5 REASONS WHY TEACHERS NEED TO SAVE AND INVEST IN THE STOCK MARKET

My father was a teacher. He died in 2002 at the ripe age of 78 not to be exact as he was born in the 1920' and his birth certificate was burned during world war 2. As a child, I witnessed how hard to be a teacher. He made his lesson plans at dawn and prepare very early so that he could reach his school in the mountain at 7:00 AM. Actually, he worked in Bureau of Lands but decided to resign because he could not stomach the corruptions of his colleagues. Yes, corruption is as old as Philippines History.

When he retired as a teacher he struggled a lot because his monthly pension is very small. He could not even buy his own medicine for his rheumatism in his legs. This is the main reason why none of his children were interested in teaching profession. GSIS and SSS Agency are full of crap. Their employees and managers  have a higher salary than ordinary employees in other companies but the people who contributed big money for pension get a meager money when they retire.

My advice to teachers out there please don't trust your GSIS or SSS because they can't give you your lifestyle that you want when you stop working. Invest in stocks and mutual funds. These two investments can give you 20% interest per year if you will choose the right one.

I believe the stock market is for everyone who dreams of forging a bigger and brighter future for their family. However, one of the biggest hindrances of many is that they think that their profession and educational background is a big barrier for them to start to invest in the market. I’m here to tell you that the stock market is not as hard as what people think it is but rather it is something that you could use from where you are to fulfill your dreams of financial freedom.

 This blog post goes to all the teachers out there who would love to start but are intimidated to do so. What you will see below is a short story written by Renato Nepomuceno, an OFW teacher from Thailand. He too thought that the stock market was too complicated and too hard to start but that all changed when he started to study. Now he is an investor who aims to save and invest enough so that he could come home and be with his family.

Here are my 5 reasons why teachers need to save and invest in the stock market correctly: 

 1. To help change the mindset started with the young children when it comes to money matters.

 2. To liberate them from a bad-debt cycle. As soon as they start working in the public school nowadays, lending institution is lining up to offer something at the lowest interest rates possible. Bad debt can surely trap us financially.

3. The current retirement fund from the government is not enough when you retire and stop working.
4. They have dreams for their family’s financial situation. Learning on how to save and invest correctly in the stock market can help you achieve that dream.

 5. You want to leave a legacy to your family. Money might not be the most important thing in life, but it affects all areas of your life.

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OFW were warned about Global Intergold Investment

Overseas Filipino Worker (OFW) community was warned by the Philippine Embassy based in Doha, Qatar to be wary of scams, particularly of activities that offer quick return of investments.

 A memorandum circular released by Ambassador Wilfredo Santos made an example of Global Intergold, pointing out that according to Securities and Exchange Commission of the Philippines, said company does not exist in their files, not as a registered corporation of partnership, rendering it illegal in court as well as shady.

 The entity is said to be from the discredited Emgoldex Philippines. In the advisory, SEC reported that the are news the Emgoldex Philippines is still active, with its perpetuators using the name of Global Intergold to continue their scamming and illegal investment taking activities online.

 As stated, Global Intergold has not registered as corporation or partnership, hence said company is not authorized to solicit from the public because there was no license or permit to solicit from the Commissions Office as required under Section 8.1 of the Securities Regulation Code.

Global Intergold

The ambassador stressed to the Filipino community the importance of proceeding with caution when it comes to business.

 Oftentimes, the offers that are good to be true are truly too good to be true, especially because it is difficult to determine whether the opportunity is a legitimate networking-based operations or a pyramid scheme scam.

 The following are a direct quote from the memo, reiterating the warning to Filipinos worldwide.

 “The selling agents of Global Intergold are not authorised to offer sale, sell, and solicit investments from the public since no selling agents of Global Intergold, as of now, have secured licence from the SEC to act as certified investment solicitor, investment adviser, broker or dealer in securities, or salespersons of broker or dealer in securities.”

 “In view thereof, the public is hereby advised to exercise self-restraint from investing their money into such high yield, high risk investment scheme and to take the necessary precautions in dealing with the above-named entity.”

 “The public is further advised that those who participate including those who offer investment either personal or thru social media (e.g. Facebook, Instagram, etc.) in this investment-taking activity of Global Intergold are at risk of being prosecuted for criminal violation of the Securities Regulation Code.”

