Facebook: remote work and pay cut for cheaper area

May 22, 2020

Introduction

It is so hard for me to make money as a long term investor, and I understand that the public company should also have concern about the market, and make adjustment accordingly. I like to work on a short research based on the article published on MarketWatch.

Cheaper area

Here is the article.

The Facebook FB, +1.52% chief executive laid out the company’s future remote-working plans during a videoconference with employees Thursday. Zuckerberg said Facebook will “aggressively” ramp up the hiring of remote workers, though not all employees would be allowed to permanently work from home, at least at the start.

And those who choose to work where the cost of living is less should expect to be paid less.

Here are two highlights:

1. More workers
2. Pay less for cheaper area
3. Remote work - stay in Silicon valley to pay high rent or move to cheaper area
4. cost of living and cost of labor 
5. Facebook median salary $240,000 a year 
6. $2.4 million median home price, bay area $928,000 

Work at home - where is home? 

Opportunity loss: GE stock 20% gain in less than five day

May 22, 2020

Introduction

It is not easy for a software programmer to come out ideas how to invest on stock in short term, so that I can learn how to analyze stocks like an analyst. Based on my GE stock purchase on May 15, 2020, I only chose to purchase 40 shares at price $5.54, I should make some analyst to ask why the stock price went down in one month 28%, and then take some risk to invest all those $11,000 dollar cash to make the purchase.

GE stock 20% gain opportunity loss

I like to count this loss as $2000 US dollars. I like to learn the bias on the investors and take advantage on that.

TD Ameritrade - Key largo portfolio needs some revisit

May 22, 2020

Introduction

I just realize that I missed the opportunity to make quick 20% return on GE stock. I did make purchase after 28% loss since last purchase on May 15, now it went up 20% in less than one week. What I should do is to invest $11,000 dollar cash on GE stock, bet that the stock price was affected by Warren Buffet news about airline stock, and make quick investment.

My Key largo portfolio

Here is my key largo portfolio on May 22, 2020.

Actionable Items

I have to learn how to analyze the stock and impacts of stock price related to news. For example, I should explain to myself, why GE stock had 28% price drop from April 18 to May 15, and then I can take some risk to make purchase using my $11,079.08, and make 20% return in less than one month.

I have to train myself to think like an analyst and then try it out and see if it works.

Stock research: GE stock - count how many billions of debt

May 21, 2020

Introduction

It is important for me to get some stock when price is low, specially I like to choose companies like GE. I like to learn more about business and how many debts in billion GE has right now.

Debt issues

Here is the article.


GE business segments:

1. renewable energy (wind)
2. conventional energy (gas turbines)
3. healthcare (medical imaging equipment)

These include renewable energy (wind), conventional energy (gas turbines) and healthcare (medical imaging equipment). Gas turbines in particular could see demand rise with increased use of gas for electricity generation.

After famed CEO Jack Welch took the helm in 1981, GE stock returned an astounding 4,280% to investors in the 20 years through 2001.

4280% return - 40 times more

48 billion in industrial debt - nearly twice the level of a typical industrial company
Pension obligation of $100 billion as areas of worry

price target is $8.53 - suggesting 37% upside over the next 12 months

$35 billion in available lines of credit from banks
$2 billion worth of operational cost-cutting measures

37% upside over the next 12 months - I like this number. 

Stock research: GE aviation - lowest point in 30 years

Introduction

It is so interesting to learn so many financial data about GE as a business. I like to think about purchase more of GE stocks, and then hold it for 3-5 years at least. 

GE stock

Here is the article. 

Here are highlights:

1. GE aviation is one of the largest makers of jet engines and components in the world
2. GE aviation permanent 25% job cut
3. GE aviation and GE healthcare 
4. GE aviation first quarter with revenue of $6.9 billion 

GE Aviation Is Grounding GE Stock

Analysts agree that the stock is getting pummeled from all sides — but its ties to the airline industry are particularly dangerous. Airlines have come to a standstill thanks to the closure of international borders and public fears of flying amid the pandemic.

