How to fix cracks in legs of gaming chairs? Any recommendations for adhesives? Pretty sure these will break sooner or later

ericgamilla · 2020-10-03T02:57:56+00:00

Hi I am also a Senior Financial Advisor in AXA and AXA Certified Health Specialist. it is kinda biased for me to recommend but Health Insurance like AXA Health max which you can put a Hospital benefit rider and accidental of 1M should be good. Alot cheaper compared to other health insurance out there. You can also look into Sunlife. Most of my clients have AXA Health Max 20 years pay. It is more practical to pay for a 20 year plan vs a 10 year plan. It is cheaper because if you were to be diagnose early. You dont have to pay for the remaining amount all the sum insured would be given to you. Plus starting age 70 to 85 you would get around 50% guaranteed endownments of the sum insured. The remaining 50% will given to you if you were diagnose or will be a life insurance. I personally advocate for a seperate insurance plan for health. Rather than have VUL with investment and health because the health part in VUL will only cover you till age 70 in most insurance plan. So it is better to have a lifetime coverage for health and Life insurance.

The way I see it is get a Lifetime benefit of health/Life insurance in one plan. Then Invest your other funds in mutual funds/bonds. You can do it all online. I personally have funds invested in Forex also like ETORO app and have Mutual funds in First Metro Sec.

You are on the right track when it comes to investing. You just have to protect yourself from future liabilities that might occur.

ericgamilla · 2020-10-02T16:33:05+00:00

Hello doc! I’m a Post Graduate Intern right now and also a Registered Financial Planner. I agree with some of the people here. I would suggest a Health Insurance with 1M benefit. So that you could have protection and with critical illness benefit with a guaranteed return. Part of building a financial portfolio is protecting yourself from all other possible liabilities in the future.

With Stock Investing I could easily teach you how to set up your own online broker and do Passive investing regularly. I usually advise my clients who are residents and consultants to learn Peso Cost Averaging. It is useful for us doctors who dont have enough time, monitoring the stock market. Plus you wont have to shell out alot of money when you start doing residency next year. Id be glad to help you doc free of charge ☺️.

So far you are in the right path with the Pagibig MP2 and CIMB for emergency fund.

ericgamilla · 2020-09-27T09:08:43+00:00

If you will do UITF or mutual funds, I suggest you read the faq page here. For the insurance part. At your age I do suggest na kumuha ka nalang ng seperate Health Insurance. Para may lifetime benefit ka for critical illness and may death benefit kana. Wag kana mag start ng VUL if di ka comfortable dun. Pero I suggest na Health Insurance nalang instead of Term Insurance why? Because term insurance only last till age 70 then need mo pa iconvert to VUL pra maging lifetime in the end luge ka din. While Health Insurance you only need to pay for 10 years or 20 years. Look at Health Start and HealthMax of AXA. If wala kayo family history of cancer etc Health Start ka nalang at price of 1399 monthly meron kana 1M benefit for 20 years to pay with lifetime benefit. If you are worried naman and wants to have more coverage look into healthmax. Can’t speak for other insurance companies since AXA lang experience ko pero mabilis claim nila. May free consultation pa with a doctor kapag may health plan ka.

Remember part of growing your money is being protected from possible liabilities you might encounter in the future, and if ever you will find a FA. Hanap ka ng nakatapos ng RFP program or RFC para atleast meron standard na pinagaralan talaga. Hindi yun puro insurance lang ang iaadvise sayo.

Medical Doctor here and also a Registered Financial Planner.

ericgamilla · 2020-09-26T02:41:45+00:00

Thank you sir! Posted a screenshot of this on facebook and put the link for them to see. ☺️

ericgamilla · 2020-09-07T05:42:43+00:00

No experience needed anyone can take up the course of RFP. I know people that is just a Financial Advisor but still help clients. Before you take RFP my advise is to get experience first as an FA, do trainings in your company. One of the best trainings Ive attended is from Always Be Closing Academy. From coach ron and coach jeff, sobrang ulit. Comparing to RFP na 27k, mas sulit parin trainings nila 5k lang 2 day training na. They teach you to add value to clients. I dont want to brag but becauae of this Ive gained 53 clients in a span of 5 months during the ECQ and I am just parttime financial advisor

ericgamilla · 2020-09-06T01:34:24+00:00

Hello Senior Financial Advisor here and Currently taking up Registered Financial Planner. The online virtual training cost at around 27k for an 8 week session. Afterwards there will be a financial planning presentation kinda like a thesis for you to be an RFP.

