JohannBeckham

Business analysts!

On 4/27/2022 at 4:40 PM, MartinDomingo said:

im in poverty now at naghihikahos

now this is my revival plan

I earn

8k - 10k a day

if 8k for 26 days thats  208k in 6months thats 1,248,000

if 8k for 30 days thats  240k in 6months thats 1,440,000

if 10k for 26 days thats 260k in 6months thats 1,560,000

if 10k for 30 days thats 300k in 6months thats  1,800,000

 

i can do this

I just need discipline and focus

just the 2 of that

I can do this

patience too as well

 

 

You have good income pero try to elevate your investment savings din. Kung kaya mo i invest kalahati ng take home pay mo, mas mainam

On 4/19/2022 at 2:58 AM, Blue Boy said:

Need advise mga sir. I want to prepare for my eventual retirement. I'm now 46. Due to my unhealthy lifestyle, I take maintenance medicine and I flunked the medical test when I tried to get insurance. Ano kaya ang puede ko paglaanan for investment that I can build on when I retire. I'm thinking of running a business pero hindi ko alam kung ano kasi ever since hindi naman ako business-minded person.

why not shares or mutual fund? I personally invest in exchange traded fund (ETF) using Vanguard ETFs. Nasa Pinas ka ba or abroad?

kung retirement ang goal mo, then determine when you plan to retire how much you need when that time comes. Rule of thumb na gamit ng mga financial planners is 25x ng yearly expenses mo. So for example, if you plan to retire 20 years from now and na compute na you need lets say Php 50,000 per month or Php 600,000 a year of income to support your lifestyle, then you would need Php 15M of investment to support you till your 96 years old. 
So ngayon ang po problemahin mo paano ka magkakaroon ng ganong kalaking investment by 2042. Some people do it by real estate, business, shares. 

Ano na balita dito? Kamusta na mga financial plans natinat mga buhay buha?

Kami naman ni misis we pause our Financial Independence Plan kasi lumipat kme ng ibang state dito sa Australia at it is so expensive to move. We spend $40k buying furnitures white goods etc kasi di na namin dinala yung mga gamit namin when we move inter state.

this week balik investing in ETFs ulit, dollar cost averaging into the market.

we plan to have a holiday in Manila this December and we cant wait to meet friends and family. 

who are interested here for a free financial planning. i am a registered financial planner here

Can you share a little bit of your financial journey?

Finally. I managed to make my own personal statement of assets and liabilities. I'm 95% complete. I have yet to figure out how to compute the growth and decline of all my investments, as well as create a graph showing a 10 year projection starting from 2020.

 

I'm ready to show my thick excel file to the registered financial planners I will get in touch with. That and the questions I have in my head.

 

Thanks to the pandemic, I am finally solidifying setting aside and investing the money I allocate for buying my own house. The room I live in is beginning to give me cabin fever. I need some breathing room. Most importantly, I realized how hard it is to live away from my sister and her kids.

 

So far, I am in the positive. Adding up all the values of my portfolios against my payables and card debts, I remain a millionaire. On paper.

 

If everything goes right with my cash flow, I will be a cold cash millionaire in 2028. How to make it faster is the question I will pose to the RFP.

 

Maligayang Pasko, boys.

Good job on collating spreadsheet and getting a better view of your financial position.

I do this as well as i set it up via googlesheets so i can get daily report of my networth (atleast on my ETF position). Our only debt is my wife's student loan which is not huge.

Haha bakit galit sa 2020? Financially it's ATH!

 

From BushFire in Australia, to F$cking Covid, to Typhoon in the Philippines.

 

But your right, i got a lot richer financial this year, but men, i dont want another year like 2020.

2020 is almost over (f$ck you 2020, im glad your almost over), how's you're goals so far?

 

Kme nmn i think we are on the way to reach a savings rate of 58% (mind blown). The highest savings rate we had is only 54% back in 2018. We're not able to go on holiday this year (because of Covid), both international even inter state travel that we've plan and that let us reach the milestone of investing 58% of our take home pay into ETF that follow the index (Australia, U.S. and International excluding U.S.).

