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Thursday, March 24, 2011

Mutual Fund Basics

Just what is a mutual fund? I think, for most of Filipinos, this kind of investment is a mystery. In fact I have never heard of this term in my entire school life. What I do know is saving in the bank and physical investments such as putting up a sari-sari (convenience) store or selling barbeque on the streets. Stocks or funds were terms uncommon to me during those days.

DEFINITION
According to wikipedia, a mutual fund is a professionally-managed type of collective investment scheme that pools money from many investors to buy securities (stocks, bonds, short-term money market instruments, and/or other securities). A mutual fund has a fund manager that trades (buys and sells) the fund's investments in accordance with the fund's investment objective.

In layman’s term, it is a kind of fund wherein groups of people share their money in order to buy a stock, bond or other investment securities. The pooled money is then managed by a fund manager, which is basically a person “employed” by the investors, to buy and sell stocks and investments.

WHY INVEST IN MUTUAL FUND?
Doing business or investing into something entails risk. This is also the case for mutual fund.
Unlike with other investments, the risk with mutual fund is minimal. Why? Because you have a fund manager, who is professionally trained who does the analysis on the market trend for you.
It is the duty of the fund manager to invest your resources on the right investment basket and since a fund manager is professionally trained and has better insights of the market than you are then you are sure that your money will not be waylaid. If you personally handles tha buying, selling of stocks there might be a possibility that you may lose money because aside from you do not have the proper knowledge and insights on the market trend you also are not entirely focused in managing your investment. You might be working in a company for 8 long hours (as in my case) or you are running your own business. With mutual fund you can “leave” your money in the hands of your fund manager and he will do the “growing” in your stead.


WHERE TO INVEST?
Well, there are lots of companies out there that can help you invest in mutual fund.
Personally, I have invested in First Metro Asset Management Inc.. PhilEquity is also a good company as well. There are lots of vehicle out there....search the net or you can email me for more details.

Wednesday, March 9, 2011

On Being Filipinos

I have come across an article created by Matthew Sutherland. It was actually sent to be by my friend thru email. And I guess this is one of those that were sent by friends to friend to friends… and so on. It is viral.

When I read the article, it was interesting to note the observations made by Matthew (a foreigner) with Filipino culture. It was nice. It reflects who we are in a sense from the perspective of a foreign eye.

And I guess, basing from his article, that Matthew loves the Philippines and the uniquely Filipino culture.

Although he may have not yet experienced our “bayanihan” spirit or he may have forgotten to indicate our Filipino hospitality, but I guess it may need another article for discussions.

Anyway, please read the article below and enjoy ….

Matter of Taste
By Matthew Sutherland

I have now been in this country for over six years, and consider
myself in most respects well assimilated. However, there is one key step on
the road to full assimilation, which I have yet to take, and that's
to eat BALUT.

The day any of you sees me eating balut, please call immigration and ask them
to issue me a Filipino passport. Because at that point there will be no turning back.
BALUT, for those still blissfully ignorant non-Pinoys out there, is a fertilized duck egg.
It is commonly sold with salt in a piece of newspaper, much like English fish and chips,
by street vendors usually after dark, presumably so you can't see how gross it is.

It's meant to be an aphrodisiac, although I can't imagine anything more likely
to dispel sexual desire than crunching on a partially formed baby duck swimming
in noxious fluid. The embryo in the egg comes in varying stages of development,
but basically it is not considered macho to eat one without fully discernable feathers,
beak, and claws. Some say these crunchy bits are the best. Others prefer
just to drink the so-called 'soup', the vile, pungent liquid that surrounds
the aforementioned feathery fetus...excuse me;
I have to go and throw up now. I'll be back in a minute.

Food dominates the life of the Filipino. People here just love to eat.

They eat at least eight times a day. These eight official meals are
called, in order: breakfast, snacks, lunch, merienda, merienda ceyna,
dinner, bedtime snacks and no-one-saw-me-take-that-cookie-from-the-
fridge-so-it-doesn't-count.