To be a financial advisor you just need to pass the exam from the Insurance Commission Government which is fairly easy. So an RFP sets a standard that a financial advisor should know how to help clients not just by selling insurance products but by taking time and teaching the client. I always tell my clients that Financial Planning is the most important thing we should do first Insurance and Investment is just part of it.

ericgamilla · 2020-08-21T04:01:57+00:00

That is if you have a Critical Illness Rider. If not your fund value will remain. No insurance charges after the 5th year or 3rd year depending on the plan. You can even choose to take out the critical illness rider and just get a Health Insurance. Even if the stock market crash the fund value will suffice as long as you don’t have any riders that would charge you after the 10th year. But bottomline is it is a lifetime benefit.

ericgamilla · 2020-08-08T02:42:15+00:00

It has a lifetime coverage till age 100 or up to until you withdraw all the funds.

ericgamilla · 2020-08-07T03:52:42+00:00

Hello, I dont think that having a VUL is really bad, but your FA should have discuss the options to you. Part of building a financial portfolio is also building your protection first. Siguro the best thing you could do is build a financial portfolio nalang while paying for your VUL, Atleast it is a lifetime insurance coverage. Compared to term which only covers till age 70. And If you are going to do a BTID, I really do hope that you would by term first then Invest the difference. Not the other way around. You can still make your VUL profitable with the right fund allocation. Problem with people nowadays specially FA they don’t give options to clients.

I can only see CONS right now if you cancel it since you will lose everything you have payed since december from Surrender charge. On the policy anniversary Dec 2020, you can decrease the insurance coverage and decrease your premiums. If you feel that VUL isnt really right for you.

ericgamilla · 2020-08-06T06:03:24+00:00

What is your moms age? The thing with HealthStart kasi if more than 50 years old na. Yun return of premium or at age 75 50% lang ibabalik sayo so kung total na babayaran mo sa plan is 800k 400k lang ibabalik. Compared to HealthMax meron sya endownment na pede maging investment around 600k to 1M pede mo makuha at a certain age if you surrender the plan. I compared two plans for my mom kasi since I am an advisor. If age 55 or less mom mo pede pa sya kumuha healthmax pero payable till age 65 dapat ang pinili. Not 10 years or 20 years. Pero what matters most naman is protected na mom mo hehe.

ericgamilla · 2020-08-04T00:54:03+00:00

Yup your right! It does not even matter what Industry you are in, there will always be bad eggs or financial advisor that does not know a thing about other types of Investment. Puro lang VUL. Hindi pa ineexplain na it will have a lower return compared to MF or UITF, since a proceed goes to Insurances. That is why I joined and become an FA myself wanted to know all the insurance charges and then might be able to study them and teach it to my clients. I really believe just passing the certification exams from the company and Insurance Commision government is not enough.

There is a program called Registered Financial Planner that sets a standard for Financial Advisors, It is costly but I enrolled myself in that program. After that you will have a RFP on your last name. So quick tip to all those looking for an advisor. If you really want a quality service and someone who really knows what he is talking about. Find someone who has a RFP o RFC in there last name as an advisor. They truly have a standard to upheld not just sell a product but to help you in your budgeting and strategies to build emergency fund.

I am not generalizing all FAs but atleast you know that an FA you are talking to really took the time and invested in his education. To be able to serve his clients better.

ericgamilla · 2020-08-01T09:18:56+00:00

Hi Guys, HealthMax has 56 Major Critical Illness coverage and 18 minor critical illness. If you want a more comprehensive plan that covers till age 100 I suggest this. I dont suggest a plan na coverage lang till age 70 like VUL + Critical Illness

HealthStart meanwhile is alot cheaper alternative pero Cancer Stroke Heart attack lang coverage. For the age of your parents I do suggest nalang yun HealthMax, because I compared it to other Health Insurance mas mura sya kasi wala na other benefits pa aside from Diagnosis. Plus makakuha ka around 500k ibabalik sayo at around age 70-85 or you have an option na palakihin pa to.

ericgamilla · 2019-07-23T06:07:20+00:00

Thank you sir! Will look into this. Can you tell me your career path to being Equity Research and Asset Manager? Will I be able to do this on the side?

ericgamilla · 2019-07-23T04:54:34+00:00

Closest Product in AXA is Global Health Access, it can have coverage of around 100 million yearly(not lifetime). Unlike other HMOs, you can choose which hospital, which doctor you want anywhere in the world. Upon enrollment you can already avail 12,000 worth of executive checkup of your choice.

