Friday, September 26, 2008

World Class Profession

it took some time... thanks for the tag CA tque


INSTRUCTIONS

1. Copy and paste everything to a new post and Add your name next to your profession (or profession-to-be for undergrads) in the list. Make sure your name is linked to your blog/webbie.


Tip: For easier capture of links, paste into your blog using the “Visual” (for WP) and Compose (for Blogger) modes (not Edit HMTL or HTML).


2. If your profession is not in the list then simply add it to the correct alphabetical place. For example, if you want to add PLUMBER then it should be placed in between ONCOLOGIST and QUEEN.


3. Tag as many people as you can and witness how your technorati will explode!


4. Don’t forget to link back . In your case, link back to Anna.


THE WORLD CLASS PROFESSIONS


Blogger -

Doctor -

Nurse - Mckhoii,

Stay-at-Home-Mom - Mai, Alpha, Yen, Mommyallehs, C.A.,

Secretary- Arlene

Spot Currency Trader- Anna

Teacher -University Employee- Suzanne

Work-at-Home-Mom- Liza,


Tagging the ff: happy, Kerslyn, maia, rocks, Pat, Sheryll, thea, thet


Wednesday, September 17, 2008

Financial Institutions

So far, from the start of last year's US finacial market fiasco, these are some of the list of financial companies who has declared billions of write-downs, losses or bankruptcy until some have received a golden ladder as rescue.

* AIG

* Lehman Brothers

* Fannie Mae & Freddie Mac -- by Sep 5, 2008 The US Government takeover is now a done deal

* Freddie Mac

* Bear Stearns -
- Aug 2007 Bear Stearns Hedge Funds filed for bankruptcy.
- March 16, 2008 -- J.P. Morgan announces it has acquired Bear Stearns for $2 per share, or about $236 million.
- March 14, 2008 -- The federal government and J.P. Morgan Chase bail out Bear. The company says it sought the emergency funding after realizing it would not be able to keep up with a spike in demand from lenders.


* Merril Lynch
- Sept 2008 Sept. 15 (Bloomberg) -- Bank of America Corp., the biggest U.S. consumer bank, agreed to acquire Merrill Lynch & Co. for about $50 billion as the credit crisis claimed another of America's oldest financial companies. Bank of America will pay $29 a share for New York-based Merrill in stock, 70 percent more than the Sept. 12 closing price, the company said in a statement today. Merrill, battered by $52.2 billion in losses and writedowns from subprime- mortgage-contaminated securities, has plunged more than 80 percent from its peak of $97.53 at the start of last year.
- Jul 2008 -Merrill Lynch & Co. reported a $4.65 billion second-quarter net loss late Thursday as the brokerage firm was hit by more write-downs on large mortgage-related exposures.
- Jan 2008 - Merrill Lynch had sold $6.6 billion stakes to foreign investors including the Korean and Kuwaiti governments.
- Oct 2007 (Bloomberg) -- Merrill Lynch & Co. reported the biggest quarterly loss in its 93-year history after taking $8.4 billion of writedowns.


* Morgan Stanley
- Sep 2008 -Japan's biggest bank said that it planned to spend as much as $8 billion for a 20% stake in investment banking firm Morgan Stanley in New York. Mitsubishi UFJ Financial Group in Tokyo is one of a number of Asian banks that appear primed to seize buying opportunities.
- Jun 2008 - Morgan Stanley, the second-biggest U.S. securities firm by market value, was cut one level to A+ from AA- by Standard & Poor.
- Dec. 2007 -- Morgan Stanley posts a $3.59 billion loss, its first quarterly deficit in 21 years, amid a $9.4 billion write-down on its mortgage assets. The firm receives a $5 billion investment from a Chinese fund in exchange for a 9.9% stake



* Citigroup
- Jan 2008 -Citigroup’s disclosure of a $12.5 billion investment came as the banking giant reported its long-awaited fourth-quarter results, which included an $18.1 billion write-down on its subprime mortgage-related exposures. The figure was much higher than its early November estimate of $8 billion to $11 billion in write-downs, but below the $24 billion cited in a report. Citi’s enormous write-down led to a $9.83 billion loss for the fourth quarter, the largest quarterly loss in the firm’s history.

