Why gold man?

[redhorse1L]

---

^^ hehehe.. sorry, but I'm more of a trader.
Nag-stock market pud ka bro?
Check lang ni nga thread:
https://www.istorya.net/forums/busine...ck-market.html

Adto ta tapok para bibo.. hehehe

[yhokz101]

thanks brad... hehehe basa2x rko sa thread dha. im into stocks.. but not trading.

[wizard_jamex]

Bro, investments like these are good so long you have built your financial foundation right.

Let me tell you a story of my friend:
He bought a gold necklace for a price of 28k+. Of course, there's nothing wrong with anyone nga ganahan mupalit ug gold necklace, di ba? Iyaha bitaw na hinaguan and capable pud bitaw siya mupalit ana. Also, its value appreciates over time man pud, di ba?

But you know what happened after 6 months?
His mother was diagnosed with cancer and needed medication. They really loved their mother so much and they can't afford just watching their mother without doing anything. They really needed a lot of money for her medication.

What happened?
These opted them to sell most of their things - their car, ref, television, etc. and worst, including his hard-earned investment - his necklace. His buyer bought the necklace for a price of 20k. Ouch!

Bro, yes it's true that precious stones appreciate over time but with the urgent need of money in case of emergencies, these investments might not be good investments at all.

Bro, ako lang suggestion is investments like these are good but "Start building your financial foundation first".

ouch! This situation is common. Most people love buy things that they really don't need it. They buy things for status symbol like they buy high end cellphones or jewelries to show others that they're really have much money or assets but the reality is different. Walay diat wawarts.....tsk tsk...tsk...tsk.... Kung naa emergency situation sa ila...magka-boang ug pangita ug kautangan sa money and pray to God to help them...tsk tsk tsk tsk tsk.....

It's better Invest in knowledge. Learn how to build a strong financial foundation the right way.

Financial Foundation.

1. Health Care

- start to save money for your health. If you can afford to buy/get Health insurance, get one. Don't worry about premiums of health insurance, because you can use it when something happens to you. You're family wouldn't worry to much about money, in case you have health care/health insurance. Health insurance will shoulder your hospital expenses.

If you can afford to get/buy health insurance foi your family, good! You must provide them so that in case there is something happen to them "Dili ka na mangita ug money for them, because health insurance will provide/shoulder your hospital expenses.

Health care/insurance is one way to protect your assets from sickness or hospital expenses.

2. Life insurance

- start to save money for your life. You must protect the greatest assets and that's you, because you're the one who generates income for your family. In case you shall die or something happens to you like "Madisable ka or maputlan ug tiil", there's a replacement income. It's depend on your needs...like you want 3 yrs or 5 yrs or 10 yrs income replacement...then go ahead...you must get one.

Life insurance is one way to protect your family in case there's something happen in you.

3. Eliminate Debt

I can't explain further about this, because I don't have debt like credits, loans in banks/coop. Good for Me....whahahahahahahahahahahaha. You must eliminate debt, because it is disease in your assets. It will destroy your wealth and health....why destroy health? because kung wala kana money...then ma high blood ka...once ma high blood ka...yatap na ka....LOLZ. (kung dili ka ma yatap....another expenses na sad...utang na sad...)

Debt is money working AGAINST you. You must eliminate it immediately.

4. Emergency Funds...

You must save at least three to six months income from your paycheck. This funds are used for job loss, significant medical expenses, home or auto repairs or something you’ve never dreamed of.

Emergency Funds is one way to protect your assets in case something happen that you’ve never dreamed of.

Note: Put your emergency funds in ATM Account/Cards...don't put it this funds in your house or don't put it in the bank (passbook)..

5. Investment and Savings (short/long term)

*Short Term Savings/ Investment

You must save money to support your living expense or basic needs. Save this money in the bank if you want too. Save money if you want to buy something like you want to buy clothes or cellphone instead you borrowed money to buy it or use credit card.

Some time deposits are also short term investment. (Sa akong nahibaw-an), Because some banks offer 5 yrs Time Deposit....which has low interest rate compare to MF and Stocks Market...

*Long Term Savings/Investment (Retirement Funds)

You must save money for your money. Save and invest money for retirement. When you retire from your job, You will not worry anymore...like what will happen if I can't buy foods or medicine for me, because you have savings already. You can support basic needs even you don't have work. Some people retire and find work again to support their needs, because they don't have money to support....

