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Investing
3

Thoughts about Bitcoin

I’ve recently started a Facebook group for this blog where members are encouraged to ask any question about money. Out of the blue, one member asked about Bitcoin. In an effort not to monopolize the forum, I waited several hours. But nobody was keen on answering the question. I eventually end up …

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Relationships
7

Rich Mom, Poor Dad: tribute to my mom who saved us all

My mom came from a rich family in the northern Philippine town of Batac, Ilocos Norte. The same town where the late dictator Ferdinand Marcos, known for looting the country of billions of dollars, grew up. In fact, they were contemporaries. My mom told me stories about how Ferdinand’s father, …

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Credit
4

Awesome credit– you must have it!

You’ve probably heard this line a hundred times at the cash register before, “Would you like to apply for a store credit card? You’ll save 10 percent on today’s purchase”. That was the offer that I accepted from a BestBuy store clerk sometime in the late 90s, just a few months after I …

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Taxes

What if you didn’t have to pay taxes?

“None of us want to pay taxes again, ever.”— this was last of the many demands Harry Stamper (played by Bruce Willis) and the rest of his oil-drilling crew had against the U.S. federal government in the movie Armageddon. The 1998 science-fiction film was about a giant asteroid whose collision …

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Insurance
7

Why I’m switching to an HSA account

Do you know what’s the biggest expense that you will incur in your lifetime? Nope. It’s not your home. I remember my hands were shaking when I handed my agent a $43,000 cashier’s check as down payment for our house, 13 years ago. But like I said, it’s not the …

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Speculation
1

Aw, Snap! (I should not have bought the stock)

Buy what you know, and stick to companies with good long-term prospects and quality management– are 3 well-known rules that the famous investor, Warren Buffett, follow when buying stocks. None of these rules I followed when I bought 200 shares of SNAP when it went public last week. The purchase was done …

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American dream
4

What 20 years in America has taught me about money

Today is my 20th year anniversary living in America– the land of milk and honey. The place where pretty much anything that I’m accustomed to seeing is bigger. Bigger houses, bigger cars, bigger TVs., bigger you name it. I can vividly remember what my reaction was the first time I was handed …

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Relationships

Your spouse will have the greatest impact to your financial well-being

With Valentine’s Day just a couple of days away, I’m beginning to feel the pressure to come up with something really special for my wife. Traditionally, it would be fresh flowers– a bouquet of red roses to be specific. In the past, I hated buying flowers. I’ve always thought of it …

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My wife posing at the Jersey shore.
Investing
1

The real cost of buying that 65″ TV

Earlier this morning, I’ve sold a mutual fund that I held for 15 long years– Laudus International MarketMasters Fund™ (ticker symbol SWOIX). As the name suggests, the fund invests in shares of companies outside the United States. It falls under Morningstar’s “Foreign Large Growth” category because the fund manager’s focus is …

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Relationships
4

Why you should save for your kids’ college education

One of the financial concerns of every couple is saving for their kid’s college education. Some end up making excuses why they shouldn’t, among them: You cannot borrow for retirement, but you can borrow for college. It promotes responsibility– they’ll work harder academically. I don’t have much money left after …

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