Welcome to the top twenty something index issues of the PSEi that have big market capitalization, plus some banks and financial big caps as well
Some Basic Information:
80% of all domestic arguments start as a result of income problems (no enough income).
A great majority of divorces start over income problems.
Most personal bankruptcies could be avoided with just another $400 per month in income.
80% of people "hate" their job
On average people change jobs about 9 times between age 19 and 30 (why?)
Most people change "careers" about 4 times in their work life (why?)
Over 1.4 million jobs were "lost" during 2001
This may sound strange but there are only two problems with money:
Having to little
Having to much
Some people say money makes people "bad." My experience (and others) is that money will tend to make you more of what you already are. For example, if you are greedy and inconsiderate then more money will tend to amplify those traits. However, if you are kind and generous then more money will tend to amplify those values.
Many people recognize that money is just a tool. You can do good with it or you can do bad. The choice is made by the person not the money. However, if you don't have money you don't have any real choices.
An interesting read:
Bullish on next generation Pinoys
DEMAND AND SUPPLY By BOO CHANCO
A major international investment bank is bullish on the next generation Pinoys. “A strong progressive force is emerging in the Philippines,” CLSA Asia Pacific Markets leads off its country report, “spurred on by a maturing electorate, new political talent, an educated workforce backed by returning expatriates, committed and forward-thinking company executives and a consumer base less tolerant of mediocrity.”
The Philippine Star
A major international investment bank is bullish on the next generation Pinoys. "A strong progressive force is emerging in the Philippines," CLSA Asia Pacific Markets leads off its country report, "spurred on by a maturing electorate, new political talent, an educated workforce backed by returning expatriates, committed and forward-thinking company executives and a consumer base less tolerant of mediocrity."
The Filipino people, CLSA strongly asserts, is the country’s solid fundamental foundation, " but strong political leadership is needed to trigger any lasting stability and economic growth." And for those of us who are wondering if we will see a Philippines we can be proud of within our lifetimes, CLSA predicts "the tipping point will take place in the next five to 10 years."
The next generation Filipino, CLSA observes, is evolving "from the changing character of Philippine politicians, to the deepening talent pool of managers in the corporate sector and finally to the developing Filipino worker — local and overseas." The next generation Filipino "epitomizes the quality of people required if the country is to move forward," CLSA observes.
CLSA sees the truly global Filipino emerging in the next 10 years: a people who are more international in perspective, tolerant of different cultures, more open-minded, driven and results-oriented, more technology savvy, more tolerant of change, multi-culturally exposed and more sophisticated, knowledgeable and demanding workforce, consumers and managers.
As for the prevailing chaos in our streets and country in general, CLSA points out "there are plenty of examples illustrating that Filipinos can unify, follow and succeed. Filipinos overseas, whether permanent residents, professionals or working visas or OFWs, have shown they can be led, can follow laws when these are enforced fairly, and have the creative talent to do well and shine."
There are, as we might expect, problems along the way towards this dawning of a new era. The principal obstacle the CLSA report singled out is today’s Pinoy politician. " Political leaders today are hardly the role models they ought to be," CLSA laments.
But we shouldn’t despair because CLSA thinks "the cascade effect of free-flowing information, an active and aggressive media, growing exposure to work and life overseas and indirect exposure to the world through call centers" should help the new generation overcome the scourge of traditional politicians on our lives." Overall, CLSA insists, "we are encouraged by what we see."
And CLSA thinks it is all starting to unfold. In case we have not noticed, the average Filipino has shifted gear, the investment bank observes. And proof of this emerging change for the better, CLSA points out, is the mid-term 2007 elections that "show incipient political maturity." More specifically, the bank cites "the electoral defeat of public figures like Cesar Montano and Richard Gomez – movie actors – and Manny Pacquiao, a world famous boxer, seems to evince a more enlightened electorate."
CLSA’s country report puts a lot of importance on 2010. "In many respects, 2010 is important for the Philippines political future… the 2010 elections will be a good start." CLSA is hopeful about the names being mentioned as potential successor to Ate Glue.
Quezon City Mayor Sonny Belmonte is the only local government official, and the oldest, mentioned in CLSA’s short list which includes Chiz Escudero, Dick Gordon, Loren Legarda, Manny Pangilinan, Manny Villar, Mar Roxas, Noli de Castro and Ping Lacson.
CLSA doesn’t think Ate Glue will be an important factor in 2010. "We would be surprised if Arroyo officially names a preferred candidate for 2010. Nor would we expect her endorsement to be aggressively sought. The experience of many candidates in 2007 – from senators to local government level leaders – speaks volumes regarding the effect of being too closely associated with the president. Ralph Recto’s in his re-election bid, Prospero Pichay and Mike Defensor all paid dearly with embarrassing losses."
