Thursday, June 26, 2014
PSEi update 2nd time to encounter 6900 resistance 6-27-2014
PSEi encountered again it's resistance around 6900. It was his 2nd attempt to retest this resistance, and failed again.
I believe we have no rush to get above 6900, and must do sideways pattern to gain strength.
A breakout of 6900 will eventually have a target of 7200-7400.
Short term support is around 6670 then 6600.
Medium term support(in blue uptrend) is now at 6518.
Worst case when 6518 breaks down, a downside target of 5800 which falls exactly to the Long Term uptrend line since 2009.(don't worry, very low chance as of this moment). haha
[So far so good] Elliot Wave roadmap from Tony C. 6-27-2014
Tuesday, June 24, 2014
REPOST: Forbes Top 10 Riches in PH
Forbes Magazine’s Top 10 Richest Filipinos for 2014 [Infographic]
By imoney . 7 April 2014 .
Billionaires made their money from their investments, that’s a fact the most of us aren’t aware of.Even if we are and we want to follow in their footsteps, we aren’t sure where to begin.
Investing in the right companies and getting bigger returns is the key in being wealthy, if you have the know-how to play the game, of course! Recently, Forbes Magazine released its list of the World’s Billionaires, some inspiration to get you pumping, and here is the Philippines’ own top ten billionaires for 2014.
2013 was a year of leaps and bounds for the Philippines, the stock market reached its all time high index of 7,403.65 and a Gross Domestic Product (GDP) of 7.2%. Robust growth in the real estate and manufacturing sector contributed to this growth, with these more infrastructure and buildings are constructed, development awaits – especially for our local billionaires who made it to Forbes Magazine’s richest
http://www.imoney.ph/articles/top-10-richest-filipinos-2014/?utm_source=taboola&utm_medium=cpc
Monday, June 23, 2014
Philippine Preffered Stocks timeline and call date 6-24-2014
PPREF - Petron Preffered - 9.875% gross Quarterly*
PFP - Purefoods Preferred - 8.0% gross Quarterly*
SMC2A - SMC 5year - 6.8% net Quarterly*
SMC2B - SMC 7year - 6.975% net Quarterly*
SMC2C - SMC 10year - 7.2% net Quarterly*
FGENF - FirstGen F Shares - 7.2% net Semi-Annual*
FGENG - FirstGen G Shares - 7.0% net Semi-Annual*
ACPB - Ayala Preferred - 5%(not sure), yield too low to invest
All are listed in the Philippine Stocks Exchange and be tradable until their call date
Call Dates listed below*:
2015, MAR - PPREF
2015, SEPT - SMC2A 3rd year OPTIONAL redemption
2016, MAR - Mandatory Call Date of PFP (has option to be extended + % )
2017, SEPT - Mandatory Call Date of SMC2A (has option to be extended + % )
2017, SEPT - SMC2B 5th year OPTIONAL redemption
2018 - FGENF (not so sure)
2017, SEPT - Mandatory Call Date of SMC2B (has option to be extended + % )
2019, SEPT - SMC2C 7th year OPTIONAL redemption
2022, MAY - Mandatory Call Date of FGENG
2022, SEPT - Mandatory Call Date of SMC2C (has option to be extended + % )
* listed rates and month/year are the calendar dates I know, please verify exact rates, day, month and year if needed.
PFP - Purefoods Preferred - 8.0% gross Quarterly*
SMC2A - SMC 5year - 6.8% net Quarterly*
SMC2B - SMC 7year - 6.975% net Quarterly*
SMC2C - SMC 10year - 7.2% net Quarterly*
FGENF - FirstGen F Shares - 7.2% net Semi-Annual*
FGENG - FirstGen G Shares - 7.0% net Semi-Annual*
ACPB - Ayala Preferred - 5%(not sure), yield too low to invest
All are listed in the Philippine Stocks Exchange and be tradable until their call date
Call Dates listed below*:
2015, MAR - PPREF
2015, SEPT - SMC2A 3rd year OPTIONAL redemption
2016, MAR - Mandatory Call Date of PFP (has option to be extended + % )
2017, SEPT - Mandatory Call Date of SMC2A (has option to be extended + % )
2017, SEPT - SMC2B 5th year OPTIONAL redemption
2018 - FGENF (not so sure)
2017, SEPT - Mandatory Call Date of SMC2B (has option to be extended + % )
2019, SEPT - SMC2C 7th year OPTIONAL redemption
2022, MAY - Mandatory Call Date of FGENG
2022, SEPT - Mandatory Call Date of SMC2C (has option to be extended + % )
* listed rates and month/year are the calendar dates I know, please verify exact rates, day, month and year if needed.
