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Why You Need A Critical Condition Rider

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Tags: events

My Second Triple Digit Gain

My Second Triple Digit Gain!

by: Kendrick Chua, the Wealth Warrior

The index as of this writing was on its fourth-consecutive rise. It was a much needed one after falling by as much as 12% this year. That wasn’t a pretty scenario. I was a bit unnerved by it. But then again, after what we have witnessed last 2008, every correction is unnerving and agitating to say the least. Isn’t it a wonder that the second most stressful job is to trading the financial markets?

Today is also a day of triumph. I had my second triple digit gain in my trading history:102% courtesy of the Razon-owned Aboitiz Power. I bought this stock May of 2009 with the intention of averaging out my previous investment way back in 2007 when it had its initial public offering. I still remembered queuing with other investors with one form on one hand and a cup of coffee on the other (I accidentally spilled it though).

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Tags: AP, stocks

Saving the Way to College sans Education Plans

Saving the Way to College

by:  Kendrick Chua, the Wealth Warrior

First appeared in May-June 2009 of Money Sense. Was also my first paid article

Norma (not her real name), who is connected to one of the biggest educational plan providers before, can’t help but cringed when I asked her how people are reacting now towards educational plans. Her facial expression mimics the sentiments of her clients and their more subtle way of rejecting her.

Twenty years back, it was unthinkable that education plans will now be received with hostility. When educational plans were first launched, they were a much sought-after investment instrument by the public.  After all, education is one of the major financial priorities of Filipino parents and the burden of a forthcoming college education cost is no laughing matter.

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Tags: education plans, life insurance, Mutual Funds, stocks

To be or not to be…impulsive

To be or not to be…impulsive?

by Kendrick Chua, The Wealth Warrior

That is the question. I pride myself in not being an impulsive buyer nor shopper (unless it comes to food). A trait I have inherited from my mom. I’d constantly debate with myself whether or not I should buy an item. Thinking it twice, thrice and even ten times until the instinct to buy it subsides or it’s channeled onto another item, whichever comes first.

Lately, I have been contemplating whether or not the trait I’m proud of makes me lose more money. The first time it happened was when Dan Brown’s latest novel, The Lost Symbol hit the Philippines last year.  I have read the two previous titles, The Da Vinci Code and Angels and Demons and I loved both of them. I believe I wouldn’t be disappointed should I buy one.

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Tags: impulse, Spending

Where to Invest in 2010

Where to Invest in 2010

by: Kendrick Chua, the Wealth Warrior

My cover story for Money Sense Jan-Feb 2010

Nowadays, Celine (not her real name), a relationship manager for a private bank in the Philippines, is all smiles when talking to her clients. Her smile reflects their sentiments, who just a year ago, were also hit by the prevailing market conditions. After all, no amount of wealth can shield her high net worth clients from the financial crisis. And seeing the value of their investments, reaching tens of millions, dropped substantially is extremely disheartening.

“Being a private banker is not just about meeting my target but it is also about helping my clients maximize their gains,” Celine adds. But what gains could have there been last year when even good news seem to come short?

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Tags: published articles