I Love This & I Want It!

“You have to love what you do or you are never going to be successful no matter what you do in life” -Donald Trump

Books and experience will all tell you this:

Do what you love and Love what you do!

Napakaraming puwedeng gawin - trabahong maaring pasukan o negosyong maaring pasukin at simulan. Kaya lang sa huli, kung wala dito ang puso mo, wala kang mararating, hindi ka magiging successful.

The important thing is you have to find your reason of doing things. Find your why and the rest follows. Find your urge to make your dream, start moving and persist when things get worst.
Money is not a good foundation where you’ll base your reason to move. Every successful people would tell you that. Money does not fit in the equation. Move beyond the concept of money and into a divine purpose.

“With everything you do, find a mission or grand purpose beyond money…” -Donald Trump

Here are some signs if you’re pouring passion in what you do:

-You’ll work harder and not get stressed out. How could you get stressed if your doing what you love?

-Try harder when things don’t play as you want them to be. Why would you quit doing something you really love?

-Get better at it. Your mind is so into it that every neurons works in harmony giving you all you need to improve yourself.

-Do a hard work and still enjoy life. Work becomes play to you, a source of energy.

More than Passion, you must be a Doer not just a Dreamer.

You’ve probably have a dream of becoming rich, financially free. And you may also have thought of many ideas, researched many financial vehicles and read many books on how to reach it. Don’t let these ideas stay in your head. Apply passion and put them to action before they disappear in thin air.

Grace under Pressure.

High ranking officials in your company are getting higher paychecks not because of longer service but probably because they’ve learned how to handle more pressures than most of anybody else under them. A lot of people are stressed out when thing gets tough. They fold and break even though they are smart people. In order to handle pressure well, focus on the solution not on the problem. This is where most people fail. They got caught up in thinking about the problem and waste time on who to blame then they start imagining the worst.

Follow Trump’s advice:

Acknowledge the problem and then move on to a more positive level.

Focus on the solution matapos mong malaman kung anu ang problema. Think positively. Lahat naman ng bagay ay mahirap sa simula. Ang mga talunan ay yung mga sumusuko agad ng hindi pa man nasusubukan.

Look for help kapag hindi mo na kaya. Dont just simply work hard, WORK SMART!

RULE OF 72 - Compound Interest

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.
-Albert Einstein

Anu nga ba ang compounding Interest?

Compound interest is commonly used in every loan you take halimbawa housing, auto and even credit cards. Kung hindi mo alam paano ito gumagana, naku patay kang bata ka!

Don’t get intimidated, hindi naman kailangan na sobrang talino ka para maintindihan mo ito. All you need to remember and understand to get the real-life effect of compound interest is the RULE OF 72.

RULE OF 72 is a method to determine how much time your money needs to double with the use of interest rate.

You only need to divide 72 by the annual interest rate and you’ll get the estimated number of years to double your money(or your debt).

Number of years to double your money(or your debt)= 72/annual interest rate
Let’s site some examples here:

For credit cards; Annual interest rate: 42% (3.5%/month x 12)

Number of years = 72/42
= 1.71 years (no longer than 2 years. ouch! doesn’t even include penalties)
For time deposit; Annual interest rate: 3.5% (still depends on bank and amount of money you invested)

Number of years = 72/3.5
= 20.57 years (just a little over 20yrs)

So anung napansin mo?

You can clearly see here that debts doubles faster than your investment. That’s why you should properly plan your finances in a way that you won’t utilize debt for those unexpected time and emergencies. If debt is planned and used carefully, they may help your finances. Hindi masama manghiram/mangutang, kailangan mo lang planuhin ito ng mabuti in a way na hindi ka masasaktan nito sa huli.

There are many places where you can invest and grow your savings such as mutual funds, real estate investments etc. but if you don’t have proper solid financial foundation or set up, your finances are bound to go down by debts or any unexpected events very easily.
Compound interest is a double edge sword that can either help you or hurt you. It depends on how much knowledge you have in managing your finances.

What is the Purpose of Money?

