"The best way to save money is not to lose it." --Les Williams Let’s take a break from our stock market series and talk about money saving tips. A lot of websites and blog now offers money saving tips and this blog may be probably one among the thousands. Its one thing to talk about how to save money it is another thing to actually do it. Taking action may probably be the hardest between both. I do not claim to be the best when it comes to saving money, but I do have some trick up my sleeves. Here is some money saving tips that I have personally experienced and applied throughout the years, hope this will be a blessing to you: 1.) Be electric consumption conscious – Simply monitoring your electricity could save you a lot of money. This involves turning of appliances and lights that are not in use. Shifting to energy saving light bulbs will definitely help. We turn off our electric water dispenser and our refrigerator during the night time. (The coldness already stored in … [Read more...]
How to invest in the Philippine Stock market – Part 4c
Stock Market Conventions and Terms This is the third installment of Part 4 on how to invest in the Philippine stock market. In the first 2 parts of this series we discussed what a stock is and how to search for stock information. Now we will discuss the first half of the stock information sheet in detail. If you wish to view the previous posts click on Financial Management and investments in the categories section and you can find the stock market series there. 3.) Understanding the stock information sheet The Stock information sheet in the Philippine Stock Exchange has two columns. We will discuss the first column first. 1.) ISIN - The first thing that you see is “ISIN.” This is the stock’s International Securities Identifying Number. This number is unique for all kinds of securities worldwide. (A security is an instrument representing a financial value, such as common stocks, bonds, debt securities, bank notes etc. ) We don’t want to go into how they assign the … [Read more...]
How to invest in the Philippine stock market – Part 4b
Stock Market Conventions and Terms 2.) Searching for stock information Previously we tackled what a stock is and other things that are fundamental in order that we might be better equipped to become stock market traders or investors. Always remember that we live in the information technology age and in this age, knowledge is power. That is why it is very important that we have a good grasp of stock market terms and conventions before we tackle the nuances of actual buying and selling. The primary source of information of stocks that has been traded in the Philippine stock exchange is no other than the Philippine Stock Exchange (PSE) itself. So we will go to the website and try to make sense of the data that is presented there. Point your browsers to the Philippine stock Exchange website (PSE)(www.pse.org.ph) You will then be presented with the front page of the PSE website. Don’t worry that you cannot understand the stuff in there, we will just tackle them later on. We will … [Read more...]
How to invest in the Philippine Stock Market – Part 4a
Stock Market Conventions and Terms If you have read my previous post you must have already known why companies trade in the stock market and why you should invest in the stock market. In order to successfully trade in the stock market you must first understand the language that is being used in trading. There are several terms that might still sound foreign to you. Take note the definition of the terms that will be discussed here will not be very technical. This is not meant to be a comprehensive, “encyclopedic” dictionary or list of technical and detailed stock market terms and conventions. If you wish to have a deeper technical meaning to stock market concepts, then try searching for other sources. The concepts explained here is intended for the ordinary layman. 1.) UNDESTANDING SHARES OF STOCK – First of all we need to understand what a stock is. A stock is in a sense “a piece of ownership of a company.” To fully understand this, I will have to give a “crash course” in … [Read more...]
Want to get wealthy ? Think like the bank
Once upon a time an Overseas Filipino Worker (OFW) started working abroad. At the age of 29 he had already saved a total of P 100,000.00 (Philippine peso) Since the only investment vehicle he knew about was putting his money at the bank he went to the bank and deposited his P 100,000.00. The bank manager gladly accepted the money and even recommended that he put it at a time deposit account so that it would yield a higher interest rate at 4 % per annum. So he placed his money in the time deposit account and waited until he reached the age of 65. At the age of 65 he went back to the bank and asked to withdraw the P 100,000.00 in his time deposit account. Lo and behold his P100,000.00 already became P 400,000.00 because of the interest. So he withdrew his money from the bank and lived happily ever after. Is this a “live happily ever after” story or not? Do you consider this OFW as somebody who has “wisely” handled his money? Is he really earning the maximum potential for his … [Read more...]
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