and get in-shape. But time passed and I wasn't able to keep it up with my target, thus the weight I lost during the start of the year gained back again. Eating habits got a bit worse until the end of the year which I was able to curb and limit thanks to my Doctor's consistent reminder on weight management (from 3 maintenance medications, its now down to 2). I got to limit my vices to almost nil (except for special occasions) but I need to limit my recreational visits as well, to keep my wallet happier. I always fail on this part but I'll do my best to improve here.
On Blogging and Photography, I was almost at a complete halt on this. I mean, from my usual weekly/monthy posts and photoshoots, it was almost down to nil as my priorities have shifted. Shifted in a way that my iPhone got me hooked on the internet whenever I had the opportunity at home. That leads to piling up on pending things to do on both Blogging and Photography that I need to do something here fast. While I can't promise to limit my internet connectivity via mobile, I'll try to inject some creativity in my head again for me to be able to revive my other passions in life.
On money matters, I was able to hit my target on completing my emergency savings. I got to learn a lot of things as well like investing in Stocks, Mutual Funds, Unity Investment Trust Funds and Variable Universal Life Insurance. I was able to fortify my learnings by attending free and paid seminars during the second half of the year. By the end of this year, I already have an Online Account for Stocks, two Mutual Fund Accounts (with 1 pending), one VUL (pending approval) and a decent emergency fund (good for 6 months). I could have saved much more if it wasn't to some things that well...I guess I need to limit it one step at a time.
At the end of this year, I look forward that 2015 would not just be another year for me but also a better year for me (and everyone else).
Happy New Year!
Its been months since the last time I wrote something here. I got too busy with work, raising a very playful and mischievous daughter and been busy with doing new things. While I can write here at work (during off-peak), I couldn't as my resources are scarce.
It was like the first time again for me to put something that would make me remember the sole reason why I write online in the first place. It was those random thoughts that was the last time running through my head and make me think again why I had to be away. While there were times that I was suppose to put something in this space, a part of me wanted to be away for sometime and had me too pre-occupied.
Seven (or more) months not writing anything my mind expresses was like a year or more for my seasoned blogger friends who keeps me updated through their respective facebook page. If they experienced what I'm experiencing right now, they might have deserted their space and simply created a new one (I'm still planning to buy my own domain someday).
But I guess it's not yet time for me to leave this space and start anew. Probably, I'd try to pick-up the pieces and continue where I left off. The question when will I be active here again lies on my will power to continue amid all distractions that comes through my way.
Until then, I hope I could find the inspiration and the drive to get back to the grove and share a lot of things Swabeh!
Hey! Merry Christmas by the way.
1. Its been so long since I've last made my entry here. More then two months since I've posted my last Swabeng Random Thoughts.
2. My interest in Blogging and Photography is slowly dwindling for some un-explainable reason. I don't have a clue how it faded slowly. Work may not be the sole reason for the slowly demise of this hobby. Somehow, I must get it back before its too late.
3. With #2 being said, I'm trying to read some blogs again particularly anything that has to do with Photography. I missed those times taking pictures and sharing them through here. So far, I'm reading two good blogs that may bring me back to the habit I do love (taking pictures and blogging about them).
4. While I was able to lose a few pounds through exercise (walking) and lessen my food intake. Keeping it away (for a long long time) may take a lot of determination than I expected. As long as I lose a few more pounds before the year ends, I'm good with that.
5. I'm already reaching 81.25% of my total emergency savings (that will last for a year). Only a few more months to go and I'm on target. Next would be saving up for investing. Hopefully I could start investing by the 4th quarter of the year.
6. Since I've participated in the 52-week money challenge, I have an Idea how much I've already saved. To be honest, its not easy to do this on a 50 pesos per week increment (trust me) but hopefully, I could hit the target by the end of the year. With that amount, I could probably last for a few more months or use it to earn more.
7. I also need to learn to tinker with my iPhone instead of using it just for browsing. Since I had that phone with me, I'm almost hooked into it whenever I have it with me. Thank God I don't bring it yet to work for safety reasons.
8. Since they have forbidden Facebook in all workstations here, I was able to adapt somehow but I wasn't able to keep up with my games and let it go idle for a while. Now I'm trying to play them again even if its only once in a day.
I hope I could get back really soon. Only time knows when...
1. Its been more than 6 months since I posted my last Swabeng Random Thoughts. A lot of things have come and go through last year that I wasn't able to do some updates.
2. Last month was pretty much busy for me that I wasn't able to do any updates in this blog for the month of February. I mean, no posts and not even drafts were made last month.Well its my fault that I didn't allot even an hour a day for this. My bad. Hopefully, I could get go on this and finish my zero backlog.
3. This year, I started browsing through several financial blogs that has something to do with investing and mutual funds. I realized that I myself wanted to be financially independent not just for my future but for Marien's future as well.
4. Also this year, I decided to hit the road and do some morning walks (jogging). Though it's still a long way for me, I know I'd be able to lose some weight and be able to hopefully join a 3K, 5K, 10K or even a 21K run in the future.
5. I'm still trying to adjust my eating habits as I'm so far good at limiting my rice intake for the day. I just need to fine tune some fat intake and limit cola to almost nil.
6. However, my biggest obstacle so far is forum hopping that keeps me from being productive. I must resist temptation but how? XD
7. I'm looking forward to this year as a challenge and face it head-on
And now this concludes my first post for the month. XD
