Personal Finance, Family and Career

74 Tips To Extend the Life of Your Car from Reader’s Digest

This is a long read from Reader’s Digest. 74 Tips to extend the Life of your Car.

We all know that having a car is not only a luxury but also a burden. It’s like having to flush money on your car to have the luxury and better way of life it gives to you.

Here are a few tips I like:

2. Drive with care everyday
Do not race your car’s engine during start-up.This is a quick way to add years of wear to your engine, especially if it’s cold outside.

Consolidate your short driving trips. Most of the wear and tear — as well as the pollution your car generates — takes place in the first few minutes of driving. Doing several errands at once, during low traffic hours if possible, will keep your engine happier longer.

10. Park in the shade
Of course, a garage is always the ideal place to park your car. But if one isn’t available, minimize interior damage from UV sunlight and heat by always trying to park your car in the shade. If no shade is available or if you find parking under a tree results in bird droppings, use a car shade to minimize the sun’s impact. As a bonus, you’ll have a cooler car to step into on hot sunny days. Car shades come in two basic types: those that you unfold and place on the front windshield and rear window, or pleated types that attach to the windshield posts (with adhesive), window frames (with Velcro), or the windows themselves (with suction cups).

22. Protect car paint from the sun

Paint does more than make your vehicle look great. It’s also the first line of defense against rusted body panels. Of course, the best way to protect the paint is to park the car in a garage. If that is not possible, park in the shade or purchase a car cover. The sun’s ultraviolet rays break down paint and cause it to fade. Some car covers protect your car from more than sun, moisture, bird droppings, and dust — they also have a thin layer of cushioning that will guard against light impact, such as from a tipped bicycle or small falling tree branch.

For more about the tips, read them on: Reader’s Digest.

September 10, 2012   No Comments

Is Pisobid a Scam?

Pisobid, is one of the best know ‘bidding’ sites wherein you can buy an iPad 2 32GB WiFi for Php64.17, a Canon EOS 1100D DSLR for Php39.19. The Pisobid bidding site is a good way to get extraordinary deals but there is a catch.

How Much Pisobid earns
Pisobid is definitely not a scam from what I see. They are actually earning humongous amounts of money. I’d argue that they are earning more than they bought the product. Assuming that every bid is equal to Php1.00 (Php 1000 = 100 bids).

Computation
iPad 2 32GB WiFi
Bids = 64,170
Which means that they earned (Php64,170 – Php28,990) = Php 35,180

Another thing to consider is that they sell bids. Bids which can be ‘created’ by the system. It means that they can earn from Bid Packs from just nothing.

Be Wary
Pisobid is more of a gambling site than an auction site, wherein you put in money and you never get it out. It is good as theirs. If you like Pisobid, I’d advise you to be wise with your bids. Goodluck!

November 29, 2011   3 Comments

Generali Pilipinas’ Dollar Secure 88

Today, at a BDO branch near me, I was informed of a program under Generali Pilipinas that was firstly introduced only to OFWs. It is the Dollar Secure 88. Dollar Secure 88 works as an investment plus life insurance, much like and endowment program.

The minimum payment as I was informed is 1000 USD. It is to be paid annually for 5 years. On the 8th year of the policy, you will begin to receive 8% of the amount assured by the insurance coverage. Aside from this you will receive dividends which aren’t guaranteed.

The good thing about this thing is that is guaranteed. You don’t need to check up on prevailing interest rates(bonds, etc) or stock prices(equities). I like the program and I am interested but I tend to go with riskier investments with more potential for growth.

I have since invested in multiple investments vehicles (equity funds, bond funds) and life insurance policies which I think is actually better for me in the long run. I have a long long time ahead of me and I believe that my approach will be much better.

If you are interested in guaranteed earnings from your investments, then Dollar Secure 88 is a good vehicle to propel you to success. Call you nearest BDO branch :)

November 23, 2011   No Comments

Citi names top 5 stock Picks

Citi’s top five stock picks are Energy Development Corp., Metro Pacific Investments Corp., Ayala Land Inc., Banco de Oro and Alliance Global Group Inc., according to the October 19 equities research written by a team led by Citibank Philippines head of research Minda Olonan and economist Jun Trinidad.

Cash is king. All 5 stock picks were picked based on their liquidity.

“We favor liquid stocks which have been relative underperformers through the recent downturn and have dominant industry positions and are leveraged on domestic consumption and infra themes,” the research said.

Citi believes that while the Philippines would not be spared from a global downturn, it could still eke out a modest economic growth of 3.7 percent this year and 3.9 percent next year.

The factors seen cushioning downside risks in the Philippines were the following: strong reserve position; stable demand on resilient overseas remittance flows and lower inflation pressure; an improving fiscal position; abundant onshore liquidity; healthy banking and corporate sector; and stable political environment.

With a much better macroeconomic picture than during the last global recession in 2008, the bank said in the research that there would be limited downside risks to its expected Philippine corporate earnings growth of 6.7 percent this year and 13.8 percent next year.

Taking into account higher risk-aversion conditions, Citi sees the Philippine Stock Exchange index trading in line with the historical mean of 14.7 times expected 2012 earnings, or at about 4,500.

On its top stock picks, Citi noted that EDC was the country’s largest geothermal producer and the only listed pure renewable energy player. It also sees potential upside from EDC’s new projects such as wind power generation and overseas ventures and cites its healthy free cash flow and manageable debt level.

MPIC was cited as a play on the infrastructure theme. Citi cited MPIC’s solid existing businesses, noting that this was the country’s largest toll-road operator, sole water distributor in west zone of Metro Manila and owner of Manila Electric Co., the country’s largest electric distribution utility.

Citi sees upside from MPIC’s potential expansion and acquisition plans as well as healthy and improving cash flows of subsidiaries.

The research said ALI was “the biggest integrated Philippine property company professional management with reputation of strong corporate governance; improving margins due to cost-cutting initiatives, improving return on equity from diversification across market segments (commercial, high-to-middle market residential market, business process outsourcing offices) and geographical expansion.

BDO was cited as the largest commercial bank with a dominant market share in the corporate and consumer-lending fields and a strong retail deposit franchise.

AGI was cited as a first mover in the country’s budding gaming industry and one of the leading property developers. Citi said it has been able to leverage on the growing synergies of its leisure and tourism-related operations while holdings in hard liquor (Emperador) and fast-food network McDonalds were a play on consumption.

November 3, 2011   No Comments