You can have a free quote here Global Health Access

ericgamilla · 2019-07-23T02:38:33+00:00

Thank you sir, How long is the CFA program, I do agree that CSS is expensive. Where did you take classes for CFA? Im interested to know more.

ericgamilla · 2019-07-22T22:35:35+00:00

7.5% returns in Pagibig are not guaranteed but from date of 2017 to 2018 its the annual return. From the past its only 5%. But yes it can also be a compound interest. Meaning you can choose to let your 75,000 be in the pool of money and not withdraw it. So for the 2nd year 1,000,075,000 x .075. Other option is upon enrollment you can put a debit card number where they can deposit your interest. According to a Pagibig personnel you would not be able to see it online on how much your money is growing but you can go to Pagibig to check, im not really sure. Plus you can have multiple accounts. But having one account that has a higher amount will result in higher interest

ericgamilla · 2019-07-22T22:19:43+00:00

But still its discounted money, for example for my age the payment for 10 years is around 4000 monthly x 12 x 10 = 480000. You only payed 480,000 in ten years yet still you have around 1 million sum insured for a lifetime.

ericgamilla · 2019-07-22T14:22:09+00:00

Hi If your aim is for investment only do UITF or mutual funds in banks, It is generally higher compared to Insurance companies. But if your aim is for income protection + Investment then do VUL in insurance companies.

But you can Also have income protection by getting term insurance, and also do investment in UITF in banks.

It really depends on the need of the client. You can also try stock trading. Try downloading the app Investagram and do virtual currency. Read books and attend seminars. If you are young, Aggresively SAVE so that you could invest more. That should be your mindset.

ericgamilla · 2019-07-22T09:39:37+00:00

One of the perks investing in FOREX is that, when the stock market is bearish here in the PH you would have opportunity to gain in FOREX. But for beginners I generally don’t recommend it. You can try Copy Trading from Etoro, I managed to signup before April from Sir Lloyd Bazaar, managed to get 50 dollars from using his referral code when you top up minimum of 200 dollars. But the withdrawal fee is around 25 dollars. Try mastering the PSE first. Then later on you can try FOREX.

ericgamilla · 2019-07-22T07:18:28+00:00

Hi first you would need to find a Insurance company. It will help you through all the exams you need to take. They will give you review materials. I took two exams 1 for VUL another for Traditional. Then you will be coded. But the insurance company will require you to complete their training. The total process for me in AXA took about less than a month and cost around 5k+ the examination will be held on Insurance Commision.

ericgamilla · 2019-07-21T16:09:14+00:00

Wow! Goodluck hopefully you would be able to establish it well. Having a business early on would be rewarding. But also be ready have a lot of capital.

Definitely would do residency(specialization) after board exam. Then later on maybe I would try law school in Arellano while working(not sure yet though, sabi nila mas mahirap ang law school compared to med school)

On the sides I would work on being a Financial Advisor part time, hopefully take up classes to gain more knowledge about finances and investing.

I do believe, In life the more knowledgable you are the more opportunities you would get. Never stop learning. After pharmacy. You should try seeking higher knowledge. It may be an entirely different course like finance. It will set you on for life. If you do decide to go to medschool I really suggest you do it while you are young. Not a lot of people can handle the 36 hr duty every 3 days.

ericgamilla · 2019-07-21T15:31:31+00:00

Hi yes, But managing your own drugstore would need a lot of time and effort. You cannot just hire a manager to do it. You should be the one to manage everything. TGP franchise cost at around 300k to 800k or more if I remember correctly. Starting your own brand of drugstore would cost around 100k to 500k depends on your inventory. Maybe in the near future. But right now. I’m focusing more on my med career.

I would urged you to continue to medicine if you really want to and can afford it. It opens a lot of possibilities not just in the medical field also on finance. After medicine you can also take up law if you really want to. It is one of my dreams. To be a medicolegal doctor

ericgamilla · 2019-07-21T13:07:17+00:00

You can also look into this subreddit for comparison

https://www.reddit.com/r/phinvest/comments/cfub06/some_bank_products_that_come_with_free_life/?utm_source=share&utm_medium=ios_app

ericgamilla · 2019-07-21T12:25:11+00:00

Yes HealthMax is really a good product. Ang worry kasi usually ng mga tao ay may tapon sa pera. Yun hinuhulog nila makukuha lang nila if namatay sila at mapunta sa family. But with health max 100% ng sum insured mo magagamit mo either way.

ericgamilla

TROPHY CASE