Stock Market Education this September

Aside from the usual FREE stock market orientation everyday given by the Philippine Stock Exchange, you can also go th the ff events. The free schedule at PSE is Mondays-Fridays, 9:30-11:30 am at PSE Tektite Training Room, PSE, Ortigas Center. RSVP Ms. Agnes Ignacio at 688-7534.

The Stock Market Simplified

This event organized by the UST College of Commerce Alumni and Young Alumni Achievers Council could be a good introduction for those of you who are just starting to get interested in trading the stock market. Its covers the basics of stock market investing, personal investment strategy, and introduction to technical analysis (which is a way of studying the market and helps you decide when to buy/sell).

When: September 18, 2008, 6-9pm
Where: PSE Tektite Trading Floor, 2F PSE Centre, Exchange Road, Ortigas Center, Pasig City
Registration of P500 (inc. food and materials). Fax the form to 634-6695 or email to mavalino@pse.com.ph

National Government’s Mid-Year Economic Briefing: The Philippines: Addressing Challenges. Staying the Course.

The Economic Team (the heads of BSP, NEDA, DA, DTI, Dep’t of Energy, Dep’t of Finance, and Dep’t of Budget and Management will personally discuss what’s going on with our economy.

When: September 17, 2008, 10am
Where: Rizal Ballroom, Makati Shangri-La Hotel, Makati City (near 6750 Ayala and Landmark along Ayala
Registration starts at 9am - First come, first serve. RSVP: Gigi Araneta 303-1580, Ivy Cabanlig 303-1582, John Alonzo 303-1510. Or email the registration form to info-iro@bsp.gov.ph or fax to 524-6695 or 303-1565

More advanced…

Technical Analysis Seminar

When: September 13, 2008, 8am-12pm
Where: PSE Tektite Training Room, Exchange Road, Ortigas Center, Pasig City
Registration of P5,000. RSVP Miko Sayo 0917-846-6242

Absolute Traders Chart Analysis Forum: Introduction to Technical Analysis Charting Workshop and Review of the Stock Markets

When: September 19, 2008, 7-9:30pm
Where: PSE, Exchange Road, Ortigas Center, Pasig City
RSVP Gwen Nava 732-8191

Even better Regional Events outside Metro Manila!

Benguet: Regina Capital Stock Market Seminar

When: September 13, 2008, 9am-12pm
Where: 2F DLL Bldg, Km. 5, La Trinidad, Benguet
FREE
RSVP Violy Hernandez (632) 848-5428

St. Louis Univeristy Baguio Stock Market Seminar

When: September 14, 2008,9am-12pm
Where: St. Louis Univeristy Bonifacio St, Baguio City
FREE
RSVP Prof. Trinidad (063) 4423046

When you go, do tell the organizers where you heard about the event, okay?

September 12, 2008 | Filed Under Financial Education | Leave a Comment

PERA Finally our Retirement Account for the Filipino

I’ve long been awaited a retirement fund akin to the IRA or 401(k) in the United States. Even Malaysia has the Finally, the Personal Equity and Retirement Account (PERA) Law has been approved by GMA and now awaiting IRR.

Championed by Sen. Edgardo J. Angara, he brings up the startling fact that 8 million Filipinos have no pension or retirement savings. Even scarier is that the reserves of SSS will run out by 2011; GSIS will run out by 2040 (World Bank study) — I haven’t found which paper this is; SSS will run out 3 years from now? Dire.

Next Step: Information Campaign for Entrepreneurs

SMEs/Entrepreneurs like myself can really maximize the PERA account once DOF finalizes the IRR. I can’t wait. Especially when I encourage tech-entrepreneurship, I’m troubled when I feel they should first get their personal finance in order. Especially now, with the onset of so many work-from-home virtual assistants and freelancers, Multiply/Sulit/eBay businesses, they don’t have the benefit of usual HRD programs. This way, the government helps them save — and maybe make them report their income too.

Sen. Edgardo J. Angara, a principal author of the bill said the country’s savings rate would go up to about 30 percent of gross domestic product, from 19-23 percent, with the signing of the law by the President. He said the scheme is expected to attract eight million individuals, specifically OFWs, and self-employed individuals or entrepreneurs who are not required to contribute to the SSS and the GSIS. Office of the President

How will PERA work?

I, as an “Individual” can contribute up to P100,000 a year to my PERA account. I can invest it in a UITF, mutual fund, bank deposit, etc. Supposedly, I can only choose one administrator (bank or financial company). Most likely Sun Life or BPI for me. What about diversification? I contribute regularly and can withdraw at age 55, proceeds will be tax exempt.

Personal Equity Retirement Account PERA Philippines

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