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- 1. Caveat OFW – Scammers at the Gates, Part 1
- 2. The Tale of the Oilman and How Herds Trash Reason
- 3. Why We Should Beware of “Proprietary Strategy”
- 4. The Four Telling Signs of Lack of Investment Literacy
- 5. The Good Luck Charm That I Know
- 6. The US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 7. Is Franchising the Road to Entrepreneurial Success
- 8. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
- 9. Are You Ready to Invest in Mutual Funds
- 10. The Three “Musts” of an OFW Bank
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Category Archives: Boom and Bust
In the thick of the building boom that is going on right now especially in Metro Manila, quite a number of OFWs have been enticed into and are considering to invest in condominium units.
I have had a quite a number of inquiries from friends and from readers in this blog on the wisdom of investing in condo units.
After having elucidated that gold is indeed a valuable investment and that it is set to rise despite the current fall, it is time we discuss something about the pitfalls on the quest for the glittering metal.
In this post, we therefore talk about fool’s gold.
Let us start this post with a story or a tale I read years ago, but could not recall the source. The story is of course, a pure fabrication, told much like a parable or a fable. But it certainly tells volumes of one of worst propensities of humans since time immemorial.
These are troubled times. It’s difficult to write about the usual topics. Bad news is everywhere and paranoia is building up. Time to prepare.
Everybody knows the disaster that is still raging on in some form or another in Japan as of this writing. The conservative estimate is that at least a thousand perished in the 8.9 magnitude quake or from the fires that followed. As to the radiation or possible meltdown from the five or so nuclear reactors which lost cooling systems, well, let’s just hope the problem will be contained soonest. It has been a mini-doomsday, a foretaste of Apocalypse for mankind.