money Financial Planning

[neville]

Lower goals mean higher tendency to relax

Hahaha..wala pa akong pamasahe pauwi sa pinas

 

 

hehehe, true. abnormally high na nga ako minsan magset ng goals knowing how lazy i can be. kaya pag mas mataas ang returns ko, celebrate at pat on the back na

 

ipon ka sir, tapos pag umuwi ka, timbrehan mo ako para maitabi ko pambayad ko sa iuuwi mong vegan items

I agree. Naisip ko rin dati mag-migrate dyan but i decided to stay here in sg kasi ok naman ako dito. Ok savings ko, ok environment, nabibili ko mga gusto ko, madaling umuwi ng pinas and tingin ko mas malaki ang net income.

Sa retirement naman, decided talaga akong bumalik sa pinas. I invested in properties kaya gusto ko ring mapakinabangan. I had a chance to stay in US pero hindi ko gusto dun. Pagkagising ko pag gusto kong magbreakfast kelangan ko pang magmaneho ng more than 1km para pumunta sa mcdo dito o sa pinas labas ka lang ng bahay may makakainan ka na. Hehe. Seriously, pinakakinonsider ko ay yung mababang cost of living sa pinas. Anyway, kahit saan naman tayo magretire as long as financially independent tayo, walang problema.

 

Cheers sa pagyaman ni neville

 

 

Pagyaman ko talaga ang last statement mo?

[MRROUGHSEX]

I agree. Naisip ko rin dati mag-migrate dyan but i decided to stay here in sg kasi ok naman ako dito. Ok savings ko, ok environment, nabibili ko mga gusto ko, madaling umuwi ng pinas and tingin ko mas malaki ang net income.

Sa retirement naman, decided talaga akong bumalik sa pinas. I invested in properties kaya gusto ko ring mapakinabangan. I had a chance to stay in US pero hindi ko gusto dun. Pagkagising ko pag gusto kong magbreakfast kelangan ko pang magmaneho ng more than 1km para pumunta sa mcdo dito o sa pinas labas ka lang ng bahay may makakainan ka na. Hehe. Seriously, pinakakinonsider ko ay yung mababang cost of living sa pinas. Anyway, kahit saan naman tayo magretire as long as financially independent tayo, walang problema.

 

Cheers sa pagyaman ni neville

Baka kapitbahay mo si Jet Li.

 

Ako rin gus2 ko sa Pinas....ang dream ko is paglabas ng bahay may SPA na. LOL

[sexycayote]

Hi, Philippine-based ako.

 

Kung komportable ka sa online transactions, you can tap COL Financial. Kung malapit ka nang umuwi for breaks or vacations, check mo website nila para sa requirements at funding. To avoid headaches when out of the country, make the initial deposit at the office itself, then start investing once the account is activated and the funds credited.

 

As for ETF aka mutual funds,COL Financial also has the platform to buy and sell them. One stop shop na siya for stocks and mutual funds. I chose Sunlife, Philamlife, First Metro, and Philequity Funds.

 

May separate stock portfolio Rin ako sa COL Financial.

 

I avoid banks here because they are annoying to deal with and the returns are usually low.

 

 

Hope it helps.

 

There's a slight difference between a ETF and Mutual Funds. ETF shares are traded in the stock market while mutual funds are not. You only need a stock market brokerage account to invest in ETFs, any of the online platforms would do. There is only one ETF in the Philippines though, FMETF.

[sexycayote]

Any recommendation na platform if sa Ph ako mag start mag invest ng ETF Sir? For bonds kasi recommended ni Sir Popoy is to go to banks. Thank you for sharing this Sir

 

You only need a stock market brokerage account to invest in ETFs, any of the online platforms would do. There is only one ETF in the Philippines though, FMETF.

[Papa Popoy]

There's a slight difference between a ETF and Mutual Funds. ETF shares are traded in the stock market while mutual funds are not. You only need a stock market brokerage account to invest in ETFs, any of the online platforms would do. There is only one ETF in the Philippines though, FMETF.

Oo nga pala neville...eto yung differences. Unit Trust is same as mutual fund 😉

Stash is an ETF by the way..