You must create Passive Income while you're working for money (Active Income).

@mcapon... I hope you learn what I shared to you. God bless.

[redhorse1L]

@Yhokz: Moa ba? Maayo pud..
Basin ganahan sad ka mo-share sa imong mga gipangkuptan nga stocks didto.
At least maka-share pud ka sa fundamentals sa company ba.
Naa man sad mga long-term investors didto. Akong idol kaayo kato si dodongisputing, makalingaw iyang mga tambag. hehehe



PD: sorry TS, OT na ni akong posts..hehe

[c0mpumast3r]

HOW DO YOU MEAN WITH THIS SIR?
"Start building your financial foundation first"

What I would like to suggest bro is this:

1] If wala pa ka Healthcare, acquire healthchare.
We all know nga bisan kinsa nga tao, magkasakit gyud. Just to be protected, financially, acquire these programs. By the way, be sure to know it if its short term or long term healthcare. Aron mahibaw-an unsa gyud na nga type of healthcare naa nimo karon, just ask yourself: "If mawala nako sa trabaho karon, naa pa ba koy healthcare?"
If no, then its short term.
If yes, then its long term.

2] If wala pa ka life insurance, acquire Life Insurance.
Breadwinner pa ka or dili, it might be necessary to acquire this to protect your family and your hard earned assets just in case something happens to you. And it would be necessary nga as early as now pa lang, acquire it because price of life insurance is increasing the more magkatiguwang ang tawo, much more if naa pa ka sakit. The price is determined based sa mortality rate sa imo current age. If naa ka daghan sakit at the time nga maka decide naka mokuha healthcare, its guaranteed nga either mahal imo term as compared sa regular price or dili naka apruban sa life insurance nga company.

3] If naa kay utang, manage. If ganahan ka mangutang, decide if ang padulngan is importante o dili? asset ba o liability?
Gusto man ta nga mu-financially stable, di ba? So, be sure lang nga if mangutang ka, weigh in the importance kung asa padung ang kwarta nga inutang, asset ba na padung o liability? If dili man gani importante, dili nalang gyud mangutang. If emergency gyud kaayo, adto pangutang sa gagmay ug interest.

4] Emergency Fund
Most people nga amo naka-istorya kung pangutan-on asa sila mag save for long term, daghan gyud muingon nga adto sa bangko.
It's the norm, in fact ako pud gani sauna. But as time goes by, I learned nga dili diay maayo pang long term saving ang bangko. Maayo lang ni butangan ug kwarta ang bangko for emergency purposes - especially medical emergencies but if for long term ang purpose sa saving, alkansihon ta due to inflation rate. Price of commodity rises every year at a rate of 6-7%. Now, ask your bank how much interest rate do they gave you if mo save o time deposit ka?
By the way, importante ning Emergency fund (which is 3-6months sa imo current income) to prevent you of selling step #5 at a lower price.

5] Engage in Investments - at the right and legal way
After establishing or while establishing steps 1-4, no one would stop you if you invest your money at the right investments vehicles such as (stocks, mutual fund, jewelries, real estate, etc.). This way, ma outpace nimo ang inflation rate.

Just a piece of advice lang bro.

[lorenzoleo]

Building a strong Financial Foundation is like creating a builidng, you must have a very good foundation in order for your investments to settle stable.



Uwahi jud ng investment, kung sa construction pana, unaha ug kawot ug lawm nga foundation(Butang kag rollers, bugat ang base) para imung investments dili mayabo kung mag ka problema imung foundation.

Kung completo na imung foundation, then you can start building your investment, sky is the limit kung sa construction pa. Hehehe! Make sure your foundation is bigger than your investments to have more stable Financial Future.

Kung unsa kadak.a ug katas.a imung building or imung investments, make sure you foundation, will also go big para proportionate gihapon sila, dili maayo puro lang ka investments, what if we die to soon, luoy ang mabilin, dili dayon na ma kuha imu tanan assets, make sure naa kay proper income replacement.

