What Are You Thinking About?

[shadow]

Masinop? Eh kung lahat bayad ng tatay niya tapos nakatira pa rin siya sa bahay ng tatay niya eh di wala talagang siyang gastos. Hinde masinop tawag doon...Bum


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[_Cathy_]

Masinop? Eh kung lahat bayad ng tatay niya tapos nakatira pa rin siya sa bahay ng tatay niya eh di wala talagang siyang gastos. Hinde masinop tawag doon...Bum


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Masinop pa rin kasi hindi niya nagagalaw. Kung ako yun ubos agad siguro buying unnecessary things [emoji23] Pero lahat ng failed business ideas niya funded ng Dad niya.

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[papi smith]

There are a lot of special time deposit rates one can access once the deposit is in the millions.

One was 0.2% in 35 days but it changes

Either way the deposit still has to be in the hundreds of millions of pesos before the interest can be sustained on.

Grabe naman baba nyan bossing. Ang daming preferred shares sa stock market ngayon na >5% net ang yield ngayon. Look at San Miguel Corp Preferred Shares 2F (SMC2F), this stock at closing price of 75.60 kanina yields above 6% net. May risk nga lang na i-redeem na sa Oct 4 kaya siguro bumagsak ang price, but even if that happens, over pa rin sya 0.2% net, ung sa bank less 20% tax pa.

[papi smith]

Masinop pa rin kasi hindi niya nagagalaw. Kung ako yun ubos agad siguro buying unnecessary things [emoji23] Pero lahat ng failed business ideas niya funded ng Dad niya.

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Pareho kami siguro ng tingin ni Shadow sa kanya. He is a guy that can't hold a high paying job when faced with pressure and do not have the diligence to make a business succeed because it's not his money. I hope kaya sya suportahan ng sinop nya in his retirement years.

[viper888]

Grabe naman baba nyan bossing. Ang daming preferred shares sa stock market ngayon na >5% net ang yield ngayon. Look at San Miguel Corp Preferred Shares 2F (SMC2F), this stock at closing price of 75.60 kanina yields above 6% net. May risk nga lang na i-redeem na sa Oct 4 kaya siguro bumagsak ang price, but even if that happens, over pa rin sya 0.2% net, ung sa bank less 20% tax pa.

Yeah, the stock market will always give a higher yield but of course there is always a bit of risk involved. I have a bit of cash in a couple of reits like areit and spc, the yield on average is 5-6%

The initial time deposit offer was 1.05% per annum or something like that

SPC has a high dividend yield of 10%+ but I'm not putting all my money there

[viper888]

Masinop pa rin kasi hindi niya nagagalaw. Kung ako yun ubos agad siguro buying unnecessary things [emoji23] Pero lahat ng failed business ideas niya funded ng Dad niya.

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Typical well-off kid

High IQ, moderate EQ

[shadow]

Masinop pa rin kasi hindi niya nagagalaw. Kung ako yun ubos agad siguro buying unnecessary things [emoji23] Pero lahat ng failed business ideas niya funded ng Dad niya.

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Hinde naman niya kailangang galawin eh, wala naman siya ginagastos dahil umaasa pa rin sa tatay niya.

Anong ginagastos niya sa buhay niya na kailagan magalaw yun pera ng nanay niya?

Hinde ba siya nahihiya sa mga barkada niya?


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[_Cathy_]

Pareho kami siguro ng tingin ni Shadow sa kanya. He is a guy that can't hold a high paying job when faced with pressure and do not have the diligence to make a business succeed because it's not his money. I hope kaya sya suportahan ng sinop nya in his retirement years.

My friends and I are really worried about him when his Dad is gone. Now pa lang his siblings want their house sold since they all have their own homes e pano naman si SO and his Kuya. He's so out of touch (topic namin ng friends ko yan) it took him a long time to feel the pandemic.

Baka mangyari like what happened to the friend of my Mom na in her 70s she had to move from a 1000 sq m house in Makati to a condo. The house was sold after the mother died in her 90s. People advised her to move to the South and get a good sized house but she wanted to live near their old house so she got a condo then she keeps complaining to her friends na ang liit liit ng space niya (her children are all living abroad)

Typical well-off kid

High IQ, moderate EQ

How did you know that he's intelligent? I don't think I mentioned this but his course in UP was a quota course that only few people can enter daw. My friend said he went to Ateneo for a short time but he never made amin that to me hahaha! He is irritated nga with my penchant for Ateneans

You're being generous with the moderate EQ though :P

Hinde naman niya kailangang galawin eh, wala naman siya ginagastos dahil umaasa pa rin sa tatay niya.

Anong ginagastos niya sa buhay niya na kailagan magalaw yun pera ng nanay niya?

Hinde ba siya nahihiya sa mga barkada niya?


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My Mom paid for my card din until my early 30s. I practically charge everything to my card but during that time I paid for treats for my family, gifts, gimmicks, clothes. Hindi rin naman hard rule because even until now my family would pay or buy me stuff, so I assume hindi naman lahat he charges to his Dad? Sa pagkaka kilala ko he doesn't abuse the generosity of his parents

Funny story, kami pang mga may work ang shina shame niya na mukhang pera because we have jobs (I am laughing as I type this) Whenever he wants to go out with me kasi I would tell him I am busy with work and he gets irritated. Hindi totoong busy ako LOL Kaya he absolutely can't find out that I am jobless now.