Edited September 12, 2019 by Papa Popoy

[Papa Popoy]

hehehe, true. abnormally high na nga ako minsan magset ng goals knowing how lazy i can be. kaya pag mas mataas ang returns ko, celebrate at pat on the back na

 

ipon ka sir, tapos pag umuwi ka, timbrehan mo ako para maitabi ko pambayad ko sa iuuwi mong vegan items

 

 

Pagyaman ko talaga ang last statement mo?

Wahahahaha..dapat naman kasi ikaw ang room owner 😜

Yes, mag-iipon ako...1sgd per day 😂 seeyah

[JohannBeckham]

I agree. Naisip ko rin dati mag-migrate dyan but i decided to stay here in sg kasi ok naman ako dito. Ok savings ko, ok environment, nabibili ko mga gusto ko, madaling umuwi ng pinas and tingin ko mas malaki ang net income.

Sa retirement naman, decided talaga akong bumalik sa pinas. I invested in properties kaya gusto ko ring mapakinabangan. I had a chance to stay in US pero hindi ko gusto dun. Pagkagising ko pag gusto kong magbreakfast kelangan ko pang magmaneho ng more than 1km para pumunta sa mcdo 😂 dito o sa pinas labas ka lang ng bahay may makakainan ka na. Hehe. Seriously, pinakakinonsider ko ay yung mababang cost of living sa pinas. Anyway, kahit saan naman tayo magretire as long as financially independent tayo, walang problema.

 

Cheers sa pagyaman ni neville 😜😂😂😂🍻🥂

I sort of understand what you mean about SG kasi tumira rin kme at nagwork sa SG ng almost 5 years dyan before kme mag migrate dito sa Australia. Ang hirap lang maging PR dyan sa SG kya we decided na mag migrate. Wla ka kasing social safety net pra sa mga e-pass. So we decided to start a family here in Australia. In 5 years time since we migrate, citizen na and that gives you lots of privileges especially may voting power ka na. Nung nsa SG kme, pahirapan pang mag renew ng e-pass, minsan nare reject pa. Pero napansin ko rin na in terms of ipon, mas nkapag ipon kme dito sa Au, and less stress. Last year 6 digits ang ipon namin in AUD (Di pa included ang Superannuation is which CPF equivalent sa SG which is additional 25% of talehome pay savings). But, gets ko yung mga friends na prefer ang SG at mag stay kahit e-pass lng at less priority sila ng government in terms of services e.g. schools for kids etc. kasi ang thinking is temporary lng nmn at babalik din ng Pinas (OFW mentality).We also consider U.S. di lng natuloy yung job offer kya Australia na lng.its good to have options in life.

 

Cheers din sa pagyaman ni Dona Neville! Kape kape tyo mag nagsipaguwian kmeng mga Overseas Financial Planners!

[JohannBeckham]

Baka kapitbahay mo si Jet Li.

 

Ako rin gus2 ko sa Pinas....ang dream ko is paglabas ng bahay may SPA na. LOL

MRS, bkit ka pa lalabas ng bahay to go to the Spa when the SPA can just simply go to your house??? Lol!

[JohannBeckham]

Oo nga pala neville...eto yung differences. Unit Trust is same as mutual fund 😉

Stash is an ETF by the way..

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That unit trust is so damn expensive.

[Papa Popoy]

Baka kapitbahay mo si Jet Li.

 

Ako rin gus2 ko sa Pinas....ang dream ko is paglabas ng bahay may SPA na. LOL

Wahahahahaha

Kainuman ko lang si pareng Jet 😂

[Papa Popoy]

I sort of understand what you mean about SG kasi tumira rin kme at nagwork sa SG ng almost 5 years dyan before kme mag migrate dito sa Australia. Ang hirap lang maging PR dyan sa SG kya we decided na mag migrate. Wla ka kasing social safety net pra sa mga e-pass. So we decided to start a family here in Australia. In 5 years time since we migrate, citizen na and that gives you lots of privileges especially may voting power ka na. Nung nsa SG kme, pahirapan pang mag renew ng e-pass, minsan nare reject pa. Pero napansin ko rin na in terms of ipon, mas nkapag ipon kme dito sa Au, and less stress. Last year 6 digits ang ipon namin in AUD (Di pa included ang Superannuation is which CPF equivalent sa SG which is additional 25% of talehome pay savings). But, gets ko yung mga friends na prefer ang SG at mag stay kahit e-pass lng at less priority sila ng government in terms of services e.g. schools for kids etc. kasi ang thinking is temporary lng nmn at babalik din ng Pinas (OFW mentality).We also consider U.S. di lng natuloy yung job offer kya Australia na lng.its good to have options in life.

