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Jan 22, 2021

Worth Sharing: Injap Sia on Building Businesses That Last


Injap Sia, 39, Founder of Mang Inasal; currently Co-Chairman and CEO of DoubleDragon Properties, and the youngest billionaire in the Philippines' Forbes 50 Richest List.

Making a fair decision isn’t always the easiest thing, but looking back at my journey in Mang Inasal, I see how the business became stronger and stronger through making fair decisions. Whatever difficult decisions I had to make were made more difficult because they also had to be fair, but they paid off over time.

Conducting fair business opened up other doors of opportunities for me. For example, the business I am in now, DoubleDragon, evolves with the same people [who I did business with in Mang Inasal]. This partnership was made possible because we’d been fair to one another since early on.

Courage is when you are able to make difficult decisions, and pursue those decisions even when they’re not initially perceived by other people as the correct decision.

I think majority of people base their judgments on the superficial. If you go a notch lower, deeper, you see a different picture. I think that’s the key, and I still practice that in everything—in the way you assess the industry, the way you assess the business opportunities, the way you assess anything. I always make it a point to look beyond what you see from the outside. I have noticed that most people base their decisions only from what is indicated on the business dashboard. But you will have greater advantage if you base your decisions before it even reaches the dashboard.

Building a business that will outlast my lifetime is the worthwhile pursuit. I’m not into building something short-term. Sure, I may make money out of a fad, but I’m not really too keen on that. I think Mang Inasal is well-designed and well-executed, and it was built to outlast me.

I have to remind myself from time to time that my business endeavors should uplift everyone involved—that’s always the intention.

Putting up a business in the beginning is more art than science. You cannot rely on a template for it. Later on, when the business is more established, it becomes more science than art.

I consider myself a risk-taker. But I think there’s also a defensive side to taking risks, which is very important. There’s a very thin line between being aggressive and being purely reckless; I’m aggressive, but not reckless.

I go full throttle most times, but I don’t go beyond the limits. Though every situation is different, and so your limits vary, too. It’s like driving: The speed limit is different whether you’re driving on a small road or a highway, or whether you’re going straight in clear weather, or turning during rain. You have to adjust your limits to the factors around that specific circumstance.

You get first-degree burns at around 100 degrees Fahrenheit. Most people might take their hands away at the first sign of heat, but if you know that your limit is 100 degrees, you can tolerate up to 99 degrees. In the same way, you have to anticipate difficulties, so you know how far you can push yourself safely.

I think success is a series of correct decisions. Every decision that’s made today was made because you thought it was right today; and, as a leader and a business founder, that’s your job—to keep making decisions all day.

For ten decisions you make, maybe seven will be perceived as immediately correct. While others may not perceive the other three decisions as right, however, if you’re blessed, it will turn out correct in the long run. And that blessing comes about as a combination of instinct and guidance.

I think I had the confidence to compete locally [in the province]; but it was different thing to compete with [businesses in] the larger, more sophisticated, the more organized and crowded cities like Metro Manila. Most probinsyanos like me don’t have the confidence for that—parang given na that you have less experience, you have less capability. Like in my case—I think I’d only been to Manila less than five times when I was expanding Mang Inasal—so it was like going to the Olympics after coming from a town sports league.

Over time I have come to realize that being a probinsyano became an advantage—I discovered that when you are able to quickly learn the complex business ways in the big city and then mix those learnings with what you have naturally learned in the streets in the province, it will result in better decision and direction. I think if I had a different and more comfortable background, the decisions I have made over the past ten years would have been different.

I am thankful for all the experiences I’ve had—from my childhood years growing up seeing our parents build their grocery store brick by brick, my high school years of commuting by public jeepney every day, eating in the carinderias, and traveling to visit almost all the provincial cities in the Philippines. These all gave me a good foundation that I am able to make use of in my daily grind.

