erika123

I believe that this dates back to the time of the Spaniards. Filipinos (er, Indios) were considered second class islanders or even lower. Even Mestizos (in the 60s these were know as the "mestizo de entre suelo) born in the island belonged to a lower strata when compared to a Spanish migrant. However, the process of social assimilation by the Filipino with the Mestizos and Spaniards had a pre-requisite of land and wealth. This was very evident in Rizal's novels, particularly, with Dona Victorina. Up to this day, wealth and influence became the standard of the Filipinos' acceptance in the society or community he/she revolves in, not just abroad but even locally.

 

The situation never improved because the Philippines never had the occasion to broaden its middle class. The landed and the hacenderos wielded power and influence during the post-Spanish rule. It got worse during Marcos' time, where only a handful of cronies benefitted. To have influence and wealth, cronies stole from that state. Corruption was a way to get rich. This carried on during Cory's, FVR's, Erap's term. Well, need I say more for GMA's term?

 

 

 

Filipinos are proud! Among the countries in Asia, we are one race where bowing is not customary -- Japan, China, Korea, India, Thailand etc. bowing is part of their tradition. Filipinos, they nod their heads by lifting their chin.

 

A false pretense from one of the poorest country in Asia!

I love this explanation. Thanks for reminding us our history.

Well... personally, that's one of the reasons I am not active in Facebook anymore. IT reminds me on how shallow people have become.

I think its pretty tiring ... this need for flaunting or for showing how rich you are. You are basically a slave for society's approval. That's pathetic and really lame to live your life.

Caramias Ube Cake

Purple Oven - Pistachio cake & Strawbery Cream & Apple Crumble bread

Dimpys - Banana Walnut Cupcake

Paper Moon - Mille Crepe Cake

Wankee- Egg Pie

And Almond Cake.

I tried Muay Thai before at a BodyWorx. I like the training, all those kicking exercise, and maybe the sparring too. But I found all those jumping exercises to be too strenuous for me. Di na bagay sa age ko. Nagagawa ko naman (siguro out of pressure na lang) but I find it incredulous when the trainer told me to jump from the floor to the table top. Ngyek!

I tried Taekwondo when UFC offered an open mat in Vertis North. I enjoyed that more, maybe because Taekwondo focuses on kicking.

I stayed longest in Karate-do. The Kata is like meditation for me. And the moves and exercises are just about right. Or maybe because I did it when i was younger. But the moves aren't so practical. Sports lang talaga.

Now, I'm looking for MMA training or Krav Maga (it's so hyped up, wondering if its as good as it sounds). Kaso , Covid, so wala rin.

It's a tricky situation. First answer is No. It's a lose-lose situation. If it's a good relationship, then you fall in love, and it becomes a tragic love story because it won't last. No secret remains a secret. If it's a bad relationship, then you are giving yourself an unnecessary headache.

But then again, people keep having love affairs. Because it's delicious. Because it fills a void in your life. Because at a moment in time, you just give in to your carnal instincts.

Hirap talaga maging tao.

Saw this in the news today. Thought it would be nice to share this. May inspire people about saving and investing.

http://1-ps.googleusercontent.com/h/lifestyle.inquirer.net/files/2014/08/620xNxt0808Y-david-wilson_feat6_1-660x494.jpg.pagespeed.ic.-bAeKne-I9.jpg

Dubbed as the Warren Buffett of the Philippines, Wealth Securities and Philequity Fund founder Wilson Sy wasn’t always the stock investment virtuoso he is known to be today.

Sy remembers fondly his days at Xavier School and his education under the Jesuit priests. He credits Xavier School and the Ateneo De Manila University for the values these two schools inculcated in him.

Through the rigorous English lessons, theology classes and liberal arts education, he learned the importance of focus, discipline and hard work.

Working even on holidays and during Christmas break when everyone else was on vacation, Sy would wake up at 8:30 a.m. to help out in the family store, selling such products as soap and toothpaste. At a young age he learned the value of money.

