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Stretching My Funds


wayneseymour01

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wayneseymour01

I plan on moving to Cebu in a few months to get married . I have 50000 after the meltdown and get about 500 per month. I want to buy a home and invest the rest what is a good venture.We don't plan on having kids(we're both past that stage in our lives). could a small franchise be workable? Not looking to get rich just live and relax.

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in that case i seriously suggest that you do not invest in anything .

well as to me when and if you find your self burdened with to many big screen TV or to many cars ,, or bikes dont suffer alone just drop them off at my house and i will take them without charging you

your heart is in the right place but your body might not like it... riding a jeep is low cost but riding a jeep in traffic for hours is to me like smoking a carton a day...

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Davaoeno
Not looking to get rich just live and relax.

 

in that case i seriously suggest that you do not invest in anything .

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smokey

even if you can find a tier 2 at 7 or 8% with 50 invested that is just cutting it way to close to the vest its a day to day thing..... better i think would be to invest it in real estate in the states and try to collect some rent... houses here in the subdivision i am in rent for 900 to 1,000 yet most investors ,,, lets see you buy a place for 90 .. you put 40 down the rest is about 380 a month plus hoa 70 and rent is 900 .. wow 50 is tight maybe a small call center would work...

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Sushi Boy

Please explain more because you say you get 50,000 and then 500 a month, now is this 500 a month coming from the 50,000 in monthly installments or in addition too? Any type of business is a crap shoot here and you may do better trying your luck in a casino for that fact.

 

If you are thinking of moving to Cebu and living on 500 a month you should read the many topics on here regarding that and think twice no matter what any Filipino tells you, its a huge difference from what you may be thinking living is and what a local is able to live on. In my opinion you should have way more than 500 a month to live here.

 

Good luck to whatever path you choose.

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smokey

Please explain more because you say you get 50,000 and then 500 a month, now is this 500 a month coming from the 50,000 in monthly installments or in addition too? Any type of business is a crap shoot here and you may do better trying your luck in a casino for that fact.

 

If you are thinking of moving to Cebu and living on 500 a month you should read the many topics on here regarding that and think twice no matter what any Filipino tells you, its a huge difference from what you may be thinking living is and what a local is able to live on. In my opinion you should have way more than 500 a month to live here.

 

Good luck to whatever path you choose.

 

 

 

for a white guy anything less then 900 is really hard to do i think

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senseless

I plan on moving to Cebu in a few months to get married . I have 50000 after the meltdown and get about 500 per month. I want to buy a home and invest the rest what is a good venture.We don't plan on having kids(we're both past that stage in our lives). could a small franchise be workable? Not looking to get rich just live and relax.

 

Don't open a business here. It's just not safe.

 

50K in a decent dividend stock could yield an additional 500$/month. If you set that up into a DRIP (Dividend Reinvestment Program (Tax Free)) you could just sell shares when needed and let it compound otherwise. When you sell shares you'd just have to pay capital gains at 15% or w/e obama cranked it up to.

 

PGH is one of my favs. Own quite a bit of their stock. They pay monthly. But, it doesn't have to be a monthly stock. BP, or really, any oil or gas stock will reliably send out dividends. Just buy it when it's low (as always). When that big spill in the gulf hit, it was a prime time to buy BP, and indeed I did purchase a bit of stock then. However, i did later sell my BP (for a 30% gain) and do not currently hold any.

 

Just wait for the next disaster or low stock value and pick it up. PGH is currently near it's 52 year low. Great time to buy.

 

I would not recommend living here on anything less than 2K a month. Life would be miserable, unless all you do is putz around and drink.

Edited by senseless
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LastManStanding

Don't open a business here. It's just not safe.

 

50K in a decent dividend stock could yield an additional 500$/month. If you set that up into a DRIP (Dividend Reinvestment Program (Tax Free)) you could just sell shares when needed and let it compound otherwise. When you sell shares you'd just have to pay capital gains at 15% or w/e obama cranked it up to.

 

6k a year on dividends on a 50k purchase....where you investing??

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senseless

6k a year on dividends on a 50k purchase....where you investing??

 

PGH has been reliably issuing 0.07$ CAD (roughly 0.067$USD) per month, before that, they were issuing 0.25$CAD per month (roughly 0.20$USD at that time).

 

If you buy on their low end at roughly 7$USD per share (currently 7.31) you can obtain a 7 year doubling period give or take a few months.

 

7 / (0.067 * 12) = 8.7 years or roughly 10% APY

 

They recently bought out another company and issued shares to that company's holders. The stock was devalued due to the issuance of new shares, and many of the buyout's holders sold off after converting. As a result, the stock price is currently low. But even if the stock price doesn't go back up it's still a good investment. Typically the stock has been hovering around 12$ for the last few years. They own substantial natural gas property in canada. Also it was a devaluation in the sense that new shares were issued; but the increase in holdings should more than make up for that difference.