When a person starts to think that all his success comes because he’s so good, he’s already off-track. I always remind myself that I’m here for a mission, and it keeps me grounded. I have to keep checking with myself, is this aligned with why I was given these blessings? Am I on track with my mission in life?

Up to a certain level, money makes your life more comfortable. Only up to a certain level. After that, you don’t feel a significant difference anymore especially if you have set your personal contentment level low. But I still continue to work, no longer for myself but for a greater purpose.

My first million made me more conservative. Earning that first million was so difficult, that when I finally had it, I knew I had to take care of it because I have poured in so much sacrifice and hard work for it.

Making my first billion put my character to test. In 2010—I was 33 at the time—Jollibee bought Mang Inasal for P3 billion for a 70 percent stake. Having that sum of money in front of you, at 33, can make or break you. It’s an acid test of your personality, your character, your sense of self. I thank the values that our parents have instilled in us, their children, that made me able to stay whole and grounded.

I knew I did okay because I didn’t squander that money. Money, fame, and fortune needs to be managed properly—I don’t know the statistics, but I noticed that most people, like Hollywood personalities, cannot preserve their wealth for a long period of time. I think a person needs a good solid value foundation built up over time to handle that special situation properly.

The best way to handle wealth is to pour your heart and soul into making it. Knowing the kind of sacrifice it takes to make money is the best foundation to help you handle wealth. If you built something brick by brick, drop of sweat by drop of sweat, over a long period of time, you’ll naturally take care of it.

The first luxury I bought myself was a Rolex. It was considered as a sign of achievement then. I bought my first and only Rolex in 2004; a few months later, I bought one for my father, my mother, my wife, my brother, my sister. I still keep mine, although I seldom wear a watch now.

For many years I have always tried to give value and importance to family. At the end of the day, your family is your core. It keeps you whole, which is necessary as you navigate your life journey. Every member of the family has a role to play, it’s like a big basketball team.

Originally Posted and Published by: Esquiremag

Jan 15, 2021

SEC warns against Masa Mart investment schemes


THE Securities and Exchange Commission (SEC) has advised the public not to invest or stop investing in any scheme offered by Masa Mart Business Center after it has solicited investments without proper registration.

In an advisory posted on its website, the SEC said Masa Mart and its other entities such as Masa Mart Business Center OPC and Masa Mart Enterprise OPC are not authorized to solicit investments since they have not secured the necessary approval from the government.

The corporate regulator said Masa Mart and its entities have registrations with the SEC and the Department of Trade and Industry (DTI) as a one-person corporation, but need a different license to solicit investments.

“Such registrations merely grant juridical personalities to the entities but do not authorize them to issue, sell or offer for sale securities to the public nor undertake business activities requiring a secondary license from the commission,” the SEC said.

The SEC said it issued an advisory in April 2020, which also warned the public from investing in TBCMMP Masa Mart, Inc., due to its unauthorized subscription and gains program.

However, the commission said it had found out that Masa Mart Business Center and its related entities have implemented the same scheme and offers almost the same compensation plan as TBCMMP.

“Under this program, a member may invest for as low as P1,250 up to P500 million and promises, depending on the selected lock-in period (i.e., 3 months, 6 months, and 1 year), a return ranging from P2,746 up to P11.65 billion, respectively,” the SEC said.

“Similar to the TBCMMP scheme, a subscription entitles the investor to a ‘gain’ ranging from 30% monthly up to 2,561.81% per annum,” it added.

Further, the SEC said Masa Mart Business Center and its related entities also offer cryptocurrency, namely: the United Masa Coin or the XUM Coin. It is promoted via a software-controlled application called UmcUSDTbot.

However, the commission said Masa Mart and its related entities do not appear among the registered banks, exchanges or companies engaged in digital assets with the Bangko Sentral ng Pilipinas.

“Both United Masa Coin and XUM are also not included among the list of the generally accepted virtual currencies posted on the World Coin Index and Coin Market Cap websites,” the SEC said.

