Sunday, September 28, 2008
Philamlife - AIG
I read in a news that it might be out for bid and Yunchenco group is having a thought of putting a bid for it? I don't know how they will manage the company after CAP scandal? Tsk tsk tsk... They never learn...
Sunday, September 21, 2008
Philippine Financial Market
As of today, Philippine financial market still not been able to recover from the onslaught of US credit crunch. Although, stocks gain some positive points but still not a good sign of better days. I still watching how the market would react to some positive news.
Tuesday, September 16, 2008
AIG Philippines
Yet another casualty?
Is AIG Philippine affected by the current woes of its parent company? According to financial experts, if it is traditional insurance operations like property, casualty, auto and life insurance to annuity and investment services, they are insulated and AIG still have the capability to pay claims.
It is also a very positive news that federal goverment release 85 billion dollars emergency loan and allowed to use 20 billion from its subsidiaries. This move is due to the fact that disorderly failure of AIG could further hurt delicate US economic situation.
The question now is, with AIG parent company's situation, how big is the impact to AIG Philippines?
My other blogs:
http://unhappyemployee.blogspot.com/
http://pagsamba.blogspot.com/
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Is AIG Philippine affected by the current woes of its parent company? According to financial experts, if it is traditional insurance operations like property, casualty, auto and life insurance to annuity and investment services, they are insulated and AIG still have the capability to pay claims.
It is also a very positive news that federal goverment release 85 billion dollars emergency loan and allowed to use 20 billion from its subsidiaries. This move is due to the fact that disorderly failure of AIG could further hurt delicate US economic situation.
The question now is, with AIG parent company's situation, how big is the impact to AIG Philippines?
My other blogs:
http://unhappyemployee.blogspot.com/
http://pagsamba.blogspot.com/
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BPS - Basis Point
BPS is a unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly used for calculating changes in interest rates, equity indexes and the yield of a fixed-income security.
The relationship between percentage changes and basis points can be summarized as follows:
The relationship between percentage changes and basis points can be summarized as follows:
- 1% change = 100 basis points, and 0.01% = 1 basis point.
Exciting the Market
Other countries are now pumping in fund to money market. Japanese goverment injected 2.5 trillion yen in hope of strenghtening its economic outlook. Can the Philippine goverment do the same?
2008 US Financial Crisis
Lehman Brothers - Investment bank. Undermined by bad bets on real estate.
News:
Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate -- the value of its shares declined 94 percent this year.
Merrill Lynch - Wealth management company. Suffered bad real estates bets.
News:
Bank of America plans to buy Merrill Lynch in an all-stock $50 billion deal, pending approval by federal regulators and shareholders of both companies, the bank said in a statement. The transaction is expected to close in the first three months of 2009.
Freddie Mac and Fannie Mae- Mortgage finance company. Suffered in the subprime mortgage crisis.
News:
This month, the U.S. government took over mortgage finance companies Fannie Mae and Freddie Mac. That was Washington's most dramatic attempt yet to shore up the nation's faltering housing market, which is suffering from record foreclosures and falling prices. That plan calls for the government to run Fannie and Freddie until they are on stronger footing.
Bear Sterns - Investment bank.
News:
Bought by JP Morgan Chase and Co.
News:
Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate -- the value of its shares declined 94 percent this year.
Merrill Lynch - Wealth management company. Suffered bad real estates bets.
News:
Bank of America plans to buy Merrill Lynch in an all-stock $50 billion deal, pending approval by federal regulators and shareholders of both companies, the bank said in a statement. The transaction is expected to close in the first three months of 2009.
Freddie Mac and Fannie Mae- Mortgage finance company. Suffered in the subprime mortgage crisis.
News:
This month, the U.S. government took over mortgage finance companies Fannie Mae and Freddie Mac. That was Washington's most dramatic attempt yet to shore up the nation's faltering housing market, which is suffering from record foreclosures and falling prices. That plan calls for the government to run Fannie and Freddie until they are on stronger footing.
Bear Sterns - Investment bank.
News:
Bought by JP Morgan Chase and Co.
Monday, September 15, 2008
Stock Market Tumbled
Today asian stock market dived as a result of continued fear on US market slowdown and problem with Lehman Brothers and the credit crunches due to subprime mortgage which affected Freddie Mae and Fannie Mac. Nekkei 225 index, Hong Kong stock index, South Korea's Kospi, Taiwan benchmark, Australia and New Zealand all suffered negative points.