The short gaps in between these mealtimes are spent eating Sky Flakes
from the open packet that sits on every desktop. You're never far
from food in the Philippines. If you doubt this, next time you're driving
home from work, try this game. See how long you can drive without
seeing food and I don't mean a distant restaurant, or a picture of
food. I mean a man on the sidewalk frying fish balls, or a man
walking through the traffic selling nuts or candy. I bet it's less than one
minute.

Here are some other things I've noticed about food in the Philippines:

Firstly, a meal is not a meal without rice - even breakfast. In the UK,
I could go a whole year without eating rice. Second, it's impossible
to drink without eating. A bottle of San Miguel just isn't the same
without gambas or beef tapa. Third, no one ventures more than two paces
from their house without baon (food in small container) and a container
of something cold to drink. You might as well ask a Filipino to leave
home without his pants on. And lastly, where I come from, you eat with
a knife and fork. Here, you eat with a spoon and fork. You try eating
rice swimming in fish sauce with a knife.

One really nice thing about Filipino food culture is that people always ask you
to SHARE their food. In my office, if you catch anyone attacking their baon,
they will always go, "Sir! KAIN TAYO!" ("Let's eat!"). This confused me, until
I realized that they didn't actually expect me to sit down and start
munching on their boneless bangus. In fact, the polite response is
something like, "No thanks, I just ate." But the principle is sound -
if you have food on your plate, you are expected to share it, however
hungry you are, with those who may be even hungrier. I think that's
great!

In fact, this is frequently even taken one step further.
Many Filipinos use "Have you eaten yet?" ("KUMAIN KA NA?") as a general
greeting, irrespective of time of day or location.

Some foreigners think Filipino food is fairly dull compared to other Asian cuisines.
Actually lots of it is very good: Spicy dishes like Bicol Express (strange, a dish
named after a train); anything cooked with coconut milk; anything KINILAW;
and anything ADOBO. And it's hard to beat the sheer wanton, cholesterolic frenzy
of a good old-fashioned LECHON de leche (roast pig) feast. Dig a pit, light a fire,
add 50 pounds of animal fat on a stick, and cook until crisp. Mmm, mmm...
you can actually feel your arteries constricting with each successive mouthful.

I also share one key Pinoy trait ---a sweet tooth. I am thus the only foreigner
I know who does not complain about sweet bread, sweet burgers, sweet spaghetti,
sweet banana ketchup, and so on. I am a man who likes to put jam on his pizza. Try it!

It's the weird food you want to avoid. In addition to duck fetus in the half-shell, items to
avoid in the Philippines include pig's blood soup (DINUGUAN); bull's testicle soup, the
strangely-named "SOUP NUMBER FIVE" (I dread to think what numbers one through four are);
and the ubiquitous, stinky shrimp paste, BAGOONG, and it's equally stinky sister, PATIS.
Filipinos are so addicted to these latter items that they will even risk arrest or
deportation trying to smuggle them into countries like Australia and the USA,
which wisely ban the importation of items you can smell from more than 100 paces.

Then there's the small matter of the purple ice cream. I have never been able to get my brain
around eating purple food; the ubiquitous UBE leaves me cold.

And lastly on the subject of weird food, beware: that KALDERETANG KAMBING (goat)
could well be KALDERETANG ASO (dog)...

The Filipino, of course, has a well-developed sense of food. Here's a typical Pinoy
food joke: "I'm on a seafood diet. "What's a seafood diet?" "When I see food, I eat it!"

Filipinos also eat strange bits of animals --- the feet, the head,
the guts, etc., usually barbecued on a stick. These have been given witty names,
like "ADIDAS" (chicken's feet); "KURBATA" (either just chicken's neck, or
"neck and thigh" as in "neck-tie"); "WALKMAN" (pigs ears); "PAL" (chicken wings);
"HELMET" (chicken head); "IUD" (chicken intestines), and BETAMAX" (video-cassette-like
blocks of animal blood).. Yum, yum. Bon appetit.