Survival

For many people the purpose of money and their pursuit of it is a simple matter of survival. That's how we feed and cloth ourselves in a modern society, after all. Of course, if you look closely you realize that in nations that are well-developed economically people choose to earn much more than is necessary for survival. Even health doesn't really require more than a few dozen square feet of indoor space and a few dollars of food daily. Nobody can honestly claim that they want money only for survival as long as there are others all around them that live in less space and eat more economically.

Comfort

Surviving in comfort might be the next level of purpose. That can mean better mattresses and other furniture, and some tastier foods. On the other hand, there doesn't seem to be any end to this accumulation of "better things" other than the limits of our wallets. This despite the lack of much evidence for there being more comfort in a super expensive car versus a merely expensive one, or a table becoming more pleasant to use if it costs twenty times as much as another already expensive one. So although comfort is certainly one of the purposes for most of us, but there is more to it than that.

Identity

We all have an ego, an invented self that we unfortunately identify with more than we should. Part of that process of creation includes owning certain things that help us build that ego-self. Even if we were alone in the world we might have this urge. Thus we identify with anything from a favorite spear to a new home, and value these beyond any objective functional value they have in bettering our lives. Of course, because we live in the modern world we have to buy these things with money. And money itself - having a lot of it - becomes a part of this identity as well.

To Impress Others

We want to impress others with our things so we can feel that ego-self more palpably. This is part of why we buy cars that are more than just what we need for transportation, and even things that we don't need at all. Today in most cultures, money is one of the easiest ways to win the approval of others.

To Control

Obviously money helps you control your surroundings, which gets us back to survival and comfort. But it also gives you power over other people in direct and indirect ways. Notice how those with less money get out of the way of those with more, and how well rich people are treated by those who stand to inherit their wealth. We can directly pay people to do most of the things we might want, but there are also many subtle games played that are aimed at control and involve money.

Freedom

We have many desires and goals. We also all face an unpredictable future full of many possibilities both welcomed and feared. Money not only helps us fulfill desires and reach our goals, but it can provide the power to deal with most of the potential future scenarios. In other words, it can give us a kind of freedom in terms of our actions and possibilities in the world. 

Spiritual Growth

It is often assumed that money gets in the way of spiritual growth, or what some real might call real or internal freedom. But it's all about how you use it. Spiritual teachers - even those offering real value - will sometimes claim that money has nothing to do with your "self work," but they will tell you that in a book or seminar that you had to pay for. If you believe that spiritual growth can take some work and time, well, money sure buys the latter. And although it may be easy to say that enlightenment is possible at all times, it seems that most of us need to get past fighting for survival before we can take the time reflect on higher truths.

The Many Specifics

What is the purpose of money? The answers above address some of the personal purposes in general. Then there are the specific purposes that are unique to each of us. These range from getting back to one's home country to see loved ones to establishing a new college endowment fund to buying the next best video game. Of course if we accept that the ultimate purpose is to make our lives better, then all of these lesser goals have to be measured against that.

How to open a BPITrade account

Those interested to trade stocks in the Philippine Stock Exchange (PSE) can choose to employ a live broker or an online stock brokerage firm. Either method has its own advantages and disadvantages and will be the subject of a separate article in the future.

For now, we’ll focus on online stock trading platforms.  A list of available online stockbrokers in the Philippines can be found in this link.

Two of the most popular online stock trading platform providers are CitisecOnline (COL) and BPITrade.  We have previously explained how to open a Citisec stock trading account. In this article, we will discuss how to open a BPITrade account.

What is BPITrade?

BPITrade is an online stock trading facility offered by BPI Securities Corporation, a wholly-owned subsidiary of the Bank of the Philippine Islands (BPI), one of the Top 3 banks in the Philippines.

How to open a BPITrade online account?

1. First, you need to be an existing BPI or BPI Family Bank account holder in order to apply for a BPITrade account. If you’re not an existing client, you need to open at least a savings account with them in order to proceed.

2. Visit the website www.bpitrade.com and click on the link “Apply Now.”

3. On the site, fill out the Online Application Form and print the documents when done.

4. Go to a BPI or BPI Family Bank branch and submit the following:

• printed Application Form
• two (2) valid IDs, such as driver’s license, passport, company ID, SSS or GSIS ID, credit card with picture, or other valid IDs acceptable to the bank
• photocopies of the IDs

Take note that at this point, you are not making any deposit yet to your BPITrade account.

