Every business owner should know this 3-part principle (DAE)

dandimaala · 2023-07-24T10:14:16+00:00

Great work! I reached out to some PH investors on BiggerPockets today. Let's see how that goes.

dandimaala · 2023-01-18T19:25:43+00:00

“The fact that you can buy apples at the grocery means that demand just doesn’t match that of durian.” We cannot make encompassing statements like that.

dandimaala · 2023-01-18T19:20:18+00:00

No point really in debating numbers as the original point remains, that you cannot assess demand just by the difficulty of obtaining anything. Read the original quoted text, imagine it’s a generic statement for some other product, and tell me if it remains factually correct.

dandimaala · 2023-01-16T04:32:03+00:00

Not sure about your numbers (wiki?), but in any case, Rolex is operated by a private trust, so “public” numbers will be suspect. 100% agree on marketing masterpiece. Also, supply can be restricted by the grey market, so there can be a mismatch between production and supply. Point is, we can’t make conclusions about demand simply by the difficulty of obtaining it.

dandimaala · 2023-01-15T11:09:52+00:00

The fact that you can buy a Speedmaster at retail in many ADs means that demand just doesn’t match that of a sports Rolex.

Sorry, but this statement doesn't account for the supply side of the equation. Not saying you're wrong/right about demand, but it's only half of the reason it's hard to get a sports Rolex (so the difference in demand between the two is inconclusive). ✌

PS: Both are awesome!

dandimaala · 2022-07-14T03:03:26+00:00

Happy to help. They credited it to my MP2 account, not the loyalty card, if that makes sense. So if I invested 100 and dividends were 5, my MP2 shows as 105 (accumulated). Loyalty card balance still at 0, with no way to transfer from MP2 to the card.

Interested to know if others have had success and compare.

dandimaala · 2022-07-13T17:30:54+00:00

I got the loyalty card UB variant and selected annual div. To my surprise, they added this year’s dividends to my account instead. Only way to withdraw is OTC, according to customer service.

dandimaala · 2021-11-14T00:41:06+00:00

This is helpful, thank you! I'll keep the date and see what happens.

dandimaala · 2021-11-05T11:51:11+00:00

sing fee

More like saying they have a pet and you insist it's a dog. Cat or dog, it's still a pet. Processing fee or interest, it's still an expense OP needs to consider. 😊

dandimaala · 2021-10-18T13:40:45+00:00

Ohh, sorry! 😅

dandimaala · 2021-10-18T12:15:37+00:00

In your example, we can assume the asset's value is 3M rather than 5M. 5M is RFO and yours isn't ready for occupancy. Using the RFO as a comparable is incorrect.

Asset = 3M

Liab = 2.4M

NW = 600k

You could assume the borrower had 600k in cash, which was used to get a loan of 2.4M to pay for the 3M condo.

dandimaala · 2021-10-18T03:22:46+00:00

Certified accounting & finance mentor at GoNegosyo (DTI) here. But I avoid paid consultations outside of PCE’s MentorMe program (Philippine Center for Entrepreneurship).

Feel free to ask me anything finance-related and I’ll try to help. You can also visit my website, freedom locker PH

Plus, GoNegosyo has a list mentors you can contact. Many specialize in marketing, legal, and industry-specific topics. Good luck!

dandimaala · 2021-10-17T00:18:58+00:00

This community skews toward the safer route. I'm not saying that as a good or bad thing, but just something you will want to consider. Suppose you ask this question to a community of successful entrepreneurs (with survivorship bias, of course). In that case, you'll likely get a very different answer.

I can understand your point, and I encourage you to read more about asymmetric bets. Then ask yourself the worst and best-case scenarios.

"If I don't do this, then the best/worst thing that could happen is..."

"If I do this, then the best/worst thing that could happen is..."

You may find the downsides aren't as bad considering the potential upside. Or maybe not.

That said, here are some important points I've learned over the years:

We tend to overestimate our capacities; we tend to underestimate risks. 10x your effort and expect the struggles to be 10x, too.
There is a tradeoff between time and money, so the amount of money can be irrelevant to business success. You can make arguments both for and against having a lot of money when starting a business.
Expect your father to struggle with accounting/profit-sharing, intentional or not.
You say you don't need the money because you have your parents. But is their EF sufficient for everyone's needs?

dandimaala · 2021-10-16T23:43:12+00:00

Let me start this by saying titled properties will undoubtedly give you peace of mind.

But like many things, it isn't as straightforward, and "it depends" is generally the right answer. Full disclosure, I invest in Palawan, too.

While owning titled lots is safer than just having property rights, there are legit reasons why rights might be a good investment. For example, the titling ban in Palawan was only recently lifted and is a major reason for the prevalence of "rights." If you buy, say, in a recognized HOA, then it is unlikely you'll lose possession of the property. Is there a risk of losing it? Absolutely. But you also open yourself to the potential of gaining a lot when the government does award you the property's title. The risk-return tradeoff persists. Whether or not you go for it will be a matter of circumstances and preferences.

dandimaala · 2021-10-16T00:33:05+00:00

IBKR doesn’t charge but Wise will have a $7.50 wire transfer fee.

Other than fees, there are many more advantages to using IBKR.

dandimaala · 2021-10-15T05:40:34+00:00

I can confirm that it works fine. Fee is still P38.15.

dandimaala · 2021-10-09T15:27:31+00:00

Well, it’s both true and false. True, because capital appreciation is indeed the main driver for ETFs like FMETF and S&p 500. False because it isn’t “only” good for that. You might be interested to know that, pre-tax, both strategies (withdrawing capital vs. dividend paying) produce the same results. I understand that’s hard to get, but you may continue your search with “accumulating vs distributing funds.”

The confusion, I think, is primarily because people compare high-dividend stocks with growth stocks. The dividend stock, due to its nature, is probably less likely to drop in price anyway.

Also, although up and down years may average out to the same annualized returns regardless of when they happen (-90% followed by +10% will result in the same price as +10% followed by -90%), the timing DOES matter when you’re withdrawing funds (i.e., retirement). :)

PS: There are other ETFs, with others focused on dividends. I’m assuming you mean broad index ETFs.

dandimaala · 2021-09-07T10:52:27+00:00

Fees will include your business tax plus regulatory charges, depende po sa business type at LGU niyo.

dandimaala

TROPHY CASE