GE Aviation is the company’s largest business segment, with revenue of $6.9 billion in the first quarter. The next biggest segment is GE Healthcare, which added $4.7 billion in revenue during the first three months of 2020.

GE Aviation is one of the largest makers of jet engines and components in the world, and with planes sitting idle on tarmacs, the business unit has been brought to a grinding halt. GE stock fell sharply last week after Boeing (NYSE:BA) CEO David Calhoun predicted that at least one major airline will be out of business by year’s end. Unfortunately, Calhoun’s warnings didn’t stop there. He also predicts that the U.S. airline industry will need a minimum of five years to recover from the  pandemic.

The fact that GE Aviation CEO David Joyce announced “permanent” job cuts — reducing its workforce by 25% — only added to the gloomy sentiment. Plus, Warren Buffett said he has sold all of his airline stocks.

Stock research: General Electric Stock Should Appeal to Bargain Hunters

May 21, 2020

Introduction

It is so interesting to learn so many financial data about GE as a business. I like to think about purchase more of GE stocks, and then hold it for 3-5 years at least.

GE stock

Here is the article.

Here are highlights. I need to learn more about business, GE capital is somewhere from 40 to 60 billion dollars.

1. Price is near 30-year low
2. Patience and an appetite for near-term risk
3. May 13, 2020, at $5.79 a share

General Electric’s (NYSE:GE) stock price is nearing a 30-year low. With this in mind, shares represent a buying opportunity for bargain hunters. However, be warned. GE stock requires patience and an appetite for near-term risk.

GE stock closed Wednesday, May 13, at $5.79 a share, hitting a 29-year low for the Boston-based conglomerate. Frankly, it’s been a going concern since Thomas Edison founded it in 1889. And the stock price has faced even more suffering in recent months as the novel coronavirus weighed on GE.

Stock research: Suncor (TSX:SU) Stock Rally: Are Investors Too Optimistic?

Here is the article.

Here are highlights:

1. Suncor stock is up 60%
2. Suncor stock bottom is near $15 in March. I bought 20 share on March 27, 2020, $16.45
3. Analysts shared fact: Run out of storage capacity as the end of May
4. Crude oil price is $30 per barrel 
5. Breakeven price is above $30 dollars, 
6. More on step 5, $30 per barrel is high enough to keep more companies alive. 
7. Global economy will pick up momentum

A few things are new to me:

Storage capacity, when to run out of storage space, crude oil price, SU stock and its future in next 12 months. 

I need to think about how much I should invest on this oil stock. 100 share, at price of $25.67. 

Content I review: 

The share price of Suncor Energy (TSX:SU)(NYSE:SU) is up 60% since bottoming out near $15 in March. Investors who missed the bounce are wondering if this is a good time to buy the stock.

Oil price

The price of oil is steadily moving higher after a brutal plunge that saw WTI futures contracts briefly trade negative last month.

The drop in demand caused by pandemic lockdowns is as high as 30% according to some estimates. This happened at the same time that Saudi Arabia and Russia decided to end a pact to manage supply. The ensuing price war saw the two countries open up the taps, adding to the oversupply in the market.

At one point, analysts feared the world would run out of storage capacity as early as the end of May.

After oil plunged to levels nobody expected, Saudi-led OPEC and Russia agreed to cut nearly 10 million barrels per day from the market beginning May 1. The move, in addition to reduced production by struggling oil companies, is combining with a slow rebound in global demand to prop up prices.

WTI oil now trades above US$30 per barrel. That’s still below the breakeven price for many oil producers, but high enough to slow cash burn and keep more companies alive until the global economy picks up momentum.

Questrade investment summary - May 21, 2020 unrealized gains $257.06 CAD

May 21, 2020

Introduction

It is such amazing journey as a long term investor from May 2019. I went through the gains over $2000 dollars, losses over $9000 dollars, and now with $200 dollars gains. 