 

Dividends is good din this year, although its a little short of $15k.

 

2021 is exciting. Lets see if we can invest more than 58% of our takehome pay in 2021.

Fishing for your opinions. Humor me, guys.

 

My pillows and bed linens are due for replacement. My original option is to buy online from Dakki (a local brand known for selling reasonably priced pillows and linens). The quality's okay for its price. Think everyday, hampas lupa pillows....

 

Then I dropped by Rustan's Department Store this morning. I checked the pillows and linens. The prices were at least four times that of Dakki's. But the sales girl was right: they feel like what you'll find in good three to four star hotels. The linens, especially. I've been to a business hotel in Cebu City and the pillows were to die for. Sarap ng tulog ko.

 

My pillows now give me stiff neck days when I wake up on the wrong side of my mattress.

 

Case in point: Dakki's Body Pillow cost 800 pesos. Rustan's will charge me 2800 pesos.

The regular pillows are bigger than the pillows I use now. The firm ones are 5K, I think. The in-between soft and firm is 6K. Dakki's regular-sized pillows, which are a little smaller is around 300 pesos.

 

But the expensive ones do feel like the pillows in really good hotels.

 

I can find the budget for these pillows and linens, if I want. For me, it's a question of whether I want to enjoy that unbelievable sleep every night or if i want to prioritize the cost and hate my pillows on some occasions.

 

If I throw in my sister's argument, I should spend so much when I finally have my own place...And from the rate I'm going, it will be at least 10 years before I can finally afford to buy the place that is really to my liking.

 

What do you think?

 

Just buy the damn pillow. You sleep a third of a time so splurge if you must.

Hi,

 

Bookkeepers are different from accountants. You can always do your bookkeeping but for professional jobs, it is recommended that you hire a an accountant.

 

Later, I will discuss a lot of things.

Your right theoneand, bookkeeper is different from accountant for I married an accountant and I can tell you accountants do more than bookkeeping. They're more of a trusted advisors in all things related to finance and the business.

 

Tells about your story naman, how did you get interested in financial topics and where are you in your financial journey?

Anyone here well versed with diversifiying mutual funds? Or should I start day trading say for ex i have ample time naman..real noob here but willing to learn and invest.

It depends sa risk tolerance mo and investment vehicle you're comfortable putting time and money in.

 

Personally I invest in exchange traded index funds, specifically in U.S., Australia and International excluding U.S. funds.

 

Naan k b ngayon, Pinas o abroad? Anong goals mo? For investing? What's you current financial picture look like? Do you have debt? In this thread we usually ask you these questions before we give opinions kasi personal finance is indeed personal. What's best for me is not necessary best for you

 

 

Oh, okay. That explains the tax explanations.

 

Most of the folks here actively discussing personal finance are based abroad. I'm in the Philippines. Tax payments became part of my concern because I'm no longer employed. Instead, I do freelancing work online with clients based out of the country.

 

I've been catching up on reading tax basics for freelancers because I need a good proof of income when I apply for a visa or when I finally purchase my own piece of property.

 

I tried watching videos, even that of Taxumo. Pasok sa isang tainga, labas sa kabila ang mga sinasabi. Back to reading muna ako.

I agree Kay throne, mukang kelangan mo nga ng accountant to advice you in tax matters

 

 

Oh, okay. That explains the tax explanations.

 

Most of the folks here actively discussing personal finance are based abroad. I'm in the Philippines. Tax payments became part of my concern because I'm no longer employed. Instead, I do freelancing work online with clients based out of the country.

 

I've been catching up on reading tax basics for freelancers because I need a good proof of income when I apply for a visa or when I finally purchase my own piece of property.

 

I tried watching videos, even that of Taxumo. Pasok sa isang tainga, labas sa kabila ang mga sinasabi. Back to reading muna ako.

