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JFINEX Joins Financial Literacy Caravan 2018

Article/News by: Angelina T. Agayon, Cedrick P. Sy, Cristina Kei Reyes and Mark John Rosales
Date Posted: November 26, 2018





Twenty-eight members of the Junior Financial and Investment Executives- Sacred Heart College attended the Financial Literacy Caravan of JCFAP – Junior Confederation of Finance Associations – Philippines at St. Scholastica’s College in Manila last October 6, 2018 at Kuniberta Hall with the theme of “Adopting to Innovative and Fast Changing Trend of Financial Industry”.

The first speaker was Mr. Mark Gil Cato, a graduate of Bachelor of Science in Business Administration at the University of the Philippines. Currently, he is a SME Financial Speaker from CKT Dynamic Leaders Training and a Licensed Financial Advisor at Sun Life Financial Philippines.

Mr. Cato talked about Personal Finance wherein he focused his discussion on the five steps on financial freedom: (1) Improve Cash flow – according to him cash flow is all about how much you earn and how much you spend. And therefore, inflow must be greater than the outflow. He also added that discretionary expenses are not needed to survive but rather are spent to give us some form of gratification whereas non-discretionary expenses are those that we need in order to survive or to live a life of relative comfort and security. (2) Get out of Debt - he stated that debt is the amount of money borrowed by one party from another often for making large purchases that they could not afford under normal circumstances. He also differentiated good debt to bad debts. He stated that good debt is an investment that will grow in value or generate long-term income. On the other hand, bad debt is debt incurred to purchase things that quickly lose their value and do not generate long-term income. He emphasized that before we borrowed money we should know first its PURPOSE, COST and INTEREST. (3) Set up your Emergency Fund – He explained that we need to have emergency fund for three reasons. First, emergencies do happen. Second, it relieves stress. And lastly, it reduces risk. He added that emergency fund can be used whenever there are medical emergencies, school emergencies; replace gadgets/appliances, loss of income, and car breakdown. (4) Get Protected - he said that insurance is a way of managing risks. And he explained that when we buy insurance, were buying a promise. It's a promise that if something catastrophic happens to business, the carrier is going to assist us to make the business whole again. (5) Invest in future - investing in the future is a truly great way to live a successful life. It teaches us to manage a budget correctly and get financial independence that`s highly crucial in a modern society. He further added that a wise and happy person is the one who can think long-term. Mr. Cato ended his talk with a quote, “Believe in yourself...work and it will happen!”

The second speaker was Mr. Marco S. Tarog, business development officer from First Metro Securities Brokerage Corporation. He talked about Mutual Fund. According to him, based on the BSP national survey only 1% of Filipinos are financially free by the time they retired. He explained that only those 1% can lived enough or above their needs upon the time of their retirement. And 45% of Filipinos will depend on their family members, 30% rely on some amount or form of donation, and 22% will continue to work and the remaining is not interested in anything at all whether to save or not. He also said that many Filipinos doesn’t know how to save and not literate enough to know how investment industry works. He mentioned that the most important part of investing is “Investing through time” and he said the earlier the better. He said that one of the best and safest investment is a mutual fund - it allow you to invest in different market and all you have to do is to select the right fund for you. He highlighted some tips to make a careful choice of mutual funds. (1)Diversify - the market is unpredictable and it won’t be right to put all your investment in one. In other words you must choose among the different kinds of mutual fund schemes. (2)You should know when is the best time to sell and buy - you have to analyze the market. (3)Measure the performance and market - you must keep a close watch on performance of mutual funds in order for you to make your fund grows. And (4)Set your financial goals and limits - you must be sure of your limits, the kind of fund you want to go for, how much of funds do you want to pool in and what do you expect from your investments.

He conclude that if you start your journey as early as possible, you can also enjoy your retirement in earliest time and a guarantee of achieving your financial independence follow. So, you must know to invest in the right things.

The third speaker was Mr.Melvin Jason S. de Vera MBA, CIS, CFMP. He is the President of Finance Educators Association of the Philippines (Fin.Ed). He is also the Head Training Coach for Certified Financial Markets Professional Program (CFMP) and Bloomberg Professional Service Training for East West Educational Specialists and Bloomberg LP. He talked about Forex Trading where he quoted that “Learning environment can never be or shouldn't be a selling environment”. Do not be deceived by what you see and what you’ve heard make your own research and rely only on the facts. He also discussed the difference between Stock Market and Forex Trading.

He said that Forex is also known as “FX or Currency Market” and unlike the Stock Exchange, Forex trades with currencies of different countries of the world. He also added that Forex currencies are sold and bought according to the position of these currencies in the market and you must or should be aware of currency values and situations that surround those currencies. He further explained that it is more predictable than stocks; it follows well-established trends. It allows high leverage; leverage is using given resources in such a way that the potential positive outcome is magnified. Typical Forex leverage figures are a 100:1 as opposed to 2:1 on the stock market. It doesn't require a large investment - mini accounts can get you started at forex. While investing in the Stock Market requires you to have knowledge about the world markets, stocks, bonds and allied and it recommend you to have a financial advisor.

The last speaker was Ms. Sheena Ann Kehlorenzo, an investment analyst in COL Financial Group, Inc. She discussed about stocks and according to her it is an equity investment that represents part ownership in a corporation and entitles you to part of that corporation’s earnings and assets. She also highlighted some of the ways on how a student can start investing and gave some tips on how to prepare for it. A student can start investing to stock market by: first, prepare requirements such as forms, one valid government ID, tin number and fund with a minimum amount of one thousand pesos. Second, open an account to a legitimate broker firm. And third, start funding it. She also gave tips on how to prepare for investing to stocks, the FTSR- Fundamentals (apply what we learn), Technical (study the price), Sentiment (market crowd psychology), and Risk (manage the upside and downside of your portfolio). She added that less than one percent of the populations in the Philippines are the only Filipinos who are investing to stocks.

She also highlighted that in investing to stocks you need first to know who you are, what kind of investor you are, are you a risk averse or a risk seeker because it can help to find the ideal stocks that will fit for you. She also compares investing to stock in investing to love because like love you need to set a standard to know where you are going to. It has volatility- someday it is volatile, so you need to deal with it. You need to cut losses, because hoping can kill you, so you need to let go. You also need timing- the right stock at the wrong time is still the wrong stock. Do not go all in; always leave a little for yourself. And it is a commitment, it is not easy, but it is worth it. And she quoted, “Do something today that your future self will thank you for”. The SHC-JFINEX members who joined the Financial Literacy Caravan learned additional knowledge from those Finance professionals which helped them to be more grateful of their major and more involved in the JFINEX organization. Ms. Yvonne Mier and Mr. Sherwin Diala accompanied the finance students.




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