Personal Finance: COL Financial Chairman’s 2017 Message

I have received an email from COL Financial last week. It contains the Chairman’s (Mr. Edward K. Lee) message for 2017. It started with this quote:

“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
–George Soros

And here’s the message:

Dear COL Financial Client,

One of our biggest concerns at COL Financial is that many people start investing or trading in the stock market, even though they don’t understand how to do it. Worse, some people even invest in speculative issues with no understanding of fundamentals, turning investing into gambling as they get excited at the prospect of making a high return.

This is the reason why people lose money in the stock market, and it’s also the reason why people lose faith in the stock market.

People enjoy the rush of earning money from something they don’t understand how to do, not knowing that the boring, slowly-but-surely way of investing is what works out in the long term.

It’s why we are always encouraging everyone, not just COL Clients, to attend and learn from our investing seminars. We want you to understand the rules of investing and trading, so you don’t end up wasting your hard-earned money.

Aside from arming yourself with investing knowledge, I also encourage you to manage your risk.

Start by deciding how much money you are comfortable placing in the stock market. Then, rebalance your portfolio regularly, at least twice or thrice a year, so that the amount of money you have in the stock market is always an amount you’re comfortable with.

Finally, I would like to remind you that what matters is how long you’re in the market—– not timing the market. While we’re not certain what will exactly happen in the stock market this 2017, know that the long-term growth story of our country is strong and intact.

Thus, regularly investing in the Philippine stock market will bring good returns in the long term. It may not be as exciting as following a hot stock tip, but as George Soros says, good investing is boring.

Sincerely,

Edward K. Lee
Founder & Chairman of COL Financial
It’s good to receive emails like this from time to time. Reminders such as this won’t hurt.
I have consistently funneled some amounts in my account for the last 2 years. Unfortunately, I may have to review my allocations this year as I just reallocated some funds for something else so I need to recoup that amount. Let’s see how it goes.

Financial Goals for 2016: Year End Review

Aannddd reality check for these 2016 financial goals too!

Statuses:

  • Completed! – as in done/finished
  • On track – met based on budget file
  • Not yet started – not yet started based on target start date on budget file
  • Quite – met but budget not followed (lesser than what was in my budget file)
  • Not met – target not met based on budget file
  1. Religiously pay SK-LU. 5 months to go! Excited to mark this as completed!
    • Mid: Completed! – Last payment made this month! Ahhhhh, so happy happy!
    • End: N/A
  2. Save 50k for processing of papers for SK-LU. After completing the payment in June, I’ll have the same budget reallocated to this.
    • Mid: Not yet started
    • End: Quite – Just need to save 35K as confirmed by agent. 85% completed.
  3. Religiously pay SK-Silang. 2 years to go.
    • Mid: On track – many more months to go :p
    • End: Completed! – for all payments for 2016. 1 year to go!!!!
  4. Save 50k for lot processing of SK-Bgo.
    • Mid: Quite – too many reallocations
    • End: Not met – saved amount will be used for the completion of the SK.
  5. Save 35k for CR of SK-Bgo
    • Mid: Quite – too many reallocations
    • End: Quite – the saved amount will not be for the CR yet.
  6. Increase EIP allocation to 3k/month
    • Mid: On track – started March 2016
    • End: On track
  7. Increase MF to 20k (carry over from previous years)
    • Mid: Quite – still catching up with the savings but haven’t made any deposits to FAMI yet
    • End: Not met – Reallocated budget for nieces, plus, I’ll stop my FAMI contributions for now.
  8. Add 20k-30k to COL
    • Mid: On track
    • End: Quite – 2K deficit to 20K. Was not able to increase this but I opened another investment account instead.
  9. Save 80k for Project BD (new in my budget file)
    • Mid: On track
    • End: Completed! – and even exceeded by a few thousands hehehe
  10. Religiously save 3k/month for niece’s tuition
    • Mid: On track – I can’t wait for her to graduate hahaha!
    • End: On track – Crossing my fingers that she’ll finish her studies on time.
  11. Set aside a Tulong fund
    • Mid: Quite – too many reallocations
    • End: Not met – I decided in the end to not allocate for this on a regular basis due to other allocations. I just check which ones to sacrifice if I need to shell out for items not in my budget.
  12. Continue saving for an international travel
  13. Set aside 10k for December 2016
    • Mid: Quite – too many reallocations
    • End: Completed! – met this, and allocated some more, hence the Tagaytay trip
Summary:
7/13 – On track/Completed
3/13 – Not met
3/13 – Quite
Ok, happy to see that I was able to meet most of my financial goals. Those that were not met were because I had to re-prioritize and reallocate them to other things.
Praying for wisdom to better manage my financial blessings in 2017.

2016 Week 49 Recap: Hello December!

November 28-December 4, 2016

December na talaga! Talagang-talaga! Sobrang bilis naman ng panahon.