-Nov. 2007 -- Citigroup, seeking to restore investor confidence amid massive losses in the credit markets and a lack of permanent leadership, receives a $7.5 billion capital infusion from the investment arm of the Abu Dhabi government.

-Oct. 2007 -- Citigroup posts a 57% drop in profit, as the bank is hit with write-downs tied to mortgage-backed securities and loans to fund deals that were delayed.


* HSBC
- Sep 2008 From yahoo news recently, HONG KONG (Reuters) - Global bank HSBC Holdings (HSBA.L) is cutting 1,100 jobs in its investment banking operation, or 4 percent of the unit's total, as it weathers the global financial crisis. "We're doing it because of market conditions and the economic environment, and our cautious outlook for 2009," Hong Kong-based spokesman Gareth Hewett told Reuters on Friday.
- Aug 2007 -London-based HSBC, Europe's largest bank by market value, closed a U.S. mortgage office after failing to finance new loans. HSBC's provisions for bad loans climbed 63 percent to almost $6.4 billion in the first half of 2007, HBSC said in July.
- Mar 2008 - $17.2 bn loss after the decline in the US Housing Market hit the value of its loans, credit crisis loss;
- Mar 2007 -- EUROPE’s biggest bank, HSBC, is to write off $11 billion to cover mounting losses in its troubled American offshoot, HSBC Finance Corporation.
- - Feb 2007 US loans problems shake HSBC, US branch.




Many are saying the worst is yet to come, more misery will be felt in that part of the world.



Biggest Corporate Bankruptcies


Lehman Brothers Holdings Inc.’s Chapter 11 filing is by far the largest corporate bankruptcy case in the U.S., measured by total assets before the filing. Lehman Brothers filed for Chapter 11 bankruptcy protection Monday after falling under the weight of $60 billion in soured real estate holdings. Its filing listed $639 billion in assets as of May 31.The list includes the date of the company’s bankruptcy filing and its assets at the time of filing. The Enron assets were taken from its quarterly Securities and Exchange Commission filing on Nov. 19, 2001; the company announced that the financials were under review at the time of filing for Chapter 11. The amounts are not adjusted for inflation.
1. Lehman Brothers Holdings Inc., Sept. 15, 2008, $639 billion2. Worldcom Inc., July 21, 2002, $103.91 billion3. Enron Corp., Dec. 2, 2001, $63.39 billion4. Conseco Inc., Dec. 18, 2002, $61.39 billion5. Texaco Inc., April 12, 1987, $35.89 billion6. Financial Corp. of America, Sept. 9, 1988, $33.86 billion7. Refco Inc., Oct. 17, 2005, $33.33 billion8. Global Crossing Ltd., Jan. 28, 2002, $30.19 billion9. Pacific Gas and Electric Co., April 6, 2001, $29.77 billion10. UAL Corp., Dec. 9, 2002, $25.2 billion11. Delta Air Lines Inc., Sept. 14, 2005, $21.8 billion12. Adelphia Communications, June 25, 2002, $21.5 billion13. Mcorp, March 31, 1989, $20.23 billion14. Mirant Corp., July 14, 2003, $19.42 billion15. Delphi Corp., Oct. 8, 2005, $16.59 billion


Thursday, September 11, 2008

More About Hubby

Thanks Thea for this nice tag

Are you deeply in love with your spouse or boyfriend/Girlfriend? If you do, let’s try how well you remember the moment of your life with him. But before you put yourself in the hot seat please read the rules of this tag first.

