Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
“ If stock prices move contrary to our expectations, it creates tension.” A MOST important tip for trading is to keep your emotion in check. Use logic, not emotions. Do not allow emotions to get the better of you; otherwise, you could be forced into a losing trade. Be aware that stock prices influence the collective…
ARE your growing debts starting to worry you and cause you sleepless nights? Are you trying hard to pay what you can every month but feel like you’re just running on a treadmill and not getting anywhere? Do you dread getting those credit card statements every month knowing that you don’t have the money to…
LARA May (not her real name to protect confidentiality) was a dedicated and long-time employee for ABC Equipment Co. She was injured at work and had to take an extended medical leave of absence. Prior to her injury, Lara May was a valued employee at ABC Equipment, and was praised for her work ethic and…
THIS client case is unusual. She is young at 28 and owes about $300,000 of credit cards. She used these cards to fund a “gift card” business. What’s a “gift card” business? There are many people who cannot qualify for credit to purchase items like iPhones, TVs, personal computers, and other big-ticket items but they…
The weekend filled with exhibitors, activities, entertainment and speakers promoting the booming travel and trade opportunities between the United States and the Philippines is here! On Saturday and Sunday, August 3 and 4, the SouthBay Pavilion in Carson, California is home to the second annual International Travel, Trade, and Consumer (TTC) Expo. The TTC is…
1. Learn the Basics Familiarize yourself with the following basics before making your first purchase. • Definitions – Price earnings ratio (P/E ratio), earnings per share (EPS), return on equity (ROE). • Stock Selection Methods – fundamental analysis and technical analysis (moving averages). • Order Types – market orders, limit order, trailing stop loss orders….
LIKE most people, you’ve probably heard that filing for bankruptcy when you are in debt will ruin your credit forever and that you will never be able to buy a car or a home again. Nothing could be further from the truth. Is it actually possible to improve your credit rating by filing for bankruptcy? …
THE first client is 48 and has just been sued for $10,000 by American Express. He recently received the summons and complaint. He is single with one teenager dependent. He used to have a business but that has failed. He now works as a manager and earns $4,000 a month. He doesn’t own a house…
JOSE Alvarado worked as a laborer for Timber Works Construction, Inc. in Santa Clara County. Alvarado claimed that the employer required them to sign two different documents. One document contained false hours worked (fewer hours than actually worked) and another document contained the correct hours worked by the employees. The employees claimed that the employer…
AFTER a California court found that the state was misappropriating funds from a past settlement with a housing counseling organization, state Republicans are urging Gov. Gavin Newsom to restore the funds to the state’s mortgage fund. As previously reported by the Asian Journal, the California Supreme Court on Thursday, July 18 sided with the National…
STOCK prices for Philippine food giant Jollibee Foods Corp. (JFC) dropped 8 percent this week, following the announcement that it will acquire the Coffee Bean & Tea Leaf for $350 million. Investors were unimpressed with Jollibee’s purchase of the Los Angeles-based coffee company as its stock price closed at P251 on Wednesday, July 24. The…
All roads will lead to the SouthBay Pavillion on Saturday and Sunday, Aug. 3-4 in Carson, California as industry players from both the U.S. and the Philippines are poised to participate as exhibitors and resource speakers at the second annual Travel, Trade and Consumer (TTC) expo. The TTC is a multi-zone event that is open…
1. Start with safer stocks. Buy stocks that tend to be less volatile (meaning more stable with less up and downs in price). Consider consumer staples stocks that people still need products like food, clothing, and medical supplies even in tough economic times. This may be your safest strategy while you’re getting your feet wet….
