But on the positive side, let OFW invest and park their money for long term liquidity or equity on PERA without regard to inflation. Investing is not just about making positive return for most people but it is a feeling of SELF worth. :)

I’m also interested in reading “Rich Dad, Poor Dad”.

There’s just much to learn but so little time :(

Just recently, I was able to experience playing “CashFlow” a game designed by Robert Kiyosaki himself (best known for his “Rich Dad, Poor Dad” book). I had it for free. I hope there’s a group playing it there in the States so you can also experience it. Thanks!

The “seminar” consists of two parts. The first speaker was trying to convince us to attend a 3-day comprehensive seminar about real estate. The second part is also trying to sell another 3-day seminar but it is about tax lien receipts and tax deed sale.

I was almost swayed to go to the Trump seminar but good thing husband was there to tell me that this is not yet the right time to get involved in these things. But it was not completely a waste of time since we learned new things especially with regards to the tax lien receipts. The stories shared are also quite interesting and will inspire you to think outside the box.

Contrary to the common notion that investing in the stock market consumes great amount of time, it is not the case. Mutual fund has a prettier return compared to banks. Problem is, it’s difficult to make money during a rough market because your money is tied to the investment or portfolio. On a second note, I think people should engage in the market and not settle for the idea that the market is only for pros. I don’t have the stats but fund managers probably manage 250 to 300 portfolio on an average year. Question would be, how much time do they spend in checking yours? I’m sure common people have more time to take a look at their stocks and assess whether it’s a good investment or not compared to the fund manager who has an extremely hectic schedule. There are to types of investors: The Day-trader who trades as much as he likes to. And the other would be the investor, who let’s his money sit and appreciate. Moving on, investors are further classified to (a.) Long term-investor who usually holds his stocks 9 or more months before trading it again. Filipino long term-investors tend to have a shorter patience so its 6 months or more. (b.) Short term-investor who trades their stocks before 9 months, or in the case of Pinoys, less than 6 months. My take would be be a long term investor. Frequent trading is not really needed as far as the gurus are concerned. Check out Warren Buffet, currently the World’s Wealthiest Man.

In my opinion, instead of paying for the commission/fees of the “professional” fund managers, use a portion of the money to pay yourself back, another portion for re-investing, then the remaining would be for buying materials like books and cds about the ” How-To ” of Investing. I believe this is a smarter way of realizing financial freedom.

RC0, thank you for sharing the shows. I’ll check it over the internet to squeeze insights. God bless your family!

(maybe the links are the reason I can’t post, so let’s remove them)