Tag Archives: Finance

SEM Scribe Publishing House Participates in September 6 Finance Event

Together with Synersign, SEM SCRIBE PUBLISHING HOUSE and MissTolentino.com will be participating in the upcoming Finance event called IT’S ALL ABOUT INVESTMENTS on September 6, 2014 at Mezzanines B & C of the World Trade Center.

With seasoned finance professionals as its speakers, this must-attend event will cover Mutual Funds, Equities, Insurance, Real Estate and many more!

With only 200 slots remaining, be part of this exciting event! Register now at http://rehubexpo.com/events.php

 

with ssph logo
SEM SCRIBE PUBLISHING HOUSE together with MissTolentino.com will be participating in the upcoming Finance event called IT’S ALL ABOUT INVESTMENTS on September 6, 2014 at Mezzanines B & C of the World Trade Center.

 

 

 

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Get Money-Savvy with Investalk 2014

This July 12 2014, www.investalk2014.com, an online finance community where people can discuss and learn from each other, will be grand launching its first Investor’s Conference called “Investalk 2014: A Mid Year Outlook”; inviting aspiring young investors into a one day condensed investment boot camp.

Investalk 2014 brings a number of the country’s most prominent finance personae together in an enriching seminar. Speakers will be covering topics from the latest trends, news, updates and basics on investing both locally and abroad.

Featured speakers are: Tommy Tiu for Finance 101, Alvin Ang for the Economic Outlook, Richard Liboro of BPI for Philippine Equity Strategy, Norman Go of BPI for Guru Investing Strategies, Jay Peñaflor for Featured Stocks, Joe Ferreria for Implementing Personal Finance Plans, and Salve Duplito for Value Investing.

“Education is a form of investment; we invited the best educators into this conference so you can learn the different modes of investments. They will guide you in finding your optimal financial plan” says Paul Glenson Lim, CEO of Investalk.ph. “It is important to invest early in life so that you can maximize your finances in preparing for the future”

A special thanks to its organizer Synersign. biz and to its official media partners which include The Philippine Resources Journal and lifestyle website www.misstolentino.com

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The Importance of Hiring a Wealth Manager

I can’t tell you how many people come to me who are average, everyday people who don’t even have wills. And they say “I don’t need a will yet. I don’t have an estate issue.” Yeah, well, who’s going to take care of your kids? How are you going to transfer? Make sure that everything is done to your wishes? Do you have a health care proxy? These are all wealth management issues, not investment issues. But they have huge ramifications to whatever you amass during your life.

Marc Lowlicht,
Wealth Management Division Head
Further Lane Asset Management

 For starters, wealth managers are actively involved in their client’s retirement planning. This can mean, among other things, updating and changing your client’s investment profile based on where they are in their life cycle, with older customers being moved into more stable environments. Wealth managers also coordinate with accountants and attorneys. In addition, they help with trust planning, insurance requirements and managing client’s risks.

In terms of nest egg, people need to understand that they need this money to produce income during retirement and this is why even middle-class or lower-class people should consult with financial planners.

A financial planner would immediately start saying: “Wait a minute, the first thing you need is an income. And then we’ll worry about your wealth.” These are things wealth management takes into account that investment management doesn’t.

Wealth management is not only about picking investments and making sure the allocation is consistent with time horizons. Such is especially important now. Because in these days of disappearing pension plans, we are all required to become our own defined benefit plans.


Dear Friends:

Pru Life UK is privileged to have Atty. Danny Chan talk about Wealth Management & Estate Planning on March 29, Sat, 2pm at Room 4 10/F SSHG building, Paseo de Roxas Makati City.

With this, I would like to personally invite you to take hold of this opportunity. Attendees will learn much from this talk and be made aware of the solution to paying their estate tax. The seminar is FREE so I advise you to RSVP as slots are going fast.

For all interested parties, feel free to PM/text/email me. I am looking forward to your attendance.

Kind thoughts,
MissTolentino.com

 

Pru Life UK is one of the leading life insurance companies in the Philippines, with over 15 years of excellence in providing relevant and innovative life insurance products designed to meet the specific needs of the public. The pioneer and expert in investment-linked insurance products, Pru Life UK is driven by its commitment to always listen to and understand the financial protection and wealth management requirements of the Filipino.
Make your money work for you. Pru Life UK is the pioneer and expert in unit-linked or investment-linked products in the Philippines. Unit-linked policies are life insurance products that provide living and death benefits and are ‘linked’ to investment funds. With our investment funds managed by Eastspring Investments Singapore (Limited), take confidence in the experience of one of Asia’s most awarded fund-management companies.

 

 

Reference:
Forbes.com – Why you need a Wealth Manager; David Serchuk (March 25, 2009)

Selling Life Insurance: An Agent’s Secret Struggles and Quiet Triumphs

Author: Miss Duckie

Two years ago, I was at the supermarket doing my grocery when I bumped into a former acquaintance. We talked for about 5 minutes and he asked where I was working. I said, “I work for PruLife UK”, “ Is this the Insurance company?” He asked. I nodded and said Yes. While talking to him, he slowly walked backwards and cut our conversation with a quick good bye. Poof! He disappeared into the canned goods section. I was left standing with my shopping cart. I smiled, shook my head, chuckled to myself and moved on. Wow! I was only a year in the industry and I already had the ability to repel people.

Some people are scared of the things they do not know and also of the things they already know. I should know, I was a victim of both . As a child, I jumped on a diving board into a 12 feet swimming pool without the thought of drowning. I knew that it was 12 feet deep but the consequences of the depth and the perils of drowning was far from my mind. Eventually, with much struggle, I was able to swim my way up to the surface. Ignorance is very expensive.