RULES:
1. This tag should be passed on to your closest friends.
2. Visit the blog of the person you’ve got this tag.
3. Leave a comment on her/his tag post. Be sure to thank her/him for this tag.
4. Highlight and link all the list of people who accepted this tag by visiting their blog site.
5. There are 10 questions that you need to answer but you will be the one to write the 10th question for the next person you want to pass this tag.

Here are your questions: Be Honest and True!

1. How did you meet your husband/wife or boyfriend/girlfriend?~ Thru a common friend.
2. Where did you go on your first date?~ in a Restaurant in Quezon City.
3. When was your first intimate kiss?~ sorry, can't remember.
4. How many girlfriends/boyfriends he/she had in the past? Do you honestly know?~ He had so many flings. As in so MANY .
5. What is his/her ethnicity?~ Filipino
6. What is his/her favorite food?~ Kare-kare
7. What is he/she like if he/she is mad?~ his eyebrows kinda gets darker.
8. What are the things he/she did you thought is the most romantic thing he’d/she’d ever done?~ When he was still playing classical music, he always played for me, parang informal na harana, haha thanks for this tag for reminding me.
9. Describe how he/you proposed to you.~ Nothing fancy. The usual.
10. (My question) Is he rooting for Celtics or Lakers? -- he's not really into basketball. at masisira daw yung little muscles nya for playing either classical guitar man or electric.

THEY PLAYED ALONG:
1. Soujourn
2. Pinay Mom in Czech Republic
3. See Me for What You Will
4. Lainy’s Musings
5. Our Journey To Forever
6. Sheng’s Simple Thoughts…
7. Pinay WAHM
8. Me and My World
9. coicoi’s World
10. BLOGSILOG
11. A Mother’s Horizon
12. Because Life Is Fun
13. Dzoi
14. A Reality Bite
15. Thea is bloggerhappy
16. Coffeenchoclate
17.

come on, snag it! I’m tagging everybody in my blogroll

Tuesday, September 9, 2008

Budgeting

Got this from a yahoo group, just want to share it to those interest....

Lecture of Mr. butch Salvador
Recorded / transferred /edited


BudgetingI believe this is one thing that a typical pinoy knows but always fail to apply. Especially now that Christmas is about to come where bonuses, 13 month pay etc. is awarded to most employees. Paano nga ba? It is actually so simple yet it would take a big amount of discipline to do it. Lets make it step by step para mas madali natin maintindihan. Now, lets not just know it but practice it.

STEP 1: know how much your monthly income is.I would assume here that everybody goes with a monthly budget. However, this budgeting system may be adjusted to whatever length of time you wish to.How much do you have is the question. This would be the first step because we couldn't really spend more than what we earn. Get all your resources together and find out how much do you really earn and capable of spending every month. This would come from your income, whether from a side line, business, salary, padala, supporta, galling sa tatay, nanay, bf, gf etc… basta yung regular na natatanggap mo bwan bwan. This will be your Monthly income. Ang total nito ang iyong magiging total monthly regular income.

STEP 2: List all your necessary expenses.Here we have to only list down "necessary" expenditures like bills, food, rent, maintenance… yung mga gastusin na hindi mo na pwedeng hindi bayaran. Wag tayo mandaya at ilagay ang shopping ditto at e justify that we really need it. After listing this, get the total amount and name it monthly necessary expenditures.

So now we have :
MONTHLY INCOME
MONTHLY NECESSARY EXPENDITURE

Now, you must not have expenditure more than your income. Hindi po pupwede na mas malaki ang gastos sa kinikita o natatanggap. And incase that it is more than the income , then you are in trouble! You must adjust and reduce whatever expenditure you have to make it fit your income. Kung nag air con ka, aba eh di mag electric fan muna… o kung nag FX ka, eh di jeep muna…at kung may gatas ang kape mo…. Black coffee muna. O baka naman pwedeng hot water muna… WHY? Eh hindi kasya eh!!! Wag mo pilitin kung hindi kaya.

Hindi po kulang ang pera nyo! Kulang kayo sa disiplina! Money was never the answer! If you think it is, then you are no different with people who makes welga welga on the streets! Asking for additional pay! Budgeting at disiplina ang kailangan natin!

