Thursday, May 11, 2017

Personal Accident and Life Insurance: Beware of COCOLIFE Agents


If ever you see COCOLIFE agents in malls, avoid them like plague. I purchase a personal accident plan today thinking that it is a term plan to be paid for one year only but it turned out it’s payable in 10 years. I clearly asked the agent about this and I was told they will only deduct once from my credit card and it will be my decision if I want to renew it but when I got the time to check all the documents I signed, it turned out the plan is already designed to be auto-renewed yearly. The agent clearly lied to me so now I am filing for a policy cancellation. Good thing, I read articles from the internet about people getting reimbursement when they cancelled within 15 days after they got plans from COCOLIFE.
Here's the letter I created:

 Notice of Cancellation
May 15, 2017
COCOLIFE- Policy Service Department
COCOLIFE Building
6807 Ayala Avenue, Makati City

Subject: Cancellation of GPA Policy

I would like to inform you of my intent to cancel my GPA Policy Number T-11-042 effective today May 15, 2017. Please send me a written confirmation within 30 days that the cancellation has been put into effect. I also request full refund of my initial payment to the policy plan amounting to Two Thousand Pesos (Php 2,000).
I wish to discontinue the policy as it does not meet my expectation. I am no longer interested with the benefits and coverage thereof.
Please consider this request as soon as possible.

Sincerely,
(Name)



Tuesday, May 12, 2015

What to do in a bearish market: Hibernate

These are the things I learned and observed this past weeks.

1. Anything can happen in the stock market. Nothing is for certain. I bought some shares of a blue chip company just before the price plummeted down. Before buying, I felt confident, quite certain that the price will rise. I felt stupid afterwards but then at least I definitely learned something. I made a mistake and so are all successful investors.
2.  When the market is bearish, it's the natural tendency of a beginner to worry about his/her investments especially when all the percentages are in red color. This is exactly how I feel right now because I just opened my portfolio. I definitely need to go back to my reading (now reading James Altucher) to free myself from anxiety. Now I can imagine that people can really get crazy looking at real time charts.


3. Liquidity of a stock cannot be ignored. I was amazed at how the price of MBC has risen over the past weeks. I heard people saying it's due to the Mayweather-Pacquiao fight, which is non-sense. I know someone who tried to join the madness and guess what, he could not buy even a single lot of shares. But what surprised me is that he was willing to throw money buying the stock not even knowing why its price is behaving that way. I was wondering, is the stock market a casino?


4. I'm now considering to trade. Why? Honestly, because I got jealous of the people I know who's making money in day trading. This is most probably not a smart reason to make a decision now so I'll occupy myself with my 50-book-challenge until my emotion can't deceive me and I can make a wise decision.

Friday, April 17, 2015

What happens when the PSEi falls and the market is bleeding

Last April 25, upon checking my portfolio, I was appalled because all of my stocks were in red. Normally, majority are in red but some are in green. I checked the news and apparently, it is because the market was down. I'm not sure what is the root cause but I do know it was a result of large foreign selling.

Upon observation, I noticed that all of my stocks fell but did not exceed 10%. I did not put a trailing stop. I was not planning to sell at all no matter what the market does because I am supposedly a long term investor.
And long term investors are shopping (and happy) when stocks are low. Unfortunately, I do not have funds to buy stocks when they suddenly hit bottom low. People are guessing that the market will remain bearish/ down until May. Well, I hope so. So that by then I can have the funds to buy again. I am planning to reduce my stocks to 3 so that I can concentrate on just 3 companies. It is indeed tiring to follow a lot of stocks/companies.

 
 I was actually planning to sell my Puregold stocks but then I was surprised that it was not affected much by the index fall. It only fell by a few percentage. I should research about why. But most probably, I will sell it once it hit my target price. What concerned me though was that the people who are supposed to be long term investors got into panic selling when the market was falling. And because of that they lost a lot of money. They probably forgot that as long as they parked their money in good companies, they should not worry about the going down because it will eventually go up again. Anyway, as I observe, there's really no logic in the stock market and in the participants. Indeed, it is more of psychology and people's emotion  that motivates them,

Thursday, February 5, 2015

All Set to Invest in the Stock Market!

At first, I thought it will be easy to create an online account with my broker however, it took me some time because of the following reasons:

1. I had to decide on the type of account I will create. I made a joint "OR" account with my sister so that during emergency, she can manage my account. Because of that, I waited for her to provide valid IDs and to sign the application form with me. 

2. I had no billing statement. The customer service provided me with some alternatives.

   1) A valid government issued Id that has an address on it
   2) Copy of your Contract Employment or Certificate of Employment
   3) Any Billing statement under a relatives name as long as it has the same address on what is written on your application form
   4) Any of your latest Bank Statement
   5) Billing Statement under a Landlords name with a Letter of Certification

3. After I completed the requirements and the forms which I printed, I sent scanned copies to the customer service to check whether I missed some things. I opted to send the documents via LBC or any courier so I had to make sure that everything is complete and correct when my documents arrive in  the broker's office.


After a few days, I received a confirmation in my email.


With this account number, I was able to link my investment account to my bank online account (BPI Express Account). That means funding my investment account will just be a few taps away.


If you have any questions, you can comment below.