5. At the branch office, you will be asked to fill out some forms and the branch officer will verify your signatures. Once everything is complete, you will be told to wait for a confirmation email on how to fund your stock trading account.

6. The confirmation email normally arrives within 1-2 weeks. It will tell you if your BPITrade bank account has already been activated. In order to fund your account and to start trading, you will need your BPITrade bank account number. Look this up by logging on to the BPITrade website and going to the “Portfolio” menu.

7. How to fund your BPITrade online stock trading account:

• Branch Deposit – Go to any BPI branch and make an over-the-counter deposit to your BPI Trade bank account
• Through BPI Express Online – Enroll your BPITrade bank account in your BPI online banking account and make fund transfers via the internet anytime
• Through ExpressPhone or ATM – Enroll your BPITrade bank account to BPI ExpressPhone and ATM in order to use these facilities to make fund transfers
• Wire or Telegraphic Transfer – If you’re outside the Philippines, you can still fund your account by sending a money transfer via wire to your account (Swift Code for BPI: BOPIPHMM)

8. Once your BPITrade account is funded, you can now start trading stocks online!

What is the minimum deposit needed to open a BPITrade account?
There is no minimum amount needed to open a BPITrade account. Take note, though, that if there is no deposit balance in the BPITrade bank account, it is not possible for you to purchase stocks. Also, BPI requires that you maintain a monthly Average Daily Balance (ADB) of P500.00 so that your account won’t be charged a service fee of P200.00 per month.

How to withdraw funds from BPITrade account?

1. Login to your BPITrade account.
2. On the left-hand sidebar menu, click “Services” and go to “Withdrawal Request.”
3. Fill out the withdrawal request form. Make sure the amount (in figures) you are withdrawing matches the amount (in words) on the form.
4. Your withdrawn funds will then be transferred to your designated BPI settlement account after one banking day.

source: http://www.pinoymoneytalk.com

Are you rich? Check your net worth here

The wealth scoring formula, taken from the best-selling book The Millionaire Next Door, goes:
Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide it by ten. This, less any inherited wealth, is what your net worth should be.
It may not be the ultimate formula for determining wealth but at least it gives a general idea. Let’s see some examples.

Scenario 1: Christian is 22 years old working as a call center agent earning P20,000 per month. That is his only source of income. If we multiply his age (22) by his annual salary of P240,000 (P20,000 x 12), we get P5,280,000. Divide that by 10 and his net worth should be P528,000.
What’s net worth? That’s simply assets minus liabilities. Assets would include bank savings, investments, house, and anything that can produce income. Liabilities would be things that cause an outflow of cash or other assets. That would include housing loan, car loan, credit car loan, payable to utility companies, etc. In the case of Christian, if after subtracting all his liabilities from his total assets, his net worth is more than P528,000, then he can be considered “rich.”

Scenario 2: Anna is a 35-year-old Overseas Filipino Worker earning a total of P1.8 million a year. She has a P1 million stock investment that generate yearly earnings of P50,000 on the average. Her other assets include savings of P2 million and a house which cost P5 million. This house, however, came from a bank loan whose outstanding balance is P3 million. Based only on the following data, can you say that Anna is rich?

Let’s compute:
Age x Annual Income from all sources = 35 x (P1.8 million + P50,000) = P64,750,000
Divide by 10 = P6,475,000
Anna’s net worth must be more than P6,475,000 to be considered “rich” based on The Millionaire Next Door formula.
What’s her actual net worth?
Assets: Bank Savings (P2 million) + Stocks (P1 million) + House (P5 million) = P8 million
Liabilities: Housing Loan (P3 million)
Net Worth = Assets – Liabilities = P8 million – 3 million = P5 million
Still short of the P6,475,000 magic number but we can say that Anna is on her way to becoming “rich”.
Of course, this formula has its own flaws but it’s still a fairly good way to gauge whether you’re on the righ track.
So grab a pen and calculator now and check if you’re rich. Post here the results!
Speaking of networth, it looks like some PMT members do have a high networths. Just check the discussion thread Poll: How much is your networth?

