money Financial Planning

[MRROUGHSEX]

 

 

Isang round ng sale buying. Okay na. Pampababa lang naman ng peso cost average ang habol ko. Long-term investing naman ako.

 

Next quarter na uli ang bilihan

Congrats! It's a great big step!

[neville]

Congrats! It's a great big step!

Thanks.

 

Kanina ko Lang napansin na halos two years old na pala portfolio ko sa COL 😁. Pulang-pula Lang dahil sa Covid-19. Ang dating 470+k na value, 315+ na Lang.

 

Oh well.

 

Dahil Ang laki NG exposure ko sa market, nag-desisyon na akong pasukin Ang MP2 ng PAG-IBIG at co-op investing para mas diversified ang portfolio ko at mas managed Ang risk.

 

Pare-pareho namang ligwak Ang performances, pero at least diversified pa Rin. Mas minimized Ang risk. Inaayos ko na budget ko para sa dalawang investments. Aayusin ko uli as needed.

[MRROUGHSEX]

Thanks.

 

Kanina ko Lang napansin na halos two years old na pala portfolio ko sa COL . Pulang-pula Lang dahil sa Covid-19. Ang dating 470+k na value, 315+ na Lang.

 

Oh well.

 

Dahil Ang laki NG exposure ko sa market, nag-desisyon na akong pasukin Ang MP2 ng PAG-IBIG at co-op investing para mas diversified ang portfolio ko at mas managed Ang risk.

 

Pare-pareho namang ligwak Ang performances, pero at least diversified pa Rin. Mas minimized Ang risk. Inaayos ko na budget ko para sa dalawang investments. Aayusin ko uli as needed.

 

Ayus. Pero dahil down ang stock market, now is an even better time to buy more stocks regularly. Tataas din yan say after 1 year.

[neville]

 

Ayus. Pero dahil down ang stock market, now is an even better time to buy more stocks regularly. Tataas din yan say after 1 year.

 

 

Yup, peso cost averaging pa rin dapat sa market. Naisip ko lang dagdagan pa ang paper assets ko.

 

Karagdagang active income na lang ang kulang

 

Hindi ko pa nakukumpleto ang seven income streams hehehe

[MRROUGHSEX]

 

 

Yup, peso cost averaging pa rin dapat sa market. Naisip ko lang dagdagan pa ang paper assets ko.

 

Karagdagang active income na lang ang kulang

 

Hindi ko pa nakukumpleto ang seven income streams hehehe

Haha sa Bible ba yan?

[neville]

Haha sa Bible ba yan?

 

 

Ewan. Sa dami ng napanood kong personal finance videos, di ko na malaman kung sino ang pinagmulan ng ideyang iyan. hehehehe

 

 

 

Take-away from the latest batch of personal finance videos: revisit and fine-tune your financial goals.

 

Ilang ulit ko nang sinabi noon dito na ang long-term target ko ay in 20 years, maging worth $1M in today's value. Hindi nawawala sa isip ko na may kulang sa sinabi ko. Kasi, puwedeng on paper, $1M ang value ko, pero wala akong cash.

 

Doon ko napagtanto, wala pala akong specific cash flow goal.

 

Yes, I still aim to be worth $1M in today's value when i turn 60. But, aside from that, I aim for my passive income to give me a monthly cash flow of PhP100K in today's value. That way, I know I will be comfortable in my retirement, sans any need to bother my sister's kids for financial assistance.

 

I would only need them to drive me around. Hehehehe

[MRROUGHSEX]

 

 

Ewan. Sa dami ng napanood kong personal finance videos, di ko na malaman kung sino ang pinagmulan ng ideyang iyan. hehehehe

 

 

 

Take-away from the latest batch of personal finance videos: revisit and fine-tune your financial goals.

 

Ilang ulit ko nang sinabi noon dito na ang long-term target ko ay in 20 years, maging worth $1M in today's value. Hindi nawawala sa isip ko na may kulang sa sinabi ko. Kasi, puwedeng on paper, $1M ang value ko, pero wala akong cash.

 

Doon ko napagtanto, wala pala akong specific cash flow goal.

