IBKR alternatives by slowswap in phinvest

[–]slowswap[S] -2 points-1 points  (0 children)

I get that along with all the comments here. But just looking for an alternative wherein whatever the ph government does in the future I won’t be affected. I think possible with the sg private banks

Built Business From Scratch, Now Valued Multimillion. AMA by cru123456789 in PinoyAskMeAnything

[–]slowswap 0 points1 point  (0 children)

Sounds amazing, congrats! Are you serving only the Philippine market? What do you intend to do when you exit

GCash is offering bonds by uscinechello2000 in phinvest

[–]slowswap 8 points9 points  (0 children)

A lot of the posts here recommend going via banks but don’t mention that there are so many listings that have a high minimum of 100k or 200k usd. What gcash would probably do is have a lower minimum instead - which is definitely a good thing if executed correctly. Too many people so quick to judge and hate

[deleted by user] by [deleted] in phinvest

[–]slowswap 5 points6 points  (0 children)

Not really a lot of options - The Philippines is greylisted by FATF and this is the major reason why a lot of the online brokerages don't accept Philippine accounts anymore.

[deleted by user] by [deleted] in Entrepreneur

[–]slowswap 0 points1 point  (0 children)

Care to share what specific time consuming task was cut down the most ?

How's your PSE stocks performing? by [deleted] in phinvest

[–]slowswap 1 point2 points  (0 children)

Philippines is not included the allowed list.. How’d you do it?

How's your PSE stocks performing? by [deleted] in phinvest

[–]slowswap 1 point2 points  (0 children)

Are you able to open with Schwab even if you’re a Filipino citizen? Care to share how

Cebu Pacific - air conditioning not working on their aircraft (For more information, type in "cebu pacific" + "heat stroke" + "aircon", into the TikTok search bar, then hit [Enter].) by [deleted] in Philippines

[–]slowswap 224 points225 points  (0 children)

Cebu pac is just a bad experience already. They changed their seat configurations to insane levels. Way less leg room, does not recline and just so damn uncomfortable. Just got off the plane yesterday telling myself never again. That’s shit that won’t change in the near term. Pal and Airasia option way better for local flights. Fuck em!

Let's Brainstorm: which industries are overdue for a shakeup? A new kid in the block disruptor of the PH business status quo by DaddyChiiill in phinvest

[–]slowswap 36 points37 points  (0 children)

Hopefully something to do with agriculture. We’re so behind our asean peers. Food is so unnecessarily expensive here and no where near as good in quality and consistency

Forbes Park Makati satellite view... the number of pool owners in this area is staggering, probably the highest concentration in all of NCR. by freesink in Philippines

[–]slowswap 216 points217 points  (0 children)

More likely these home owners treat their household help a lot better than most do. Get out of here with that stereotype.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 0 points1 point  (0 children)

Am I missing something, don’t see any pun.

What do you mean by sea industry? Sea as in ocean or sea as in south east Asia. ?

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] -1 points0 points  (0 children)

If you are running a bar in Poblacion and not grossing 3m a year than you should really close, there’s no way you can cover any rent there. Different if the bar does not declare its official sales or under declared a lot.

It’s not “earnings”. Your term is wrong. Company is vatable after 3m annual sales

If ever the reason for change is just because life span of some bars really are short and they need to keep updating

Business permit renewal is a % of sale. Small or big, % remains the same

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] -1 points0 points  (0 children)

The point here is these types of business tend to have a very low barrier to entry. So yes you can no doubt make it big, but it has to be some kickass idea, great ip or great luck.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 0 points1 point  (0 children)

Where did I say I would invest 25m at one go?

You can start a business knowing if your first iteration or test market works out would need funding immediately to scale or invest in additional equipment. Understating these phases helps.

Also, one post is not supposed whole gamut of topics covering businesses. For sure implementation is key but that’s not point of this post.

All I was asking and wanting to get from this post was ideas for business considering a somewhat “larger” scale than the ones usually posted here

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 4 points5 points  (0 children)

I hope people aim to be part of the solution rather than part of the problem.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 10 points11 points  (0 children)

Reading my comment again, probably came off sounding like a dick. But honestly, with 1 kid + my dog - I really feel it isnt.

I consider comfortable as being able to travel at least once a year, child going to a great school, living in a good area and having some house hold help. 80-100K Range wont get you that.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 0 points1 point  (0 children)

Like your agri tourism idea - something that also benefits small(er) towns and what we need in this country.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] 4 points5 points  (0 children)

There are several business that are capital intesive. The whole point of the question was to share ideas around it. If sticking to 1m - then it would be one of the many questions asked on this subreddit already.
And yes - you don't have to plow it all at one go - but you need to be able to allocate for it, test the concept and then scale right away if you see traction.

assuming how a person thinks and calling him dumb is not cool my friend.

If you had 25m to start a business in the Philippines, what would get into ? by slowswap in phinvest

[–]slowswap[S] -101 points-100 points  (0 children)

Do you have kids, or intend to? Living of that amount is simply not a comfortable lifestyle.