PASSIVE Investors

[honey2723]

---

thank you for reiterating. As you've noticed, that was posted after you're correction. It took me a while to finish that post. thanks.

And again, this is not for everybody.

-If you can't learn to appreciate the lifetime benefits of this plan, then this is not for you.
-If you are an aggressive investor, then this is not for you.
-If you don't have any specific goals yet on which to use the funds for this, then this is not for you.
-If you're looking for a short-term investment, then this is not for you.

However,
-If you're into saving and just putting your money in the bank, then THIS IS FOR YOU.
-If you are into safe and stable investments, then THIS IS FOR YOU.
-If you appreciate the lifetime benefits, then THIS IS FOR YOU.
-If you already have a specific financial goal (i.e. education fund, retirement fund, vacation fund, medical fund, etc) into the future, then THIS IS FOR YOU.

Again, this is a LONG-TERM investment. This is not a short-term investment. So, if you're going to calculate the returns upon completion of payment, you will definitely not maximize the returns. You need to give this time to give you the returns. When you invest, you don't compute the returns upon giving the full payment. It's so illogical. AGAIN, TIME IS THE GREATEST ALLY OF YOUR INVESTMENT.

Up for today...

[cassiesweets]

han, can u email me sa kang cassie na age... again she is 3 yrs old. email me the Ave Monthly Investment and the cost, basin kuhaan nko cya...

[honey2723]

i'll email it to you after nako mahuman ning powerpoint akong gihimo... k ra con?

OT: by the way, congrats on being a Junior Member of istorya in a short time...

nice talking to you ganina con...

up for tonight

If you make wise decisions about the investment of your money, you may be able to take that trip to Palawan or Boracay, send your child to prestigious schools, or the major cruise of which you have been dreaming. If you don't make good decisions about the investment of your money, you won't be able to do those things. So your decisions about how you invest your money will directly affect your standard of living.

So, make the right decision today!

Invest in I-Assure Max now before it's too late!

Repost lang ko ug info I found in one of our fellow istoryan's (Ryze) post.

The PERA Bill at its core

Since the Personal Equity Retirement Account (PERA) Bill was signed by President Gloria Macapagal-Arroyo last August 22, 2008, those who have been conscious savers and investors were fairly bursting at the seams with excitement.

Ah, the joys of tax-free savings and investments. It’s enough to make hearts skip a beat despite the gloomy global environment.

But wait. This news should be something that excites the nation as a whole. Particularly OFWs and their families. I don’t see that happening. Yet. Let’s see what we can do with that.

For starters, here are the things that you need to know about the PERA Bill.

At its core, it will allow you to create a voluntary retirement nest-egg from accredited savings and investment instruments based on YOUR preference and give you the chance to grow this nest egg faster by not slapping you with taxes on its earnings AND rewarding you with a 5.0 percent annual tax credit for your contributions if you keep your money in the PERA until age 55.

If that’s still too complicated, just think about this: tax incentives, baby. They are the cake and the icing on this thing. Oh and the fact that, if you’re tired of how the Social Security System and the Government Service Insurance System are handling your contributions, here you get to make your own call on where to put your money!

Here are some other details from the law, demystified:

1. Who can set up a PERA? If you can get a Tax Identification Number, you can set up a PERA. This money is yours and not given to the government, like in your traditional SSS or GSIS funds, for them to manage. You choose where it goes.
2. How do you begin? To set up your account, you need to get an administrator that will oversee your account. This will be a company approved by either the central bank, the Insurance Commission and the Securities and Exchange Commission. You can have only one administrator, but open up to five PERA.
3. Where to send your contributions? You also need to choose a custodian, which will receive the funds that you contribute. The custodian will operate independently from the administrator. Administrators and custodians are required to charge only “reasonable” fees that are approved by the government.
4. How much can you contribute? Maximum of P100,000 for those living in the Philippines, and P200,000 for those living and working overseas, per year. Couples together will have a P200,000 maximum contribution, or P400,000 for those living overseas. The Finance Secretary can adjust this from time to time.
5. Will your employer be required to add to your nest egg? No. They are encouraged, but not required. But employers who wish to use the PERA to enhance employee benefit packages on top of the SSS and GSIS contributions, are allowed to deduct their contributions from their taxable income. Now even if your employer contributes to your PERA, it does not have any authority where to put your funds. You still get to choose your investment outlets.
6. Who can help you decide where to put your money? You may or may not get an investment manager to help navigate the waters of investing, but choose carefully one who will act always for your best interests, not his. And one who is, of course, qualified.
7. What investment or savings vehicles can qualify under PERA? This would include unit investment trust funds, mutual funds, annuity contracts, insurance pension products, pre-need pension plans, stocks, exchange-traded bonds, and others approved by the government.
8. Why would you want to set up a PERA? You get three sweet deals: a tax credit of 5.0% of your total PERA contribution per year. This means if you max out your contribution to P100,000, you get to deduct P5,000 from your annual taxable income. Aside from that, your money gets to compound faster because all income earned in your PERA is tax exempt. Third, once you retire at age 55 and need your money, it still won’t be taxed. If you die before reaching 55, the money goes to your heirs without going into probate.
9. What are the disadvantages? Since the PERA encourages long-term savings and investments, make sure you contribute only the money that you can spare. Early termination or withdrawal means you get slapped with a penalty (still has to be determined by the Finance department) and taxes.
10. What if you have an emergency? You may withdraw money penalty-free only if you need money to pay for hospitalization of more than 30 days and if you are suddenly totally disabled.

Make no mistake about it, the PERA Bill will not make everyone wealthy. Unless we take advantage of it. Unless we actually know what to do with it. Unless we in fact take the time to spend less and invest more. Unless we stop complaining and start doing.

So get ready to start doing! If the Finance department is on schedule, the PERA Bill should be effective by January 1, 2009. Happy New Year indeed.

Source: Money Smarts The PERA Bill at its core

If you've noticed in item 7, you can consider the plan promoted in this thread as part of your PERA... Instead of saving in the bank with tax deductions, you can enjoy growth of money tax free!

15 days to go!!!

14 days to go...

[Ironwood_Cebu]

Toinks! You missed my point.

Although the pattern is the same, im not posting about my plan.
Im saying that the plan nga imo gi-brought up is most likely a "DOUBLE THE MONEY IN MORE THAN 20 YEARS".

but then again, please do educate me.
Post your reply here aron daghan ming makahibaw.

OT.

bro jackdi, what happened na to our friend SICK_MUSE? nadelete na man ang thread... wala na gyod tingali to noh?

[honey2723]

13 days to go...

[vladmire]

i talked to "honey2723" which is a pretty fine lady a while ago, everything is well explained and I was a bit a distracted with her beauty hehehe... btaw, ok kaau ang deal, daghan ka options. flexi kaau! meet her and you'll surely say, she's cute and her voice as well.

peace honey

[honey2723]

i talked to "honey2723" which is a pretty fine lady a while ago, everything is well explained and I was a bit a distracted with her beauty hehehe... btaw, ok kaau ang deal, daghan ka options. flexi kaau! meet her and you'll surely say, she's cute and her voice as well.

peace honey

thanks for the comments vladmire... but I hope you did learn something other than getting distracted... hehe

[vladmire]

thanks for the comments vladmire... but I hope you did learn something other than getting distracted... hehe

I did learn a lot. thanks for educating me...

i hope to see you again. hehehe... peace mam...

[honey2723]

12 days to go!!!

[jbda]

wala ko salig insurance. bati na