I was on offset on November 28-29 so I was still in Baguio those days.

On Monday, after my nieces’ classes, they came to my home so I took that opportunity for us to discuss the 3 basic laws of money from the book The Retelling of the Richest Man in Babylon by Rose Fres-Fausto (1. Pay yourself first.; 2. Get only into business you understand. Seek advice only from competent people.; 3. Make your gold work for you. Make an army of golden slaves before you buy luxury.). I tried to explain it to them in the simplest way I can. I’m not sure if they were able to grasp it all but hopefully, even just a few things. We’ll have another session maybe during December break to review.

My niece also showed me her certificates. Kaya pala nya ako pinapatawag ng Friday evening last week. Gusto raw nyang ibalita about this. Aba, bibo! Hehehe. Proud tita here but di ko masyadong pinapakita sa kanya kasi baka maging feeling entitled hahaha.

joycecert1sm

1st Quarter

joycecert2sm

2nd Quarter

I traveled back to Manila on Tuesday night, after spending a few hours with the BF.

Wednesday was a holiday so still no work, yey! I needed to buy some stuff so I forced myself to go to the mall early evening. The things I needed were not in Megamall though so I went to Trinoma to complete my errand hehe. Yehey to extended mall hours! Hehehe.

Weekend

Saturday was for domestic chores.

My friend and I met on Sunday to have lunch at Kettle! Finally, we were able to have seats this time! E kasi naman 11AM pa lang nandon na kami hehehe. The food was great. We loved the chicken and the potato strips and especially the dip. However, it would have been best if we ordered some soup to to balance out all the fried food we had hehe.

Sarap! Di kami gutom

Sarap! Di kami gutom :p

We went to Greenhills after because according to my friend, she saw a dupe of the Missha hand cream. Years ago, she gifted me with a Missha hand cream and I loved it that I have been looking for it all over the place to no avail. Then she said she saw a Korean shop in Greenhills that sells hand creams with almost similar formulation of the Missha hand cream. Well, it is, but the Missha is still better hehe.

Heard mass in Greenhills too, then headed home after to rest some more.

Have a great week ahead. Or a great weekend bilang Friday na uli bukas! Hahaha!

2016 Week 48 Recap: Baguio Errands and a Celebration

November 21 – 27, 2016

Weekend

I went home to Baguio for some errands and a family affair. I arrived Saturday noon and diretso na sa errands. Ang ginaw-ginaw na dito! Nanunuot sa buto. Tapos maulan pa nung Saturday!

Remember my niece who likes SM? We made the first step last Saturday. I opened a regular savings account for her and for her sister. While I have the option to open a Junior saver’s account for the kid, I opted for a regular savings account kasi pag narealize nyang mas maliit yung amount sa kanya, maraming tanong uli yun hahaha. So pareho na lang agad-agad. I diverted some of my investment funds just so we could open their accounts. I told them that I just lent them what they used so that they could start saving in the bank directly.

Di na pala nagbibigay ng ID picture. Sila na kukuha ng picture via their web cam.

They will claim their ATMs next Saturday. Sana matandaan nila lahat ng binilin ko sa kanila about PIN and keeping their ATMs in a safe place.

I also told them that I will give 50% of whatever they save out of their allowance from today until December 31. They must have deposit slips as proof. I’ll add more savings opportunities for them next year. Let’s see how this deal will work first.

joycesig

I told her to write her complete name in cursive. Kaso nawalan ng space ang family name. So yan na ang first official signature nya hahaha! I told her we’ll just update when she’s older.

After the bank, we went to UNeed Lumber’s showroom to look for what else? Toilet bowls and seats hahaha! Na-excite ako nung may nakita akong Toto na brand. Bet na bet ko kasi yung mga CR fixtures sa Japan. So syempre nagtanong ako if meron sila nung parang ganon, or kung wala man, pwede bang isabay nila sa ibang orders nila kahit maghihintay ako. Naloka ako sa quote na binigay nila. 200K-300K daw yung ganong model! Susko. Parang di ako makapaniwala hahaha. Makapaghanap nga ng iba pa.

nieces1

Sabog ako dahil walang pahinga pero bakit parang mas sabog yung bata?! Dahil ata sa bagong bangs na parang ayaw pa rin nya until now hahaha!

On Sunday, we attended mass and after that, went to my brother’s family’s place to celebrate my nephew’s 3rd birthday. His actual birthday is November 28. He was the first in the family to arrive after we lost our mother in 2013. Di na nya naabutan ang lola nya, pero ang lola nya dati, excited na excited ibalita sa akin na buntis noon yung hipag ko kahit sinabihan syang secret muna daw. Di nya nakayang isikreto sa tuwa hahaha! Medyo more than a year din kasi silang nagtry eh bago mabuntis hipag ko.

