money Financial Planning

[Ben.Dover]

Maraming youtube for financial advices but mostly summary:

1. Before mag invest sa stocks or anything save up muna ng emergency money minimum to 6 months
2. before din mag invest as much as possible bayaran mua utang
3. kung plan kung para saan ba yung investment

Inaapply ko yung mga advices nila. Dinagdagan ko lang ng nililista ko lahat ng gastos ko para dun ko nalalaman kung saan napupunta pera ako at kung ano yung pwede tanggalin sa gastos sa oras na kagipitan.

Maganda sana sa skwelahan pa lang tinuturo na Financial Education siguro bago maggraduate sa college

[dvclem]

I invest in stock and try go get 15-20%profit a year, conservative return pa to basta wag lang maging greedy.

[Boooya]

On 6/9/2023 at 12:29 PM, neville said:

 

Insurance ang VUL. Insurance na nilagyan ng mutual fund para lang mas lumaki ang value. Don't think of it as an investment. Instead, look at it as future protection for your family should you bite the dust earlier than expected.

MP2 naman, stuck for five years. May listahan ang PAG-IBIG ng mga dahilan para tanggapin ang early withdrawal ng MP2 mo. 

Kung kailangan mo ng liquid na investments na walang masyadong losses, go for bank savings or money market funds.

Thank you paps! 

[charles michael]

On 5/18/2023 at 9:31 AM, bradbro said:

wala akong kaplano plano sa financials, pero kung may advice kayo sa mga magsisimula palang, ano kaya una dapat gawin? lalo na di naman kalakihan sweldo, halos paycheck to paycheck lang haha

 

I suggest try mp2 you can invest as low as 500 pesos last year ang performance nila is 7% dividends.

[krking]

Kakaumpisa ko lang sa trabaho so thinking of investing part of my salary. Ano po recommendations for both short and long term investments?

[combatjames]

On 6/29/2023 at 11:02 PM, krking said:

Kakaumpisa ko lang sa trabaho so thinking of investing part of my salary. Ano po recommendations for both short and long term investments?

First ten years

Invest on yourself (25% of income)

Invest on other instruments (5% of income)

 

Next ten years (assuming natuto ka nung first 10 years)

Invest on yourself (15% of income)

Invest on other instruments (15% of income or more)

 

Next ten years still (assuming natuto ka nung first 20 years)

Invest on yourself (15% of income)

Invest on other instruments (30% of income or more)

 

if you do it wisely and prudently, darating ang araw, kahit na in % maliit or same na yung investment mo pero in actual value, malaki na yun kasi lalaki income mo.

 

 

[changedman27]

On 3/31/2023 at 2:42 AM, Boooya said:

Anong insurance company ang maganda pagkukuha ng VUL?

di naglalayo ang mga insurance and investment products kahit iba ibang company pa. instead of anong company, better to look for a good agent na yung interests mo talaga ang binibigay

[BaileyG]

On 3/31/2023 at 2:42 AM, Boooya said:

Anong insurance company ang maganda pagkukuha ng VUL?

Not the direct answer you may be looking for sir, pero I’ve often discussed with friends who work in finance-related industries na it might be better to just separate insurance and investment. Was never a fan of VUL or mutual funds kasi parang performance-wise, mas consistent pa market index kesa sakanila. Unless totally clueless ka about investing in which case, baka better na VUL kesa bank (or worse, magastos mo ang savings). But if you’re timeline is relatively mahaba2 pa naman, parang mas ok pa just plain life+emergency insurance nalang and invest in maybe an index fund. Caveat nalang. Sobrang dami in flux pa man din sa mundo ngayon.

If you’re into books, I suggest reading “The Psychology of Money”. Isang lesson dun is that the two most impt factors lang to grow money is consistency and time (yung tagal na ginagawa mo ang boring stuff consistently).