Questrade investment summary

Here is the summary from Questrade.com. 

Victoria TFSA portfolio

Mark Zuckerberg - work remotely

May 21, 2020

Introduction

It is one hour talk. I started from 11:24 AM, and then I like to take some notes, and think about working on my English, learn from Mark how to approach this topic in a casual way, without powerpoint slides etc.

Work remotely

Here is the video link.

Facts to review:

90% work remotely right now in May 2020

Arguments:

Next five to 10 year, my guess, what percentage to work from home?

As a founder, culture is built carefully over the time. Day by day, over year, decades. Long term approach.

Coronavirus concern:

Remote work is good approach because of coronavirus

Optimistic about working remotely
Why not doing this? It is because ...
Innovation, primary goal of this is to do work better; impact of people around you; thoughtful at all
Give us access to new pool out there

Recruit more broadly - start to open more new talents - help us retain important top talents
No office/ Do not support the work
As valuable ......

New talent - specially new opportunity - diversity - hiring in a small big cities - cut out a lot of people - different background - potentially valuable - spread opportunity

Do not spread globally too fast - move to a small number of big cities - city is so crowd - people are struggle, city not be able to scale - enable more worker

Social opportunity - less commute, less travel - some of measures - stick to long term - benefits for every one to sit in traffic - long term issues -

Our employees - video chat - pollute environment concern
Facebook specific - remote work - advance our technology we work on - Feel connection

Private social platform we work on - video chat, message room

Feeling presence - more at work as well

Internally - five million paid - workgroup six months - 20 million - just 6 months
workplace video chat - business
growing business demand - collaboration
How organization operate?

Empathy to customers using the product

What we learn so far?
By statistics - Remote work so far
High productivity - challenging, kids from school, single and stay at home alone, alleviate, fall off cliff, individual productivity, low feeling ..., build culture, white boarding, free phone conversation, important part of company culture

Drafting apart - less commute - split time, work or personal life, balance, work and life balance is hard, regular, blur together, draw a line between work and family life

video chat - side conversations - on the internet - benefit of that
hard to be on board - fully measure the facts on that
See other people in person

Overall survey result -
20% - full time remote work after this coronavirus
20% - some of interested
50% - get back to office as soon as possible, long term
multiple choices - 60% ask for full time remote/ office, mixed
remote work - visit office for meeting, flexible - schedule for office or at home

Flexibility - move back - office looks like - capacity to serve people full time
Allocate desks not used all the time

preferences heard:
More tenure people - like better
New graduate - office better
By gender - no preference

Work full time - 45% move to another place
30% might move to another place - stay in USA, 38% prefer to another big city, small city like that

How managers have choices to support remote team?
30% not want to

Challenge questions we learn

Creativity and culture - transitional, not good for people to bond, hangout
Big opportunity to build new tools
Plan to work on hackerthon

Covid-19 period - offsite - get-together
Once a month, day or two build culture or build bonds

Remote work - hybrid remote work
Right now entirely remote work - equal opportunity for people working remotely

Individual track - IC - ambitious people
manager track -

Career track - equal opportunity for remote work

Missing contact

New norms for video track

More people back to office - product site - how we use the tools?

Open questions - how office looks like?
commit to keep the office and make it great too

Commit to neighbors, thoughtful - remote hiring
Big opportunities
Diverse - talent company

View remote workers - more underrepresented folks - more hard - disparity - thoughtful - diversification

Big issue - train new graduate - early in the career - how to work in the company after academic settings

Research - most remote  - do not hire new college graduates - start to train - how they progress career?

Concern in some place - ambitious -

Remote hubs 

Denver
Atlanta
Dallas

Second level later

Innovation - how to release the innovation?
Operation culture
Training
Career advancement
Be up-front - remote work internally

Support every one you work with - positive, whole company
Reality - not working remotely
Productivity -
Covid is still prevalent

Health condition - some of them are vulnerable

Five or above - level - recent cycle (above average) - approval of group leader
Retention benefits - leave company because of moving to places - ...