Source: Written by James | PinoyMoneyTalk.com · Filed Under Personal Finance 

List of Online Stockbrokers in the Philippines

If you’ve already finished the first parts of our Stock Trading tutorial, you probably know by now the different types of securities being traded, how profits in the stock market are made, how much is needed to start trading, and what types of stock orders you can make.
The next step now is to choose a stockbroker.
A stockbroker is a person or a corporation authorized and licensed by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) to trade securities.
The stockbroker can be a live person or an online system. A discussion of the pros and cons of each is in the forum thread Do you prefer live or online stockbrokers?.

List of Online Stockbrokers in the Philippines
Here is a list of registered online stock brokers in the country. Normally with an online broker, you are not assigned a live trader. Instead, you do trading all by yourself using the broker’s online system.
Visit each online broker to compare their fees, support and service, and quality of their trading system. You may also visit the forum discussion threads below to read PMT members’ opinion on each broker.

AB Capital Securities, Inc.
Website: www.abcapitalonline.com
Forum Discussion: Online Stock Brokers

Accord Capital Equities Corporation
Website: www.philstocks.ph
Forum Discussion: Online Broker: PhilStocks.ph

BPI Securities Corporation
Website: www.bpitrade.com
Forum Discussion: Online Broker: BPI Trade

CitiSecurities, Inc.
Website: www.citiseconline.com
Forum Discussion: Online Broker: CitisecOnline

Diversified Securities, Inc.
Website: www.dfnn.com
Forum Discussion: Online Stock Brokers

F. Yap Securities, Inc.
Website: www.2tradeasia.com
Forum Discussion: Online Stock Brokers

First Metro Securities Brokerage Corporation
Website: www.firstmetrosec.com.ph
Forum Discussion: Online Broker: First Metro Securities

RCBC Securities, Inc.
Website: www.rcbcsec.com
Forum Discussion: Online Stock Brokers

Philippine Stocks 2011: Top 10 Gainers and Losers

As promised, here now is the list of the best- and worst-performing Philippine stocks in 2011.
Last week, we posted the top 10 stocks belonging to the Philippine Stock Exchange index (PSEi) with the biggest gains and losses. That list sampled only 30 companies comprising the PSEi but in our new list below, we looked at all stocks traded on the PSE. We compared each stock’s closing price on December 27, 2010 with their stock price one year later (December 28, 2011). Stocks were then ranked based on this 1-year return.
2011 Performance of Industry Sectors
Most of us agree that 2011 was the year of the Mining and Oil sector in the PSE. To say that this sector merely outperformed the other indices is actually a gross understatement. While the PSE index grew by only 4.07% and most industry sectors gained only 1-digit growth last year, the mining and oil sector surged by a whopping 68.52%. In fact, three of the top 10 best-performing stocks came from the mining and oil sector, with all three generating 3-digit returns.
The Industrial sector, meanwhile, took a beating last year partly due to the continued slow growth in the global economy. In 2011, the sector declined in value by 2.02% and four of the 10 worst-performing stocks came from this index.
The Property sector suffered the most last year, experiencing negative growth of 6.40%. Two property stocks (Sta. Lucia Land and MRC Allied Inc.) belong to the 10 worst-performing stocks. And yet two other property firms bucked the trend, with Century Properties Group (CPG) gaining the most among all Philippine stocks, registering an astounding return of 503.08%.
The PSE sectoral performance at the end of 2011 is summarized below.

