Saving is Not Investing
In a recent article from BPI Asset Management, author Kleia Crucero highlighted why in the past 5 years, if you simply placed your money in a savings account or even a time-deposit account, you would have lost a fraction of your money's value due to inflation.
The five year average time deposit rate and 5 year average inflation rate for the Philippines are highlighted in the table below. While your saving's numerical value actually increased, your money's purchasing power actually decreased by -2.49% annually due to inflation.
This article highlights the fact that we should strive to find other investment instruments that can effectively beat the inflation rate. Possible alternatives are investing in bonds, stocks, mutual funds, or Unit Investment Trust funds (UITFs).
Continue reading the article to know more.
Philippines is now Investment Grade
The Philippines is Now Investment Grade
March 27, 2013
- The Philippines got its first ever investment grade debt rating from global credit rating firm Fitch.
- Fitch upgraded the Philippines sovereign credit rating to BBB- from BB+
- An investment grade rating tells investors it is safe to do business in the country and encourages them to put huge capital in the country.
Wanted: Heroes of Abundance (A Wealth Summit)
Bo Sanchez' Truly Rich Club is holding a Wealth summit on March 1-2, 2013 dubbed "Wanted: Superheroes of Abundance." Here are some of the details from the Truly Rich Club site.
11 Super Things That Will Happen To You At The WEALTH SUMMIT
Here is what you’ll gain at the TrulyRichClub WEALTH SUMMIT 2013. You’ll also find below the Superheroes of Abundance that will rescue you from the financial DANGERS around you:
- Explode The Invisible Financial Ceiling Over Your Head. Learn the Habits of the Happy Millionaire! “Captain Abundance” Bo Sanchez (Founder, TrulyRichClub) will defeat financial mediocrity in your life by helping you create patterns of financial success that all multimillionaires practice. Start a financial revolution in your life!
"Promising Returns" Variable Unit Linked Insurance and the PSEi
As we were browsing entries in Facebook, we came across this article entitled "Philamlife lures Pinoys with new insurance-investment schemes." Here's an excerpt from the news article:
Philamlife Lures Pinoys with New Insurance-Investment Schemes
by Edgardo Tugade December 3, 2012.
source: GMANews
The Philippine American Life Insurance Co. (Philamlife) on Monday said it was mostly foreigners who took advantage of the growing Philippine economy by directly investing in industries, while Filipinos kept their money in low-yielding accounts.
Thus, the insurer is introducing new products to help Filipinos benefit from the economic growth of 7.1 percent as measured by the gross domestic product in the third quarter, the fastest growth in South East Asia.
The company is promising returns of at least 8 percent in an insurance and investment plan.
Rex Mendoza, Philamlife president and chief executive officer, said most Filipinos placed their hard-earned money in savings or time deposits which earn 0.375 percent and 2.75 percent per year, and cannot even catch up with the benign inflation rate at 3.1 percent.
As you probably know already, the Philippines Stock Exchange Composite Index (PSEi) has reached a new all-time high of 6,171 this January 2013. As a result, insurance and investment companies are banking on this positive development and are aggressively marketing their investment products. (Read more after the jump)
Seminar: Essential Guide in Money Wise Investments for 2013
I am a Money Magnet! We are Money Magnets!
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Making money through Internet-based Freelancing
It's finally in the news. A lot of people worldwide, especially in developing countries, have turned to the internet for their monthly cash flow. In this article, Jeremy Wagstaff of Reuters, features Ms. Sheila Ortencio, a former university librarian turned internet freelancer. After earning a meager salary, barely enough to support her family, as a universtiy librarian, Sheila shifted to freelancing using the internet and has since earned enough money to buy a land for a house plus make down payments for a condo unit.
Her story is definitely inspiring. There is money to be made freelancing in the internet. As Sheila put it, it's the independent and modern Filipino family's way of making a living. It's a very interesting read. Read more about the internet freelancing industry after the jump.
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