I believe in education so I studied the insurance industry. I learned that there are more than 50 products, but I could say there are only 3 main products with a lot of varieties. These 3 products could also be the solution to the 3 unforeseen events that can happen in each person’s lives. How do we prevent a financial problem in the future if (1) we die too soon, (2) live too long or (3) get sick along the way?

Let me summarize the answer into 3 categories:

1st Protection: My mom is a cancer survivor. Although this happened 8 years ago, I remember my dear mom as one of those patients who was unfortunate to be diagnosed with 4th stage cancer. I heard my mom cry several times after her radiation therapy. My mom wanted to die not only because of the excrutiating pain but because of the towering hospital expenses we had, or so I heard. My Dad on the other hand smoked continuously probably thinking where to get the money. I guess we were blessed to have relatives who generously donated some of their resources. Why am I sharing all of sthese? Well, if we had an insurance policy then we would have had a financial solution for medical bills without touching our savings or avoided debt at the mercy of our relatives. We would have a protection from depleted savings.

2nd Savings: I plan to visit the Holy Land in 10 years time. So I should put monthly savings for 7 years in our company while the projected interest rate is at 4-10% . If I get critically ill while saving, this fund won’t be taken away. I will be given money for my hospital bills while my savings remain invested in blue chip companies or government sectors.

The same thing applies to parents who want their children to study in a good school. They will set aside monthly savings so that it will hedge on the inflation rate and they will have the ability to withdraw the funds when the right time comes.

3rd Investments: Do you know that even when you have saved millions of Pesos in the bank and in the unfortunate event that the bank suddently closes, you will only receive 500k regardless of the amount of money you had stored? With the insurance company I represent, we can guarantee a return of 25% of what our clients have invested. They are also given the choice to assign their beneficiaries, not subject to garnishment and no one is allowed to touch their account even if their business has suffered a loss.

I have been in this industry for three years now. I never regretted the day I set foot in our company. I am confident that what I am doing is helping a lot of people save for their future. As a financial consultant, I make sure that my clients understand the product before they commit to it. I haven’t experienced my client getting critically ill. When my client enters retirement age, I will gladly serve them so that they can enjoy their retirement years comfortably.

To define Life Insurance : When a person dies (especially the family breadwinner ), insurance provides the finances to the family who were left behind so that they can continue on living . When a person becomes old, insurance provides them retirement money so that they will continue on living. When a person gets sick, insurance provides financial provisions so that they can get well and continue on living, all without having to touch their savings.

Our company takes the risk out of people’s lives. I am a tenacious insurance agent. My vision is to see people continue on living regardless of life’s ups and downs.

Financially Literacy is Peace of Mind

Financial literacy, unfortunately, is not taught in schools. Unless you took up financial management as a course or grew up with it, then probably you would have an idea of what I’m talking about. Other than that, we are left with the financial examples of our family and friends. And to add to this glaring lack, consumerism and materialism are continuously shoved down our throats every moment of the day making financial literacy a dying age.

With consumerism and materialism, there is this need to keep up with the Joneses. Then before you know it, putting on a fake life follows. But more of that topic on a later issue. Going back…

I am just fortunate that I have learned the value of money early on and what it represents. I have learned that money is only a resource and I want to make sure that I am able to fully utilize this resource for things/experiences/activities that are worthwhile and bring genuine happiness both for me and the people that are important in my life.

I have fully embraced the concept of living below my means. This minimalist approach has been going on for quite a few years now and for the first time in my young adult life have I been able to experience peace both for my finances and future.

On a personal note as well, I have never had this inclination for jealousy or envy most especially when it comes to material things. I was not raised with that kind of mind set. I come from a working class background, and my family always minded our own business. This is why the topic of comparisons was never brought up because everyone mostly, was busy working, doing or creating!

Why the emphasis on financial literacy? It’s because financial literacy is the path to peace of mind. As most of you know, a person who knows how to handle, invest and share their money is set for life.

Financial literacy also means having a budget. Here are the top reasons why a budget is necessary:

Budgets mean you have a plan — a budget frees us to tell our money what to do each month. I have a plan for every peso that I earn. I have lots of dreams for the future and know I will achieve them because I have a plan.

Budgets mean having peace — nothing is more important to me but having peace of mind. Things will happen outside of my budget: family members getting sick, retrenchment, etc. A budget takes the emergency out of these situations. It brings peace into the financial inconveniences of life.

Budgets will change your future — without a plan, you will wander aimlessly. There is this couple I know that is buried deep in debt but refuse to acknowledge their situation, even living above their means, essentially putting on a fake life with it. And you know what they say about marriage, money and debt, right?

Without a budget, couples (and single people) will spend aimlessly with nothing to show for their efforts. A budget puts effort behind dreams.

Budgets help you stay on the same page with your loved ones — I know how much money I have, where it needs to be spent, and what my financial goals are because everything is in black and white. If it’s not in the budget, it doesn’t get spent. If I want to spend money on something, I need to make the necessary financial adjustments and add it to the budget.

Aside from the above, my personal reasons for sticking to my budget and living my lifestyle are:

1.) It allows me to share and give generously
2.) It allows me to spend on quality items (food, clothes, etc.)
3.) It helps me save for my future
4.) I am more in control of my money

Running a tight ship, I call my financial life, has never been more rewarding.

How about you? Are we on the same page, here?