Stocks extend gains

Doris C. Dumlao

Philippine Daily Inquirer

BUOYANT INVESTOR sentiment allowed local stocks to extend their winning streak for the fifth straight day and hit a 31-month high Friday despite an overnight bloodbath in Wall Street.

The main-share Philippine Stock Exchange index gained another 33.11 points or 0.93 percent to close at 3,593.60. This was the highest since the 3,617.29 recorded on Jan. 2, 2008.

For the whole upbeat week, the index added 124.08 points or 3.6 percent. The PSEi has climbed 17.7 percent so far this year.

Dealers said investors ignored the weak data abroad that caused Wall Street to decline overnight. Instead, the local market focused on the rosy domestic economic fundamentals and corporate earnings. Any market dip was seen as an opportunity to load up stocks.

The market is likewise still benefiting from a post-election euphoria and the ample liquidity seeking better returns amid an environment of record-low interest rates.

“It’s really hard to stop a train full of money. We were expecting a correction for the week but given the corporate results, which showed most corporations performing better than expected, investors were inspired by such good numbers,” said Astro Del Castillo, managing director at local fund management firm First Grade Holdings Inc.

Published in Philippine Daily Inquirer August 21. 

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Login                          Select                         PAMI employees

WELCOME We are Philam Asset Management, Inc. (PAMI), an asset management company that manages, distributes and provides investment advisory to seven mutual funds. We help you achieve your financial goals through sound advice and wise investing. Our wide range of mutual fund products provide you with high potential returns at well-managed risks. FUND NAME Net Asset Value Per Share- Aug 20, 2010 Year-to-Date Return     Philam Bond Fund Php 3.049 4.47%     Philam Dollar Bond Fund USD$ 1.8512 11.26%     Philam Managed Income Fund Php 1.0974 1.37%     Philam Fund Php 10.7359 26.08%     GSIS Mutual Fund Php 2.4664 24.27%     Philam Strategic Growth Fund Php 410.84 30.17%     AIG Global Bond Fund Phil USD$ 1.1836 2.16%     NCM Mutual Fund of the Phils., Inc. Php 1.2586 17.63% Philippine Stock Exchange Index - PSEi (Aug 20, 2010) USD$ = Php Exchange Rate (Aug 20, 2010) 3593.6 USD $1 = Php 44.971

Contact us: Tel Nos.: (63) (2) 867-3912 to 18 | Fax No.: (63) (2) 813-6813 or 18

Above is a mugshot of the Daily Report of Philam Asset Management, Inc. published in their website to help investors monitor their investments in the different mutual funds being mange by the said company.

When  I bought some shares from Philam Strategic Growth Fund about six months ago, it cost me about P300.00 NAVPS but now if you will look closely, the Net Asset Value Per Share as of August 20, 2010 is P410.84 NAVPS or a profit of about P110.84 pesos for the past six months per P300.00 share. I bought about P21,000.00 worth of shares. So as per my computation I already earned P7,758.80 in six months.

How about you? Do you have some spare money to invest and let it grow without you doing anything?

Do not allow your money to rot in a savings bank earning a mere pittance of interest of about 2 per cent a year. Why not try what the rich people have been doing. For a minimum amount of P5,000.00, you can already share in their money making ventures. I can assure you that investing in mutual funds and even stocks is more safer than if you invest in a business venture you have no training and knowledge about.

Philippine mutual funds money and security: Alejandro A. Esteban, editorial consultant

Rich Money Habits 101 Series - 8 Ways to Shift Your Money Habits and Be Rich

Hi, Friends,

I hope you're doing well in your journey to financial freedom.

As my token of appreciation for your subscription to Rich Money Habits, I have prepared an article series to help you get started in building better money habits so you can finally achieve your dream of financial freedom. 

The article series titled "Rich Money Habits 101 - 8 Ways to Shift Your Money Habits and Be Rich" is a compilation of the 8 secret money habits that have personally helped me get out of debt, build an emergency fund, and allowed me to start investing for me and my family's future.  

Rich Money Habits 101 Series - 8 Ways to Shift Your Money Habits and Be Rich

1. Introduction - You Can Be Rich
2. Rich Money Habit #1 - Pay Yourself First
3. Rich Money Habit #2 - Pay Off Your Bad Debt
4. Rich Money Habit #3 - Create Your Own Money
5. Rich Money Habit #4 - Protect Your Money
6. Rich Money Habit #5 - Grow Your Money 
7. Rich Money Habit #6 - Invest In Yourself
8. Rich Money Habit #7 - Invest In Your Relationships
9. Rich Money Habit #8 - Invest In Your Greatest Ally

The series will run for 8 weeks.  Each week, you'll receive an article discussing 1 of the 8 money habits.  This is both to help you better absorb the money habit as well as to prevent you from getting overwhelmed. Building rich money habits really does take time and it is in itself a process that you have to go through personally.

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Cheers to your financial success!

From akosiallan.com August 9, 2010

What makes a person rich..........financial freedom?