[c0mpumast3r]

What I would like to suggest bro is this:

1] If wala pa ka Healthcare, acquire healthchare.
We all know nga bisan kinsa nga tao, magkasakit gyud. Just to be protected, financially, acquire these programs. By the way, be sure to know it if its short term or long term healthcare. Aron mahibaw-an unsa gyud na nga type of healthcare naa nimo karon, just ask yourself: "If mawala nako sa trabaho karon, naa pa ba koy healthcare?"
If no, then its short term.
If yes, then its long term.

2] If wala pa ka life insurance, acquire Life Insurance.
Breadwinner pa ka or dili, it might be necessary to acquire this to protect your family and your hard earned assets just in case something happens to you. And it would be necessary nga as early as now pa lang, acquire it because price of life insurance is increasing the more magkatiguwang ang tawo, much more if naa pa ka sakit. The price is determined based sa mortality rate sa imo current age. If naa ka daghan sakit at the time nga maka decide naka mokuha healthcare, its guaranteed nga either mahal imo term as compared sa regular price or dili naka apruban sa life insurance nga company.

3] If naa kay utang, manage. If ganahan ka mangutang, decide if ang padulngan is importante o dili? asset ba o liability?
Gusto man ta nga mu-financially stable, di ba? So, be sure lang nga if mangutang ka, weigh in the importance kung asa padung ang kwarta nga inutang, asset ba na padung o liability? If dili man gani importante, dili nalang gyud mangutang. If emergency gyud kaayo, adto pangutang sa gagmay ug interest.

4] Emergency Fund
Most people nga amo naka-istorya kung pangutan-on asa sila mag save for long term, daghan gyud muingon nga adto sa bangko.
It's the norm, in fact ako pud gani sauna. But as time goes by, I learned nga dili diay maayo pang long term saving ang bangko. Maayo lang ni butangan ug kwarta ang bangko for emergency purposes - especially medical emergencies but if for long term ang purpose sa saving, alkansihon ta due to inflation rate. Price of commodity rises every year at a rate of 6-7%. Now, ask your bank how much interest rate do they gave you if mo save o time deposit ka?
By the way, importante ning Emergency fund (which is 3-6months sa imo current income) to prevent you of selling step #5 at a lower price.

5] Engage in Investments - at the right and legal way
After establishing or while establishing steps 1-4, no one would stop you if you invest your money at the right investments vehicles such as (stocks, mutual fund, jewelries, real estate, etc.). This way, ma outpace nimo ang inflation rate.

Just a piece of advice lang bro.

In my own opinion, this is also true with stocks, real estate and other investment vehicles.
I'm not saying that stock trading/investing is not a good investment vehicle because they really are good investment vehicles. But the thing is, what if the stock market is down, and an urgent need of money arises, would you redeem your shares even though the market is down?

As with real estate, ex. you bought an apartment or a foreclosed property for 3M. Can you afford to sell it at a much lower price, i.e. 2M just to secure the money to answer your urgent needs?

Just build your financial foundations first.

[HyphyFoo]

What happened?
These opted them to sell most of their things - their car, ref, television, etc. and worst, including his hard-earned investment - his necklace. His buyer bought the necklace for a price of 20k.

maybe gaan ra ang iyang gold necklace... doesnt mean that if its gold and u bought it for 28k u can get more out of it dayon, diba? magdepend pod bya kung pila ka grams sa gold ang gigamit for that necklace.

maybe ur friend doesnt know much pa on how to buy jewelries... i agree with the certificates and everything else though...

~jody

[AmorsoloX]

gold is a poor investment vehicle.. mas maau pa silver..

kung huna2x-on mas maau pa gani aluminum,iron,steel,copper..


the reason is, ang value sa gold is only percieved value.. just like diamonds.. nobody really needs them..

kung gusto ka dako kita, ari ka sa industrial metals.. hehe

always remember the basic rule of economics.. SUPPLY AND DEMAND!.. and dont confuse apparent demand with actual demand.. (like unsa man gamit sa gold beh compared to other metals?)

another downside of gold is lisud siya iliquidate.. dili siya saun ibaligya at your price.. (naa man pawnshops but grabe pud ka gansi nimu)

n also, in terms of prices of luxury items, the moment you buy it from the shelf, it losses its pricetag value!

[HyphyFoo]

diamond and gold are girls bestfriend...

xD

~jody