Archive for April, 2009
My Money Personality
I chanced upon this site through the blog, Millionaire Acts. I got intrigued so I took the exam myself. The result is amazing! I finally have a fair evaluation of myself.
Your money personality is: Balanced
People who exhibit a balanced money personality style enjoy making and managing money. They may view budgeting and investing as a game of sorts.
Money is viewed as a tool that is used to achieve ones goals.
While they often have a budget, Balanced persons do not become overly uncomfortable with the occasional unforeseen expense or in purchasing the occasional luxury item.
Balanced persons often feel that diligence, research and effort will reward them in the end.
If they invest, Balanced persons tend to have balanced portfolios and are often comfortable seeking advice from financial managers.
Try it here.
Tags: quizzes
Protect Your Money: Avoid these 5 Investing Pitfalls
Protect Your Money: Avoid these 5 Investing Pitfalls.
by: Kendrick Chua
No investor has been spared from losses in his entire life. Even the legendary Warren Buffett has had losses only they were not as publicized furiously as his successes.
Your money is a product of your hard-work that is often accompanied by your sweat, tears and blood. It is but natural for you to guard it against forces out to take it. In my short period of time as an investor and trader, I had my own fair share of investing mistakes and I’d like to share them to your readers lest you make them as well.
Tags: investment strategy
Upcoming articles
There’s a lot of juices flowing through my brains right now but I just can’t get started in writing them. I’ll start letting you dear readers know what my articles in the pipeline are. That way you’ll have an idea on what topics I’ll be writing about. I hope I’ll interest you with some of them.
What Makes A Luxury Brand, Luxurious?
A look on how consumers view luxury items and how they became high-end products.
Protect Your Money: Avoid these 5 Investing Pitfalls
Getting started with investing. Learn the mistakes of other investors and avoid the traps yourself.
Condominium Investing 101
Want to invest in a condominium? Learn the tricks from real condominium investors and brokers.
Shifting Careers
A look at why professionals are shifting from a more respectable but lower paying job to a less respectable but higher paying one.
Philippine Economy: The Turtle or the Rabbit?
Philippine Economy: The Rabbit or the Turtle?
by: Kendrick Chua
We are all familiar with the story of the race between the rabbit and the turtle. There were lots of variations to this but let’s just stick to the very first story wherein the rabbit, after running ahead of the turtle decided to take a nap. The turtle slowly ran by the rabbit and crosses the finish line.
I used the turtle as a symbolism for the Philippines in one of our Social Studies homework back in high school because like the turtle, I thought the country was growing slowly but steadily. It seemed like a reasonable representation back then.
Now, I’m not so sure.
Now working in the financial industry and having a clearer analysis of the country’s economy. I would like to believe that the rabbit is a more appropriate representation than the turtle. (more…)
Tags: Philippine Economy
The Armageddon of Preneed Companies and the collapse of Education Plans
The Armageddon of Preneed Companies and the collapse of Education Plans
by: Kendrick Chua
If you’re in your late twenties, chances are you were a product of CAP and PEP Plans or knew someone who was. It was even joked during those times, “CAP ang nagpa-aral sa akin.” It was very fortunate for them. Several years later, the tides have turned. No longer can the scholars avail of the promised tuition grants and if they were, it was way below the expected amount. The sentiments then went something like this, “Dahil sa CAP, kaya hindi ako nakapag-aral.”
In 1988, the Philippines was introduced to the concept of Education Plans. With the looming cost of college education, it was a product that was deemed ‘perfect’. This was pioneered by the bankrupt College Assurance Plan which back then, seemed to be one of the largest financial institution and failing was just unimaginable.
Tags: education plans
The Anatomy of a CDO
The Anatomy of a CDO
by: Kendrick Chua
During last year’s subprime crisis, this three-letter financial jargon often sprung into interviews and conversations. It made its way into the headlines of the newspapers and crept their way into investors’ nightmare. When before it was just Freddie Kruger, now it is the CDO.
CDO is an acronym for Collateralized Debt Obligation, an asset-backed security and investment in CDO is an investment in the cash flow of its asset. To understand this further, we need to backtrack a little bit as to why this thing was ever created by the bright boys of Wall Street.
Tags: derivatives, subprime
Most favorite post on The Wealth Warrior from April
- Life Insurance Video
Posted on Monday, April 6th, 2009 in videos – Comments: (1)A powerful commercial by Prudential Life Korea. The video sums up the love of a father for his family by securing their future through the purchase of a life insurance contract.
- Billionaire Clusters
Posted on Tuesday, April 7th, 2009 in High Net Worth – Comments: (0)Billionaire Clustersby: Duncan Greenberg as posted in Forbes.comWant to become a billionaire? Up your chances by dropping out of college, working at Goldman Sachs or joining Skull & Bones. Are billionaires born or made? What are the common attributes among the uber-wealthy? Are there any true secrets of the self-made?We get these questions a lot, and decided it was time to go beyond the broad answers of smarts, ambition and luck by sorting through our database of wealthy individuals in search of bona fide trends.
