How should one invest in a bear market?

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The stock market is falling, and I’m afraid to invest because everything is going down. What’s the strategy when it’s a bear market? Should I avoid investing? Or should I buy now because prices are low? Answer: This is a superb question because there are a lot of misconceptions out there about true value investing […]

How can I save more money?

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I want to save more money. I’m already doing the pay yourself first strategy, and trying to spend less eating out and bringing meals to work that I cooked at home. But I’m looking for more ways. Answer: First, don’t look at it as deprivation. Instead, look for all the amazing things you can do […]

What’s a simple business to put up?

Posted in Business & Entrepreneurship, Freelancing, Income Opportunities | No Comments

I just want to earn something extra. So I need a simple business that I can put up. Nothing permanent, just something to give myself more cashflow for a few months. Thank you. Answer: It depends on what you can do, especially your skills. But here’s a few suggestions: 1. Rent extra space in your […]

How to transfer money from BPI to another account?

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I want to transfer money from my BPI savings account to another BPI account that’s not under my name. I transfer funds to a lot of people, and they’re different every time, so I don’t want to enroll them. Is there are way to do this? Thanks. Answer: Yes, because BPI has a transfer to […]

Which is the best insurance company in terms of investments? VUL performance?

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Can you please advice me which is the best insurance company in terms of investments? Manulife? Sunlife or Philam? Thanks. Answer: Ask yourself first what your needs are. If you need life insurance, then go to a life insurance company, but if you need an investment, then go to an investment company (and not an […]

Are UITFs good investments?

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I’m ready to invest. I have my emergency fund and a life insurance policy. Now, it’s time to invest and I know there are many investment options. I am particularly leaning toward UITFs. I’m a beginner, so are UITFs a good investment? Answer: Are UITF investments good or bad? Well, there’s no one best answer […]

Buy a brand new car or second-hand car? Which is better?

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On buying a car, they say that you’ll lose money on depreciation when you buy a brand-new car while others say maintenance for a second-hand unit is more expensive. All things being equal, should I buy a brand-new car or a second-hand one? Answer: At first glance, it will seem that buying a pre-owned unit […]