Performance rating is not good yet - more challenging environment - experience threshold

thousands intern joining us - next few weeks - philosophy - special task - learn a lot about remote work

Business leader/ ...

Late June or so - Full list of team - all remote / support remote

Basic principles - hardwork, mental health, data center technician
Be near the people you serve - part of sales, policies and ...

Salary - adjusted - grace period - accounting - tax properly - January 1, 2021

Basic precautions - VPN - severe ramfication - about law

Flexibility

office 50% / home 50%

When a Harvard Pedigree Won’t Help You

Here is the article.

What’s Happening to the Harvard Men?

Here is the article.

Second play - Rule #1 virtual workshop event

May 21, 2020

Introduction

It is my third vacation day to learn how to live with hay fever, so I can go back to work full time in short future. Also I like to learn one more time to replay one hour webinar from Phil Ruleoninvesting.com

Add more notes based on the first play

I choose red color for notes added in the second play. I started from 10:00 AM on May 21, 2020. 

21% American retire comfortably, easy steps to take to learn how to invest on stock market. 

Business approach - prove there things

1. Teach you, we can
2. You can learn by yourself
3. ...
4. 
   

By the end of this webinar, you are going to KNOW...

• How to reduce your risk in the stock market
• How to protect yourself from the downward moves that regularly come in the stock market
• How to generate returns of 15% or more by doing something really simple... while even the top mutual fund managers get just 5%
• How you can be just as successful as "rock star" investors like Warren Buffett by doing what they do... and I'm going to tell you how they do this. 

Rule #1 virtual workshop event

May 21, 2020

Introduction

It is one hour virtual workshop event. I like to take some notes what I learn from this presentation.

Ideas I like 

79% - run out of money in retirement
21% - doing great and can enjoy the money whenever how long they live

Jack Meyer - Harvard investor

Sec filing of Warren Buffet
Moat of the company - how to find the company?

10 dollars to buy using 5 dollars

Mutual fund manager - value is questioned, and cost of management fee is questionable.

Charlie Munger - 60 year partner of Warren Buffet

I have a life, and I like to relax and sit them wait. Event -> It's time to be greedy when other people are fearful.

Market - sell half price -> dream price, disaster helps - global things - Greece 2001
Industry crisis - 2010 Mexico well broke

IBM - shift - radically things
Recession
They have to beat those competitors ...
Rain gold -> time to go out with a bucket ...
Wash tub -> fill wash tub with gold

Three day workshop -

Focus - each punch, 20 punch whole life - 20 companies in life time, 4 or 5 of them, big margin of safety in the life

You have to have a lot of ...

Here's a recap of how this works

• Get the stock on your radar
• Understand the company in great detail... including its values
• Make sure the company meshes with your value system
• Wait for an event
• Understand the event and why the price of the company has plummeted

We are actually human. We are not genius. We are reducing the risk of the money on the table. 

Minimize the risk, take some money out of the market at right time. 

You cannot time the market - huge advantage - be nimble? Too big, it will crash the market - Warren Buffet for example

IBM - buybacks: Reduce risk 

Rule #1 strategy: R.U.L.E.R.

• Radar
• Understand
• Love
• Event
• Reduce risk

2011, 2012 tools for your 401 K could save you big drop in the market

51:50 Here's what you will learn:

1. How to buy a wonderful company for half the price
2. Know when to get out

Rule #1 

Here's what you're going to discover in our three days together

• Which companies to radar and how to find them, so you have about 50-100 target companies. 
• How to know the company is wonderful and the reliable sources to help you find these companies so that you only use correct information
• How to match your values with your money. People who attend the workshop especially love this. 
• How to find an EVENT, which is huge, because this means you buy a $10 note for $5.
• How to maintain your margin of safety so you protect your capital.
• And then we'll get into some of them ore advanced financial tools including derivatives, which is just basically options. Understand these and you'll reduce your potential exposure to zero, faster. 
• How to create a high cash flow in retirement so you're not eating beanie-weenie and struggling to survive

People pay $5000 dollars to attend. Best education to get. Warren Buffet tried to teach in 50 years. 

