Your house: an asset or a liability?
November 28, 2008
There’s an interesting discussion going on in the PMT Forum, about one’s residence and whether it is an asset or a liability.
By definition, an asset is anything that can directly or indirectly contribute future cash flows. A liability, on the other hand, is anything that can result to a transfer or disposal of an asset.
In this context, is the house an asset or a liability? Here are a few thoughts from some PMT members.
Pacquiao vs de la Hoya: Who will win?
November 28, 2008
The Golden Boy vs Pacman
On December 6, Filipino boxing champion Manny Pacquiao will battle “The Golden Boy” Oscar dela Hoya in what is dubbed boxing’s “Dream Match.”
Recent reports quoted dela Hoya as saying he can knock out Pacquiao in under five rounds. Pacquiao vowed that won’t be possible.
Whose side are you on?
Join the poll and discussion thread here: Manny Pacquiao vs. Oscar de la Hoya: The Dream Match.
Related readings:
- Who made money from the Pacman – Dinamita fight?
- Make money from the Manny Pacquiao-David Diaz fight
Don’t travel to Thailand right now
November 26, 2008
A friend of mine from the Department of Foreign Affairs (DFA) told me to forward the message to all concerned to postpone any travel to Thailand because of the current chaos and unrest occurring in the country.
Apparently, thousands of people are stranded in Thailand right now because protesters shut down the country’s main airport.
This recent incident is already a major escalation of the four-month campaign of protesters to oust the prime minister.
Is Citibank the next to collapse?
November 23, 2008
Before, it was Bear Sterns. Then AIG. Then Lehman Brothers. Is Citibank the next big, global bank to fail?
Yes, according to some financial experts interviewed by the UK newspaper The Daily Mail. According to analysts, the company may not have enough cash to withstand subprime losses that could amount to £13.3 billion.
How much do you earn every month?
November 20, 2008
How much money do other people make each month?
That is something you’ve always wanted to know but are afraid to ask. But we still asked our PMT Forum members that question and, based on initial results, they’re not your average wage earners.
How much have you lost so far in this bear market?
November 17, 2008
The global economy is now said to be in recession. Stock markets worldwide have been suffering from steep losses. And individual investors are losing money in most of their investments.
In the PMT Forum, members have been talking about how much they have lost so far during this bearish period of the market. Here are some posts.
Investment Product: Ayala Corp’s Preferred Shares
November 14, 2008
Ayala Corporation, the country’s largest conglomerate, will be issuing a total of 12 million preferred “Class A “shares for P500 each. Proceeds from the issue will be used to fund the company’s investments in business process outsourcing (BPO) and overseas real estate projects.
Unlike owners of common shares, preferred stockholders do not have voting rights but are the first to get paid in case a company is liquidated.
Ayala Corp (Stock Code: AC)’s Preferred Shares will pay a fixed dividend rate of 8.88% per annum. Minimum subscription is 100 shares and succeeding placements must be in multiples of 20 shares.
BPI Trade password problem finally solved
November 11, 2008
After more than 2 weeks of waiting and rambling about BPI call center’s ineffiency in handling customer calls, my BPI Trade password problem was finally solved today.
A few minutes ago, I called BPI’s Customer Support Hotline at 89-100 and, unlike my previous attempts, instantly got connected without hearing that “All circuits are busy now” message.
P100 UP Centennial bills now being circulated
November 10, 2008
Have you gotten yourself a 100-peso bill with the UP Oblation logo on it?
I asked because it seems like the bills are now widely circulated. For one, some PMT readers posted comments in the article Limited edition Php100 UP Centennial bills that they are selling their bills (at a premium, that is).
Last month, I dined at Jollibee Philcoa and the change I got consisted of one UP Centennial P100 bill. A week later, I got another UP Centennial bill as change from Greenwich Philcoa.
Then last Saturday, I withdrew cash from a UnionBank ATM in Ortigas and, to my surprise, the ATM churned out five crisp, brand-new bills (see photo below).
BPI Call Center undermanned or plain lazy?
November 4, 2008
Almost a week after I posted my BPI Trade password problem, I still have not solved it because it looks like no one’s around at the BPI Call Center.
On October 9, I made a gazillion calls to BPI’s customer support number 89-100 or 891-0000 but the only response I got was “All circuits are busy now. Please try again later.”
