My First One Million Pesos

[jielun]

If not for my credit card inquiry I would not have discovered this thread. Will backtrack all the posts, baka nandito na ikakayaman ko. LOL.

On serious note, I am very keen to learn about how to invest (terms like bonds, mutual funds, stock market, stocks, dividends, etc, naririnig ko lang pero I don't really know what they exactly mean.)

Is there a short-term course offered by some school, or a seminar that I can take somewhere regarding this?

[adiposethoughts]

Meron na ako nun ehhh it seems na matagal masyado ang MF...

Paano ba? I know that savings is a good thing but money doesn't grow as much as other investments... Hmm...

Help paano pa kaya? I'm trying to read aspiringentrepr's blog but I can't seem to understand all the terms...

Help sino ba may free seminar dyan?

You can check out citiseconline.com's free seminars. Just login to www dot citiseconline dot com.

You can also find a good deal of advice and information by watching Pesos and Sense every Saturday, 8:30 AM at GMA News Channel 11 (formerly known as QTV 11).

[kimerran]

I DESIRE to have my first million in 3 years.

[adiposethoughts]

With a compounding interest with an average rate of 20% per annum, if you save up at least 2,500 pesos per month, you can be assured of a million pesos IN about 10-11 YEARS.

[adiposethoughts]

So its around 5.5% net return....for a 1M investment. Not bad.

5.5% net return per annum is NOTHING. It would ONLY beat the INFLATION rate in the market.

Tas subject pa yun sa 20% withholding tax. You should find a different avenue to invest your money.

Remember, rich people DO NOT accept anything that's just the average of inflation. They accept returns that's WAY BEYOND the current inflation rate.

Check google for the current inflation rate in the PI market. Last time I checked it was an average of 5%.

About 2-3 years ago, annual inflation rate in the PI market rocketed to 9%. Try to calculate that with the current interest that your money iwas accumulating.

If 2-34 years ago, your money yielded you less than 9% mark-up, then you didn't make the most out of your money and as a matter of fact, you LOST money because technically, your money cannot afford the SAME things it could afford before the 9% inflation.

[KITHE ORTIZ]

I DESIRE to have my first million in 3 years.

I believe in you! Kung kaya mong isipin, kaya mong gawin!

[johnplmc]

Thank you so much for your insight.

I am planning to go into stocks but, right you are. Wala akong alam sa stocks... paano ba I mean may seminars ba? Sabi nila Biased daw yung sa citisec? But I will still try...

if you think that the growth on MF is too slow, then your only option is go into stocks, but if you are not very familiar with it, the chances of losing money is more than earning a profit. Investment is long term, it needs patience and discipline. . .

[adiposethoughts]

Thank you so much for your insight.

I am planning to go into stocks but, right you are. Wala akong alam sa stocks... paano ba I mean may seminars ba? Sabi nila Biased daw yung sa citisec? But I will still try...

Biased ang LAHAT ng brokers tandaan mo yan. Kahit kanino ka magtatanong, LAHAT SILA ipropromote yung sarili nilang company at products. KASI dun lang sila kikita sayo.

Ang broker ng mutual fund, sasabihin sayo lahat ng pros ng mutual fund hanggang sa maduling ka sa saya.

Ang broker ng stocks, magsasabi din ng positive values yan sayo.

THING IS... at the end of it all, IKAW pa rin ang magdedesisyon kung saan mo ilalagay ang pera mo.

Kung ako ang tatanungin (investor lang ako, hindi ako broker). Pinakamabilis ang stocks PERO pinaka-risky din ito. Nasa appetite mo na nga talaga ano bang klaseng investment ang kaya mong sikmurain. I had a couple of stocks in a multinational oil company and within a year, it gained about 50% of its original stock price. I sold it and earned an extra cash.

Ganun kasimple. It's better that you keep yourself inforrmed than to be ignorant of things that would involve your money.

Puntahan mo yun seminar ng citisec. Libre lang naman yon. At pumunta ka pa sa ibat ibang seminar na libre para mamulat ang mata mo. Mas mabuti yun may 2nd, 3rd and 4th opinion ka bago ka magdecide.