Spend three days with me. Turn into low risk and high return. 

Actionable Items

It is similar to boot camp. I do think that it takes time to learn and no one can be a super talent learner by going through 3 days training, $5000 dollar cost.

Teacher is the best. But reality is tough for any one to be a naive investor in stock market. 

Ruleoneinvesting.com

Rule #1 virtual workshop event

May 21, 2020

Introduction

It is one hour virtual workshop event. I like to take some notes what I learn from this presentation.

Ideas I like 

79% - run out of money in retirement
21% - doing great and can enjoy the money whenever how long they live

Jack Meyer - Harvard investor

Sec filing of Warren Buffet
Moat of the company - how to find the company?

10 dollars to buy using 5 dollars

Mutual fund manager - value is questioned, and cost of management fee is questionable.

Charlie Munger - 60 year partner of Warren Buffet

I have a life, and I like to relax and sit them wait. Event -> It's time to be greedy when other people are fearful.

Market - sell half price -> dream price, disaster helps - global things - Greece 2001
Industry crisis - 2010 Mexico well broke

IBM - shift - radically things
Recession
They have to beat those competitors ...
Rain gold -> time to go out with a bucket ...
Wash tub -> fill wash tub with gold

Three day workshop -

Focus - each punch, 20 punch whole life - 20 companies in life time, 4 or 5 of them, big margin of safety in the life

You have to have a lot of ...

Here's a recap of how this works

• Get the stock on your radar
• Understand the company in great detail... including its values
• Make sure the company meshes with your value system
• Wait for an event
• Understand the event and why the price of the company has plummeted

We are actually human. We are not genius. We are reducing the risk of the money on the table. 

Minimize the risk, take some money out of the market at right time. 

You cannot time the market - huge advantage - be nimble? Too big, it will crash the market - Warren Buffet for example

IBM - buybacks: Reduce risk 

Rule #1 strategy: R.U.L.E.R.

• Radar
• Understand
• Love
• Event
• Reduce risk

2011, 2012 tools for your 401 K could save you big drop in the market

51:50 Here's what you will learn:

1. How to buy a wonderful company for half the price
2. Know when to get out

Rule #1 

Here's what you're going to discover in our three days together

• Which companies to radar and how to find them, so you have about 50-100 target companies. 
• How to know the company is wonderful and the reliable sources to help you find these companies so that you only use correct information
• How to match your values with your money. People who attend the workshop especially love this. 
• How to find an EVENT, which is huge, because this means you buy a $10 note for $5.
• How to maintain your margin of safety so you protect your capital.
• And then we'll get into some of them ore advanced financial tools including derivatives, which is just basically options. Understand these and you'll reduce your potential exposure to zero, faster. 
• How to create a high cash flow in retirement so you're not eating beanie-weenie and struggling to survive

People pay $5000 dollars to attend. Best education to get. Warren Buffet tried to teach in 50 years. 

Spend three days with me. Turn into low risk and high return. 

Actionable Items

It is similar to boot camp. I do think that it takes time to learn and no one can be a super talent learner by going through 3 days training, $5000 dollar cost.

Teacher is the best. But reality is tough for any one to be a naive investor in stock market. 

Ruleoneinvesting.com

Harvard University endowment - Jack Meyer

Here is the article.

Jack Meyer managed HMC from 1990 to September 30, 2005, beginning with an endowment worth $4.8 billion and ending with a value of $25.9 billion (including new contributions). During the last decade of his tenure, the endowment earned an annualized return of 15.9%.^[7] In part after compensation disagreements, a number of HMC managers including Meyer himself left to form their own investment management firms.

