If only my Father was blessed with a better daughter

My Lolo (grandfather) was recently hospitalized. God was kind enough to make him healthier again. He was discharged from the hospital after discovering that his severe stomach aches were caused by inflamed intestines. Fortunately, his health condition can be improved by a series of monthly medications. Everyone in the family was relieved because it meant no operations, recovery and absence huge financial cost. However, the fact that Lolo was confined for three days, it meant one thing. Someone in the family has to shed out money for Lolo’s hospital bills.

I admire my Lolo because aside from being a strong man, he’s able to save money and finance a household comprised of my cousins. My Lolo owns a passenger jeepney. He hired a driver who is required to give a daily boundary of less than Php 1,000 to my Lolo. At the same time, my Lolo owns two doors of mini-apartments. So even though Lolo can’t anymore work, he earns money. He can support himself and my cousin’s family.

But whenever Lolo gets sick and needs to be hospitalized, this is when the chaotic side of my family surfaces. Behind our happy Facebook photo uploads and reunions, my family has its own share of stories meant to be hidden.

My only paternal auntie happens to be our financial support. The family’s unwritten agreement is Auntie will provide, while my cousins will take care of Lolo. The rest of the family will accept the succeeding tasks that arise.

My Auntie is our financial savior. I admire and respect her because even at an older age, she works abroad for her three families. Her own family, her daughter’s children, and my Lolo’s welfare. However, Lolo’s recent hospitalization fueled a degree of animosity in the family. I don’t know if my cousins share my sentiments. Perhaps, it was just me who develop the ill feelings. I don’t know.

It started when she approached me and my cousins. She wanted us to shoulder the hospitalization bills. Unfortunately, no one in the family was financially capable. Auntie sent some money but such was not enough. Someone in the family has to cover up. Eventually, one of my cousins shouldered a fraction of the bill. I thought everything was settled not until I heard my Auntie’s grievances. She uttered stark words against my Father and Uncle. Auntie said that she was frustrated over my Father and Uncle. She cannot depend and rely anything on them. If I was the first person who heard Auntie’s words, I would make all means to hide her devastating words. If only I can. Unfortunately, the damage has been done. Being a man of few words, I never heard anything from my Father. He remained quiet and this frightens me more. My Father might not admit it. But, I know. I know that any man would feel hurt when someone from the family tagged them as useless, unreliable and worthless. I feel bad for my Father. I want to hate my Auntie but out of respect to my Father and Lolo, I will suppress the emerging hatred.

While I feel sad for my Father, part of me felt regretful, stupid and frustrated to my own self. If only my Father was blessed with a wealthy daughter, this would not happen. If only I have learned to properly handle my earnings, I can pay for Lolo’s hospital bills. If that happened, I will only hear praises and words of thanksgiving from my Auntie. If only, I properly managed my funds, avoided credit cards and explored more earning opportunities, I will not end up writing this bitter post.

If only my Father was blessed with a better daughter…

Mutual Funds – Who should invest?

I think I’m enjoying writing about Mutual Funds. Even though I admit that I cannot equate even an inch to those financial gurus, I ‘m beginning to love writing about investments and financial management. Where did I get the courage to write something I don’t possess in the first place? Or better yet, this should rather challenge me to walk my own talk. In that case, count me in now. Although I want to make it clear that I don’t really envision myself to become one of the richest. At the very least, all I wanted is to become financially stable and independent as I age. I guess this sounds as the more realistic challenge.

Going back to the real intention of this post, I wanted to relate my own view of who should really invest in Mutual Funds.

Who should invest in Mutual Funds?

Anyone can definitely invest in Mutual Funds. As long as you have valid IDs and the required amount for investment, you are in! However, allow me to be more specific and identify the best people who can benefit from Mutual Funds.

Are you an employee who doesn’t have the talent and bravery in venturing to entrepreneurship?

If your answer is yes, you are the best candidate to become a Mutual Fund investor.

I’m an employee too and I perfectly understand your sentiments. As they say, we are too complacent and dependent to our tenure and constant supply of monthly income. It’s hard for us to let go of job stability.

If you cannot leave your stable job, by all means get an investment opportunity. At least in the Philippine setting, the safest investment opportunity that everyone runs to is a savings account or for some, a time deposit account. However, we all know that the regular bank savings account doesn’t yield high profitable returns. When I went to the bank last Friday, I was surprised with the dwindling interest rates of a regular savings account. At 0.25% annual interest rate, how far can your hard worked money earn? If you have Php 10,000 in your savings account, that would mean an annual earning of Php 25. Whoa! It cannot even afford you a decent lunch.

Though to clarify, I’m not discouraging everyone from maintaining a savings account. Savings account can act as a temporary shelter of our investment fund opportunity and at the same time, it serves as a source of emergency funds.

How about entrepreneurs?

The more that entrepreneurs should invest in Mutual Funds! I particularly recognize the owners of SMEs (small to medium scale enterprises). Much of the economy’s performance and outlook are fueled by their business activities. In order for them to increase their capital and earnings, I strongly recommend that they consider investing in Mutual Funds. Mutual Funds will provide them another win-win situation. 

Are you a student who has part time jobs or can spare some money from your monthly allowance?

If at an early age you can already generate money aside from your allowance, then consider yourself as lucky to start early. I guess there’s no need to explain the benefits of investing early. Aside from receiving higher returns in the future, you can train, discipline and develop the inclination to investing. Although I strongly advise that you maintain a savings account first. Once you have established your targeted savings, then go forth and invest.

Have you received a great amount of money recently?

If you are a healthy pensioner or a beneficiary and is troubled on how to handle your money, Mutual Funds can serve as your initial investment opportunity.

You might be surprised because I consider even pensioners as a potent client for Mutual Funds. Unlike other investment opportunities, Mutual Funds does not discriminate age. Although the earnings of Mutual Funds is very dependent on time, pensioners can still benefit because Mutual Funds can register earnings in less than a year. They can still experience their funds’ earnings.  So even though they are bound by the constraint of time, they can still invest. I have also mentioned in my previous post that in cases of death, the legitimate heirs can claim for the fund and its earnings.

For those who have received a huge amount of money and is troubled by the temptation to spend or the fear of losing it, Mutual Funds can serve as your initial safety cushion. The best about Mutual Funds is that it provides you relatively higher earning rates that you cannot easily consume. Though to clarify, I don’t suggest investing your full money in Mutual Funds. As always, follow the principle of Portfolio Diversification or simply, don’t contain your eggs in one basket. Continuously search for safe and profitable means to grow your hard worked and hard earned money.

In summary, I strongly suggest everyone to try investing on Mutual Funds. But please remember the precautionary considerations I mentioned in my previous post. Any investment opportunity brings a possibility of losses. The only way we can lessen the effect of this misfortune, pray harder, work harder, earn more and like what I mentioned, diversify. Never get tired of looking for opportunities that can increase your wealth and yours truly will do her share by writing them.

Weekly Photo Challenge : Lost in Details

This is my share for the weekly photo challenge that requires bloggers to submit a photo that relates getting lost in details.

lost in details

This is the counter of my favorite burger house in my hometown. The place featured the owner’s different vintage collections. Aside from great food, what I appreciate about the place is the showcase of the owner’s cheap but valuable collections we used to neglect. When these items become out of circulation, we suddenly learn to appreciate them.  I guess this is just another paradox of life.