I agree Kay throne, mukang kelangan mo nga ng accountant to advice you in tax matters

May tax refund ba sa Pinas or tax offset lng?

Making a list of all my financial goals and expected expenses from 2021 and beyond.

 

I'm following what Wealth Arki taught in its YouTube Channel.

 

The list includes a realignment of my bugeting and sources of funding for my big goals and expensess.

 

Sakit sa ulo. 😆

Speaking of goals, it looks like we're break our savings rate record this year. The highest savings rate is 54% in 2018 and this year we are looking at possibly 58%

The Position of f#&k You https://youtu.be/eikbQPldhPY

 

How's your "F U" money my friends?

 

Yan isa sa pinaka paborito kong finance blogger, JLCollins

pwede ka na maging certified financial planner Madam Neville! this is a nice room and i just found it just now...

Kung may tanong ka post ka lng dito

asking all the FINANCIAL GURUS out here....if you can save PhP5,000 a month, would you save it in a bank?? ayoko kasi ilaban sa stock market baka mag depreciate yung pera ko....

 

any other ideas except bank deposits???

 

thanks....

I started listening to Dave Ramsey (a U.S. based guru in 2011) and used some of his principles as a newly married person. He teaches the 7 baby steps so sinunuod ko yun.

Step 1: have a beginner emergency fund of $1,000

Step 2: Pay your debts except mortgage

Step 3: have a fully fund emergency fund of 3-6 months of expenses, preperably in a high interest savings account

Step 4: start investing

And so on and so forth up to step 7 (google mo na lng)

 

Sa mga friends ko na nag sisimula p lng, i recommend dave ramsey's principles kasi dali lng maintindihan.

 

These daya im into F.I.R.E. or financial independence, retire early movement which medyo different kay Dave Ramsey. Just search aa Youtube or podcast for ChooseFI and andun lahat ng principles na sinusunod ko.

My savings rate is only 25%. No economies of scale from double income couple, kasi single parent.

 

Rate of return is my way to get as close to working couples' haul.

 

OK lng kahit 25% ang savings rate mo, ang laki na nmn ng networth mo.

 

Ako ang target ko 5 years from now, i'll stop savings for my retirement and my wife. No more 50% or more savings rate for retirement. Whatever income we get we plan to spend them for a certain experience and punuan trust fund ng anak namin. I also plan to give the inheritance to our daugther earlier not when we die but give it to her spread across period starting when is 25 years old till she reaches 35 (e.g. deposit for a house, capital for her business if ever, wedding, etc). Our retirement money naming mag asawa will be just for us alone and we will spend them all hopefully close to zero by the time we both die.

 

5 years from now i'll be 45 and my wife will be 44. Hopefully we're still at the peek of our health so we can get to enjoy our money to focus more on experience that bring us joy e.g. travel, music, charity, etc.

 

I just finish the book Die with Zero by Bill Perkins and if you read this book you'll understand more about my approach.

 

https://www.diewithzerobook.com/

My savings rate is only 25%. No economies of scale from double income couple, kasi single parent.

 

Rate of return is my way to get as close to working couples' haul.

 

Don JBe, pakireto mo nga ako ng magandang Australiana dyan sa mga friends mo. Kahit median salary lang sya ayus na. Preferably blue or green eyed.

 

Ako lang ha, wag mo na hanapan ng ka-couple si Don PP kasi makamandag raw kindat nya sa Orchard Tower.

Dude, Aussies are everywhere. Just go on Tinder and you'll find them there.

 

Here's some tips when you snag one of these hot ones

Ikaw ba Don JBe, how do you invest in US stocks? I think you mentioned you invest in Vanguard ETFs but how? Is there an Australian derivative that mimics Vanguard ETF or do you exchange currencies and use a Vanguard platform and log into the account when US market opens?

We have Vanguard Australia (Vanguards Australian branch), and i buy Vanguard U.S. Total Market Shares Index ETF (VTS). Its NYSE's VTI equivalent available for us Aussies to buy in the ASX. They both track the performance of CRSP US Total Market Index (VTS the ASX version and VTI NYSE version).