Facts to review:

1. Jack Meyer managed HMC from 1900 to 2005
2. Last decade of his management, Jack Meyer made 15.9% annual return from 1995 to 2005
3. Jack Meyer left and formed their own investment management firms

Finance coach - work with professional investor first time

May 20, 2020

Introduction

I evaluated my opportunity cost of $24,000 investment follow-up on Canada oil stocks from March 27 to May 21, 2020. One of solutions is to work with profession investors in China, a shanghai jiaotong university alumni math graduate I got to know more than six months ago. I tried to get in touch with him, and we discussed how to use Zoom to work together. My original budget is $300 Canada dollars.

Ideas to work together

I will add more later on this project.

A Rising Share Price Has Us Looking Closely At Ovintiv Inc.'s (TSE:OVV) P/E Ratio

Here is the article.

Ovintiv (TSE:OVV) shareholders are no doubt pleased to see that the share price has bounced 88% in the last month alone, although it is still down 54% over the last quarter. However, that doesn't change the fact that longer term shareholders might have been mercilessly wrecked by the 77% share price decline throughout the year.

Facts:

1. OVV.TO stock price bounced back 88% in the last month alone
2. 77% share price decline throughout the year

Mint app transactions - April and May transactions

May 20, 2020

Introduction

It is hard for me to learn to invest on US stocks and Canada stocks. I only have a few transactions last two months. I like to look into the issues, and then see if I should work on improvements.

Mint app transactions

I need to think about taking more risk so that I can have some return from April 1 to May 20. 

Yahoo finance portfolio - Key largo Ameritrade May 20 2020 - SPX 1.67%

May 20, 2020

Introduction

The hotel stock is still staying put after one month purchase, airline stock went down; but Expedia went up 20%. US stock investing is different story compared to my Canada portfolio.

Case study

Yahoo finance portfolio - Victoria TFSA May 20 2020 - SPX 1.67%

May 20, 2020

Introduction

It is the training I like to have. I like to write a story to describe what is going on related to this coronavirus, Covid-19. Right now the Canada oil stocks are going up quickly, I am so glad to learn the lesson. I miss the chance to go up first 100% return of Canada resource ltd after March 27, 2020.

Case study

Why Canadian Natural (CNQ) Gains 18% Post Q1 Earnings Release

Here is the article.

Yahoo finance portfolio - SPX 2970 +1.64% on May 20, 2020

May 20, 2020

Introduction

It is another day to see stock market went up so quickly. I just could not believe the uptrend. I took second day off as vacation day, stay at home to learn how to handle hay fever before I go back to office tomorrow. I should invest more money on Canada oil stock before it is too late.

My portfolios

TFSA portfolio

Rolls-Royce Weighs Workforce Cut of Up to 15% on Travel Collapse

Here is the link.

全面解救鼻過敏？

Here is the link.

《职场健康课》 告别尴尬 专家解析如何应对过敏性鼻炎 20190402 | CCTV财经

Here is the link.

本期节目主要内容： 阳春三月，春暖花开，正是大家外出踏青赏花最好的时候，但是对于过敏性鼻炎的患者来说，阳春三月却意味着又一轮没完没了的喷嚏开始了。本期节目将带您了解如何应对过敏性鼻炎。 《职场健康课》是中央电视台财经频道针对职场人士量身定制的一档演播室互动访谈节目，以职场的亚健康状态和职业病为主要关注点，为广大观众带来切实有效的健康解决方案。节目以科学专业的态度做好健康科普，探讨职场健康话题，呼吁大家健康工作、快乐生活，力求打造一档积极向上的、温暖的健康节目,为大家职场打拼保驾护航。

健康之路》 鼻炎

Here is the link.

The Greatest Trade Ever

Here is the link.

ANC On The Money: On The Road with Suze Orman Part 2

Here is the link.

Guest: Marie Josephine Ocampo, VP & Chief Marketing Officer, BPI Suze Orman, Personal Finance Expert


Suzen Orman - financial freedom

The value of security -

5:40
Questions:

Common issue - finance issue?
Translate to China.