Good luck!

[Crusty_D_Clown]

Another pay day... another million.

[red_trader]

Thank you so much for your insight.

I am planning to go into stocks but, right you are. Wala akong alam sa stocks... paano ba I mean may seminars ba? Sabi nila Biased daw yung sa citisec? But I will still try...

Lahat halos may papanigan pero its best pa din if you do your own analysis and make your own decision...

Make a trade system and follow it...

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Member: TRC http://bosanchezmembers.com/amember/go.php?r=16698&i=b0

[Familyprovider]

10 years after my first work, doon ko na realize yung 1 million pesos earned. Ang hirap magipon pag empleyado.

[mrb3ans]

After reading all the posts in these thread, I just realized how lost I am with my financial management. I'm past my 30's and is not getting any yonger and I still don't have my own house!

I'll keep on back reading to learn more. I also plan to start my own thread stating my current financial status (income and expenses). This way, I can track my own progress (I wish) and seek advise from you guys.

With high sense of regret, I still don't have my 1st million pesos after 10 years of working

[gUy^]

atleast you enjoyed the 10years of your life working and having fun hindi pa naman huli ang lahat. im in my late 30's meron na ako M.. pero still i dont have my own business and goals.. natuwa lang ako mag ipon ng mag ipon... i forgot how to enjoy life hehe kaya ngayon nag sasanay na i balance ang buhay hindi lang panay work..
worst part is, parang addicting mag ipon parang bisyo yan na natatakot ka mabawasan pero mo.. hindi ako kuripot, i buy stuff na papaligaya sa akin. pero everytime i spend gusto ko nababalik ko agad yung perang nagastos ko hehe

[mamee]

Nakaka addict nga mag ipon!

[Kirbs]

Nakaka addict nga mag ipon!

For some people it is very true

Smetmes may ninanais ka na somethng ( ipad2, led tv, sound system, shoes) and you feel so sad not having it...then you realize you have the mone in the bank to just buy all of them...kahit tig 2 pa!

Pero you just can't kasi IPON mo yun! Bwahahahahaha

[jadey888]

to TS ,anong medical insurance yung kinuha mo? last time may nagkasakit sa amin philhealth insurance gamit namin eh.. may MF din ako yun nga mabagal pati yung equity ko mabagal nga eh ... ang hirap kasi sa citisec kelangan talaga pumunta sa seminar.. ang layo sa amin

how I wish naging trust fund baby na lang ako . ang saya ng buhay kung ganun lol

[nathandgr8]

^^ di mo naman talaga kelangan umattend ng seminar sa citiseconline. may mga kilala ako, nagsubmit lang ng requirements.

meron din yata na yung citisec pa yung pipickup ng papers/application mo. check mo na lang sa kanila.

[mamee]

For some people it is very true

Smetmes may ninanais ka na somethng ( ipad2, led tv, sound system, shoes) and you feel so sad not having it...then you realize you have the mone in the bank to just buy all of them...kahit tig 2 pa!

Pero you just can't kasi IPON mo yun! Bwahahahahaha

Oo sa totoo lang kapag may nakakausap ako na nagyayabang about their new gadgets/ bags gusto ko sabihin na kaya ko bilhin kahit 1 dozen nyan pero nasa investments ko! hahaha... Although, never naman talaga akong naging materialistic so ok lang...

how I wish naging trust fund baby na lang ako . ang saya ng buhay kung ganun lol

I disagree. IMO, kahit trust fund baby dapat may ipon/ work/ investments kasi mauubos rin ang laman ng trust fund.

[gUy^]

^^ agree ako sayo mamee... bakit bibili ng isang bagay na hindi naman kelangan? karamihan na nag ipad nakikita ko nag games lang hehehe siguro kung magagamit yung full capability and kung kelangan bilhin bakit naman hindi diba? sabagay kanyang kanya diskarte at kasiyahan ng bawat isa sa atin yan