Sunday, January 11, 2015

50-Book Challenge and My Bucket List for 2015

1. 50-book Challenge!
   1. Disturbing the Universe by Freeman Dyson
      This is a book about the memoir of Freeman Dyson, a physicist and mathematician who worked as a bomb strategist in the second world war. In this book, he tackles ethical issues of technologies such as nuclear bomb and how they should be used to make the world a better place. He was expected to be like Einstein who was a deep thinker but he knew he is not a deep thinker and pursued working on applications of theoretical science in which several projects are discussed in this book. For me, he is genius in his field but instead of being proud of his many achievements, he talked about how he could have done more for society. I learned from this book that even in the scientific community, negotiation and communication skills are also very useful and important so how much more are they useful in business and in the corporate world.

   2. How to make money Trading by Lex Van Dam 
      As I am still starting to learn investing and trading, this book is useful for learning several important market terminologies. Knowing who and what to read regarding the topic of investing and trading is very confusing at first but I was also able to do a reading plan with the help of the outline of this book.
   3.  Stock Investing For Dummies
2. Get a diploma from Instituto de Cervantes

3. Encourage someone to learn a foreign language as well

4. Get new passports for my Grandma and Mom

5. Have a business trip

6. Learn how to drive a car

7. Invest in the stock market

8. Start learning portfolio management 

9. Have a cake business partnership with my cousin

10. Have a online business partnership with my brother

Checkout my power planner for 2015 here.

Saturday, December 20, 2014

Are you interested to invest in the stock market? Here are the list of what I did first

Many people I know are not investing in the stock market. Some may think it is only for the rich and others who have money are afraid of it. But if you have wisdom about it before you do it, the stock market is there to grow your money. I was actually thinking of investing in the stock market years ago but it's only now that I am really into doing it. Here are the sequences of my preparation.

1. I started  by reading about investing. I first heard and read about investing in the stock market from I'm not really sure when and where but when I learned that it is where you can grow money, I researched and read books about the topic. The books I first read were Rich Dad's Guide to Investing by Robert Kiyosaki and a book called How to Invest in the Stock Market by I forgot the author and of course several books by Warren Buffet. My book bucket list is still many. Now, I am reading Stock Investing for Dummies.

2. I chose a broker which is based on a recommendation of my millionaire friend. I did my own research and I even attended and visited the office of the broker so I can see for myself if the broker is really what they say it is. I chose COL financial. I attended one of their seminars entitled "Why invest in the stock market". The speaker is great and knows what he is saying.

3. I inquired about the requirements of opening a COL account. I emailed their customer service several times to clarify their requirements. They do reply and I like how they treat email inquiries. What's good about COL is that you can avail of their starter account and your account can be upgraded easily once you got more money in your account.

4. I determine how committed I can be and how much you I invest per month or quarter as well as my goal for my investment. I think this should have come first but I only read it in the book  Stock Investing for Dummies.  But even in the beginning, I already have my goal which is to bring my Lola to a pilgrimage to the Holy Land and since I budget my income and expenses per month, I already know how much I can place as an investment. Right now, my only dilemma is if I invest monthly or quarterly.

I am still processing the opening of my account. But my goal is to open one before this year ends. I decided to make my sister the secondary holder so whatever happens, she can withdraw the money if ever something happened wherein I can't do the transaction. If you are also interested in investing,I hope you learned from this article and I invite you to learn about stock market investing together.

Sunday, October 26, 2014

Transition from campus to corporate: 3 things I had to change



It’s been two weeks since I started to have a “real” work for an international company that manufactures engineering and technology products. But it’s actually been more than two months since I got accepted in the company because I had to undergo through this so called “new-hire” employee training for 2 months before I get to handle my job functions. In that duration, I had to make huge adjustments to cope up with the huge changes that I faced. The following things are the ones I learned and am still trying to change.

1.      1. School Mindset – College is full of theoretical stuff especially in engineering that is why I was often told by my mentors at work to think in terms of applications and not in ideal conditions.  In the real world (yes you are said to be in the real world once you work), there is no ideal system and everything affects everything. The company I work for manufactures engineering materials and provides solutions to customers who are mostly industrial. My job is to make sure I give the customers the right product for their applications. And in my case, I can’t just give what is the ideal solution for the customer. There are many things to consider aside from the applications of the customer. The economics also plays a huge role because as expected, the customer always wants to cut cost and the same time to have the best product and because it is still the customer who decides. I cannot also give products to any customer. For example, I cannot give products to places which we are “red flagged” especially those countries who are at war because the products might be used for weapons of destruction. 
Work is not just about intelligence.
2.     2.  Dealing with colleagues. – In college, you can definitely choose who to go with during lunch or during a lakwatsa. But at work, you cannot actually choose who your workmates would be. It’s hard for me at first because I don’t really like to mingle with people whom I am not really close to. But I understood that good relationship with my workmates is really important since we would be working as a team. And even people who are not directly on my team are also good to befriend because of the great leverage that their connections can give in the future. So instead of being resistant to make new friends, I had to change to a more approachable and friendlier person. 
Knowing how to be a team player is more important.
3.     3.  Communicating with others – In the office, I noticed that all people who are on the top are good communicators. But being good in communicating is not just important for presentation purposes but also for establishing camaraderie  and networking with people which are great leverage in climbing the corporate ladder. Well, that is what most people want but I don’t really like to climb the corporate ladder if I don’t like the job function of my boss. I believe stress can kill any motivation I have in going to work so stress is something I am really careful to deal with. Many people are sick just because of stress. 
Enjoying being with your workmates reduces great stress at work.

     Being out of school does not mean having to stop learning. Being at work means continuous learning. In terms of learning, nothing really change after graduation, the only difference is that you get a paycheck and your actions affect not only you but your team and company as well.