Money is a universal language.
Talk about personal finance.
It's the psychology of money, more than anything else, that's universal.

7:13/ 20:34

9:19/20:34
60% stock return - Suzen Orman's advice

1% interest, need to pay tax

Invest in the stock market
Growth on the money
Buy a home you can call your own
Invest in index mutual funds
If in credit card debt, 36% per year or more.
Just pay off credit card debt.

12:16/ 20:34
Question: Stand in truth, apply principle to improve life?

Take care of every one.
Every one's duty takes care of parents.
It is not out duty to take our brother and sister to live a better life style.
Have to say I am sorry. I do not have money, being irresponsible to my money.

13:37/20:34
Standing in the truth is saying "no" out of love for yourself versus "yes' out of fear that somebody is going to judge you and not love you. 

Suze, I do not like to send money to home. I do not have a job. Tell the truth, standing in the truth. 

As long as financial institution...
How market works? Stopping going up, I am not ready to retire yet. 

16:24
Question: 

ANC On The Money: On The Road with Suze Orman Part 1

Here is the link.


7:00

The goal of money is for you to feel safe and secure.

The goal of money isn't to buy things. It's to provide for your safety and security.

Most of Philippines use money to buy things. Buy things you cannot afford, impress people you do not know even you do not like.


7:23/ 27:30

You will never be powerful in life until you're powerful over your own money.

7:44/ 27:30

Three obstacles to wealth:
fear, shame, and anger

You gave all the money away to your mother, sister, aunt, and employer or employee. Why you are anger? It is your culture. To give everything away, that is culture. I cannot afford to give my money away. I could not tell me if I can afford. 

Your culture is the one starting from change. 

Only your parents. Not your brother and sister. Say no. Save for yourself first. 
Who will take care of them. 

One of your attract for money - stay true. 
Say yes out of fear - Doing them in favor. 
Fear, fail and shame. 
A nation of savers versus a nation of spenders. 

Lack of knowledge. Do something you do not understand. 
Learn what is available for you in your country. 
Debt is bondage, so your first step of action to get on the road to wealth is to get out of debt. 

Two packs of money:
Savings - for emergencies, doesn't have to earn
Investments - real estate, index funds

Start to invest yourself, no advantage in owning dollars, put your money in pesos. 

15:59/ 27:30

How does it make you feel?
If it makes you feel afraid, don't do it. 
If it makes you feel powerless and you're watching interest rates, don't do it. 

The goal of money isn't make you feel better...


9:36/ 27:30

For this country to grow, you have to be able to save for yourself first.

10:22

Stand in your truth. Truth attracts money. Lies repel it.

11:14

This entire country can change.
This entire country can become a nation of savers versus a nation of spenders.

ANC On The Money: Money Management for OFWs

Here is the link.


1:13/ 20:50 
OFW flight plan to wealth

• start by saving 60% of income
• 60% when salary increases
• Then save 70% of income

2:32/ 20:50

OFWs need to prepare for a short career, about 15 years average

instead of buying house, buying a car

7-step plan for OFWs

1. Save emergency fund - 12-24 months of expenses

2. Save for children's education

3. Keep records

5. Learn about investing "simply saving will not make you wealthy"

6. Find a process-based financial planner

7. Keep your financial matters confidential

On The Money: Financial Literacy

Here is the link.

Vincent Rapisura Program Manager Ateneo de Manila's Microfinance Capacity Building Program

Undocumented migrants -

Train them for financial literacy

3:51/ 25:53

Ateneo de Manila
financial literacy course
for OFWs:

leadership and social entrepreneurship

5:04/ 25:53

Share one success story -

Teach them in 50s -

Lesson #1: Once your child reaches 21 years of age, you can stop sending money and save for yourself.

You break the chain - First two hours they are really mad at you. Stop sending money to adult children.

