JohannBeckham Posted June 28, 2019 Share Posted June 28, 2019 thank you for sharing, do you consider 13.12% return a good return?I don't like equities because I don't have time to monitor them so I just put my money in to mutual funds.I also bought the same camera last year, it is a great camera but expensive lens.What do you mean by financially independent? I think everyone has there own definition.Yes, it is a good return since its a market return. I'm not sure kung nasabi ko to but i invest in an Index (U.S., Australia & International excluding U.S.) thru ETF. So whatever U.S. index(CRSP US Total Market Index), Australian index(ASX300) OR International (FTSE All World ex US Index) return is, thats what im gonna get. Thats thousands of companies working hard to give me a good return and i love it. Since these are index, i dont have to monitor them at all. I just buy every month to add to my portfolio according to the allocation i set to each one of them.With regards to my Sony A7 III,yeah lenses are expensive specially those GM lenses.Financial independence for me the state where i dont have to get paid work and trade my time for money. Its all about the FREEDOM of doing what i want to do, when i want to do it. At the moment with the income i have from my investment, im not F.I. yet. My income is only a meager $1K/month from dividends and w3 all know thats not enough. So kailangan pang dagdagan ang investment to free myself from forcing myself to trade my time (thru paid work), for money. My goal is to add atleast fresh $100k/per year to my investment. Quote Link to comment
neville Posted July 3, 2019 Author Share Posted July 3, 2019 Belated realization. Buying shares when the prices are down stabilizes your capital average and lowers your supposed loss. I'm looking at you COSCO, DMCI, and MPI 😁😁😁😁 1 Quote Link to comment
neville Posted July 4, 2019 Author Share Posted July 4, 2019 *---Yes, set until I am in my 80s, with a lot to leave my sister's kids, or by some miracle, mine, a significant inheritance. I hated the fact that my parents thrived financially during their peak only to leave me and my sister on our own. To me, it was unfair of them to not have the foresight of saving for the future. But hey, how many baby boomers had that foresight to be ready when the time comes? not a lot, i think. I see. Medyo intense yung goals hehe! inheritance for children/pamangkins is something that i haven't considered yet. Though right now I'm just thinking that i'll split up the businesses among the children when the time comes, if they want to take it. May pahabol because early on I felt the pressure of my dad wanting me to take over his business, but I avoided the issue for the longest time haha! I'm sorry to hear about your parents. Did you mean that they didn't leave you guys any inheritances? Baby boomers are kids after ww2 no? hindi ko kasi sure parents ko kung boomers e. Medyo mixed yung "parent reviews" from my circle of friends. May mga nagtake over ng business, or nagbenefit sa "gifts" from parents. On the other hand, may friends rin na completely independent and most of the employees that I've spoken with are currently burdened naman by their parents in terms of medical fees, living expenses, etc. *---I have four kinds of stocks and four kinds of equity and equity index mutual funds. it is what my investing powers and budget can take for now. Also, I wish to earn as fast as I could (I am 41 in a month or so), that way, by the time I am in my 50s, I have no need to panic the way i do now. wow, very diversified! How much is this netting you annually in terms of net worth? Is it what's causing your anxiety? based on your outlook, 10 years is a loooong ass time to make more money. Guesstimate ko, is you can "safely" gain 150% of any base amount in 10 years given proper investments. If you have better investments then madali lang talaga ito. Depende nalang talaga sa base amount. Not sure if you mentioned na the base amount before. that's also assuming that you're not adding to that base amount. So since you're constantly investing, I think good ka na. Have you tried running your figures in a spreadsheet? *---I sure do hope so. Although i do feel that i have not done enough. Hence, my frustration. Gets ko yung sentiment. I think it's really helpful that you're exploring a business venture. that can easily carry you depending on the scale. While I salute people with passive income through stocks, I feel that you can make a lot more if you're actively engaged in your income source, plus mas fun, in my opinion. ***---I wrote an update in my earlier post. Ate