Sunday, June 8, 2014
REPOST: DOTC releases revised fines, penalties on traffic violations
DOTC releases revised fines, penalties on traffic violations
Well, the 25-page revised schedule has been released by the DOTC, and as much as we'd like to list down all the fines and penalties, it will be one lengthy reading material. Instead, we're noting the ones that are relevant to most motorists:
* Driving without a valid driver's license - P3,000 (from P1,500) plus the offender will be disqualified from being granted a driver's license or from driving a motor vehicle for one year from the payment of the fine;
* Driving a motor vehicle used in committing a crime - P10,000 (from P3,000) plus the offender's driver's license will be confiscated, and if convicted, revoked with the driver being perpetually disqualified from being granted a driver's license. The vehicle will also be impounded until after the payment of appropriate fines and penalties;
* Reckless driving - P2,000 (from P1,000) for the first offense; P3,000 (from P1,500) for the second offense; and P10,000 (from P2,000) for the third offense. In addition, the offender's driver's license will be suspended for three months for the second offense and six months for the third offense, with the revocation of the license on succeeding offenses. A non-professional driver whose license has been revoked will be disqualified from obtaining a driver's license for two years from revocation, while a professional driver whose license has been revoked will be perpetually disqualified from getting a license;
* Failure to wear seatbelts - P1,000 for the first offense; P2,000 for the second offense; and P5,000 for the third offense. Previously, the fine was only P250, regardless of the number of offenses. Also, the driver's license of the offender will be suspended for one week from the payment of the fine for the third and each succeeding offense. The DOTC also notes that children six years old and below are prohibited from sitting in the front passenger seat;
* Failure to carry a driver's license or the vehicle's certificate of registration or official receipt while driving a motor vehicle - P1,000 (from P200 for the license and from P150 for the OR or CR);
* Driving an unregistered motor vehicle - P10,000 (from P4,000) plus, if the non-registration has exceeded one month, the vehicle shall be impounded and released only if it has been registered and its corresponding fines and penalties have been paid. If the vehicle has an undocumented engine (a separate P5,000 previously), the vehicle will be impounded and barred from operating for one year upon the payment of the fines while the engine will be confiscated by the government;
* Unauthorized vehicle modification, including the change of color "and other unauthorized modifications of the standard manufacturer's specifications" - P5,000 plus the vehicle will be impounded and released only upon correction of the defect and the payment of the fine;
* Operating a motor vehicle without or with defective/improper/unauthorized accessories, devices, equipment and parts - P5,000 (from P150 to P15,000) plus the vehicle will be impounded until the accessory, device, equipment or part is properly installed, corrected or removed depending on the offense and the fine has been paid. Any improper or unauthorized device will also be confiscated in favor of the government;
* All other violations of traffic rules and regulations, from parking violations to illegal turns - P1,000.
You can check out a PDF copy of the DOTC's complete revised schedules on the fines and penalties at www.dotc.gov.ph.
Now that fines and penalties on traffic violations increased by more than double, with a double whammy rule that on the 2nd offense for "reckless driving", 3 months suspension of license. It's too much!!!!!. I am pretty sure kotong cops will take advantage of this. And will have bargaining power to double charge offenses(illegal turns+reckless driving), to increase their 20% commission.
Such an inconsiderate GOVERNMENT.
Quoted and Elliot Wave roadmap from Tony Caldaro 6-9-2014
Quoted and drew from Tony Caldaro's post.
Above chart is the complete roadmap of the probable movement of SPX(S&P500) in the short to medium term.
Based from Elliot Wave counting, I drew the possible outcome based on wave movement, count and and wavelength targets.
This is just a personal roadmap I created based on the actual count of Tony. Things may fall of early, or hyper extend. So goodluck and these parabolic movements to new highs make me crazy and getting nervous on this Technical Chart.
Wednesday, June 4, 2014
REPOST: Millionaires' top 5 investing mistakes 6-4-2014
Millionaires' top 5 investing mistakes
Millionaires make some of the same investment mistakes as everyone else—it's just that their mistakes can cost more.
A new survey of millionaire investors around the world found five mistakes that are most common among millionaires.
The most widespread: failure to diversify. While a concentrated position in a single asset or industry can certainly help make someone rich, it's a recipe for disaster when trying to invest or preserve wealth.
The study by deVere Group, a global independent financial consultancy, surveyed 880 investors around the world with investible assets of $1.5 million or more. Of that, more than 100 were in the U.S.
A new survey of millionaire investors around the world found five mistakes that are most common among millionaires.
The most widespread: failure to diversify. While a concentrated position in a single asset or industry can certainly help make someone rich, it's a recipe for disaster when trying to invest or preserve wealth.
The study by deVere Group, a global independent financial consultancy, surveyed 880 investors around the world with investible assets of $1.5 million or more. Of that, more than 100 were in the U.S.
Dann Tardif | LWA | Fuse | Getty Images
When asked their number one investing mistake, 23 percent
of those surveyed cited a failure to adequately diversify their
portfolio.
Coming in a close second, at 22 percent, was "investing without a plan." Fully 20 percent said their biggest mistake was "making emotional decisions," and 16 percent said "failing to regularly review the portfolio." The number five mistake is "focusing too heavily on the history of an investment's returns."
Coming in a close second, at 22 percent, was "investing without a plan." Fully 20 percent said their biggest mistake was "making emotional decisions," and 16 percent said "failing to regularly review the portfolio." The number five mistake is "focusing too heavily on the history of an investment's returns."
Only a tiny fraction cited "impatience," "investing near the top of the market" or relying on advice from friends as top mistakes.
"Spreading your money around is a vital tool to manage risk," said Nigel Green, deVere's founder and chief executive. "However, it must be used correctly."
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