Many are trying to get away from the rat race to give them peace of mind, particularly on financial matters that almost always have a bearing on their earthly lives. But many more says also, that being rich deals not only on money matters but also about your relationship with others, your having more friends rather than enemies, your emotional maturity in dealing with family, neighbors, community and fellowmen.

So, beginning today, I want to share with you these series of write-ups how we can improve our finances to be able to escape the so called rat race and be earning passive income that is more than enough, with the end in view of sharing what you have to the less fortunate and disadvantage sector of society, as posted initially by my friend Allan Inocente of akosiallan.com  

y akosiallan emotional

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What Makes You Rich Posted: 09 Aug 2010 05:47 AM PDT What makes a person rich?  How do you define who’s rich and who’s not? Is it about having money? If I give you a thousand dollars now, would you be considered rich? How about if I give you a million? How about a billion? At which point do you consider yourself rich? To answer this question, I’d like to borrow Tim Ferriss’ term “New Rich”. The “New Rich”, have 3 things in common: money, time, mobility. I like this definition because it doesn’t look at being rich as a one-dimensional goal that you have to get to. It is a combination of time, money and mobility that gives a new meaning to the phrase "financial freedom". Money Of course. This is obvious. The more money you have, the richer you become. At least financially. For many people, this is the only definition that they know of being rich. A lotto winner is rich. A doctor is rich. A lawyer is rich. They earn millions a year. They are what we call high-income earners. It’s no wonder then that a lot of well meaning parents encourage their children to go to school, get good grades, study medicine or become a lawyer. After graduation, they are supposed to get a good job, climb up the corporate ladder and become rich. There’s nothing wrong with that. Unfortunately, in most cases, the high-income earners also face a dilemma of having to live a high-expense lifestyle. They have to drive an expensive car. They have to live in a big house. In all fairness, this is needed in their profession. Who would want to consult a doctor who is driving a truck. It doesn’t fit the image we have of a successful doctor. Then there’s also the issue of income tax. The more income you earn, the more taxes you pay. In short being high-earner has its corresponding drawbacks. It is not enough to earn a high income. If all the income you earn is going out as an expense. Worse, it may be that your expenses is even greater than your income, and you end up going through debts. Your debts stresses you out. You become ill just thinking about it.  You become more irritable.  Your friends abandon you.  Your world comes crashing down. Time If I give you a billion dollars but you need to work 24 hours a day, everyday for the whole year, would you take it? I hope not, because you’d be working yourself out, get exhausted, and basically end up not having the time to enjoy your billion dollars. Having all the money in the world and not having the time to enjoy the fruits of your labor is not a very good idea. Unfortunately, a lot of people end up in this situation. As they get promoted in the corporate ladder, they gain more responsibilities. More responsibilities mean more time working in the office. More time away from your family. More sacrifices. Whenever you want to take a vacation, you’d have to ask for your boss’ approval. If you get lucky, your vacation is approved. Unfortunately, while you’re on vacation, your mobile phone rings and you would have to answer your boss’ questions. Sometimes, they even require you to bring your laptop on your vacation. Having time to be able to enjoy life and pursue projects that I would like is one of my personal goals.  My dream is to be able to take a vacation for at least a month, whenever and wherever I want and not worry about being disturbed by a call from my boss asking me to cut my vacation short.  I dream of being able to extend my vacation for a few more months whenever I want to and not worry about money or my business. Mobility Mobility is having the freedom to go anywhere you want to go, any time you want.  If you have a job, this is particularly hard to do.  For one, you can not just take a vacation any time you want.  You have to ask permission from your boss.  Second, you cannot just stop going to your job and go somewhere else.  At some point, you still have to go back to your job to make money to pay for your needs. There have been countless times when I didn’t want to get out of bed in the morning. But since I had to go to the office and work, I felt helpless.  I felt forced to go to work even if I was so tired.  There were times I even have to cut my vacation short just to work. It is especially harder if you are in debt and have to pay mortgage for your house.  If you are relying on your job for income, you are practically tied to it.  You can not resign.  Otherwise, you run the risk of not being able to pay for your debts and have your house foreclosed. Mobility means having the choice to go on tour for months, hopping from one country to another, and not having to worry about whatever you left behind.  You can enjoy your vacation with peace of mind. Journey To Financial Freedom I am not yet rich based on the above criteria, but I’d like to think I am on my way there.  I have managed to pay off my debts and saved for emergency fund and insurance.  With the extra income we generate each month, my wife and I have started to learn to invest our money.  As a result, our dreams are now becoming more real each day that passes by. Yes, I am still a long way to go but each step I make is a move forward to my dreams.  It is just a matter of time before I reach my goal. If you’re already financially free, congratulations! I’d like to treat you for lunch and learn from you. I’d like to find out how you did it so I can feature you here in Rich Money Habits blog and inspire our readers as well. If you’re like me, working your way to achieve financial freedom, I invite you to come join me in my journey and discover the rich money habits that will take us to our dreams!