2011 PSE Sector Performance

PSEi	4,371.96	4.07%
All Shares Index	3,045.04	1.28%
Mining and Oil Index	23,504.75	68.52%
Holding Firms Index	3,503.61	3.39%
Services Index	1,616.32	1.63%
Financials Index	968.91	0.77%
Industrial Index	7,074.65	(2.02%)
Property Index	1,481.25	(6.40%)

Top 10 Gainers — Philippine Stocks 2011

The top 10 highest grossing stocks includes three mining companies, such as traders’ darling Lepanto Mining ‘A’ (LC) surging 241.30%,  Manila Mining ‘A’ (MA) growing 156.52%, and Dizon Copper (DIZ)’ increasing by 139.15%.
And yet these 3-digit returns pale in comparison to the 503.08% increase in the stock price of Century Properties Group (CPG). Trading only at P0.325 apiece last year, CPG ended 2011 with a closing price of P1.96. That means if you bought P100,000 worth of CPG at the end of 2010, those shares are now worth P603,000. CPG’s growth is attributed to its increasing market share in the residential condo market, from 6% in 2010 to 10% in 2011, thanks primarily to collaborations with Paris Hilton, Versace Home, and Trump Organization.

2011 PSE Top 10 Gainers

CENTURY PROPERTIES GROUP INC.	CPG	Property	Property	0.325	1.96	503.08%
ZEUS HOLDINGS, INC.	ZHI	Holding Firms	Holding Firms	0.193	0.76	293.78%
LEPANTO MINING 'A'	LC	Mining and Oil	Mining	0.46	1.57	241.30%
PHILIPPINE ESTATES CORP	PHES	Property	Property	0.076	0.228	200.00%
MANILA MINING-A	MA	Mining and Oil	Mining	0.023	0.059	156.52%
BOULEVARD HOLDINGS, INC.	BHI	Services	Information Technology	0.07	0.178	154.29%
DIZON COPPER-SILVER MINES, INC.	DIZ	Mining and Oil	Mining	4.70	11.24	139.15%
LEISURE & RESORTS WORLD CORP	LR	Services	Hotel and Leisure	3.80	9.07	138.68%
WATERFRONT PHILIPPINES, INC	WPI	Services	Hotel and Leisure	0.30	0.495	65.00%
VITARICH CORPORATION	VITA	Industrial	Food, Beverage & Tobacco	0.29	0.46	58.62%

Top 10 Losers — Philippine Stocks 2011
The continuing economic turmoil in Europe and in the U.S. took its toll on the Philippines’ Industrial sector in 2011. Renewable energy firm Greenergy Holdings (formerly Musx Corporation) was PSE’s worst-performing stock of the year, losing value by 86.36% in just one year. Also declining from the Industrial sector are electronics outsourcing firm Integrated Micro-Electronics (IMI), property developer/plastics maker Alphaland Corp. (ALPHA) and cement maker Holcim Philippines (HLCM).
Mining firm Atok Big Wedge (AB) was an exception to the mining sector’s boom in 2011, with its stock price declining by 44.06%. Cebu Pacific operator Cebu Air Inc. (CEB) ended the year at a price of P65.00, almost half of its value in 2010.

2011 PSE Top 10 Losers

GREENERGY HOLDINGS INC	GREEN	Industrial	Diversified Industrials	0.088	0.012	-86.36%
MRC ALLIED INC	MRC	Property	Property	0.71	0.285	-59.86%
STA LUCIA LAND	SLI	Property	Property	1.73	0.71	-58.96%
PLDT COMMUNICATIONS AND ENERGY VENTURES, INC	PCEV	Services	Telecommunications	7.50	4.00	-46.67%
ATOK BIG WEDGE	AB	Mining and Oil	Mining	42.90	24.00	-44.06%
ALPHALAND CORP	ALPHA	Industrial	Diversified Industrials	60.50	34.25	-43.39%
CEBU AIR INC	CEB	Services	Transportation	113.40	65.00	-42.68%
INTEGRATED MICRO-ELECTRONICS	IMI	Industrial	Diversified Industrials	8.20	4.84	-40.98%
HOLCIM PHILIPPINES	HLCM	Industrial	Construction, Infrastructure & Allied Services	15.50	9.45	-39.03%
PHILIPPINE STOCK EXCHANGE INC.	PSE	Financials	Other Financial Institutions	365.00	230.00	-36.99%

If you want a complete list of the 2011 performance of all PSE-traded stocks, please enter your email address below to receive the update.
* Note: Stocks analyzed exclude companies that had IPO in 2011 or were delisted by the PSE during the year.

source: http://www.pinoymoneytalk.com/pse-2011-top-gainers-losers/