Last time in part 1, I tackled comprehensively why certain high yield investment schemes has been flagged as scams by the Securities and Exchange Commission (SEC) base on what the law says about this. In part two of this three-part series I will discuss the theological perspective of this issue. Why a theological aspect? While the primary motivation for joining this high yield investment schemes is primarily monetary gain, a theological perspective is needed considering that some of these schemes are perpetuated by pastors of certain religious groups and a lot of pastors are actively involved in recruiting their members to join these dubious schemes. Probably part of the reason why these scams proliferated so easily is because of the fact that pastors exercise influence over their members. Since pastors who got themselves in these illegal schemes use Scripture to justify what they are doing, as a theologian let me also quote Scripture so that we can see what it really says … [Read more...]
High Yield Investment scams in the Philippines from a legal, theological, business, investment and economic perspective – Part 1
High yield investment schemes are a hot topic nowadays in the Philippines. Various entities have successfully enticed not only Filipinos both in the Philippine and abroad but even foreigners to get into these get rich quick scheme which offers rate of returns from 30% per month to as high as 400% per month! This burning issue (which has become a big headache for the Philippine government) is multi-faceted as it has not only legal implications. The problem is multi-faceted as it is also an investment, business, economic and even a theological problem! Why is it a theological problem that needs to be addressed? I will explain this later in part 2. As a pastor, lawyer, businessman and personal finance and investment professional this is my take on this matter. We will tackle the legal perspective first. Republic Act 8799 otherwise known as the “Securities Regulation Code” (SRC) prohibits the sale or distribution of “Securities” in the Philippines without first registering it … [Read more...]
A quick accounting and financial management test for businessmen
Are you a businessman ? Do you have a grasp of the basic accounting and finance concept necessary in order for you to run your business ? This test will determine how in deep is your accounting and finance knowledge. 1. If Microsoft sold software on credit to a customer, which of the following is the correct accounting entry: a.) Debit – Revenue / then Credit - Accounts Receivable b. )Debit - Accounts Receivable / then Credit – Revenue 2. Since one cannot see the item called Accounts Receivable, is it classified as intangible or tangible asset? 3. Is depreciation a source of cash? Yes/No 4. Since interest expense is a “financing cost,” in the Statement of Cash Flows it should be grouped with: a) Operating activities b) Investing Activities c) Financing Activities 5. If the San Miguel Corp’s “cost of debt” is 12%, then we expect the company’s “cost of equity” to be: a. zero b. greater than zero but less than 12% c. equal to 12% d. more than 12% 6. Will … [Read more...]
Stock market investing seminar in Cebu this April 2010
My good friend Claire S. Quiray a stock market analyst informed me that she will be conducting a stock market seminar in Cebu this coming April 21, 22 and 23 at the Baseline Complex Restaurant, Juana Osmena Cebu City, Cebu. Unlike most stock market seminars which only focuses on Technical analysis, this series of seminars presents a good balance between fundamental analysis and technical analysis. With the inclusion of Seminar 3, Claire takes this further by going deep into fundamental analysis as she introduces the companies in the Philippine stock exchange, their management and other things you need to know about the companies you are investing in. To me this is the brief yet most comprehensive seminar that strips away the academics and the hard to understand jargon behind investing in the stock market. This no-non sense series of seminars gives you a practical down to earth knowledge on how to invest in the Philippine stock market. The first seminar is on technical analysis … [Read more...]
Guerilla blogger launches new stock market investing blog
A lot of readers of this blog has come here because of my articles on stock market, investing, personal finance, cheap term life insurance and business. I love to write about these topics as I feel at home with them and I love discussing these topics especially stock market investing topics. Because of this, sometimes some of my other topics has been over shadowed by articles on said topics. Hence, I have decided to start a new blog on stock market investing, business and personal finance. My new blog is www.stockmarket-investing.com. This new blog is still a work in progress; however most of the elements found in a regular blog is already setup there. As of the time of this writing I have written about 5 posts there already. What’s good about setting up this new blog is that instead of writing whatever I feel, I am somewhat compelled to write about the topics sequentially. So you can notice that my early posts in the blog still does not discuss stock market investing directly, … [Read more...]
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