Cheers din sa pagyaman ni Dona Neville! Kape kape tyo mag nagsipaguwian kmeng mga Overseas Financial Planners!

Tama ka pahirapan nga dito sa mga pass at sa pagiging pr. Pero so far swerte pa rin siguro ako kasi never pa ako nareject, usually 3yrs validity. Never pa akong nag-apply maging pr. Tingin ko mas malaki kikitain ko kung iinvest ko yung pera keysa mapunta sa cpf...yun nga lang may contribution yung company ko. Actually, may offersakin dati dyan, AUD180k sa sydney few years ago. Sabi ng ibang friends ko dyan ok na daw yan. Yang figure na yan yung naging basis ko why i am still here in sg.

@neville lahat kami dito gustong icelebrate ang pagyaman mo 😂🍻🍻🥂🥂🍻🍻🥂🥂

Edited September 12, 2019 by Papa Popoy

[JohannBeckham]

Tama ka pahirapan nga dito sa mga pass at sa pagiging pr. Pero so far swerte pa rin siguro ako kasi never pa ako nareject, usually 3yrs validity. Never pa akong nag-apply maging pr. Tingin ko mas malaki kikitain ko kung iinvest ko yung pera keysa mapunta sa cpf...yun nga lang may contribution yung company ko. Actually, may offersakin dati dyan, AUD180k sa sydney few years ago. Sabi ng ibang friends ko dyan ok na daw yan. Yang figure na yan yung naging basis ko why i am still here in sg.

@neville lahat kami dito gustong icelebrate ang pagyaman mo 😂🍻🍻🥂🥂🍻🍻🥂🥂

Yep, AUD 180K a year is a good income relative to everyone. Ofcourse income is relative nmn. With high income, mas madali rin mag ipon. So if your income in SG is lot higher than that your in good shape. I guess, kaya mong i save 70% or more ng take home pay mo. You'll be F.I. in no time. Ilang years pa bago mo ma reach ang F.I. status?

[neville]

Di ako nakatiis, naghanap na rin ako ng pagkakaiba ng Mutual Funds sa UITF. Baka kako sa terminologies lang nagkakatalo at halos lahat kayo nasa abroad. hahaha

 

Mula po ang infographic sa https://www.securitybank.com/blog/investing-101-uitf-vs-mutual-fund-vs-vul/

 

 

 

 

Daragdagan ko pa ang Mutual funds ko (come to think of it, minsan may natatanggap nga akong email tungkol sa shareholders' meeting ng mutual funds ko hehe). Target ko, PHP 1 Million minimum pa rin. US 1 Million in today's value by the time i turn 60...which is 19 years from now.

 

Galingan ninyo sa financial journey rin ninyo.

 

Yep, kape tayo pag-uwi ninyo mga sir. Mahabang kuwentuhan tayong lahat niyan.

 

Hahaha, Doña Neville? Kaloka kayo. :D

[JohannBeckham]

Neville ikaw pala ang nag start ng thread ma to way back in 2013 pa. How wouñd you describe you F.I. journey in the past 6 or something years?

 

Ako nagstart ako around 2011 sa SG. Wow, how time flies. I started negative (since i have credit card debt), and after tracking my expenses i saw the pattern. I'm a spender (the worst kind). Buti na lng saver si misis kya medyo nkaipon

[Papa Popoy]

Yep, AUD 180K a year is a good income relative to everyone. Ofcourse income is relative nmn. With high income, mas madali rin mag ipon. So if your income in SG is lot higher than that your in good shape. I guess, kaya mong i save 70% or more ng take home pay mo. You'll be F.I. in no time. Ilang years pa bago mo ma reach ang F.I. status?

Tingin ko kaya sir kaya lang stick ako sa strategy ko, which is 60% ang iniinvest ko. Sabi ng financial advisor ko 2021 daw. Maswerte lang siguro ako kasi maaga ako nagsimula at wala akong sinusustentuhan...ako pa nga ang nagpapasustento 😂 Pwede na akong mag-asawa...yung mapapangasawa na lang kulang 😂😂😂 Edited September 12, 2019 by Papa Popoy