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Stocks retreat as investors stay on sidelines
Share prices retreated yesterday as investors opted to stay on the sidelines with trading shortened to three sessions this Holy Week......»»
Must-do’s before buying a condo
Many urban-dwelling young professionals, commonly referred to as “yuppies,” often ponder their readiness for property ownership. This is particularly common among those who prioritize home ownership and prefer living close to their workplaces, leading to a noticeable surge in online searches for condominiums. However, moving into a new home is a significant milestone in adulthood that calls for thorough mental, financial and emotional preparedness. [caption id="attachment_163897" align="aligncenter" width="5333"] UNIT Studio at Sierra Valley Gardens.[/caption] Karen Cesario, chief integration officer of Robinsons Land Corporation Residences, said that the process of finding one’s first home can be “daunting,” emphasizing the importance of minimizing the “risk of regrets.” Aspiring homeowners should keep these things in mind as they work toward their goal: 1. Set a moving-out date. The process of moving out can be challenging and time-consuming. Thus, it is essential to set a date for the move while considering tasks like cleaning, packing and obtaining necessary permits. Buyers eyeing the newly launched fourth building of Sierra Valley Gardens in Cainta, Rizal, have until the targeted turnover date in 2028 to plan their move. This allows them to develop skills like cooking, laundry and budgeting before the transition. 2. Emotionally prepare your family. Transitioning away from the family home requires emotionally preparing one’s family, considering the tight-knit bonds you have made through the years. It is essential to allocate enough time for open discussions and explanations about the decision, providing reassurance to the family that the individual will continue to visit and invite them to the new home. 3. Build a budget. Budgeting is essential for successful independent living, ensuring that homeowners do not exceed their income and can manage daily and monthly expenses effectively. Sierra Valley Gardens offers flexible payment schemes, including monthly amortizations, to provide ease for millennials. Moreover, RLC Residences is offering a five percent launch discount for the new fourth building, enabling future homeowners to purchase their dream home. 4. Develop eating habits. Living with family often provides the convenience of prepared food. However, when moving out, individuals must learn to plan meals, explore recipes and shop for groceries and essentials. Sierra Valley Gardens, situated within a “destination estate”, offers convenient access to an upcoming mall and various retail stores and restaurants. Its direct access to Ortigas Ave. Extension also ensures easy movement outside the estate when needed. 5. Keep an administration and maintenance directory. Keep a directory of emergency service providers like hospitals and police stations. Moreover, condominium residents should keep a directory of administration and maintenance offices. Taking the big leap Moving out is one big leap that one must take. It signifies a transition into independence, adulthood and the pursuit of personal growth. However, this journey is not without its challenges. “This is why we have been extremely thoughtful in designing Sierra Valley Gardens such that it caters to modern needs and aspirations — from installing upgraded smart home facilities, a work from home nook in our units, to providing abundant green spaces and a multitude of amenities for young professionals to enjoy,” Cesario said. Sierra Valley Gardens, an 18-hectare mixed-use development by the RLC Residences, offers a spacious residential area that cultivates a “thriving and independent community.” It caters to young professionals, start-up families and investors seeking a place to establish their lives and form lasting relationships. With a wide range of amenities and a dedicated residential district, Sierra Valley Gardens provides the perfect setting for personal growth and new adventures. The post Must-do’s before buying a condo appeared first on Daily Tribune......»»
