
Financial Planning
#1
Posted 07 August 2013 - 12:56 PM
I'm 35 this month, no dependents and projecting I will be single forever.
Currently, I have savings and mutual funds. Im also paying off my card debt which will be paid off by november and personal loans which in my current plan, will be paid off next year.
I have work and plan to take my Master's next sem.
What investments do I need to buy for my long term gain? Should I tweak my budget and payment scheme to reach my goals quicker?
Thanks!
#2
Posted 08 August 2013 - 06:00 PM
Investments have to be long term, so you'll have to regularly set aside a specific amount for this, and budget for other expenses such as debt payment, living allowance, emergency funds (medical emergencies), a separate fund that you'll use to lend or help other people (so that if you've already lent it out, you wont feel guilty in saying no to the next person who borrows or asks for help), money to give to parents, tuition fees, and a little money for your wants (treats). After setting these aside, use your investment fund wisely.I'm looking for advices from financial planners and rich folks who managed to retire early.
I'm 35 this month, no dependents and projecting I will be single forever.
Currently, I have savings and mutual funds. Im also paying off my card debt which will be paid off by november and personal loans which in my current plan, will be paid off next year.
I have work and plan to take my Master's next sem.
What investments do I need to buy for my long term gain? Should I tweak my budget and payment scheme to reach my goals quicker?
Thanks!
There are plenty of investment models to choose from which you can search over the internet, but since you are young and working, I suggest you follow the rule of thirds. Invest 1/3 in low risk instruments, 1/3 in medium risk instruments and the last 1/3 in high risk instruments. This could translate to investing in bonds & government securities (low risk), blue chip stocks or UITF targeting blue chip stocks (medium risk), and high risk instruments could be aggressive UITF placements. One key is to buy or place investments regularly (say monthly) so by averaging, you spread the risk and will earn more in the long term. Know the companies you are investing in and don't go by what people say is "good" and blindly jump on the bandwagon. As much as possible, invest in companies with long term growth as this will be the basis of appreciating stock value. Avoid penny stocks.
Hope you can find more info over the internet and find the approach that is right for you.
- twopiecechicken likes this
#3
Posted 09 August 2013 - 11:53 AM
#5
Posted 26 August 2013 - 08:07 AM
I read that I have to get rid of my debt first before I invest. That's what im doing now.
Correct. Aside from paying off debts. Set percentage of your income to savings account that earn enough interests greater than the inflation rate of our country. For phils. Its 5-8% inflation rate per annum. It means the investment vehicle you should invest in must give of interest greater than the rate. Personally i save on an investment that earns 1% monthly tax free. Thats 12% per annum net.
Rule of thumb for savings :save a minimum 3x worth of your monthly income. So u can have buffer for rainy days.
#6
Posted 26 August 2013 - 10:34 PM
Correct. Aside from paying off debts. Set percentage of your income to savings account that earn enough interests greater than the inflation rate of our country. For phils. Its 5-8% inflation rate per annum. It means the investment vehicle you should invest in must give of interest greater than the rate. Personally i save on an investment that earns 1% monthly tax free. Thats 12% per annum net.
Rule of thumb for savings :save a minimum 3x worth of your monthly income. So u can have buffer for rainy days.
What investment earns 1% per month?
#7
Posted 26 August 2013 - 10:55 PM
#8
Posted 11 September 2013 - 01:11 PM
i'd recomm you pay off your personal loan and credit card debts muna before going into investments.
just bear in mind that any investment that promises fantastic returns is also high risk. If it sounds too good to be true, it usually is.
Also, you would want investments that are liquid and preferably conservative (i.e. will not flunctuate in value sharply). I'd say retail Treasury bonds, or UITFs offered by banks / SunLife (these are NOT insured by PDIC). I would steer clear of stocks right now, except for blue chips like Jolibee, Ayala, etc. Invest only in companies whose products / business you understand.
#9
Posted 11 September 2013 - 04:12 PM

#10
Posted 12 September 2013 - 03:10 AM
makiki-alam lang... hehehe
I think the best investment that you have for now is it focus on your masters, and look for a business that you will love and that you can maintain til your old ripe age. Nothing against those that are advising you to invest in companies, stocks, etc, for that is what normal people do... The problem is that normal people don't usually get rich, i mean really rich, and they end up with just being comfortable getting by. Investing in yourself by believing in what you can do, what you can achieve and creating your own business empire at this age is really feasible, as long as you find that one thing that you always love to do. It'll be hard, at first, but it sure will be worth it in the end. The difference between starting your own company and investing in other companies is that you make yourself grow, and you can adjust your company, not the other way around, and you will not be enslaved by the general economics. Successful businessmen have one common thing they believed in and invested all their money and efforts on that particular aspect: THEMSELVES.
