RECESS

When I was in elementary and highschool.... i love RECESS time.

Now that I'm working... i hate RECESSION.

Waah... Recession na naman daw.
Sayang... I was not able to take advantage of the upturn.

My supposed to be sale of company stock is now down by 70%.

Lagot.... looks like our #1 2008 Financial Goal will be affected.
We need to create a back-up plan and keep our fingers cross...

Shaken

Waah...
I've been shaken.... by the market...
it's so so down.. Hehehe.
I just told myself...
for now...
I am not a trader...
I am an investor.

Thanks to Sherwin for the concrete definition of these 2 terms.

Goal for 2008

I've read from Money Smart and Guerrilla Investing blogs the need for a financial goal at the start of the year. These goals must be SMART as per Nina's comment in the Money Smart Blog.

S - specific
M - measurable
A - attainable/achievable
R - relevant
T - time-bounded

Hubby and I just discussed them inside the car on our way home. This is good. I just used to do it by myself and hubby juz got surprise that nothing is left for him. Hehehe. Anyway, need to write them now before I totally forget them. Here are our Goals:

1. Pay off Debt (Zero out our Housing Loan from Pag-ibig. This is doable as per our computation. Funds will be coming from: a. hubby's stock sale early this year(espp, rsu, options) - 48%, b. Hubby's espp stock sale by mid of this year - 9%, C. Monthly Amortization until end of this year - 18% , D. Apartment Rental - 21%, E. SL/VL Conversion - 6%.

2. Increase our individual coop deduction by 500php by February this year.

3. Get in touch with a Sunlife and Philam agent for our planned Life Insurance and Retirement Plan to study their plans.

4. Only hubby will get a Life Insurance. We based it from the books we read.

5. Bonuses - 10% will be kept for savings, 10% for sharing, 80% bonus for ourselves - dine out and wants.

6. Review our goal at least once a month.

New Books

Bought 2 sets of these books during the promo period. Shipping was free so what more can I ask for? Got each set @ 750php. One set was given as xmas gift to my sister's bf while the other set is for us and I am now reading the 1st book.

Not bad huh?!

Peso & Stock Market

Philippine peso is getting stronger but the Philippine market is going down.....
A big big sigh....

what seems to be the problem?