“You don’t just throw away money, it isn’t that easy to earn. For every Colgate I sold, I’d earn one centavo. You then realize that everything counts,” he says.

These childhood lessons came in handy as soon as he landed a summer job at Multinational Bancorporation where he worked in fixed income, money market and equities—his first foray in investment banking. He moved on to investment banking pioneer Bancom after finishing a Management Engineering degree at the Ateneo.

After the 1986 Edsa revolution, he chose to work at Wealth Securities after a seat in a stock brokerage was offered him. After one client after another asked him to manage their portfolio, Sy, with several stockbroker friends, decided to launch a fund management company called Philequity Management, Inc. (Pemi). This was in 1994.

Twenty years later, Pemi has become the distributor of the best performing mutual fund in the Philippines, Philequity Fund, Inc., with an average annual yield in excess of 20 percent.

Through the years, Sy has made it a habit to read newspapers, analyze tables on Bloomberg, give talks in investor briefings, sit on the board of big companies, and trade stocks. He tries to learn something new every day.

“No matter what your status in life is, be grounded. When you start believing that you’re the best, that will be the start of your downfall. You have to keep working hard and learning new from other people,” he points out.

Why invest?

“If you don’t know how to invest or manage your own money, your money will run out.”

Sy believes that learning how to invest is as important or even more important than learning how to make money.

He also stressed that the beauty in investing in stocks is that you get to become partners with the best brands, the best managers and the biggest names out there, while still remaining anonymous. Moreover, the stock market is very liquid; you can easily get out when you want to.

“Companies make mistakes and they’re stuck, but you aren’t. If you see a mistake in a company, you can easily get out of it if you’re a stock investor,” he says. “When you have something good, keep it. When your stock is doing well, hold on to it; keep your bulk. When your stock isn’t doing so well, learn to let go.”

Sy practically eats, sleeps and breathes the stock market: “When you get into stocks, you get hooked. Something new comes up every day; nothing is the same. You never get out of stocks once you get hooked because nothing is similar. Even if it’s similar, there’s always some twist that makes it different.”

The only other thing that keeps Sy awake are NBA games, as he is a big fan of the Los Angeles Lakers. It’s rumored that he even memorizes the statistics of the players the way he keeps in mind stock price quotations.

More focus

Sy is a firm believer in education as the solution to our country’s rich-poor gap. He constantly stresses the importance of going to school and how it gave him the different values he practices to this day.

Sy tries to do his part in helping educate Filipino investors by sharing his ideas, opinions and thoughts on market trends through the Philequity Corner, which is published both on the Philequity website and in a major broadsheet.

With Philequity hitting the 20-year mark this year, Sy plans to release a compilation of his best articles, ideas and lessons on investing.

I ended my interview with Sy more inspired than ever. I had just talked to my dad’s idol and arguably the best Filipino fund manager.

The last piece of advice he shared with me: “I’m not really more intelligent than other people. It’s just that I probably have more focus. So listen to your father, keep working hard, read more, study what the best in their field do, and stay focused.”

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ms @erika123 - i love your blog! please post move "investment" contents:)

I hear you! Hehehehe. Thanks. I will try to post more investment stuff. Thought nobody likes it and I'm just parading my geeky self.

When do you sell? When a market that's probably fairly valued at 6,000 passes 6,500. That's when!

How did you determine that the market is fairly valued at 6,000?

hopefully it does ... any OTC deals you've heard of on PBB?

Yup, meron nga daw. 33-34 .

Good luck sa PBB mo ha.

They intend to offer the shares at a max pricing of around 41 which would make the stock fairly valued with minimal upside. At 31.50 this should be if I'm not mistaken around 1.4x price to book ... EW is doing close to 2 P/B which means 40 should be attainable if the market will price it that way.