 

Yes, I still aim to be worth $1M in today's value when i turn 60. But, aside from that, I aim for my passive income to give me a monthly cash flow of PhP100K in today's value. That way, I know I will be comfortable in my retirement, sans any need to bother my sister's kids for financial assistance.

 

I would only need them to drive me around. Hehehehe

 

 

Check Ecclesiastes Chapter 11 Verse 2.

 

Re valuation, strive to grow "cash" valuation instead of goodwill or brand valuation. Once me "cash" ka, madali na yung non-cash valuation on top of it.

[neville]

 

 

Check Ecclesiastes Chapter 11 Verse 2.

 

Re valuation, strive to grow "cash" valuation instead of goodwill or brand valuation. Once me "cash" ka, madali na yung non-cash valuation on top of it.

 

Invest in seven ventures, yes, in eight;

you do not know what disaster may come upon the land.

 

Ecclesiastes 11:2

 

 

The seven streams of income.

 

Napatingin ako sa definition of terms. Ngayon ko Lang narinig Ang brand valuation.

 

Kung Tama intindi ko, malakas ang brand valuation ko dahil basehan ng bulto ng financial standing ko ay stocks, MF, at insurances (tatlo!). Iba pa rin ang stability mo pag malaki ang liquid cash reserve mo (cash valuation).

 

Yes, pinag-iisipan ko na Kung paano ko palalakihin ang cash valuation ko via passive income. Hanap ng dagdag na income source para may pang-PAG-IBIG MP2. Cooperatives rin para sa diversification; yung dividends nila ay malaking tulong para sa cash flow.

 

Business, real estate, at royalties na Lang.

 

Finishing my thesis, writing classes for my blog. Focusing on one major task at a time. Mahirap sa akin ang masyadong busy, madali akong ma-burn out.

 

I'll get there soon enough.

[MRROUGHSEX]

I think na-misunderstood kita.

 

You were actually talking about net worth goal of $1M by age 60, while I thought you were meaning a business valuation of $1M by age 60. My mistake LOL.

 

Yes, net worth is all encompassing, not just cash but also like you said, business, real estate, and royalties.

[neville]

I think na-misunderstood kita.

 

You were actually talking about net worth goal of $1M by age 60, while I thought you were meaning a business valuation of $1M by age 60. My mistake LOL.

 

Yes, net worth is all encompassing, not just cash but also like you said, business, real estate, and royalties.

 

 

Yep, net worth. Not business value

 

For some reason, I do not really see myself as an entrepreneur. I'd rather invest and let someone who knows what he is doing manage the money in the business venture.

 

Ah, I have to redo my budget. I forgot to consider a bank account I keep for my time deposit. Tsk.

[neville]

Personal Finance Reflections:

 

1. Growth investment tools (the stock market and aggressive MF--equity index, dividend yield, and equity funds) are touted good ways (by a Registered Financial Advisor) for me to reach in 20 years my PhP50 M net goal.

 

2. In order for me to reach my goal of PHP100,000 monthly passive income within 10 years, i need to up my investments.

 

3. Diversify, diversify, diversify.

 

4. PAG-IBIG MP2, investing in cooperatives and/or a MF-like set-up for cooperatives, time deposits, real estate via rental properties, franchise businesses, and blogging/YouTube content creation are good ways to create tangibile passive income.

 

5. Sectors that are most resilient in the PSEi are power and utilities (MERALCO), and consumer (groceries). Companies under these categories may be the first to recover the bear market.

 

6. Another source of active income is needed to speed up my financial goals.

 

 

 

 

 

In other words, kailangang maging curacha uli.

Edited May 2, 2020 by neville

[MRROUGHSEX]

Push natin yan neville!

[neville]

Push natin yan neville!

 

Hear! Hear!

