Saturday, September 24, 2016

Remember Me If You Win the Lotto

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I know I can’t stop people from betting on lottery, and I won’t belabor you with how small the odds of winning are (like you’re more likely to get struck by lightning than win the lotto). But still hardworking Pinoys decide to part some of their hard-earned money with the hope that Lady Luck or Divine Intervention will smile on them someday. Work hard, pray harder.

As to why Pinoys do this, here’s my old article about it (mindset that it is simple and easier to understand than “investments” which are “only for the rich”, smaller amounts needed, bigger gains, doesn't care about the very small odds). Or maybe just a force of habit.

Friday, September 16, 2016

Bucket List: Fully Paid First Home Loan

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My first home loan because there will be some more in the future. In God's time.

Just want to share the good news. Fully paid my first home loan this week. Got it in 2010, originally for 15 years tenor, done in 6 years. It’s just a humble abode though so loan amount is not too big to begin with. Part of the plan. Still, happy graduation! Thank you Lord!

Shared previously 2 articles on partial prepayment (view first one here, second one here). Did a third advance payment, this time to fully pay the outstanding balance and pre-terminate the home loan. Not because I am rich like that (I had lots of blessings and assistance), but because (1) it made sense from my overall cash management and medium-term cash flow perspective, (2) I wanted to save as much interest expense as possible, (3) another home loan is coming before year-end, this time for Grace.

Thursday, September 15, 2016

Good Read: The Everything Store: Jeff Bezos and the Age of Amazon, by Brad Stone

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We love reading from successful businessmen and visionaries. We want to learn how they did it, though we don't always agree with their methodologies and values. Here's another good read.
Bay-zohs,”, not “Bee-zos.” Jeff is actually using his step-dad’s surname, and not that of his estranged biological father. He had a great mother who made sure that her gifted son will grow up to his potential, and beyond. With Steve Jobs being adopted and Jeff growing up with a step-father, is there something with these kids who grow up in a different familial set-up? Are they out to prove themselves? Or we’re just assuming too much?

Tuesday, September 13, 2016

When to Sell Your Stocks? (Part 3)

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(Third of 3 parts. Here's part 1, and part 2).

In this 3-part series, we outlined some triggers for you on when to sell your stocks (whether gain or loss). Caveat emptor. You alone manage your money, you alone know what's your investment OHA, so at the end of the day, you'll decide when to sell. Remember as well that fear of missing out (FOMO) is generally stronger than fear of loss, but if we are to be rational about it, we should in fact make not losing money our primary focus, instead of chasing gains.


i want to be financially free

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