money Stock Market

[D. Sanchez]

The San Miguel Brewery shares i bought for 8 pesos last May 2008 IPO have increased to 11.75 pesos, the last time I check. It was my first stock investment of 1000 share and its worth it at this tough times.

[teban]

Hi Guys, was jsut wondering where do people place their savings if its already more than 500K or a million. PDIC only insures depositors of up to 250K only right? And given that the market is really unsure isn't having such amount of money a risk?

One thing I can think of is to invest different banks para insured pa din right. Hindi po ako yung may pera ah nagtataka lang ako hehehe

[joss]

ako rin nagtataka taon taon billion billion piso ang na imprenta ng central bank pero kulang pa rin ang pera saan kaya napupunta ang mga ito?

[grovel]

natahimik ang thread na to. sayang. ang saya ng stock market ngayon. very good time supposedly to put money in.

[dexterhaba]

Ndi ako mayaman pero alam ko nilalagay nila ung pera nila sa best stable banks kahit na maliit ang interest,, ndi naman sila yayaman pag nde sila sigurista,,

[Dr_PepPeR]

Hi Guys, was jsut wondering where do people place their savings if its already more than 500K or a million. PDIC only insures depositors of up to 250K only right? And given that the market is really unsure isn't having such amount of money a risk?

One thing I can think of is to invest different banks para insured pa din right. Hindi po ako yung may pera ah nagtataka lang ako hehehe

 

Some go to trust departments or investment houses to invest in GS or Commercial Paper. Some invest in Hongkong/Singapore/Malaysia.

[cool_as_ice]

guys i dunno if this is the correct thread to post my queries, but just wanna know what are the DO's & Don'ts now that we have a global financial crisis. should i stop spending for technology gadgets? how about telegraphic transfer is it advisable to transfer during this crisis?

 

 

hope some of you can enlighten me

[Guest lustfortravel]

guys i dunno if this is the correct thread to post my queries, but just wanna know what are the DO's & Don'ts now that we have a global financial crisis. should i stop spending for technology gadgets? how about telegraphic transfer is it advisable to transfer during this crisis?

 

 

hope some of you can enlighten me

 

i have no idea why the moderators merged this topic since it doesn't belong to the stock market thread in the first place. anyway, to answer your question ( which is why i quoted you in case it gets merged elsewhere again), it's simple. don't spend for unnecessary things. if your technology gadgets are just for pleasure, ask yourself if you can afford it. if not, don't.

 

i don't understand what the question is regarding the telegraphic transfers. are you afraid that the bank you might send it to will close? in the remote case that happens, then your bank will return the money to you less certain charges for the attempted transfer. and with the improvement in technology, money transfers are usually done in a day or two. i don't think you have anything to fear .

[Dr_PepPeR]

i have no idea why the moderators merged this topic since it doesn't belong to the stock market thread in the first place. anyway, to answer your question ( which is why i quoted you in case it gets merged elsewhere again), it's simple. don't spend for unnecessary things. if your technology gadgets are just for pleasure, ask yourself if you can afford it. if not, don't.

 

i don't understand what the question is regarding the telegraphic transfers. are you afraid that the bank you might send it to will close? in the remote case that happens, then your bank will return the money to you less certain charges for the attempted transfer. and with the improvement in technology, money transfers are usually done in a day or two. i don't think you have anything to fear .

 

I don't understand the question regarding telegraphic transfers either. TTs or in some banks called 'Taytays' (to avoid embarassment when shouting to your operations people "nasaan na ung TT ko?") is just one way of transferring funds from one bank to another. There are cheaper ways such as RTGF or checks or interbranch debit/credit.

[HOT PAPA]

massacre na naman today sa wall street.......

[mmp0gi]

The two biggest motivators in trading stocks are

FEAR & GREED

That's how it works.

 

People wonder why it goes up and down all the time. The stock market is simply is a palenque. Where you bargain to buy or sell shares of ownerships of a company. That's why it goes up and down.

The stock market is the mirror of the economy. It simply mirrors the economy. If it's on a downtrend(bear market) the economy is bad. If it's an uptrend(bull market), the economy is good.

There are hundreds of factors to it but those are the basic fundamentals.

Remember FEAR & GREED!

 

Well I woke up today embracing the horror. I rather go back and have nightmares than seeing reality unfolds. It was black friday. The dow plunged again! I'm just watching the S&P slowly disappearing each day. There will be more selling craze next week!

 

Just an advice in trading stocks.

Keep an inventory of fine liquors in your kitchen- yeah the ones that kicks in right away.

 

Oo nga pala. If you're the safe type of investor, Invest on Non cyclical stocks in times like this. There's a global recession already happening.

Non cyclical stocks are stocks that don't go along the economy. Like tabacco stocks, food stocks, liquor stocks, drug stocks. They're safe.

 

Never fully trust a stock broker. They are money hungry salesmen. Unless you lived with him or you've known him for a decade.

Case and point on what's happening in US stock market- The supposedly smart, educated, money managers are now panicking to sell every single penny out of the market.

 

There are many drawbacks. Especially on your emotional health. I have yet met a quiet trader. If you know anybody please feel free to introduce me so I can tell the secret service to watch out for that person.

 

There is an upside to it, you don't have to watch dramas, soap operas, horror flicks, suspense, action, anymore. Because it's simply in front of you.