and I are working on it. We entered a business we have no idea how to run. If only there is a "How to Run a Translation Vendor Company for Dummies" book. We'd definitely devour it. Lol. Congratulations on taking the first step! translation vendor company... hindi ako masyado familiar with the industry, but I'm assuming that you're translating materials into someone else's native language? how are the returns vs. what you initially invested in it? Sakit ko kasi ang sobrang haba ng forethought ko sa ibang plano ko. Sa maniwala ka o hindi, gusto kong bahay ay tipong bahay na bato...para kahit 3 o 4 generations down the line, magagamit pa rin nila yung bahay. Ancestral house to the fore. Pero single with no kids ako. LOL. I stand corrected, hindi pala four companies...seven stocks pala, except for DMCI, COSCO, at MPI, green lahat sila. September 2018 lang ako nagsimula kaya wala pa akong annual return. Ohmygulay...spreadsheets...titirik utak ko. haha. I will let my financial advisor check the numbers for me. Pero sa huling check nila (dalawa sila), they both gave me the thumbs up. Ate and I have to study the translation industry. Alam kong magsalin, pero di namin alam kung paano at magkano maningil sa kliyente. I plan to focus on the "creative" side. My sister is more than capable of handling operations. She has that spine of steel to make people believe that she walks the talk. Hi Ms.Neville... Not really someone rich para mag advise fully... but a few sounnd advise lang nmn... tama naman at tinatapos mo na mga debts mo... best is to invests in "assets"that would provide passive income... income that wont take up much of ur time... either through properties or businesses na me maasahan n kapartner...para kumikita kahit di ka actively nagwowork...some take to investing sa pag ibig mp2 program... which boasts annual divident around 8% (mindyou di ito fixed depende ito sa performance ng pag ibig) the best dito since its govt backed d k kakabahan n bk scam ito. Another is tax free ito... some others invest sa mutual funds. Last n dapat ang paginvest sa stock market need pag aralan ito...di pwede blindly... Thanks sa payo. Tapos na po ang debts ko. Whatever debt I have now is just credit card debt that I pay for with a set budget. In short, di na ako red di tulad noon. And what assets that would provide passive income are you referring to? If you are referring to properties, not yet. I plan to buy in cash. I refuse to be in debt just to pay for a condo that I don't even use. Bahay ko muna uunahin ko para di na ako nakatira sa isang inuupahang kuwarto. Since di ko pa alam kung saan ako titira talaga at wala pa akong 1M in cash para pambili ng lote man lang...saka na siya. I have mutual funds and stocks for starters. Yung negosyo namin ng Ate ko ay kakasimula pa lang. Wala pang konkretong kita yon. MP2? still studying it. If the bureaucratic headache outweighs the financial gains, sa bangko at stock market ko na lang ilalagay ang ipon ko. Here's a screenshot of my portfolio dated 07-04-2019 as of 935 AM. Suggestions are welcome. P.S. I am setting aside more funds to buy shares from companies in my port that are in the red. That's my way of upping my cost average and minimizing my paper losses. Quote Link to comment
JohannBeckham Posted July 4, 2019 Share Posted July 4, 2019 Sakit ko kasi ang sobrang haba ng forethought ko sa ibang plano ko. Sa maniwala ka o hindi, gusto kong bahay ay tipong bahay na bato...para kahit 3 o 4 generations down the line, magagamit pa rin nila yung bahay. Ancestral house to the fore. Pero single with no kids ako. LOL. I stand corrected, hindi pala four companies...seven stocks pala, except for DMCI, COSCO, at MPI, green lahat sila. September 2018 lang ako nagsimula kaya wala pa akong annual return. Ohmygulay...spreadsheets...titirik utak ko. haha. I will let my financial advisor check the numbers for me. Pero sa huling check nila (dalawa sila), they both gave me the thumbs up. Ate and I have to study the translation industry. Alam kong magsalin, pero di namin alam kung paano at magkano maningil sa kliyente. I plan to focus on the "creative" side. My sister is more than capable of handling operations. She has that spine of steel to make people believe that she walks the talk. Thanks sa payo. Tapos na po ang debts ko. Whatever debt I have now is just credit card debt that I pay for with a set budget. In short, di na ako red di tulad noon. And what assets that would provide passive income are you referring to? If you are referring to properties, not yet. I plan to buy in cash. I refuse to be in debt just to pay for a condo that I