The journey to financial freedom and happiness is never easy.
You have been working hard but you know that is not enough. You attended a lot of seminars, read several self-help books, and researched about ways to properly manage money. Still it seems like you’re too far from your goal of achieving financial success.
This is why you need Money University.
If you’re looking for non-traditional investments that are relatively safe, you may check out LTNCD or Long-Term Negotiable Certificate of Deposit.
LTNCD is a bank product very similar to Time Deposits, except that they have longer maturity periods. While most Time Deposits mature in 1 month, 6 months, or 1 year, LTNCDs usually mature in at least 5 years.
One good thing about LTNCD is that investments up to P500,000 are covered by the Philippine Deposit Insurance Corp. (PDIC), which makes this option a relatively safe investment asset.
In the past years, personal finance advocate Robert Kiyosaki has been giving away free copies of his books.
It may be his way of creating more buzz for his “Rich Dad” line of books and board games or another marketing tactic to promote his more premium coaching sessions. Still, we appreciate getting a copy of a popular personal finance book at no cost.
One of the country’s largest conglomerates, Ayala Corporation (AC), is set to raise up to P10 billion through the issuance of Class B Preferred Shares.
Ayala Corp. announced it is issuing 20 million Class B Preferred Shares at a maximum price of P500 per share. The offering period runs from November 4 to 8.
Most Filipino investors nowadays seem to be enamored with stocks as an investment option. This is not bad per se, but intelligent investors understand that a critical element of their overall investing strategy is portfolio diversification.
Diversification simply means investing in a variety of asset classes in order to reduce portfolio risk. Because asset classes have imperfectly correlated relationships, both in risk and return, investors gets to minimize their losses when they are diversified as compared to when they are not diversified.
UnionBank of the Philippines (UBP), owned by the Aboitiz Group, announced last week that it is planning to offer to the public PHP 5 billion worth of tax-free, high-yielding Long-Term Negotiable Certificate of Deposits or LTNCDs.
It seems like more and more local banks are preferring the use of Long-Term Negotiable Certificates of Deposits (LTNCD) as a way of raising additional funds. Instead of issuing more shares or launching a new debt instrument, banks in the Philippines are resorting to LTNCDs which consumers find more attractive because they are relatively safe yet high-yielding compared to traditional deposits.
Real estate developer Visa Land and Lifescapes (VLL), owned by the family of Senator Manny Villar, is using the same strategy employed by Ayala Land Inc. (ALI) to simultaneously raise fresh funds and market to the public its residential units.
Vista Land recently announced details of its HomeBuilder Bonds which pay 5% interest per annum for a total minimum investment of P180,000.