6:18/ 25:53

Domestic helper - outside Philippines

If your family wants your remittance to be permanent, it means one thing: they don't want you back home.

A significant portion of OFWs will get adequate insurance.

Financial literacy

Every 1 out of 10 participants is bankrupt.

8:12/ 25:53

3 stages of Migration
1. Pay for debts incurred to go overseas (1-2 years)
2. Send money home for children's education or medication of sick family member
3. Save for retirement and reintegration (up to 5 years ideally)

9:01/ 25:53

Course meeting points:

1st and last: Live training session
2nd and 3rd: Online
They have assignments and tips on getting out of debt and saving money

20% of income is sent to home

1 out of 3 Filipinos overspend on houses.

Do not forget themselves - bread winner, if something happens to them, nothing left

14:49/ 25:53

Case study: Nellie

Worked in Rome for 20-25 years
P500K in debt because of vacations and remittances sent to family members

Emergency savings - next year she started to invest.


16:51/ 25:53
Case study: Rhoda

Brings 6,000 euros (roughly P300K) whenever she comes home as pocket money

She pays for everyone. Basically she is ATM.
She came back.

I went back to Philippines, she used to bring back.

Strategy for Rhoda:
Half of the time you said yes before, say no.

19:37/ 25:53
Case study: Emerjon
Works in Italy as domestic helper
he is now in his 3rd year of his bachelor's degree in the University of the Philippines

20:06/ 25:53
Case study: Mayet

Heavily in debt due to supporting children over 21 years of age

She sacrifices herself for her adult child.
Mayet talked to her children and charted a financial plan.

Her children are looking for jobs.
Tell your children grow up.
Your mom is not primary source of income.

Culture of dependency is a big problem in Philippine society.

Love is when you let the other person grow.

Financial capability is a 21st century life skill.


Financial education should be integrated with high school education.

ANC On The Money: Understanding Money Behavior

Here is the link.

How to avoid money mistakes

2:02
4 areas of money management

• cash
• debt
• risk
• wealth

Common money mistakes are lack of budgeting and over borrowing

Behavior finance

Sore losers

Lock-in profit
Gambler fallacy

When it comes to loose change, people find ways to spend it.

Glass half-full solution

• Can you save 20% of income? (outright loss)
• Can you live on 80% of income? (Foregone gain)

Money illusion / bigness bias

To us, when something is small it's insignificant and when something is big, it's more valuable.

0.99/ month, 14% annual interest 

Emotions affect the way we look at money. 

11:05 

Jesse livermore:

"If there are ABCs in investing, there are also FGHIs... FEAR, GREED, HOPE and IGNORANCE"

Financial denial - acceptance of money mistakes 

14:30
grocery store shopping - alternative brand - grouch low
More expensive - eye level

15:14 Answer questions

18:52
Question:
Most days I spend more than what I should. How can I stick to my daily budget?

Answer:

• Discipline yourself
• Start saving
• Live within your income level

Question:

Her mom sold a house. How does she invest the money?

Answer:

• Investing not just about the return you want. 
• It also involves risks
• Ask a financial planner to do a projection of what's needed to live a certain life style. 

Balanced fund, less risk - a doctor earns good income

ANC On The Money: Investment 101

Here is the link.

1. Identify your investment objectives

Preservation of capital
Regular income
Growth in capital

Long term horizon - invest on long term horizontal

2. Determine your investment horizon

Short term
Medium term
Long term

Investing is not just for the rich. Banks and financial ...

Investment three types:

Cash -
saving account
time deposit
fixed income

Bonds - Bonds are debt instruments that pay a fixed amount interest ...

23:05/ 26:41
Investing is not gambling. It is a long-term commitment and not about a quick win.

derivative - hedging - 101 -> 301

ANC On The Money: Earning Your First Million

Here is the link.

ANC On The Money: How to Make PhP5M in 10 Years

Here is the link.

Guest: Mario Miranda SVP and Wealth Management Division Head BPI Asset Management