Losing cash while holding it
Consulting firm Manulife Investment Management or MIM has presented a financial paradox in that an investor loses money kept in the vault for too long. Investors are increasingly concerned about market risks because of factors such as the increases in US Federal Reserve interest rates, individual banking crises, and increasingly serious geopolitical risks. As a result, many investors are reluctant to invest in the market, and some even sell their stocks and bonds to minimize losses. In response, banks offer higher deposit rates to appeal to investors, who choose to hold money in the form of term deposits. MIM, however, warned in a report that holding cash may seem like a good option during periods of market volatility, but cash remains vulnerable to inflation, especially in the current macroeconomic environment. Inflation erodes the purchasing power of cash, meaning it will buy less with it in the future. A simple calculation to prove the difference between holding cash versus stocks: Between 2011 and 2021, the return on cash (as measured by the annualized return of the three-month US Treasury bill) was 0.47 percent. Adjusted for inflation, which was 2.17 percent on average during those 10 years, the return was minus 1.7 percent. Put simply, $100,000 in Treasury bills in 2011 would have had $84,243.26 of buying power 10 years later. Conversely, over the same 10-year period, a $100,000 investment in the S&P/TSX composite dividend index, the stocks benchmark in Canada, would have resulted in $200,797.37 of buying power, thanks to its inflation-adjusted annualized return of 7.22 percent. In addition, investors should also consider how real interest rates (i.e. bank deposit rates minus inflation) affect their returns. From January to February 2023, the annual nominal interest rate on three-month term deposits in most Asian countries or regions varied from 2.5 percent to 5.4 percent. Then there’s deposit rates However, when adjusted for changes in the consumer price index during the same period, the real three-month time deposit annual interest rate ranged from negative 5.2 percent to 1.09 percent. “History tells us that equities, bonds, and some income-oriented investments have the potential to deliver higher long-term returns than cash and could potentially outstrip inflation,” MIM’s report stated. From 2009 to 2022, compounded annual nominal returns for Asian equities and bonds were 8.15 percent and 4.38 percent, respectively. Real estate investment trusts in the Asia-Pacific region generated an annualized return as high as 11.38 percent. The post Losing cash while holding it appeared first on Daily Tribune......»»
SMC Global completes Singapore tender offer
SMC Global Power Holdings Corp. has completed its tender offer of perpetual bonds listed in Singapore, buying back 30 percent of the target......»»
Binance ban a boon to local crypto firms
Local crypto traders are now experiencing as much as four times higher transaction volumes as investors shift their tokens from Binance......»»
Unlock business success at Franchise Asia Philippines Expo
The Franchise Asia Philippines Expo 2024 is set to hold a series of dynamic seminars designed to empower entrepreneurs, investors and business enthusiasts with the knowledge and tools needed to thrive in the ever-evolving world of franchising. Slated from April 12 to 14 at the SMX Convention Center Manila, these seminars offer invaluable insights into key aspects of franchising and business growth......»»
Ministry helping improve BARMM’s business climate names 10 new officials
The Bangsamoro chief minister has filled out ten regional positions in one of the ministries under him to boost its operation as requested by business blocs enticing foreign investors to venture into viable businesses in the region......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
Thin volume seen on short trading week
Local stocks are expected to move sideways this week with only three trading days due to the Holy Week break......»»
Think again before buying bunnies as Easter gifts
SAN DIEGO – With Easter just a week away, animal rescue groups in Southern California are urging people not to buy rabbits as holiday gifts for children. They said that what begins as a well-meaning gesture often leads to abandoned animals when the novelty wears off and families realize they’re not equipped to properly care.....»»
Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
Order expanding senior discounts on groceries signed
Senior citizens and persons with disabilities will soon enjoy a higher special discount when buying basic necessities and prime commodities each week......»»
Sharon Cuneta thinks luxury brands are good investment. Here’s why
Thinking of buying a luxury bag or shoes but you’re not sure if they’re worth it?.....»»
BPI readies issuance of dollar bonds
The Bank of the Philippine Islands is close to issuing its dollar-denominated bond sale, as it has started a series of fixed income investor meetings......»»
Last-minute buying buoys share prices
he stock market eked out a slim victory yesterday due to last-minute bargain hunting......»»
EDITORIAL - NFA housecleaning
With rice retailed at P20 per kilo still stuck in the realm of aspiration, a scandal has erupted in the National Food Authority, which is tasked to maintain a rice buffer stock for the country by buying from local farmers......»»
How to Trade the Forex Market: A Comprehensive Overview
Trading the forex market involves buying and selling currencies with the intention of making a profit from the changes in the exchange rate, hence why.....»»
NFA mulls hike in selling price
The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»
Government fully awards P30 billion T-bonds at higher rates
The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»
Treasury raises P60 billion from T-bonds in February
The government raised P60 billion in long-term securities this month, short of target, as the Bureau of the Treasury focused on the retail treasury bonds......»»