 

In the meantime, MAliligo muna ako. Baka tamarin uli ako. Hahaha

[MRROUGHSEX]

As of 20200506

2020 Financial Goals

Property

* Reduce total debt to $42K by year-end (currently at $50K)

* Expect condo value to appreciate to $52K by year-end (currently at $50K)

* Anticipate house value to appreciate to $290K by year- end (currently at $277K)

Savings for Current Use

* Increase college savings of children to $27K by year-end (currently at $22K)

* Buttress business fund to $100K by-year end (currently at $160K) -- MET (I switched $40K from Retirement to there)

* Save up for parents' emergency bills to $8K (currently at $5K)

Savings for Retirement/Future Use

* Grow retirement savings to $210K by year-end (currently at $150K)

* Drum up social security savings to $192K by year-end (currently at $181K) (Note: PV at $360K for age 62)

* Increase % of paid tax vs deferred tax in my Retirement savings to 25% (currently at 28%). -- MET

* Bridge the gap between Retirement savings and Business fund to $90K -- MET

[JohannBeckham]

Personal Finance Reflections:

 

1. Growth investment tools (the stock market and aggressive MF--equity index, dividend yield, and equity funds) are touted good ways (by a Registered Financial Advisor) for me to reach in 20 years my PhP50 M net goal.

 

2. In order for me to reach my goal of PHP100,000 monthly passive income within 10 years, i need to up my investments.

 

3. Diversify, diversify, diversify.

 

4. PAG-IBIG MP2, investing in cooperatives and/or a MF-like set-up for cooperatives, time deposits, real estate via rental properties, franchise businesses, and blogging/YouTube content creation are good ways to create tangibile passive income.

 

5. Sectors that are most resilient in the PSEi are power and utilities (MERALCO), and consumer (groceries). Companies under these categories may be the first to recover the bear market.

 

6. Another source of active income is needed to speed up my financial goals.

 

 

 

 

 

In other words, kailangang maging curacha uli.

I like a written plan thats specific. Kudos to you!

[MRROUGHSEX]

JB welcome back! Tagal din nawala.

[JohannBeckham]

JB welcome back! Tagal din nawala.

Honga, busy lang. Kamusta na mga investment nyo now that we're in the middle of a pandemic?

 

Ako im still buying ETFs as per my monthly schedule. Although, im only investing 50% of my savings, the rest i use to top-up my emergency fund. Medyo worried ako sa family namin ng wife ko sa Pinas kasi for sure we would need to pay their bills if ever ma hospitalise sila. Since we are in the midst of a pandemic, mas mataas ang risk nila magkasakit.

I'm glad we've flattened covid 19 curve here in Australia and will easing restrictions in the coming weeks.i cant wait to go back to gym and have sit down meal in our favorite restau.

Edited May 11, 2020 by JohannBeckham

[MRROUGHSEX]

Honga, busy lang. Kamusta na mga investment nyo now that we're in the middle of a pandemic?

 

Ako im still buying ETFs as per my monthly schedule. Although, im only investing 50% of my savings, the rest i use to top-up my emergency fund. Medyo worried ako sa family namin ng wife ko sa Pinas kasi for sure we would need to pay their bills if ever ma hospitalise sila. Since we are in the midst of a pandemic, mas mataas ang risk nila magkasakit.

I'm glad we've flattened covid 19 curve here in Australia and will easing restrictions in the coming weeks.i cant wait to go back to gym and have sit down meal in our favorite restau.

In my area, Phase 1 opening of small businesses is May 28. My and my kid can't wait to go also to our fave Japanese buffet restau.

 

It's a wait and see mode now for me. I'm 80% equity because of the planned openings but would lower it if implementations are failing.

[JohannBeckham]

In my area, Phase 1 opening of small businesses is May 28. My and my kid can't wait to go also to our fave Japanese buffet restau.

 

It's a wait and see mode now for me. I'm 80% equity because of the planned openings but would lower it if implementations are failing.

Keep your powder dry pre for sure in the coming months there will be big bargains for us. Ang taas ng unemployment grabe and that would hit company earnings, which would bring stock prices down further.

[MRROUGHSEX]

Made a couple of tweaks by moving "insurance" type of savings like parents' medical care and children's college fund from Savings to Insurance (not part of net worth).