don't even use. Bahay ko muna uunahin ko para di na ako nakatira sa isang inuupahang kuwarto. Since di ko pa alam kung saan ako titira talaga at wala pa akong 1M in cash para pambili ng lote man lang...saka na siya. I have mutual funds and stocks for starters. Yung negosyo namin ng Ate ko ay kakasimula pa lang. Wala pang konkretong kita yon. MP2? still studying it. If the bureaucratic headache outweighs the financial gains, sa bangko at stock market ko na lang ilalagay ang ipon ko. Here's a screenshot of my portfolio dated 07-04-2019 as of 935 AM. Suggestions are welcome. P.S. I am setting aside more funds to buy shares from companies in my port that are in the red. That's my way of upping my cost average and minimizing my paper losses. COL 07-04-2019 935 AM.jpgGood job neville. Ano ang target portfolio mo? Quote Link to comment
neville Posted July 4, 2019 Author Share Posted July 4, 2019 Good job neville. Ano ang target portfolio mo? PhP 1 million...for starters 1 Quote Link to comment
JohannBeckham Posted July 4, 2019 Share Posted July 4, 2019 PhP 1 million...for starters I have a feeling you'll reach that in no time. 1 Quote Link to comment
MartinDomingo Posted July 11, 2019 Share Posted July 11, 2019 Sa mga taga bank or marunong about interests rates Okay ba tong inooffer sa akin na loan Ng BPI ? Kung 1 million loan ko . I'll be paying a total of 1,352,808 for three years . Bale kumita sila Ng 352k Okay ba ? Quote Link to comment
JohannBeckham Posted July 11, 2019 Share Posted July 11, 2019 Sa mga taga bank or marunong about interests rates Okay ba tong inooffer sa akin na loan Ng BPI ? Kung 1 million loan ko . I'll be paying a total of 1,352,808 for three years . Bale kumita sila Ng 352k Okay ba ?May we know whats thr loan for? Quote Link to comment
MartinDomingo Posted July 11, 2019 Share Posted July 11, 2019 May we know whats thr loan for?For business . Ang .99% interest rate ba na in offer sakin . Okay ba?. How much ba usually interest rate sa personal loan 3 years to pay.. so 1 million loan will be 1,352,808 in 3 years .if I do simple math that's 1,235 day What do you guys think Quote Link to comment
JohannBeckham Posted July 11, 2019 Share Posted July 11, 2019 For business . Ang .99% interest rate ba na in offer sakin . Okay ba?. How much ba usually interest rate sa personal loan 3 years to pay.. so 1 million loan will be 1,352,808 in 3 years .if I do simple math that's 1,235 day What do you guys think35% interest? Natalo pa nya ang 5-6 ng Bombay. Quote Link to comment
neville Posted July 11, 2019 Author Share Posted July 11, 2019 For business . Ang .99% interest rate ba na in offer sakin . Okay ba?. How much ba usually interest rate sa personal loan 3 years to pay.. so 1 million loan will be 1,352,808 in 3 years .if I do simple math that's 1,235 day What do you guys thinkKung Kaya mong pag-ipunan Ang 1M o magsimula sa mas maliit na capital, mas okay yon. Masyadong malaking sugal para sa akin Ang utangin ang kapital sa negosyo. Lalo na Kung halos 400K Ang tubo NG bangko. Halos kalahati ng utang mo ang tubo nila. Quote Link to comment
jei.08152017 Posted July 11, 2019 Share Posted July 11, 2019 For business . Ang .99% interest rate ba na in offer sakin . Okay ba?. How much ba usually interest rate sa personal loan 3 years to pay.. so 1 million loan will be1,352,808 in 3 years .if I do simple math that's 1,235 day What do you guys think This is a little high, madami pa ibang ways to generate capital. Pero if you are very confident naman sa business plan mo, then consider it. Quote Link to comment
Papa Popoy Posted July 12, 2019 Share Posted July 12, 2019 (edited) 35% interest? Natalo pa nya ang 5-6 ng Bombay.Not really..per annum kasi yata yung sa bumbay. Para sa akin depende kung magkano ba ang forecast na magegenerate ng magiging business? Dapat above break-even ang kikitain mo + 3yrs na kikitain mo kung magwowork ka sa kung saan mang kumpanya (subjective). Edited July 12, 2019 by Papa Popoy Quote Link to comment
MartinDomingo Posted July 12, 2019 Share Posted July 12, 2019 35% interest? Natalo pa nya ang 5-6 ng Bombay. Usually sir how much are they charging for 3 years interest ? How much ba usually Ang rate Quote Link to comment
MartinDomingo Posted July 12, 2019 Share Posted July 12, 2019 (edited) May I ask those who have knowledge about rates on interests sa loan .how much ba Ang acceptable rate it 3 years As stated .no documents needed Sa experience niyo ba . May collateral ba to?May collateral ba Ang mga express personal loan Edited July 12, 2019 by MartinDomingo Quote Link to comment
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