Pilipinos always borrow money to catch up with their expenditures. Did you know that 70% of what we buy isn't really necessary? Bibili ka ng plastic container na maganda kulay , tapos iisipin mo… san ko kaya pwede gamitin ito? Mali di ba?

So, reduce and make it fit to your income and LESS! Kung maigsi ang kumot… mamaluktot.

STEP 3: Yung iba titigil na dito, kasi ala na eh,,, ubos na budget… wag po lets continue with the 3rd step. Meaning, dapat adjust natin an gating gastusin. Youll see, in doing so, youll realize that you may transfer other unnecessary expenses to necessary or useful expenditure.So the third step is yun nay un… ADJUST YOUR EXPENSES.Here you will see na madami ka palang nawawalang pera na hindi mo alam saan mo ginastos. Can you relate? Do you often hear you say "bakit naubos yung pera ko dito? Ano ba yung binili ko?"again… NECESSARY LANG HA! Then adjust.

So, we have a list of necessary expenditures, total monthly income that must be over the expenditure and we have adjusted our expenses.

STEP 4 is dapat may sumobra… or there has to be an excess Ganito yun…you must adjust the expenditure that there must be an excess amount. Now, I am sure. This is possible. Let me illustrate: sa P15,000.00 / month na income…

INCOME: P15,000.00

EXPENDITURE:
Electric bill: 1,500.00
Water bill: 500.00
Cellphone: 600.00
Palengke: 3,000.00
Grocery: 2,000.00
Rent: 3,500.00
Mineral water: 300.00
Etc… : 600.00 PWEDE! Pero kaya pa I adjust…

Bawasan ang cell phone: (kaya naman eh…)

RULE: KUNG HINDI KAYA …. WAG! Hindi naman kayo mamamatay kung dalawa lang pantaloon mo eh… o ipa repair mo pag nasira eh… o kung luma cellfone mo eh… did u know that I saw mr. gullermo luz at makati… a year ago… naka 5110. KABAYAN… hindi na baling mukha kang walang per. Ok lang yun.

TEKA, lets sum up and review… May INCOME, GASTUSIN na dapat naka pasok at tama lang sa natatanggap at DAPAT MAY % na hindi dapat galawin para sa savings or investment.

STEP 5: INVEST; Inegosyo mo yung sosobra (actually , the capital isn't necessary . You can start a business even without capital). If you do not have excess and no capital… I advice, MAKI NEGOSYO! Tamad lang ang ayaw gumawa nito. THERE ARE LOTS OF BUSINESSES THAT NEEDS MARKETING! Go to a village that is being developed. Talk to the architect, ask their requirements… tapos lumapit ka sa isang HARDWARE at hingan mo ng COMMISSION. O… ano puhunan dun? O kaya sa mga ka groupo, ka opisina, kapitbahay na may negosyo… DUDES , ANG DAMI NYAN!

I hope your getting the picture. ..

STEP 6: what to do with your extra income… O TEKA… HINDI SHOPPING. STILL live within the old budget. Thets the problem we pinoys have, pag may sumobra… gagastusin. NO! NO! NO!

You were able to live before with that amount, still live with it. Set aside your extra income and if you find whatever business you went into doing good… then use the money and invest it on that business since you have already seen a market for that business na "NAKI BUSINESS KA".

STEP 7: ADD TO YOUR LIABILITIES , HE HE … eto ang masarap. If you start generating extra income from your investment. You may now get a percentage of that income and add it to your budget. This means… you may already buy that new jeans you've always wanted… or that shades that adds pogi points… well… maybe, as long as it fits to that percent. But most importantly, you are elevating. If before burger mc do ka lang… aba, ngayon… quarter pounder na… (tagalan mo pag nguya ah… feel it).