"A good name is rather to be chosen than great riches"-- (Proverbs 22:1)

WHEN I arrived in the Philippines from the UK six years ago, one of the
first cultural differences to strike me was names. The subject has
provided a continuing source of amazement and amusement ever since.
The first unusual thing, from an English perspective, is that everyone
here has a nickname. In the staid and boring United Kingdom, we have
nicknames in kindergarten, but when we move into adulthood we tend, I
am glad to say, to lose them.

The second thing that struck me is that Philippine names for both
girls and boys tend to be what we in the UK would regard as overbearingly
cutesy for anyone over about five. Fifty-five-year-olds colleague put it.
Where I come from, a boy with a nickname like Boy Blue or Honey Boy
would be beaten to death at school by pre-adolescent bullies, and never
make it to adulthood. So, probably, would girls with names like Babes,
Lovely, Precious, Peachy or Apples. Yuk, ech ech..
Here, however, no one bats an eyelid.

Then I noticed how many people have what I have come to call "door-bell names".

These are nicknames that sound like -well, doorbells. There are millions of them.
Bing, Bong, Ding, and Dong are some of the more common. They can be, and
frequently are, used in even more door-bell-like combinations such as
Bing-Bong, Ding-Dong, Ting-Ting, and so on. Even our newly appointed
chief of police has a doorbell name Ping. None of these doorbell names
exist where I come from, and hence sound unusually amusing to my
untutored foreign ear.

Someone once told me that one of the Bings, when asked why he was
called Bing, replied, "because my brother is called Bong". Faultless logic.
Dong, of course, is a particularly funny one for me, as where I come from "dong"
is a slang word for well; perhaps "talong" is the best Tagalog equivalent.

Repeating names was another novelty to me, having never before
encountered people with names like Len-Len, Let-Let, Mai-Mai, or Ning-Ning.
The secretary I inherited on my arrival had an unusual one: Leck-Leck.
Such names are then frequently further refined by using the "squared" symbol,
as in Len2 or Mai2. This had me very confused for a while.

Then there is the trend for parents to stick to a theme when naming
their children. This can be as simple as making them all begin with
the same letter, as in Jun, Jimmy, Janice, and Joy.

More imaginative parents shoot for more sophisticated forms of assonance
or rhyme, as in Biboy, Boboy, Buboy, Baboy (notice the names get worse the more kids
there are-best to be born early or you could end up being a Baboy).

Even better, parents can create whole families of, say, desserts
(Apple Pie, Cherry Pie, Honey Pie) or flowers (Rose, Daffodil, Tulip). The main
advantage of such combinations is that they look great painted across your trunk
if you're a cab driver.

That's another thing I'd never seen before coming to Manila -- taxis with the
driver's kids' names on the trunk.

Another whole eye-opening field for the foreign visitor is the phenomenon of the
"composite" name. This includes names like Jejomar (for Jesus, Joseph and Mary), and
the remarkable Luzviminda (for Luzon, Visayas and Mindanao, believe it or not).
That's a bit like me being called something like "Engscowani" (for England, Scotland, Wales and
Northern Ireland).. Between you and me, I'm glad I'm not.

And how could I forget to mention the fabulous concept of the randomly inserted
letter 'h'. Quite what this device is supposed to achieve, I have not yet figured out,
but I think it is designed to give a touch of class to an otherwise only averagely weird name.
It results in creations like Jhun, Lhenn, Ghemma, and Jhimmy. Or how about Jhun-Jhun (Jhun2)?

How boring to come from a country like the UK full of people with names like John Smith.
How wonderful to come from a country where imagination and exoticism rule the world of names.

Even the towns here have weird names; my favorite is the unbelievably named town of Sexmoan
(ironically close to Olongapo and Angeles). Where else in the world could that really be true?

Where else in the world could the head of the Church really be called Cardinal Sin?

Where else but the Philippines!

Note: Philippines has a senator named Joker, and it is his legal
name.


Related links:
Cebu's Taoist Temple
Great Places in Cebu