Actually any form of man made script or movie will bore you. :thumbsupsmiley:

[mmp0gi]

ako rin nagtataka taon taon billion billion piso ang na imprenta ng central bank pero kulang pa rin ang pera saan kaya napupunta ang mga ito?

 

 

They lend it to banks and then banks lend it to other banks for a higher percent rate and then the other banks lend it to people for the highest percent rate and then the people purchase goods and services and gives it to businesses and then businesses pays taxes and gives it back to Government and the cycle repeats itself. Thus creates an economy.

[LYCHEE]

I don't understand the question regarding telegraphic transfers either. TTs or in some banks called 'Taytays' (to avoid embarassment when shouting to your operations people "nasaan na ung TT ko?") is just one way of transferring funds from one bank to another. There are cheaper ways such as RTGF or checks or interbranch debit/credit.

 

that's really funny, yet still true in phil banking. :upside:

 

here in the u.s. the word "telegraphic" (coined fm telegram) is practically a dead term...nowadays, we say "electronic" or "wire". :cool:

[Crime1King9]

natahimik ang thread na to. sayang. ang saya ng stock market ngayon. very good time supposedly to put money in.

 

 

 

you are right it is the right time for bargain hunting. buy low and sell high and be an instant millionaire.

[moed]

that's really funny, yet still true in phil banking. :upside:

 

here in the u.s. the word "telegraphic" (coined fm telegram) is practically a dead term...nowadays, we say "electronic" or "wire". :cool:

 

With all due respect, I don't think it's the right time to be arrogant for being in the US, after all, the banks and financial institutions there are the ones having extreme financial problems for having been greedy. Philippine banks are doing great compared to banks of other countries because of conservative banking practices. So what if they still use words considered archaic in the US.

[gobster]

To get back on the topic: to stock market analysts out there, is it ok to buy shares (trade in PSE)? Are the blue chips good to hold short term?

[mmp0gi]

To get back on the topic: to stock market analysts out there, is it ok to buy shares (trade in PSE)? Are the blue chips good to hold short term?

 

short term no, Long term yes. With the ugly Global market, unless you're a psychic, you will make money in the short term. The stock and commodities market is in a delfationary evironment. So just a heads up. Oil and gold prices will go down more lower in the future. Demand for goods has been totally dissapating. Until the problem in US gets solve, everything will unfalter.

[gobster]

short term no, Long term yes. With the ugly Global market, unless you're a psychic, you will make money in the short term. The stock and commodities market is in a delfationary evironment. So just a heads up. Oil and gold prices will go down more lower in the future. Demand for goods has been totally dissapating. Until the problem in US gets solve, everything will unfalter.

 

Hey, thanks for the tip.

[teban]

Hi guys, with regards to my dad passing away, we found some stocks "Class A and Class B" which is under his name. We would like to know our options for the said certificates:

1.) Can we hold it for a year while waiting for the stocks to go up before we sell?

2.) Can we move the of the certificates from my dad to me? How can this be processed?

3.) Dies this also apply under estate tax?

 

Thanks!

[mmp0gi]

Hi guys, with regards to my dad passing away, we found some stocks "Class A and Class B" which is under his name. We would like to know our options for the said certificates:

1.) Can we hold it for a year while waiting for the stocks to go up before we sell?

2.) Can we move the of the certificates from my dad to me? How can this be processed?

3.) Dies this also apply under estate tax?

 

Thanks!

 

Condolence,

I can only advice on your first question because there is no set time frame on when the stocks go up or down. Unless you follow the market consistently and educate yourself you will have a feel on when to sell or buy. Also, it depends on your priority on turning it into profit or wanting just to cash out. I advice you to get a lawyer that knows about these things. A really good one. A lawyer that works for your money, not just talk.

[Dr_PepPeR]

Hi guys, with regards to my dad passing away, we found some stocks "Class A and Class B" which is under his name. We would like to know our options for the said certificates:

1.) Can we hold it for a year while waiting for the stocks to go up before we sell?

2.) Can we move the of the certificates from my dad to me? How can this be processed?

3.) Dies this also apply under estate tax?

 

Thanks!

 

In order to have the stocks transferred under the names of the heirs you will have to prepare an Extrajudicial Partition and pay the corresponding estate tax. If you go to the stock transfer agent of the issuing corporation, they can give you a list of the requirements and the process.

[teban]

hi doc pep, panu po namin malalaman kung sino ung stock transfer agent ng stocks? does the standard estate tax rule apply?

 

Meron din po bang maximum time we can hold or wait till we process this para maiwasan naman na maforfiet lang samin yung stocks.

 

Thanks po

[Dr_PepPeR]

hi doc pep, panu po namin malalaman kung sino ung stock transfer agent ng stocks? does the standard estate tax rule apply?

 

Meron din po bang maximum time we can hold or wait till we process this para maiwasan naman na maforfiet lang samin yung stocks.

 

Thanks po

 

Just call up the office of the Corporate Secretary of the company and ask who are their stock transfer agents. Standard estate fee taxes are used. There si no maximum time limit for you to hold or keep ths stock. However, the estate tax should have been settled within a certain number of days after the death of the decedent and the penalties will start to accrue. Also, you cannot transact the shares of stock until you have transfered them to your or the other heirs' names.

[rapturousone]

teban, you can check at www.pse.com.ph. look for the link to listed companies on the left side of the home page. click on the first letter of the name of the listed company and look for its name on the list that appears. the name of the stock transfer agent of that listed company should be among the information that appears.

[teban]

thanks po doc pep and rapturousone