You have two companies, one "good" and one "bad". Both companies' stocks trade at P1 per share. On which of the two propositions below would you rather bet?A. That the good company's stock will be higher than the bad one's at the end of five weeks.B. That the good company's stock will be higher than the bad one's at the end of five years.If you chose the latter, you have discovered without losing a cent a truth that many investors take a lifetime to learn- that the market is unpredictable in the short-run but rational in the long-run.Investment is all about playing the long game. The careful practitioner seeks to minimize risk by removing speculation from the equation.
Saturday, June 28, 2014
Monday, June 23, 2014
*Buy now pay later schemes are still not that popular in the Philippines, but they're slowly making their presence felt, particularly in appliance stores. This post from Catalogues 247 should give us the lowdown on what to expect with such schemes, to see if this is something that we can use to our advantage.
Today, Buy Now Pay Later schemes, as well as other types of in- store credit managements, are on the increase in the UK. Simply put, in-store credit refers to the arrangement of buying goods or services in credit and then paying for them later. This facility is only available in certain stores or groups of stores. However, not many people think adequately about these schemes before opting for them. This kind of arrangement has both its advantages and disadvantages. Read on to find out about them:
Thursday, June 19, 2014
Thanks for the quote. It is a pleasure doing business with you. Your offer is affordable and it meets the budget plan of my clients. Now, my clients are ready to make the total payment of the stay for the
mentioned period Plus our Company's Commission of 950€. I have informed the client about it and so we will like you to recalculate the cost by including my agreed commission of 950€ and i will be
sending the client's credit card details, authorization to charge and all other necessary document to make the charge.
Kindly give me the total computation for the payment:
Compensation for your effort: 200€
The clients are aware of this commission charges to their credit card. Note that as soon as you get the full payment from their credit card, you will send my company's commission via Western Union money transfer or send it to my company account before client's arrival at your
hotel. Let me know if you can do this for us.
Thanks for working with us.
By then, all sorts of alarm bells were ringing in my head. An agency is collecting a Php60,000 (950 euros) commission for a Php27,000 tariff? And on top of that, the agency is paying the resort an additional Php13,400 (200 euros) for accommodating their guests?!
Monday, June 16, 2014
Sunday, June 8, 2014
Thursday, June 5, 2014
The thing about credit cards is that they make your daily life so convenient. Swiping for anything is so easy and the banks make it look so fun and glamorous, that before you know it, you're way above your head in debt.
But here's one thing the banks don't want you to know. You know those interest rates, penalties and charges in your credit card Terms and Conditions? Those penalties they slap on your account whenever you miss out on a payment? Those are illegal.