As of 20200606

2020 Financial Goals

Net Worth:

Property

* Reduce total debt to $42K by year-end (currently at $49K)

* Expect condo value to appreciate to $52K by year-end (currently at $51K)

* Anticipate house value to appreciate to $290K by year- end (currently at $278K)

Savings for Current Use

* Buttress business fund to $100K by-year end (currently at $170K) -- MET (I switched $40K from Retirement to there)

Savings for Retirement/Future Use

* Grow retirement savings to $210K by year-end (currently at $154K)

* Drum up social security savings to $192K by year-end (currently at $181K) (Note: PV at $360K for age 62)

* Increase % of paid tax vs deferred tax in my Retirement savings to 25% (currently at 29%). -- MET

Non-Net Worth:

Insurance:

* Save up for parents' emergency bills to $8K (currently at $6K)

* Increase college savings of children to $27K by year-end (currently at $24K)

[xays99]

Hello sa financial guru triad!

 

What do you guys think about investing on lot/lands in the Philippines for the coming months?

[JohannBeckham]

Hello sa financial guru triad!

 

What do you guys think about investing on lot/lands in the Philippines for the coming months?

Farmland to farm as in agricultural land? If your just buying land, a piece of dirt for "putik" sake, my opinion is its not so good of an investment for it will be just a liability paying mortgage, amilyar, etc.

 

Kung ang plano mo nmn ay papatayuan mo ng town house, apartments pra paupahan ok din yun. Kung do the math yourself.

 

Kung para nmn sa personal na gamit, bahay pra sa pamilya then ok din yun, but its not an investment but a lifestyle choice.

[mrbig86]

Hello sa financial guru triad!

What do you guys think about investing on lot/lands in the Philippines for the coming months?

 

It depends on where you're going to buy that lot. First of all, make sure you're aware of where the development is going to be in the next 5-10 years. That way, you can pick a lot located in/around that area. Once development starts, the land value generally increases. I can give you an example about a lot I bought in the Visayas. I bought the lot roughly 10 years ago for 5 million. Now, the lot is worth 13 million because of the development happening in a nearby city. Another example is our property in Parañaque. When Arca South in Taguig started to be developed, it's value increased to more than double the original price in just 7 years - ready to be sold.

 

You will be able to get good information about the point I mentioned above from NEDA.

 

If you're thinking of investing in farm lands (for you to farm), take a note of the following:

1. Make sure the farm land has good irrigation system - some farm lands get enough water supply for a better part of 10 months, but some can barely get enough water for 8 months, worse some are only getting water for 5.

2. Compute your per cropping expenses (for rice fields, it's roughly around 30K per hectare every 3 months (one cropping), but may change depending on how your payment to your farmers are structured). The 30K includes fertilizer, pesticides, and all other expenses for you to complete one cropping (from planting to harvest)

3. Compute your per cropping income (If you're able to harvest, rice fields can net you around 20-50K per hectare, per cropping)

4. Make sure that farm land is not flood prone

5. Make sure you have a consistent buyer to sell to upon harvest

6. One last thing, make sure the area where you're planning to buy the land is not infested with NPAs.

 

Building a property to have it rented is not a good investment (in my opinion), unless you build a commercial building. Building an apartment which will only NET (not Gross) you around 20K a month is not worth the effort, not to mention it will take long to recover that ROI, while you're also required to maintain that apartment. If you're looking for a passive income, then it's a so-so idea.

 

I suggest you buy-hold-sell.

Edited June 10, 2020 by mrbig86

[MRROUGHSEX]

Great advise so far.

 

Me, fixed assets is not my cup of tea. I want ease of buying and selling like in a stock market. I can go and have adventure anywhere in the world (with internet LOL) and still be in touch with my investments online.

 

Fixed assets bind people to that area else risks squatting issue. Or if you have tenants, collection of rent becomes issue if you go elsewhere for a long period.

 

I love buying property for living in it. It's like paying rent but with a stopping point. When I move, I sell it and buy another one.

[mrbig86]

Another good investment (assuming money is not an issue) is buy and sell of office spaces. You buy an entire floor (during pre-sell), then sell it once the building is 75% complete.

 

You double (or even triple) your investment in 3-5 years. The challenge here is getting into the right crowd - who could connect you to the developer/owner of the building that will be constructed.