 

Couple days ago I managed to pick up a substantial share @ 6.85$ (between 11-12% of value in dividend yields yearly)

 

You just have to wait for the really good deals; and be ready to take advantage of them when you can. My margin account helps me with this quite a bit. Even if I don't have the cash available immediately I can borrow up to 100% of the stock I already own. Meaning, if I own 50,000$ worth of stock, they will allow me to purchase up to an additional 50,000$ worth of stock. So, A deal comes out, oil spill, some publicity nightmare, whatever, shit, no cash available, buy on margin, then transfer cash when I can. I don't get charged interest on the loan if I pay it off within 30 days.

 

I stick mainly with oil/gas/power. Not a big fan of tech, bio tech, etc. I always get burned in tech. I like to stick with the essentials. If for instance, American Electric Power (AEP) goes out of business a large percentage of the US will be without power and the US will go to shit overnight. If that happens, it doesn't really matter what I own stock in. (Think, that week long black out a decade or so ago, imagine if that went on long enough that there was no more food and water....).

 

Wind farms should be a great return on investment. However, I'm not seeing any wind farms (Stand alone, AEP has wind power holdings for instance but also nuclear and coal, etc) that are publicly available that have dividends. There's no reason that a wind farm shouldn't be able to yield at minimum 10% annually.

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expat08

1st. Have you met this woman ever before here in Cebu? I'd meet and spend a good year to get to know her before marrying. There is alot of BAIT HOOK AND SINKER here. Internet marriages area dangerous thing and I doubt $500 (22,000 PHP) monthly will satisfy her desires let alone her friends and all her relatives. Cebu is more expensive than you think. There are many beautiful women in this city and well educated, professional and mature. If that is what you got then well you have a winner. Just be careful.

 

I live on 35,000 PHP / Monthly and still it isn't great. You really need about 70-100k monthly to live a decent life here in Cebu City.

 

2.2 Million Pesos ($50k USD) is not enough to invest. By Law also you can not own any part of the LOT or HOUSE. Only Condos and Suites can you own as well as percent of businesses (depends on the industry allowed per RA Laws). Your filipina usually owns all of it even if you separate/annul so just keep that in mind.

 

You can do a Food Kiosks, Laundry Shop, Travel Agency, Large Sari Sari and other things. 250k-1 Million PHP starting investment. Not to mention the cost to keep it running plus initial marketing costs. Your ROI is not going to be on the levels of GDP in the US. Expect MUCH LESS that is more feasible for the Philippines.

 

.......

 

I'd get a developed LOT. Build a nice 250sq House with everything. Get a vehicle or two. Your furnishings and everything in the home. Start a small business like wholesale clothing online, sari sari store, something like a print shop and graphics store ID pictures....etc.

 

CITI BANK here has a 2% Interest Annual Yield and does Dollar to Dollar international transfers for next to free to a USA Citibank Account. Minimal Balance of 100,000 PHP.

 

Easy way to transfer back and forth for free in US Dollars and safe. Citibank is stable here.

 

 

 

 

 

500 USD? Call Center Trainees at JP MORGAN CHASE make more than that. And they don't live great.

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expat08

I plan on moving to Cebu in a few months to get married . I have 50000 after the meltdown and get about 500 per month. I want to buy a home and invest the rest what is a good venture.We don't plan on having kids(we're both past that stage in our lives). could a small franchise be workable? Not looking to get rich just live and relax.

 

You are already a millionaire rich GOD to your filipina. To the rest you're just normal. Best of luck to you. You'll need it.

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It's not a lot of money to retire, especially when you consider the costs for visa renewal. Investing in any kind of business is a risk in the Philippines. I'd say you don't have enough money to retire, only if you live very frugal.

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expat08

5-6 Million PHP is enough to retire here.

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smokey

i suggest you apply for a K-1 and stay in the states that is just not enough/// if you get married she can get a job as a caregiver pretty easy and make at least 8 per hour to start there is just very few ways to make money in the philippines and if she is asking you to go there to invest well maybe you dont know her as well as you should yet...

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throttleplate

I had breakfast this morning at home,cost 110php for the ingrediants,I had lunch today at home,the ingrediants cost 125php,then i went swimming today at a hotel pool,cost me 100php,then i ate dinner at a thai restaurant 180php and left 20 php tip,then i went to the movie and it cost 200 php,then i had to buy load 200php,i took jeepney to and from cost 16php,then i had 2 beers 80php,then i cut my foot and went to pharmacy to get antiseptic cream cost 250php.This is a typical day for me except the cut foot but health issues will kill your budget and if you would do this with a lady friend double the figures.

 

I live on a 3-3-3 plan,$300.00 rent including utilities,$300.00 food in and out and $300.00 for fun money or to cover other expenses.thats $900.00 a month budget

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I have 50000 after the meltdown and get about 500 per month

 

I don't think you have enough money to be able to retire in Cebu.

$500 a month is not enough to live on, and you will burn through your

savings.

What will you do if there is a medical emergency or you need to return home and all

your savings is already gone ?

 

Sorry

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