How to make it through the tough times
The economy is as stable as a beach whale in a balance beam. It’s another 3 weeks before your next payday and you fear for the global economy, your career, personal finances and what not. What’s a Juan dela Cruz gotta do? Read the rest of this entry »
Everything can be Googled nowadays –we’ll almost. Key in and, indeed, you shall find.
But what if you’re looking for a customized plan to enhance your personal fortune? Surely, you don’t want to bet your chances on “one-size-fits-all” solutions downloadable from the web.
The operative word is “personal.” To find a suitable plan, you must undergo a financial needs analysis where leading questions are asked to arrive at a solution with you in mind. Read the rest of this entry »
Bam Aquino
MANILA, Philippines – Money remains a sensitive topic for Filipinos. Considering the important role it plays in everyday life, ample discussions about its proper use and conservation remain scant. Such uncomfortable silence leads to misconceptions and costly mistakes, often to the detriment of families and individuals.
“It’s time that we talk about our finances and the proper way to plan our future,” declares financial advocate Bam Aquino. Bam is one of the advocates of It’s Time!, an advocacy led by Sun Life Financial Philippines to promote financial responsibility and proper financial planning among Filipinos. Through the advocacy the amiable, bespectacled youth leader and social entrepreneur shares his thoughts on saving, investing, and living within one’s means. Read the rest of this entry »
Investing one’s hard-earned money requires thought, foresight, a long-term perspective and a certain appetite for risk. But given that all these qualities are in place, when, exactly, is the best time to dive into the investment pool? “It’s always a good time to invest,” said Fernando Jose Sison III, chairman of the Investment Company Association of the Philippines.
Before shopping for stocks and bonds, however, Ben P. Panares, chief operating officer of Sun Life Asset Management Company, Inc., suggests setting aside enough money to cover half a year’s worth of committed expenses, in case of a sudden job loss or a personal emergency. Only after fulfilling this exquisite can one embark on hi lifetime investment path.
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A study commissioned by Sun Life Financial-Philippines early this year revealed that among the Filipinos’ top sources of worry is inflation, the persistent increase in consumer prices that consequently weakens ones purchasing power.
Despite this, the study, called SOLAR, (an acronym for Study Of Lifestyles, Attitudes and Relationships) notes that Filipinos still refer to keep their spare cash in savings or time deposit accounts, which offer guarantee liquidity but modest interest earnings. While such investments vehicles are considered safer, they are not enough to beat the rate of inflation in the long run.
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