If you want to be financially free, then start now! Discipline yourself and your family. Explain this to them . It is so hard to change PINOY values when it comes to money. Especially if it has been handed down from generations to generations… but it has to change. And it has to change now! Do not save for something you want to buy, instead, save for an investment. And you'll see how this would change your life.

Life is more important than money… but you need money to support life. Don't love money and work for it for the rest of your life… instead, plan your financial future. Create a money source that will be there even as you grow old. Don't rely on others investment, plans, projects… but study a system that you can run and pass on to your children…



Saturday, September 6, 2008

Spreading the Christmas Spirit

got tagged by Meng. Here’s something nice to go around to spread the spirit of Christmas as early as now. Starts here. It’s so simple. Copy the photo below then write your blog and your wish this Christmas 2008. Your wish has to be something PRICELESS and SELF- LESS… something that money can’t buy… something that another person will treasure dearly.




1. Bits and Pieces by Jan :: I wish Gino and I will be able to convince friends to help us sponsor a simple Christmas party for the children of White Cross Children’s Home in San Juan.

2. The Wifey Diaries by Jannesse : My birthday falls on the 22nd of December. I have always wished to spend it with orphaned or abandoned kids. I’d be super happy to spend my birthday with them. That way, they get early Christmas presents from me. Oh, and can I wish for a baby, too? Please?

3. The Versoza Inc. by Con: I’d like to have a simple Christmas party for all the children of our employees. Times were hard on our company this 2007, but still, the Christmas Spirit should not be overpowered by it. Christmas is about family. So our Christmas party should not be for employees only, but for their families as well. Also, I wish our clan would make it a tradition to have a Christmas gift giving project. My Tita Doi started it last year with the Antipolo church children. I am looking forward to this year .

4. Mommy On Top: I wish I could help a couple of kids (both are related to my kids’ nannies) finish their education so they can, in turn, help their family earn a living. I could try and help them find a job, but without finishing their studies, they can only go too far. With a diploma or at least some certificate of formal education, they could do so much and reach farther. I hope my efforts in hooking them up with this certain NGO will come out with favorable results.

5. Coffeenchoclate : We hope to sustain an extended help for a few elders and be able to increase aid to another few elders before the year ends.

6. Your Link Here.
I'm tagging my blogging friends christine, gracey, gwen, heidi, lena, lisa, mandy, rocks, sheng, sheryl


Friday, September 5, 2008

Winning Trade today




ok, my previous trades I have not been able to save, but yesterday's trade, finally I didn't get to forget to save.






More Tags

Wow, thanks for the tag maia, I enjoyed it :)

The rules are simple. At the end of the post, the player tags 6 people and posts their names, then goes to their blog and leaves a comment, letting them know they’ve been tagged and asking them to read your blog. Let the person who tagged you know when you’ve posted your answer.

What was I doing 10 years ago? On our 4th year with hubby(then BF) as business partners

What are the 5 things on my to-do list today?

Answer the tags

communicate with contact person in London

Go to the bank

Go to notary public

Analyze the currency market

Snacks I enjoy: Chocolates, coffee, crepe, pizza, anything pasta

Place where I lived: Quezon City, LB, Makati & Pasig

Things I’d do if I were a billionaire:

* Build foundation for deserving but financially challenged kids

* Empower less fortunate women thru free education on how they can improve their family, financial & personal life
* Will work only as a hobby or personal enrichment but spend most of my time with my family, friends & extended family

* Invest more * Give more

I am passing this to everyone in my blogroll . . . for being a part of my amazing blogging life!
come on, snag itI’m tagging everybody in my blogroll



Thursday, September 4, 2008

Entrecard

Guys & gals... for those who are into entrecards, sorry for not replying, got the read how it works pa ha.. still don't know how to go about it. I'll be back ! :P


Disclaimer

RISK WARNING: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent advisor if you have any doubts. Past returns are not indicative of future results.
This blog, coffeenchoclate.blogspot.com assume no responsibility for errors, inaccuracies or omissions in these materials and shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.

End

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