Kamis, 13 Oktober 2011

How to check Social Security System - SSS Contributions Online?

How to check Social Security System SSS Contributions Online?

I’ve tried and check SSS Contributions online inquiry system to find out how many months my actual premiums SSS Contributions are and it did give me accurate information. It’s very easy to use as long as you have internet connection anywhere and anytime. Only you have to do, register to their SSS website.

It asks some information from you (such as SSS number, Lastname and birth dates) then key in your information to the space provided box and wait for 24 - 48 hours for validation and activation of your SSS online account for successfully registration. After your SSS online account has been activated the user can now log in immediately and will able to access and check the following SSS information:

* SSS Actual Premiums or SSS Contributions
* SSS Benefit Claims
* Employment History
* SSS Flexi-Fund
* SSS Loan Status
* SSS Member Details
* Sickness Claims
* SSS Id Clearance
* SSS ELIGIBILITY
* DDR-Funeral
* SSS Loans
* Sickness/Maternity
* SSS Checklist of Documents

As an OFW working far away from my home country. It is nice to know that we can now have an access to their SSS system. We can now easily, better to find out and monitor if our SSS Contributions monthly payment has been credited or not to their system.

To know more about Social Security System (SSS) online services and how to register your SSS account online. Here's how:

1. Visit SSS website or just type in to your web browser www.sss.gov.ph/sss/Login_Members. See SSS screen shot.
SSS contributions

2. If you're not yet registered click the sign up link then fill up your information to the space provided box. Those space with asterisk (*) sign must required to fill up and never leave blank. See SSS screen shot.
SSS contributions

3. After you fill up completely those space provided box. Click submit. You will be receive a validation email link to confirm that you have a valid email address. Click the link you receive, you will be directly to another SSS site and then completely fill up your information. See SSS screen shot.

SSS contributions

4. Once you've finish to fill up click the submit button and wait for an email from Social Security System (SSS). Mostly it takes 24 - 48 hours (weekdays) for activation of your SSS online account. Next working days if your registration done during weekends. They will tell you from their email if your SSS account registration is successful or not. You will receive also your SSS username and password if your registration is successful. See SSS screen shot.
SSS contributions

5. After your SSS account has been activated you can now log in immediately and will able to access your SSS account detail. See SSS screen shot.
SSS Homepage
SSS contributions
SSS Contribution Inquiry
SSS contributions

 Actual SSS Contributions
SSS contributions
6. Once you've already log in to SSS portal. You can now explore the SSS website as shown picture above.

FOR SSS Text Inquiry

SSS text inquiry also known as Text SSS is now available to everyone. Now, we can get updates and information from our SSS contribution records, loan application status and loan balance.

How to inquire your SSS via text? 
Follow the simple steps: Here's how:

Step 1. Register. There are 2 options. Just do only one anyway.
 
Text the following to 2910:

SSS REG (first name) (middle initial with period) (last name) / (birthdate MMDDYY) / (your SSS Number) and send to 2910
 
Example: SSS REG Melvin A. Enmocino/081678/123456789

OR

Text the following to 2600:
 
SSS REG (SSS Number) (date of birth mm/dd/yy (first name) (last name) and Send to 2600
 
Example: SSS REG 123456789 08/16/78 Juan delaCruz
 
Upon successful registration, you will receive your unique system-generated PIN code which is required to all SMS transactions and services. Keep this PIN it is very important.
 
Step 2: How to check SSS contribution by texting? And how much will it cost? It only costs Php. 2.50 per text if you’re using Globe and Php. 2.00 for Smart and Sun Cellular subscribers. To check your social security contributions (SSS), SSS loan application status and SSS loan balance, you can do this in 2 options also. See below instructions.
 
Text to 2910:

Total Contribution: SSS TC (SSNUM) (PIN)

Loan Status: SSS LS (SSNUM) (PIN)

Loan Balance: SSS LB (SSNUM) (PIN)
 
Text to 2600:

Contribution: Text SSS CONTRIB (SSNUM) (PIN)

Loan Status: Text SSS LOANSTAT (SSNUM) (PIN)

Loan Balance: Text SSS LOANBAL (SSNUM) (PIN)

Disclaimer: Im not connected in SSS. For more detail you can visit directly to their website www.sss.gov.ph or visit office branch near you and contact them for your more question and inquiry.
 




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Rabu, 12 Oktober 2011

Pesos and Sense Video Episode 4

Pesos and Sense Video Episode 4

Pesos and Sense
Another great and interesting episode from Pesos and Sense. This video from Pesos and Sense discussed about on how to recognize and avoid to fall in scam. So that your hard earned money won't gone for nothing.

For the other segment, one citiseconline employee continue discussing and explaining the basic technical analysis of stock market he started from Pesos and Sense video Episode 3.

Pesos and Sense Video Part 1
 

Pesos and Sense Video Part 2

Pesos and Sense Video Part 3

Pesos and Sense Video Part 4


Happy viewing!!! I hope it can help a lot.