 Philippine Business Council-Qatar (PBC-Q) chairman Greg Loayon reminds that it is not only the OFWs who are victimized or scammed.

 The list also includes the other members of the expatriate communities lured by the offer of easy money, including some Qataris.

In order to be certain of the credibility of investing companies, Loayon says that it is important tocheck the appropriate registration and license of the company to operate in Qatar.

 Ministry of Economy and Commerce (MEC) offices can check for the company licenses and permits while Qatar Central Bank (QCB), Qatar Financial Markets Authority (QFMA), or the Qatar Financial Centre (QFC) can be tapped for investment licenses.

 Foreign firms offering investment and insurance plans are required to register in the country before being permitted to operate, otherwise they will be deemed illegal.

 The chairman of the United Filipino Organisations in Qatar (UFOQ), Ed Anami has been recently informed of the circular and is in the act or distributing information to members through the UFOQ Facebook account.

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OFW Business: Sari-Sari Store

One of the common businesses that we OFW is eager to have is Sari-sari store because it is easy to start. Yes it is easy to start but many business like this is bound to bankrupt because of mismanagement. We never learned how the Chinese managed their business and become rich. It need discipline, attention and focus.

Here I will share to you on how to run a business like this and good luck.

The number one reason why most owners put up sari-sari stores is because they want some nice profit while providing the daily needs of the family. Yet most of this fail and become bankrupt in less than a year. Here are some tips to make you sari-sari store successful. You should consider the store as if it’s not yours. Buy what you want to take in the store with your own money. Consuming your own goods will make you lose your initial capital, no matter big it is. The problem is not that you take from your stocks but that you don’t pay for it. In simpler terms, you have to make yourself pay your credit even if it is your store because you are spending away your capital.

10%
You should only take 10% of your profit for each day. Make a plan on how to do this because this is very important on how to manage your gains. The common misconception of most store owners would be taking away a definite amount each day. This is in fact effective, if you’re talking about a business that don’t have “poor days” or those days where you have very low sales. The problem would be cutting on you capital. Some stores use a computerized program to compute their gains for the day. You could also solve this manually by using calculator and taking 10% off your daily sales. This is used to prevent you from taking too much from the profit.

 Do not overprice
Your customers would probably be your neighbors and the both of you would probably be going to only one supplier. They actually know how much your product really costs. Much more so that we have technology with advertisements always saying the product SRP. You have to think of how much your prices should be. Enough to make a profit as well as affordable that your customers will still buy. Be reasonable with your price. Keep in mind also those products which use electricity. The only time you could probably overprice will be if you are in a remote area. It is because they have no other choice and because of the transportation expenses.

Stock up on the basics 
Start by basics first and observe what your customers wants to buy the most and which they don’t so you have an idea of how many you will buy for your store. Some of these are cigarettes, bottled drinks and beverages, toiletries, canned goods, noodles, cooking aids, sachet products and snacks. 

Always open 
People will always want to buy on one store only and if you let them down, they would have to go to another store. If you are always out of stock or always closed, by and by people will not buy from you because you have lost credibility as a store.

 Quality 
Don’t ever try selling expired products, you will lose your customers that way. Always clean your store, and protect it from rats and insects. Wipe off dust regularly.

 Repack 
If you have already established your store you can start repacking large amounts of items into smaller amounts. Most of these are sugar, salt and other cooking aids. Just make sure you do it in a clean and sanitary manner so that people would still buy from you.

 Learn the seasons. 
On hot months, invest on cool drinks and beverages and expand your selection. On cold months, invest in canned goods and noodles. Also stock up on insect repellants and emergency rations like flashlights and matches. Toiletries are always in demand and so is cooking aids.

 Don’t allow credits 
Unless of course it is you or your immediate family and closest friends or those people whom you trust to pay for it on time as a whole. Some people would say they will pay but will not pay on time. This also makes stocking up harder because you could lose your capital.

 Stack 
Put your old stock in front or up top so that it will be the first to go when somebody buys it.. this is a standard in every market.

 Be kind to your customers 
It is mostly the patronage of customers that make your business grow so be sure not to lose them. If possible do not let them wait or else they will have to find another store. Follow the techniques because they are tested and proven. Keep on growing your business using discipline, attention and focus.

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