[TennisElbow]

On 11/14/2023 at 5:07 PM, BaileyG said:

Not the direct answer you may be looking for sir, pero I’ve often discussed with friends who work in finance-related industries na it might be better to just separate insurance and investment. Was never a fan of VUL or mutual funds kasi parang performance-wise, mas consistent pa market index kesa sakanila. Unless totally clueless ka about investing in which case, baka better na VUL kesa bank (or worse, magastos mo ang savings). But if you’re timeline is relatively mahaba2 pa naman, parang mas ok pa just plain life+emergency insurance nalang and invest in maybe an index fund. Caveat nalang. Sobrang dami in flux pa man din sa mundo ngayon.

If you’re into books, I suggest reading “The Psychology of Money”. Isang lesson dun is that the two most impt factors lang to grow money is consistency and time (yung tagal na ginagawa mo ang boring stuff consistently).

Agree never mixep up investment and insurance.

[PenetrayShawn]

On 11/20/2023 at 11:58 PM, TennisElbow said:

Agree never mixep up investment and insurance.

Rule of thumb na siguro na yung aggressive nila imarket na product, yun yung dapat mag isip tayo ng mabuti

[BaileyG]

1 hour ago, PenetrayShawn said:

Rule of thumb na siguro na yung aggressive nila imarket na product, yun yung dapat mag isip tayo ng mabuti

Kind of like the 2nd cheapest bottle of wine sa menu hehe

[tombone]

For Retirement, Passive income is important should plan ahead.

[James Band]

Best time to invest is yesterday. You need to start early. Depending on your risk tolerance, whether you invest in bonds or stocks, your investment will grow over time, simply because of time value of money.

[greenshadow]

Better read up and consult a reliable mentor... Kung wala pang alam, save up muna, wag masyadong masilaw sa quick gains na investment schemes, most likely too good to be true yan...

[cynophile]

 

Crowdsourcing lang no. Gumugulo kse to sa isip ko. Regarding pagbili ng bahay and investments

 

Plan A = More ipon pa para sa bahay na gusto ko talaga. Where I can live comfortably. Na pwede ako magbusiness at the same time. (Don ko itutuloy yung shopee business ko dati, and car rental.) pero hndi ko pa to magagawa now since “more ipon” pa. More ipon baka 2026 ko pa mabili gusto ko if ever. Dalawang business lang ang source (6digits earning approx 200-300k net income monthly combined)

Plan B = pagpatuloy ko muna magrenta sa metromanila then Paikutin ko na muna yung pera na meron ako since hndi pa naman to makakabili ng bahay na gusto ko talaga. Ang naiisip kong investments is isang bahay around 35% ng hawak ko around cavite. then pauupahan ko sya, (range 8-10k monthly) 

Then mag add pa ng car for my car rental business since I only have 1 unit tapos madalas gnagamit ko pa kaya di narerentahan.

At yung puhunan sa shopee and pet supplies ko (online shop) natigil sya simula nag require ng BIR ang shopee huhu.

 

Technically, yung rent ng bahay if may uupa sa house na plan ko bilhin sa cavite, parang ibabayad ko lang dn sa upa ko here sa metromanila. (Pero atleast nasa metro manila ako, dba? Wdyt? Or parang bobo? Haha)

Then when the time comes na gusto ko na magsettle sa dream house ko, ibebenta ko tong property na to.

 

Sorry dont bash me, di tlga ko makatulog di ko alam if napepressure lang ba ako o gusto ko talaga tong mga bagay na to. 😭

 

May isa pa kong friend sabi nya bumili na daw ako ng bahay, mawala man lahat atleast may bahay daw ako. Tapos ewan ko natatawa ako sa loob ng utak ko kasi naiimagine ko yung sinabi nya in not so very nice way.HHAAHA.  Naiimagine ko yung may bahay ka pero wala kang kahit ano 😂 tapos sisigaw ka nalang mag isa sa loob ng bahay mo “atleast may bahayako whoooo pakyu kayo.” Nabaliw na pala no huhuhu.