You are correct. technically, you are right. But if you remember, east west bank was offered at around 1.2x price to book during its IPO. They also chose to offer it at a big discount, expecting the market to price it correctly by the time it goes to market. But it took some time before the price went up. And PBB is definitely way smaller than East West Bank. So im not entirely sure how the market would react to this. The only light I see in this IPO is that it is offered at a bullish market. If for that reason alone, I think this IPO may fly on the first few days.

Any feedback on the IPO of PBB?

The demand is definitely there. Its 4X oversubscribed. Its valued relatively cheaper. Everyone is so optimistic about this IPO for the year of the snake.

It would most likely see an upside on the first trading day, and can easily reach 40+.

Did I buy? No, I didn't. I'm just not interested in its business model. A thrift bank catering to small and medium enterprises.

I already have an account with col. I registered and started buying a year or so ago but it was only in the last 3 months that i really got interested on the gains i am having. I sold some ALI shares which i first bought when i started for a 48% gain. Im not sure how to target my gains though. That is why i think, i need more mentors. Haha

I receive messages from bo sanchez's truly rich club too, which is an avid promoter of COL. so i try to follow what he suggests.

I try to add little more investments at a more constant rate and time since december, i guess, i am being encouraged with how the stock market is doing now.

 

Thanks everyone for your suggestions!

You seem to know what you are doing, wyette. You are actually doing the right thing. Your only problem is how to target your gains, and I guess that translates to .... "when do you sell". That is very hard, and summons much discipline. Academically, you sell when the market reaches the stock's valuation. How do you value the stock? you have to get future cash flows and apply time value of money. COL provides its customers valuations of certain stocks so that can be your initial guide.

It's nice to listen to analysts' recommendation but do remember that others may have read it at the same time you did. So by the time you take action of their recommendation, you may be at the tail end. Read their recommendations and use it as your guide. But sometimes, its still better to do your own research.

Kahit links na lang of beginners on online investors of stocks, please share.

Why don't you try colfinancial.com (or formerly known citiseconline). They have a good platform for stock investments for beginners. Its very easy to open an account with them. ITs all there in their website.

Start small, preferably a sum that you wont really need in the near term. Online stock trading provides recommendations almost on a daily basis. They feature certain companies that would serve as your guide in buying or selling it. Read through them. Eventually, you will get the hang on understanding how the market works.

Unfortunately, there really is no short cut to knowing the market. There are seminars there , I also participate in giving lectures on such, but in reality, its a daily dose of reading on your part.

Open an account first. Because you really wont learn if you don't make your feet wet, so to speak. Then explore the website. Read the memos that they release everyday. If you have any more questions, just PM me.

 

Brushchetta Dukkah

Stewed tomatoes topped with mozarella cheese, baked like a pizza and sprinkled with Dukkah (an egyptian herb and spice mix containing cumin and sesame seeds.

 

and just like what the menu says, it does taste like pizza......... Loved the bread (crispy up front and soft on the inside.

 

though I really didn't get much of the flavor coming from the herbs. Aw doesnt really matter cause I love mozarella cheese.See More

Where is this?

When Im with a guy, I give it my very best. I am honest and shower him with love. When it's over, I get sad, grieve and think what I did wrong. In the end, you just try to pass those days when you are hurting. It's a journey that needs to be taken. I hardly get mad because I understand that sometimes, people are just not into you. And you have to accept that graciously. Soon, I get over it din naman and move on.

But when the guy comes back, ayaw ko na.

Because women don't put too much weight on appearances, unlike men. That's why men cannot understand why beautiful women fall for "ugly" men. If you are a person who puts too much value on looks, then no amount of explaining can make you understand.

I once had a crush on Gabe Mercado. He is one head shorter than me, he is fat and he is not handsome. But I truly liked him in year 2000, when I attended a silent retreat and he was the retreat master. I never had the courage to even "show" him how much I wanted him. I can only look at him from afar because I was too shy to do anything about it.

Shakey's - Classic Cheese with double mushroom and extra cheese. Thin crust.

I just saw this thread.

Im CFA and I conducted CFA preparation exams for a number of years. If you have any questions on CFA, feel free to send me a PM and I will try to answer your questions.