 

My plan is to have a diversified portfolio of ETFs consisting of:

Australian shares - VAS

U.S. shares - VTS

International Excluding U.S.- VEU

 

Simple.

 

These 3 ETFs covers more than 10,000 companies in 52 countries across hundreds of diverse sectors.

 

I dont seek to beat the market because i bet on the market winning over 10,15,30 or more years. Instead of betting my money on red on the roulette in one specific casino, i bet on the whole casino worldwide making me money.

 

Since my investing plan is this simple, the main thing for me is to dump as much money I have in to these instruments. SAVINGS RATE matters more to me than RATE OF RETURN.Last year we save close to 49%. This year, we hope to beat that, 50% of take home pay or more.

 

 

Wa ako paki kahit UK market pa ang tingnan ninyo. Wala pa akong balak bumili sa labas ng Pilipinas. Besides, pantulong na rin sa recovery ng bansa ang bili ko ng bonds. Olats lang ako sa exchange rate. Nasa Pilipinas ako, mga dear.

For some people, bonds (or cash or gold, etc.),helps them sleep at night and that's a good thing. A good night sleep is precious in this rocky turbulent market. You dont need to follow my investment plan or anyone here kasi your risk appetite and goals is not the same as any of us here.

I just highlighted the maths behind the effect of inflation in our chosen investment vehicles.

Actually 2.15% net is a good passive income (AKA yield)each year - better than holding cash in time deposits (~1.5-2.0), savings (~1.0), or worse, alkansya.

 

In US right now, we have paltry 1.26% annual yield for 30 year bonds.

 

Analysis: 2.15% > 1.26%

Conclusion: Duterte beats Trump

 

https://markets.businessinsider.com/bonds

I guess you have to adjust it base on inflation rate.

U.S. Inflation rate as of Jun 2020 = 0.6%

Phils Inflation rate aa of Jun 2020 = 2.5%

 

Therefore using your example above, inflation adjusted given yield:

Phils- 2.15% - 2.5% = -0.35% (NEGATIVE)

U.S. - 1.26% - 0.6% = 0.66% (POSITIVE)

 

Both yield sucks, but TRUMP beats Duterte by 1.01% inflation adjusted. Both sucks but Duterte sucks even more.

 

Source:

https://www.bls.gov/cpi/

http://www.bsp.gov.ph/statistics/spei_new/tab34_inf.htm

bonds help smooth the ride when investing in the stock market. Many people i know have it if they dont want to take too much risk. I personally do not have bonds in my portfolio since mataas ang risk appetite ko at malayo pa ang investing time horizon ko kya i dont need bonds right now. Plus, bond price goes down when interest rates goes up. Hindi ko nmn nakikita na tataas ang interest rates anytime soon pero im sure with the interest rates as low as close to zero in other countries, it will go up eventually.

 

Instead of bonds, i prefer dividend income na nkukuha ko in my index fund ETF so ok na rin yun. But this is just me. I might dabble on bonds maybe close to financial independence when i just want to preserve my wealth more than growing them.

 

In the end, you do you, its PERSONAL finance anyway, so listen to what your "risk meter" is telling you and decide from there.

just curious are you guys trading here po ba sa philippines? i mean philippine stocks?

Ako hindi. I used to but i sold them all off. But that's just because i live in Australia and potentially going to retire here as well.

I do have International ETF and within that basket are some of those big Philippine companies e.g. Ayala, Jollibee, etc though small in proportion when compared to companies domiciled in other countries e.g. Nestle etc

 

 

Yep, listening to various RFPs assured me that the economy and the market will go up. As long as my goal is investing, not trading, letting time run its course will make my port green again.

 

Ayun, anim na mutual funds ko.

Savings rate will trump ROI. Kya Save and invest lng regularly (Dollar Cost Averaging), sa huli ikaw rin ang mag wawagi.

 

Can't wait for the salary to come (akinse)pra makapag invest na ulit.