Anyway, who am I to advice you? I'm not a financially adequate person nor have I invested in anything worth more than friendship.
#11
Posted 12 September 2013 - 12:58 PM
<br /><br /><br /><br />I read that I have to get rid of my debt first before I invest. That's what im doing now.<br />
Check anc or follow the blogs of joe ferreria very good financial advisor.
Take a cue from him. Your money will reach their full growth.
#12
Posted 16 September 2013 - 01:05 PM
Then i'd work on my personal loan. :-)
#13
Posted 18 December 2013 - 04:48 PM
#14
Posted 04 January 2014 - 03:56 PM
#15
Posted 09 February 2014 - 11:24 AM
1. Got rid of one credit card. Finally.
2. About to pay off my tuition loan for this semester when I go to school this week.
3. Joined a paluwagan with a 6 month cycle to help me save funds and earn some interest from it.
4. Managed to use only cash for spending for the last month.
5. Slowly paying off the existing card debt that ballooned to uncontrollable proportions.
6. Scheduled the projected major expenses and budget for these expenses for the the entire year (yes, they are important expenses since they will pay off my bills).
***I have forgotten how good it feels to be kuripot, to not overspend, and to be debt-free. This kuripot lady is soooo back.
Optimistic and way better 2014 it is for me.


#16
Posted 28 March 2014 - 11:11 AM
My money updates so far:
1. Got rid of one credit card. Finally.
2. About to pay off my tuition loan for this semester when I go to school this week.
3. Joined a paluwagan with a 6 month cycle to help me save funds and earn some interest from it.
4. Managed to use only cash for spending for the last month.
5. Slowly paying off the existing card debt that ballooned to uncontrollable proportions.
6. Scheduled the projected major expenses and budget for these expenses for the the entire year (yes, they are important expenses since they will pay off my bills).
***I have forgotten how good it feels to be kuripot, to not overspend, and to be debt-free. This kuripot lady is soooo back.
Optimistic and way better 2014 it is for me.![]()
Big loan paid off! Finally. :-)
More breathing room and time to reduce more debt.
Still kuripot. :-)
#17
Posted 02 April 2014 - 04:28 PM
Big loan paid off! Finally. :-)
More breathing room and time to reduce more debt.
Still kuripot. :-)
i have learned lately that the best investment is to have your own business
#18
Posted 03 April 2014 - 11:53 AM
For me real estate property would be a nice investment! Kapag may sobra pera bili ng lupa or bahay kasi it doesnt depreciate, you can have it rented or lease. May mga konti maintenance lang like renovation, property tax you have to pay at the end of the year pero minimal lang. I also plan to invest sa mga stocks & funds pero pinag aaralan ko pa at pag nakaluwag sa budget. True you need to have 3x saving worth of your monthly income/ expenses.
#19
Posted 03 April 2014 - 04:11 PM
Ako to be honest may pagka kuripot ako, as much I save money for me & my wife we always need to support our families back home ( parents, siblings kamaganak etc...). Last Dec. paguwi ko just learned that my Mom sold our houses in Alabang & Tagaytay to pay for my cousins Chemo Therapy & bone narrow transplant. Atleast they were able to buy a smaller house in BF resort but my Mom still paying off other debts she incurred while my p#tang$na Tita & cousins went to Disneyland HK! Those f#&ks took my Mom for a fool, after tumulong ngayun iniwan Mom ko sa ere!!! Pati savings account ko sa Pinas simot at nag bayad pako ng utang nila sa Pinas! Sorry medyo off topic nako! Online rant lang that I need to get off my chest!
For me real estate property would be a nice investment! Kapag may sobra pera bili ng lupa or bahay kasi it doesnt depreciate, you can have it rented or lease. May mga konti maintenance lang like renovation, property tax you have to pay at the end of the year pero minimal lang. I also plan to invest sa mga stocks & funds pero pinag aaralan ko pa at pag nakaluwag sa budget. True you need to have 3x saving worth of your monthly income/ expenses.
very true...kasi tayong mga pinoy are family oriented hindi kagaya sa mga canadiano na kahit sa grocery kanya kanyang bayad.
#20
Posted 20 June 2014 - 02:55 PM
with us helping our families financially, it's okay i think. But seeing them take for granted the help we extend even if we are not obligated to? disgusting. and such an attitude will make me decide to just cut off any support i give them.
each person is obligated to help himself at the very least. that's a fact of life.
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users