Interestingly, the report felt the Senate damaged the promising top leadership prospects of former Sen. Juan Flavier and Sen. Dick Gordon. Praising Flavier as an effective Health Secretary, CLSA thought "his stint in the Senate had been less than stellar."
As for Gordon, the report noted that he "was believed to be a strong presidential material as early as 1992. His claim to fame was his work to turnaround Subic Base after Mount Pinatubo’s eruption… his stint as tourism secretary was equally spectacular… He was an energetic, combative administrator who delivered results… But in the Senate, he has failed to inspire because of ‘his way or the highway’ brand of management."
If the CLSA report was downbeat on the quality of the current political leadership, it was upbeat on the quality of private sector leadership. "Filipinos have always suffered from the absence of good role models at the top levels of government," the report observes. But, "the business sector has no such gap."
CLSA predicts a positive generational change in the Philippine business world. Even if the next generation has pretty big shoes to fill, "all of them are well prepared." Among the next generation business leaders cited were Jaime Augusto Zobel de Ayala, Lance Gokongwei, Miguel Aboitiz and Tessie Sy-Coson.
Most encouraging is how these young taipans view their responsibilities: "Our key responsibility is to manage our businesses well, provide stable and secure jobs, invest in the local economy and make a positive influence as we grow our business." According to the CLSA report, it is the view of these new generation taipans that "giving back is not done just simply through charitable work or corporate social responsibility programs, but built into the way the companies are structured and run."
I don’t know about you folks, but this CLSA report really made my day. It gave me hope that despite everything we see around us today, the future is going to be brighter and we may yet see all these good things happen within our lifetimes. CLSA echoed many of the points I have raised in this column, notably my feeling that the OFW phenomenon will eventually result in a much improved electorate. All those OFWs have seen how things work in other lands and will want the same kind of governance at home.
Oh… if we can just fast forward these last three years of Ate Glue so we can get started with this bright new world for us…. Then again… we are known for shooting ourselves in the foot just when the promise of good things are about to happen. We have to remain focused and of course, we have to pray hard that CLSA has, what we would say in Tagalog… may dilang anghel or an angel’s tongue whose predictions of a great future for us will surely come true.
Foreign Official Reserves Now Over US$6.4 Trillion
http://www.morganstanley.com/views/gef/ ... anchor6040
These blues have fallen so much from their peaks and are really attractive right now from that point of view only. Since i know little of fundamental valuation, i simply made a list of blues to avoid buying until they reach their bearish technical TPs.
just a comment on the taxation issue. i believe what the others said are right. The only thing needed to be declared are the dividends paid to stockholders. And since its mostly an insignificant amount, hehe, ibulsa mo na hahaha. Unless you're one of the major stockholders of a multinational company (na maganda mag-dividend).
mga bossing, just a question. Is it possible to make 25% return per annum for 5 to 10 years in the equities market? and if it is so, do you know of anyone who has been able to do so?
i know warren buffet was able to do so, but at least here in the philippines, do you know of anyone who was able to accomplish such a feat? because i think we would learn so much from such a person.
personally, my performance is just lagging the market index's performance by a slim margin since the start of 2002, and i find it frustrating to hear that some money managers are able to make substantial gains (even amidst the financial crisis). makes me wonder if i should just go with a mutual fund or something.
my personal goal actually is to just make 10% annual returns from funds invested in the equities market over the long run (just to be ahead of inflation by about 4-5%). so mga bossing, if you know of someone who makes returns above 15%, maybe we readers here should hear about the person?
thanks po mga bossing
"my personal goal actually is to just make 10% annual returns from funds invested in the equities market over the long run (just to be ahead of inflation by about 4-5%). so mga bossing, if you know of someone who makes returns above 15%, maybe we readers here should hear about the person? "
No, RETURN must correspond to RISK. The stock market is a risky place, relative to fixed-income investments and many other types of investments (an apartment that is rented out, for instance). Many specific stocks are EXTREMELY risky (high standard deviation around their means, or high volatility in relation to the volatility of the stock market as a whole ). Are you familiar with the concept of the "Beta" of a stock?
Of course there are people making more than 15% per year. Many. Otherwise, everybody would keep their money in say, 8% after-tax bonds of major corporations, or in apartments that they rent out, etc..
hi emerging, why look for someone who did it locally when you've already heard of Buffett and perhaps his teacher Graham? And as far as lessons are concerned, value investing, the method these people teach, is already very well known and have resources that are easily available. Try reading 'The Intelligent Investor' and 'Security Analysis' by Ben Graham. In my personal experience, these books (plus Level 1 CFA materials) have helped me a lot in my stock investing.
Hope this helps.
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