Yung isang friend namin he told me he thinks mukhang pera kasi she is sacrificing her health for money kasi graveyard yung friend namin. Apparently he also said that to her face and she said to him, can you pay my bills. So no, hindi siya nahihiya sa barkada niya.

[dr. d]

I don't think I mentioned this but his course in UP was a quota course that only few people can enter daw. My friend said he went to Ateneo for a short time but he never made amin that to me hahaha! He is irritated nga with my penchant for Ateneans

You're being generous with the moderate EQ though :P
.

"UP quota courses are over-rated."

[papi smith]

Alam ko kaya may quota ay dahil sa dami ng gustong kumuha, so they have to limit it to capacity, not limit it to an absolute value of intelligence. In a way, matalino pa rin na masasabi ika nga dahil pasok sa cut off.

[dr. d]

Alam ko kaya may quota ay dahil sa dami ng gustong kumuha, so they have to limit it to capacity, not limit it to an absolute value of intelligence. In a way, matalino pa rin na masasabi ika nga dahil pasok sa cut off.

yes,
course-type is initially what one applied for,
but there a very big lot of course-shiftings later, as one begins to recognize one's likes and dislikes, one's abilities, one's patience, and... one's choices..

marami diyan,
influenced by pay-rents and/or the barkada, when making their initial choice of college course, only to find out later, that they prefer to be "elsewhere".

[_Cathy_]

I won't talk about SO anymore because he might browse the board bigla. I mentioned majority sa board pro us like 96 out of 100. He wants to get to know the 4 na anti US kasi yun daw ang nagiisip 😂 Nasabihan pa kong brainwashed ng US. I said basta I love USA!

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[Deestone]

but is that attractive interest rate guaranteed in writing, for the entire length of the contract?
best to read the fine print.

ang alam ko kasi,
they entice you with the highest probable interest rate, but do not warn you that in real life, the interest can go significantly lower.

If you read it at first it looks enticing but when you read and read it again you will notice something wrong with the computation and I just felt that people who don't know how to compute will easily fall for this trap.

[dr. d]

If you read it at first it looks enticing but when you read and read it again you will notice something wrong with the computation and I just felt that people who don't know how to compute will easily fall for this trap.

a few years ago, a colleague went into such similar "insurance-investment".
a couple of years down the road, he was fuming mad, because the "promised rewards" just weren't there.
"market forces" daw, sabi nang ahente.

[Deestone]

a few years ago, a colleague went into such similar "insurance-investment".
a couple of years down the road, he was fuming mad, because the "promised rewards" just weren't there.
"market forces" daw, sabi nang ahente.

Did you read the article dr. d? this is not market driven just direct straight computation on what you will be getting.

[dr. d]

Did you read the article dr. d? this is not market driven just direct straight computation on what you will be getting.

yes, i read the enclosed infomercial,
but not the contract, as it was not available for perusal.
i am weak with numbers. i could not follow.

btw,
8% every 2 years = roughly 4 % a year, right?

addendum: the article makes use of "can".... "this plan CAN give you"...
i interpret that as "optimistic and colorful imagination of actual realities".
to my simple mind, that means, everything that follows under the statement, is a possibility, but by no means the only possibility.
"market forces will still prevail."

many years ago,
some banks advertised "double your money in five years".
well, we did double our money in 5 years.
but no local bank i know of, ever made such offering, since.

[viper888]

Look at how it is barely mentioned that the 10 year payment scheme has around 9% in interest per annum. So the 1m face value costs PHP1.96M

Also "assuming 3.8%" is pretty optimistic, its not a promise just an estimate.

Of course the contract itself will have clearly defined nuances this "proposal" obfuscates.

[papi smith]

Actually, a compounded 4% net will do better than that, unless the assured dies before the 9th year. But that's insurance, they're betting that you live long enough like say until 65 wherein even if you opt to get only the 2.5M living benefit, quits pa rin sila even if you die the next day and get another 2M. Every additional year you live after that just increases their income. At 80? you get 2M while they get 750k.

Add another 0.5% or make it 4.5% compounding, and they make 2.75M after paying your death benefit of 2M.

But of course, it's hard for an ordinary person to compound his savings continuously for 50 years, so it's still worth considering.

It's just that the manner it was presented by the FA had a better impact on the financials.

[uls]

may pagka-ponzi-like ang insurance business model

they promise you a far larger payout than the amount you pay them

they can do that only when payouts don't happen all at the same time

kung sa fire insurance, huwag lang sabay sabay masunog lahat ng bahay na insure nila

marine hull insurance -- huwag lang sabay sabay lumubog mga barko

bond insurance -- huwag lang sabay mag default mga bonds (hello AIG anyare sayo noong 2008)

[uls]

many years ago,
some banks advertised "double your money in five years".
well, we did double our money in 5 years.
but no local bank i know of, ever made such offering, since.

coz we're living in a low interest rate environment

PH interest rates history:

Philippines Interest Rate - 2?22 Data - 1985-2?21 Historical - 2?23 Forecast



^^^

look at interest rates many years ago

that's how banks can double your money

kaya dati 20% per annum