Kamis, 06 Oktober 2011

Pesos and Sense Video Episode 3

Pesos and Sense Video Episode 3

Pesos and Sense
If you missed Pesos and Sense Video Episode 3 last two weeks ago. Here is your chance to watch and learn about insurance. I would like to share with you again one very educational and interesting video from Pesos and Sense regarding to our personal finances.

Now, in this Pesos and Sense episode they discussed about insurance. They explained the importance of insurance why we have to buy this and mostly if we heard about insurance, one thing got into our mind first, insurance is use to protect life and property only such as if insured person passed away, his/her family or beneficiary can receive an amount of money which they can use to move on but here in Pesos and Sense Video Episode 3 they explain also the other way how insurance can help and protect our investment for the benefit of left love ones. 

On the other segment of this Pesos and Sense video, another employee of citiseconline.com was a guest for that day to show and explained some basic technical analysis that we can use on if we want directly participate and invest in Philippine Stock Market. For more detail you can watch pesos and sense video below.

Pesos and Sense Video Part 1

Pesos and Sense Video Part 2

Pesos and Sense Video Part 3

Pesos and Sense Video Part 4

Happy viewing!!! I hope it can help a lot.

Selasa, 04 Oktober 2011

Strategy for the current bear market

Target Price
Keppel corp : $5
STI ETF : $2.30 (buy for every 15% drop)
Ezion Holdings : $0.35


A drop of 20% is the usual threshold for declaring a new bear market. My strategy for a bear market is to enter when stocks barely crossed the 20% threshold and buying one lot of STI ETF for every 15% drop. For example, STI ETF's one year high was $3.39. When i bought 2 lots of it at $2.72, it has already plunged 19.7% which was the borderline of a bear market. At this point, 2 things might happen. The first will see prices rebounding, indicating that the plunge was just a correction. If not, the bear market will start and prices will continue falling. Buying at this point and averaging it out for every 10 to 15% it drops will remove all guesswork and capture the whole bear market. If it is indeed a correction, I would have captured the bottom(or near bottom) of it. This will be the best of both worlds. Therefore, the next buying point for STI ETF will be $2.30, which is a 15% drop from $2.72.

Philippine Mutual Funds Performance – 3rd Quarter 2011

Philippine Mutual Funds Performance – 3rd Quarter 2011

Philippine mutual funds reduce or even decrease the gains earned during the 2nd Quarter of the year 2011, ending the 3rd Quarter mostly down and underperforming the benchmark Philippine Stock Exchange index (PSEi).

Year to date, the PSEi is down 4.80% due to lingering problems in the U.S. economy coupled by uncertainty in the European region due to a possible loan default by Greece.

Below are the performance returns of Philippine mutual fund companies from January to September 2011.

YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES

As of the 3rd Quarter of 2011 (January to September 2011)
EQUITY FUNDS (primarily invested in Peso equity securities)

1. Philequity PSE Index Fund – (-0.4%)
2. First Metro Save and Learn Equity Fund – (-1.35%)
3. Philequity Fund – (-3.64%)
4. Sun Life Prosperity Phil. Equity Fund – (-3.82%)
5. Philam Strategic Growth Fund - (-5.77%)
6. ATR KimEng Equity Opportunity Fund – (-6.72%)
7. Philippine Stock Index Fund – (-7.67%)
8. United Fund – (-8.11%)

FOREIGN CURRENCY-DENOMINATED EQUITY FUND
- ATR KimEng AsiaPlus Recovery Fund – (-19.05%)

BALANCED FUNDS (primarily invested in Peso debt and equity securities)

1. Optima Balanced Fund – (-0.03%)
2. First Metro Save and Learn Balanced Fund Inc. – (-3.16%)
3. Sun Life Prosperity Balanced Fund – (-3.30%)
4. NCM Mutual Fund of the Phils. – (-4.09%)
5. Bahay Pari Solidaritas Fund – (-4.71%)
6. MFCP Kabuhayan Fund – (-5.18%)
7. Philam Fund, Inc. – (-5.22%)
8. GSIS Mutual Fund – (-7.26%)
9. ALFM Growth Fund - (-10.78%)

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

1. Cocolife Dollar Fund Builder – 4.15%
2. Sun Life Prosperity Dollar Advantage Fund – (-3.20%)
3. PAMI Asia Balanced Fund – (-10.62%)

BOND FUNDS (primarily invested in Peso debt securities)

1. Cocolife Fixed Income Fund – 6.05%
2. First Metro Save and Learn Fixed Income Fund – 4.75%
3. Ekklesia Mutual Fund – 4.17%
4. Philequity Peso Bond Fund – 4.07%
5. Philam Bond Fund – 3.71%
6. Sun Life Prosperity Bond Fund – 3.55%
7. ALFM Peso Bond Fund – 2.66%
8. Sun Life Prosperity GS Fund – 1.73%
9. Prudentialife Fixed Income Fund – 0.64%
10. Grepalife Bond Fund Corporation – No data