Philippine Stock Exchange Index (PSEI) suffered one of its biggest negative points as it sheds more than 100 points to its present index. Trading is a bit gloomy in this weeks tradings. Although, oil prices is down (about 97 per barrel) but fear and speculation on US economy affected Asian market especially the Philippines. Coupled with low peso rate againts the dollar, prices of imported products would definitely go up. Inflation for this month is as high as 12% which prompted the goverment to re-assess its economic target for this year.
Philippine Stock Exchange Index (PSEI) suffered one of its biggest negative points as it sheds more than 100 points to its present index. Trading is a bit gloomy in this weeks tradings. Although, oil prices is down (about 97 per barrel) but fear and speculation on US economy affected Asian market especially the Philippines. Coupled with low peso rate againts the dollar, prices of imported products would definitely go up. Inflation for this month is as high as 12% which prompted the goverment to re-assess its economic target for this year.
Sunday, September 14, 2008
How To Beat Inflation
Inflation is the number one enemy of our savings. It is the reason why our 500 pesos today might cost only 250 pesos in the future. Inflation eats our investments. If for example you want to save 1 million pesos in 5 years but the inflation is 10 percent, your actual savings is only 900K.
So how to beat inflation? According to experts you could beat inflation it two ways:
1. Save more than what you are saving now. If you want to save 1M in five years with inflation of 10 percent, you should save 1.1 M so that you will have 1M in five years.
2. Invest your money in stock market. It is risky but it is usually have a high returns. If you are a new player, expert says that you can go for a mutual fund instead. It is less risky since mutual fund is manage by professional fund manager.
My other blogs:
http://unhappyemployee.blogspot.com/
http://pagsamba.blogspot.com/
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So how to beat inflation? According to experts you could beat inflation it two ways:
1. Save more than what you are saving now. If you want to save 1M in five years with inflation of 10 percent, you should save 1.1 M so that you will have 1M in five years.
2. Invest your money in stock market. It is risky but it is usually have a high returns. If you are a new player, expert says that you can go for a mutual fund instead. It is less risky since mutual fund is manage by professional fund manager.
My other blogs:
http://unhappyemployee.blogspot.com/
http://pagsamba.blogspot.com/
---
Philippine Best Online Broker
I am trading stocks using an online broker. The broker is owned by one of the biggest bank here in the Philippines. I don't have other account in other broker as it would be difficult for me to track my stocks.
I just started in stock market, I don't know which is the best online broker in the Philippines. I asked my friend who has a lot of experience in an online trading, he told me that citiseconline is the best online broker (for him) since it is faster in terms of updating its quotations and gives a lot of advises to its client. I also check citiseconline before I started buying stocks but was discouraged since I need to deposit to their account and it will be a bit complicated (for me) to widthdraw fund. Opening account from my broker is easier for me since I just need to open an account to my name and nominate a settlement account (also to my name, which I already have) where I can widthdraw fund. With these things in perspective, i opted not to use citiseconline.
Here are some of the online brokers that I know:
1. http://www.citiseconline.com.ph
2. http://www.abcapitalonline.com
3. http://www.bpitrade.com
4. http://www.firstmetrosec.com.ph
My other Blogs:
http://pagsamba.blogspot.com
http://unhappyemployee.blogspot.com
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I just started in stock market, I don't know which is the best online broker in the Philippines. I asked my friend who has a lot of experience in an online trading, he told me that citiseconline is the best online broker (for him) since it is faster in terms of updating its quotations and gives a lot of advises to its client. I also check citiseconline before I started buying stocks but was discouraged since I need to deposit to their account and it will be a bit complicated (for me) to widthdraw fund. Opening account from my broker is easier for me since I just need to open an account to my name and nominate a settlement account (also to my name, which I already have) where I can widthdraw fund. With these things in perspective, i opted not to use citiseconline.
Here are some of the online brokers that I know:
1. http://www.citiseconline.com.ph
2. http://www.abcapitalonline.com
3. http://www.bpitrade.com
4. http://www.firstmetrosec.com.ph
My other Blogs:
http://pagsamba.blogspot.com
http://unhappyemployee.blogspot.com
---
Friday, September 12, 2008
Stocks
I bought Petron (PCOR), DM Consunji (DMC), Tanduay (TDY) and Unioil (UNI). Are they good stocks?
Bear Market
I'm very new in stock market. I bought some stocks of Petron. My collegue told me that I should wait until early next year to buy stocks. Should I listen to his advise or should I go ahead and continue buying?
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