It’s a simple salo-salo but still a blast spending even just a few hours with family and friends.

Happy birthday, Gysher!

Happy birthday, Gysher!

I also advised my eldest sister to become an SSS member. Oo naman daw. Hopefully she gets approved kahit sa minimum amount lang. Para naman may pension sya pag 60 na sya.

Credit Card

I am back to 2 credit cards (from 3). Standard Chartered bank transferred some of its services (or maybe all PH services) to East West bank starting November 26, 2016. Since I recently got approved with a Citi Rewards card, I did not renew with East West bank anymore. No more confusing decisions as to which card to use. More peace of mind.

Have a great week ahead.

P.S. Dear sahod, wer na u? Hahaha!

P.P.S. I need a car in Baguio. Ang tagal ng mga biyahe sa amin susko! At ang dami mo pang kasiksikan sa jeep.

2016 Week 47 Recap: Nothing Much

November 14 – 20, 2016

Work

The project is moving along just fine, thank God. I hope there are no more bumps moving forward.

The boss asked me to join her in one of the meetings. I’ll have a new project by next year. Not sure yet if we start with the works this year but hopefully, next year na hehe.

Ubusan ng budget since the year is about to end. San kaya kami pupulutin sa team building? Hehe.

Hirap maging creative sa Kris Kringle so ayun, pinapanindigan ko na lang ang hindi ko pagka-creative hahaha.

Last Monday, the theme was sweet and soft. Yung isang teammate namin, white sugar at cotton balls. Wais di ba? Palakpakan kami! Hahaha. Ako? Ayun, sakto kasi may nabili akong marshmallows sa S&R the week before. Para dapat sa kids pero dahil swak sa sweet and soft, yun na lang binigay ko. Tapos marshmallows din naman natanggap ko hahaha. Karamihan puro marshmallows!

Weekend

Aside from some domestic chores and then bumming, a friend and I went to S&R on Sunday to check out what’s new/what’s on sale this week. We bought a Palmolive dishwashing liquid since buy 1, take 1 so lalabas na Php 135 na lang for an almost 800 ml bottle. Pwede na.

We went to Shang after to window shop and kill time. Mga walang magawa hahaha.

I attended the very last mass na kasi late akong nagising nung morning hehehe. Kahit yung last morning mass ng 11:15 AM, di ko na maaabutan. Ganon ka-late hihi. And yesterday was the last Sunday of the liturgical year. Next week, Advent na. Di nga? Ganon kabilis? My takeaway from the mass: WWJD – What would Jesus do? Every time daw we have problems or decisions, we can always ask WWJD? Tumpak naman.

I also had a home service massage at night. Swerteng may available silang therapist. Ginhawa after. Pero ewan ko ba kung bakit imbes na makatulog ako ng maaga, inabot ako ng umaga bago makatulog! Kaloka.

Others

Last Friday pala, the Uber surge was so high so I decided to drop by my branch of account to pick up some EIP COPs. Akalain mong 3 ang nakuha ko for my niece and 2 lang sa akin? Hehehe. But I’m happy that she is religiously allocating for her investment accounts. At sana hindi sya pumalya talaga kasi sayang naman ang opportunity to start investing while she’s young.

I am contemplating on a new project. Ate ko naman ang i-coconvince kong mag-open ng SSS nya kahit voluntary lang at kahit yung lowest amount lang para naman may pension sya kahit konti lang pag senior citizen na sya. She’s already 49 years old. I already asked my niece to check if she can spare kahit Php 110/month lang. Sana pumayag silang 2 hehehe.

My MERALCO consumption is still below 100 kwh last billing so less than 700 lang uli ang bill ko! So now, I’m more convinced that the TV is the culprit. I seldom watched TV the past month. Siguro wala pang 10 hours total. Old model na kasi yung TV ko. Di pa nga sya LCD eh so hindi pa uso dati yung mga energy saver eklat. At syempre wala naamn akong balak pang palitan. Hinihintay ko kasing maging mura na yung mga curved models na uso ngayon hahahaha. Inaawitan na actually ng kapatid kong iuwi ko na raw sa Baguio. Minsan gusto ko na pero most of the time ayaw ko pa hahaha!

Lastly, I want a repeat of our holidays last year when my nieces, cousins, tito, and tita visited Tagaytay. Ang saya-saya kasi non. So tipid-tipid pa more para may pandagdag sa December 2016 budget hehehe. Gusto ko kasama ate ko. Sinabihan ko na yung pamangkin ko na bigyan sya ng pamasahe. Christmas gift na nya sa nanay nya hehehe. Sana matuloy. We’ll see.

moa-12-28-2015

Ok, have a great week ahead.

P.S. Ang hirap mag-isip ng title  😛  😀 !

Related Posts Plugin for WordPress, Blogger...
1 2 3 5