“It appears that no open exchanges allow the trading of United Masa Coin and XUM, so Masa Mart seemingly manages its own digital exchange platform contrary to the law,” it added.

Other programs offered by Masa Mart include the “P5,888 combo package,” where the investment gains P20,000 after six months, and a rollover program that promises an income of P100,000 to P12 million after two years.

According to the SEC, persons who invite or recruit members to join or invest in Masa Mart’s venture may be criminally charged in violation of Republic Act No. 8799 or the Securities Regulation Code, and can face penalties such as a fine of up to P5 million, a 21-year imprisonment, or both.

BusinessWorld sought the side of Masa Mart Business Center, which has not given a comment as of deadline time. — Revin Mikhael D. Ochave

Source: Business World SEC

Dec 14, 2020

Why the stock market could break 8,000 next year

Dragon and Lion dancers perform during the opening of trading at the new Philippine Stock Exchange headquarters in Taguig City on Feb. 19. — KJ ROSALES/PHILIPPINE STAR

The local stock barometer may return to the 8,000 level in the coming year as corporate earnings rebound sharply with the further reopening of the domestic economy alongside a sustained dovish monetary policy setting, according to an investment expert from Sun Life.

At a press briefing last week, Sun Life of Canada Philippines chief investments officer Michael Gerard Enriquez said corporate earnings in the coming year could rebound by 45 percent, led by the consumer discretionary, real estate and industrial sectors.

From January to September this year, the 30-member Philippine Stock Exchange index (PSEi) suffered an average earnings decline of 38 percent. Three index companies turned unprofitable, while four managed to defy the downturn.

Sun Life’s PSEi target of 8,000 is based on a “bottoms-up” approach, or the projected valuation of individual companies in the basket.

“Definitely, there’s a lot of room for a huge recovery for next year, although from where it is at the moment, 7,200 to 8,000 is still a very attractive gain for the index,” Enriquez said.

After breaking into the 7,000 level in recent weeks due to favorable news on COVID-19 vaccine developments, Enriquez said the next resistance would be the 2019 base of 7,500.

He said the PSEi was currently at overbought levels and thus, a healthy correction would be possible in the near term.

Looking at the coming year, Enriquez said the local equity market would continue to benefit from a low interest rate environment. He believes after slashing policy rates by a total of 200 basis points this year, the Bangko Sentral ng Pilipinas (BSP) might do another cut.

As such, equities would outperform bonds as an asset class next year as investors chase better yields, he said.

Based on the index target of 8,000 and the earnings growth forecast of 45 percent, Sun Life expects investors to be willing to pay 20 times the kind of money they expect to make. Given that the market had traded at an even higher premium in the past, Enriquez said this price to earnings ratio would be justifiable.

In the last 15 years, however, Philippine stocks have traded at an average of only 15 times the projected earnings.

If earnings growth would make a surprise on the upside, Enriquez said the PSEi could even perform better.

Consumer discretionary stocks could post an average 167-percent growth in earnings this 2021, Enriquez said, citing key examples like fast food giant Jollibee Foods Corp., integrated gaming resort Bloomberry Resorts and liquor-maker Emperador Inc.

Sun Life expects the property sector to grow earnings by 59 percent this year as the reopening of the economy revives tourism property while business process outsourcing may take up the slack for online gaming operators, according to Enriquez. Another sector that tracks economic cycles, the financial sector, is seen to grow earnings by 27 percent next year.

The communications sector, one of the few pandemic-proof sectors as demand for connectivity rose during the lockdowns, could also continue growing earnings by an average of 24 percent in 2021.

The consumer staple segment, another resilient sector, is expected to sustain an earnings growth of 8.5 percent next year. —DORIS DUMLAO-ABADILLA INQ

Source: Inquirer

Dec 1, 2020

Trading Strategies with Edward Lee

Active na naman ang ating Stock Market... at kasabay nito ang pagiging active ng mga "guru". Mas very safe parin ang marunong magbasa ng chart kesa makinig at umasa sa sinasabi ng iba. 

