Wednesday, August 24, 2016

When to Sell Your Stocks? (Part 2)

(Second of 3 parts, see first part here)

Below is the second part of our 3-part series on when to sell your stocks. As they say, selecting a stock to buy is relatively easier than deciding when to sell it. Hopefully, this series of tips can help you improve your own trading plan (which means you should have your own!). As always, caveat emptor.

Sunday, August 21, 2016

Build Wealth the Smart Way

Press Release
23Aug2016 Update: Got an email from COL Financial (and a call from organizers) that Manila session has been moved to Sept. 3 (Saturday), and venue to SM Aura. See you there!

The Philippines’ most trusted online stockbroker, COL Financial, and the largest Filipino conglomerate, SM Investments Corporation, will be sharing their secrets to investing success in this month’s “SMart Investing – COL’s 2016 Wealth Building Summit for the Filipino Investor.”

By joining this free summit, Filipinos can increase their financial literacy and find out what it takes to invest your way into financial security and independence.

Friday, August 19, 2016

Ask Geri: Housing Loan, Expired Letter of Guarantee and Penalties from Developer

Hi Geri,

I would like to inquire regarding the penalties/interest the developer charged me with regards to the house and lot I purchased from them. I already have a bank loan approval and the bank already sent the bank guarantee to the developer (renewed 3 times) but the developer failed to provide the TCT to my bank since they have pending matters on their side.

They asked me to change to another bank (one of their accredited banks), telling me that their accredited bank can release the loan proceeds even without the TCT (i.e. TCT to follow is acceptable to their accredited bank). I did transfer to their accredited bank, and the bank already released the money to them but I have an amount due because of the interest incurred during the time of non-payment of my loan (this is the time that my initial bank is waiting for the TCT from them). I asked for waiver for all the interest, but they only waived 40% and asked me to pay the rest.

Is this fair to me? I believe that if they have provided the TCT upon my first bank loan approval, then no interest would have been charged to me. Please advise. Thanks.

- DT9, via Ask Geri

Ask Geri: Can I Partially Prepay My Home Loan? Restructure?

Dear Geri,

I am glad that there is a website which helps Filipinos with their financial life. I have questions with regards to bank financing for real estateI purchased a condo from one developer. My payment terms is 20% DP for 36 months and 80% bank financing.

I would like to ask regarding bank payment terms, on which they have 5 years, 10, years and 15 years. My question is if I choose 15 years loan tenor for bank financing, and then I have money on the 5th year and I want to pay in cash, is this possible, or can I pay in advance without penalty? If yes, do you know which banks offer this?

In in another case, if I have problem with my payment terms can I change the payment terms in the middle of payment period. Meaning do banks offer flexibility in payment?

Please continue your website, this would be a great help not only to me but to everyone.

- DM, via email

i want to be financially free