THE Long Beach Bacolod Association will present the Small Business Award to Romeo Garcia during its MassKara Festival on Sunday, August 4 at Recreation Park. Entrance is FREE and attendees can expect an array of food and entertainment, including a stunning performance direct from Bacolod, by the award-winning MassKara dancers! It’s easy to fall in…
FILIPINO registered nurse, Nancy Ortiz, worked for Dameron Hospital in Stockton, CA for about 10 years. Born in the Philippines, English is her second language and she speaks with a thick Filipino accent. Ortiz is over 40 years old. Towards the ninth year of her employment at the hospital, and at this time working as…
A Social Weather Stations survey released Thursday, July 25 said fewer Filipinos expect their lives and the Philippine economy to improve in the next 12 months. According to the survey, which was conducted from June 22 to 26, the net personal optimists score in the second quarter fell to +42 — a number five points…
THE client is a 70-year-old widow who lost her beloved husband five years ago. She owns a house with a reverse mortgage of half a million, which she took when her husband died. The mortgage accumulates at the rate of $2,000 a month or $24,000 a year. You can keep the balance from increasing if…
IT was a sweet victory for five Philippine chocolate brands at the 2019 Academy of Chocolate Awards in London last June when they garnered a total of 24 awards across various categories. AuroChocolate (Davao), Dalareich Food Products (Bohol), Malagos Agri-Ventures Corporation (Davao), MS3Agri-Ventures (Davao), and Theo and Philo Artisan Chocolates (Davao) impressed more than 100…
Philippine fast food giant Jollibee Foods Corp. (JFC) on Wednesday, July 24, disclosed that it will be acquiring United States-based The Coffee Bean & Tea Leaf (CBTL) through a $100 million investment. The $100 million is JFC’s initial investment. Jollibee Worldwide Pte Ltd, its Singapore-based subsidiary that owns Java Ventures, LLC. in the United States,…
CITY of Carson, CA. – All roads will lead to the SouthBay Pavillion on Aug. 3-4 in this suburban city south of Los Angeles as industry players from both the U.S. and the Philippines are poised to participate as exhibitors and resource speakers. The multi-zone Travel Trade and Consumer (TTC) Expo is a multi-zone event….
Should I invest in individual stocks or mutual funds? Unless you are a seasoned veteran, it’s better to invest in pooled funds than individual stocks. There’s danger in picking stocks in your first years because stock prices rise and dive and create tension that you should avoid. Trading stocks should be fun, exciting. Pooled funds…
CHELSEA Hamilton and Alyssa Hernandez worked for Wal-Mart at its Fulfillment Center in Chino, California for several years. These employees sued their employer in a class action for, among other things, unpaid overtime and minimum wages. The employees claimed that Wal-Mart required employees to go through mandatory off-the-clock security checks during each meal period and…
THE client is 60, while his wife is 58. He issued his check to pay rent of $1,200 but the check was dishonored for insufficient funds. The landlord called him to tell him that his rent check bounced. The client was surprised that his check bounced because he had at least $5,000 in the checking…
FILIPINO exhibition series Pulo Project is back until August with a new set of art, design and fashion from Filipino and Filipino American creatives. Born as a “passion project” by Filipina American curator and designer Michelle Aquino, Pulo Project popped up at the downtown Los Angeles flagship of luxury retail store Please Do Not Enter,…
MORE than half of Americans have stocks in their portfolio. If you don’t, you are missing out. Actually, you have been missing out big time. Conservative people keep their money in Certificates Of Deposit (CD). Conservatism is noble but earning 1% – 2% in a savings account is kind of silly when stock investors earn…
RODERICK Magadia worked as an hourly associate at a Wal-Mart retail store in San Jose, California as a stock associate. After 8 years of employment, Magadia was terminated. During Magadia’s employment, Wal-Mart used a “Myshare” bonus plan payment. This bonus appeared on wage statements as “MYSHARE/INCT.” Employees who received a MyShare bonus and worked overtime…
“The effect of the lowerinterest is to shorten the amount of time it takes to pay off the principal because more principal gets paid with every payment. ” I’VE recently gotten a couple of clients who have been on debt consolidation and are now ready to jump into Chapter 7 or Chapter 13. First, let’s…
WHILE nearly all articles relate to change, let’s depart from that norm and discuss a few deductions that won’t change. 1. Student loan interest deduction: The Tax Cuts and Jobs Act (TCJA) allows student loan borrowers to deduct up to $2,500 on the interest paid for student loans every year. Student loan interest is interest you pay…
YADIR Ontiveros worked as a technician for Safelite, a company which repairs and replaces vehicle glass for automobiles at various locations in California. Safelight’s technicians are classified as non-exempt employees. They are compensated under a Performance Pay Plan (“PPP”), which is a pay table that lists the amount employees will receive for performing particular tasks…
The Philippines would be the ‘biggest loser’ in Asia if United States President Donald Trump follows through with his threat to punish American firms that outsource jobs, an independent economic research company has claimed. In Capital Economics’ recent research brief entitled “Winner and losers from the trade war,” it was revealed that the trade war…