As for job opportunities, having the designation of CFA really opens doors.

Royce - Nama Chocolate (Champagne Flavor) - Just melts in the mouth chocolate pieces.

Nestle Crunch - like the combination of nuts and simple chocolate flavor.

Godiva -dark chocolate truffles - sinfully romantic!

Ghiradelli (sorry kung mali spelling) hot chocolate drink.

I won't pick a fight when a partner read my text messages, but it sure is a major turn off for me.

English Patient. I had to take tylenol to get rid of the headache this movie has caused me. Nakakainis yung babae na naglalaro sa dalawang lalaki, lalo na kung mabait naman asawa nya. Sarap patayin na lang yung babae.

Pearl Harbor . Ganda sana ng movie na ito, yung 30 minutes na bombing scenes. As for the rest, naiinis din ako sa babae. Susuot ka ba naman ng napaka sexy tapos pupunta ka sa mga sundalo, Ano expect mo? Syempre, magkakagusto yung sundalo sa yo. Hay! kakainis! Sayang ang friendship nung 2 lalaki , kung pag aawayan lang nila eh yung nurse na napaka landi. Hay!

Rape of Nanjing (DVD) - Di ko na tinapos yung libro, di ko rin tinapos ang movie dito. Kasi baka ako pa unang mamatay sa sama ng loob ko. Ayaw ko magkwento. Pero sure ball ako na di ko nyo kakayanin itong movie na ito sa sama ng loob mo.

JEEP Wrangler

Hummer

BMW 7 series

I always fall for a guy whose affection is given only to a select few (and im one of those few). A guy who has enough smarts to know if a person is a friend or a foe, who is not deceived by angelic faces and sexy hips, and drinking buddies and declaration of love. A guy who is confident of himself and comfortable with his mistakes or weaknesses. A guy who is usually quiet but can be witty with the right timing. A guy who is respected by his peers.

IPAD, Iphone 4 and Macbook Pro.

I love everything about Apple. Since I started using Apple, I cannot imagine switching to other brands. Apple has defined a lifestyle all on its own. When you are an Apple user, you don't analyze the functions vis-a-vis the cost, just the way we do it with other products. All our gadgets just sync so well and the functions are quite instinctive and easy to use.

Elbert's Cheesesteak in Rockwell

I waited for around 10-15 minutes for my order to arrive. Oh man, when I took my first bite, I had to close my eyes for the sheer pleasure of my palate. It was served hot and fresh from the grill. The beef was of good quality, which was a surprise for me. In this country, Im used to being served with bad quality beef, especially if the beef is intended for just a sandwich. But that's where Elbert's difference lies. They use USDA beef, good quality stuff and eating their cheesesteak makes you realize that the price is just worth it. The cheese just recently melted with the beef from the grill makes an excellent companion to the beef and bread. They have a generous amount of onions in their cheesesteak which is just perfect for me.

The fries was also perfection in itself. I had a hard time deciding which I should put first in my mouth: the fries or my sandwich. At that time, I wish I had the mouth of cookie monster so I can put it all inside and not miss a second of the pleasure it offers.

Maybe the only downside to eating in this joint is that you are seated at the mall with no privacy to speak of. People ... no, the better word there is CROWD. Imagine you are eating this great sandwich while the CROWD of mallers walk in and out, in and out, passing you by, looking at what you are eating, and let's not forget , we have to be double vigilant on those quick fingers. So that part is a downer for me.

The next day , I was craving for it again. But I have to watch my weight now. So I can just write about it and hopefully derive pleasure from people who can taste the same goodness as I did at Elbert's.

Anyone ate at the Fireplace in Hyatt hotel? heard its good but extemely expensive..

Yup, masarap nga doon. Great dating place.

I revisited Melo's near Abs Cbn compound. Yum! Sarap, i ordered Chateaubriand. 2200 . Ang mahal, Pero it was so perfectly done, wala ako masabi.