Natatakot yung ibang mag stock market kasi nalulugi daw, naglalaho ang pera nila. Yan ay kung hindi mo aaralin ang isang bagay at makikinig ka na lang sa sinasabi ng iba. Ganun yun!

Kaya para hindi ka matulad sa iba, unti-unti mo aralin at alamin ito.

Watch these videos to learn more about Trading Strategies with COL Financial Group, Inc. Chairman Edward Lee

Trading Strategies with Edward Lee: Passive Investing (Part 1)

Trading Strategies with Edward Lee: Active Investing (Part 2)

Trading Strategies with Edward Lee: Wicked Learning (Part 3)

Trading Strategies with Edward Lee: Types of Trading and Where to Use It (Part 4)

Trading Strategies with Edward Lee: Knowing What You Can Control (Part 5)

Trading Strategies with Edward Lee: Position Sizing (Part 6)

Trading Strategies with Edward Lee: Trend and Momentum (Part 7)

Trading Strategies with Edward Lee: Swing and 1-Day Reversals (Part 8)

Trading Strategies with Edward Lee: Countertrend Trading - Entry (Part 9)

Trading Strategies with Edward Lee: Countertrend Trading - Exit (Part 10)

Trading Strategies with Edward Lee: Reversal (Part 11)

Trading Strategies with Edward Lee: Trading Team and Concluding Words (Part 12)

Nov 9, 2020

SEC flags investment scheme of Coinmax.ph

THE Securities and Exchange Commission (SEC) has warned the public against investing in a group named Coinmax.ph, which adds to the agency’s growing list of entities operating investment schemes without regulatory clearance.

In an advisory on its website, the corporate regulator said Coinmax.ph is not registered with the SEC and is not authorized to solicit investments from the public as it has no license to do so.

Showing screenshots of the company’s social media posts, the SEC said it found that there are individuals or groups claiming to be from Coinmax.ph and trying to entice the public to participate in its investment schemes.

“The public is advised not to invest or stop investing in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of Coinmax.ph and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it,” it said.

Based on its investigation, the SEC found that the group is offering passive earnings through three types of investment packages. A basic account gives a 90% return in 15-25 days, a gold account a 150% return in 40 days, and a premium account a 150% return in 70 days.

The SEC said this is equivalent to selling securities to the public, which is a regulated activity under the Securities Regulation Code. To authorize it, a company must register the securities with the SEC and obtain a license to sell them.

The activities of Coinmax.ph therefore violates the Securities Regulation Code. The people behind the company — salesmen, brokers, dealers or agents — may be penalized with a maximum P5-million fine, or 21 years of imprisonment, or both. They may also incur criminal liability.

Coinmax.ph, through its head as identified in the SEC advisory, was contacted by BusinessWorld for comment on this story, but was not able to reply as of deadline time.

This week, the SEC will be holding an “Investor Protection Week”, during which it will launch an online learning resource center to combat unauthorized investment schemes with lessons on investing in securities. It will also launch a campaign and hold a webinar and a corporate governance forum.

“Our fight against investment scams is anchored on the public’s awareness and empowerment to spot, avoid and expose investment scams,” SEC Chairperson Emilio B. Aquino said in a statement over the weekend.

“While we remain relentless in unmasking and busting investment scams, we also encourage the public to always check with SEC before entertaining any investment opportunity, especially when they are too good to be true,” he added.

The SEC regularly issues advisories on its website against companies that offer unauthorized investment schemes to the public. It has likewise issued several shutdown orders to some groups since the start of the year: Forsage and Forsage Philippines; Fast Track Worldwide, Inc.; JOCALS688 Beauty and Wellness Products Trading, Inc.; Building Our Success Stories Network, Inc.; CROWD1 Asia Pacific, Inc.; Lion City Finance Group, Inc.; and Payasian Pte. Ltd. Corp.

Source: SEC  Business World

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