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. PAMI Global Bond Fund – 3.83%
2. MAA Privilege Dollar Fixed Income Fund – 3.31%
3. Grepalife Fixed Income Fund Corp. – 3.22%
4. Sun Life Prosperity Dollar Abundance Fund – 2.21%
5. ALFM Dollar Bond Fund – 1.86%
6. ATR KimEng Total Return Bond Fund – 1.56%
7. Grepalife Dollar Bond Fund -1.55%
8. Philam Dollar Bond Fund – 0.82%
9. Philequity Dollar Income Fund – 0.60%
10. ALFM Euro Bond Fund – (0.68%)
11. MAA Privilege Euro Fixed Income Fund – (3.51%)

MONEY MARKET FUNDS (primarily invested in short-term Peso securities)

1. ALFM Money Market Fund – 2.32%
2. First Metro Save and Learn Money Market Fund, Inc. – 1.02%
3. ATR KimEng Money Market Fund – 0.54%
4. Philam Managed Income Fund – 0.40%
5. Sun Life Prosperity Money Market Fund – 0.23%

Notes:
* All data are from the Investment Company Association of the Philippines.

Disclaimer: Although the rate of return is a good measure of performance, other things such as consistency of return and exposure to risks must also be considered. Note that past performance of a fund is not and cannot be a guarantee of future returns.





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Senin, 03 Oktober 2011

Internship Offer

I was notified today that I got offered a 6 months internship. The internship will commence on Jan 2012 and the remuneration will be $1100 per month. As my parents will still be giving me my $500 allowance during my internship, I will be able to save approximately $1000 per month. Given that I maintain my expenses of $10/day, I will be able to save at least $6000 during the 6 months internship. According to my excel spreadsheet i created for budgeting, my target net worth of $70,000 will soon be achievable. By then, I will be setting a higher goal since a goal should be challenging and slightly unattainable.

Stock Market Is an Eat-All-You-Can Buffet at Big Discount The stock market has gone down, down, down.

Stock Market Is an Eat-All-You-Can Buffet at Big Discount The stock market has gone down, down, down.

Turly Rich Club
Whenever this happens, I salivate. I’m like a man who enters a fantastic eat-all-you-can buffet restaurant and the waiter tells me, “Sir, we have a 20 Percent Off Special today.” This month, you can now buy more shares with your money. And I repeat what I said last week: Don’t worry about your total investments turning “Negative”.

It doesn’t matter! Our thinking is very different. It’s actually opposite how others think. If you see your total investments dip to negative territory, rejoice. Because in 10 years, that negative doesn’t matter. My own stock market investments are -12.96 percent! But I’m not bothered at all.

I don’t even look at it. It’s noise. Believe me. These low prices won’t last. Give it a bit of time—perhaps in six months—and the prices will start inching up again. Just keep buying each month… Let me explain a bit why the stock market is going down…

Europe Is Sick
The “Europe Contagion” is affecting all stock markets all over the world Portugal, Ireland, Greece, Italy, and Spain have no more money to pay their debts. And their problems are hurting the Euro currency big time. Huge fund managers all over the world are losing a lot of money in Europe.

Because of this, they’re selling their investments in Asia—where they are earning—to make up their losses in Europe. That selling includes the Philippine Stock Market.

The projected growth of the Philippine economy has also been downgraded—because of the Europe Contagion. Which gives them more reason to sell. The biggest companies in the Philippines—whose earnings are wonderful—are now on “sale”. Including these two great companies I’ll share with you today.

Cebu Pacific and Universal Robina

Last week, I talked about including Cebu Pacific (CEB) and Universal Robina Corp (URC) in our recommended list of stocks.

Let me tell you why.

First of all, because, as I said, they’re on “sale.”

Second, the owners are buying back their shares. This is always a good sign. Why? The owners feel that their company is so cheap at these prices in the light of where they’re taking their company in the future.

Third, we put our money where there is huge growth potential. For example, Cebu Pacific (CEB) has ordered 55 Airbus planes for the next 10 years. And being a low-cost airline, analysts believe they’ll continue to fly. For Universal Robina (URC), they expect growth in their international operations. It already increased its sales in Thailand by 39 percent and in Vietnam by 60 percent. 

“Same Same, but Different”
What should you do in “down” times like these?
As Filipinos say, “Same same.” Just keep buying every month. There’s a difference though: You’ll be buying more with your money. Hooray.


May your dreams come true, 

Bo Sanchez



PS. No matter where you are, I can still guide you in your financial life wherever you live—here or abroad. How? Join my TrulyRichClub now. Once you become a Gold Member, you’ll receive my twice-a-month Audio Power Talks, my twice-a-month Wealth Strategies newsletter, and a collection of my E-books brimming with practical wisdom. Including my powerful E-book, My Maid Invests In The Stock Market… And Why You Should Too!(you can get this copy for free on my recommended e-book pages)

PLUS, you’ll also receive my twice-a-month Stocks Update newsletter to guide you in how to create your multi-million Retirement Fund in Stocks. Personally, I believe now is the best time to get into Stock Market. Don’t wait. Seize the opportunity. For more details, log on to www.TrulyRichClub.com now.



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