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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 US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 6. The Good Luck Charm That I Know
- 7. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
- 8. Is Franchising the Road to Entrepreneurial Success
- 9. Are You Ready to Invest in Mutual Funds
- 10. The Three “Musts” of an OFW Bank
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Tag Archives: The Richest Man in Babylon
Countless opinions have been offered about the Aman Futures scam, the Ponzi racket that hit the newsreels weeks ago and seems even getting hotter as days go by.
The facts appear mind-boggling: about P12.0 billion or so in hard earned money were bilked from 15,000 or so market vendors, fishermen, teachers, policemen, soldiers and government official Continue reading
Just like I said in the last post, there are lessons to learn from the OFW Bank fiasco, several years back. We need to point them out now, not for the purpose of blaming the proponents‘ ineptitude. That would hardly … Continue reading
After the seemingly high-flown topics of the last posts, it is time to go back to the basics and discuss something closer to the hearts of many of our countrymen.
I refer to the topic of going into business which, I believe, remains the hands down favorite topic of interest of the greater number.
And about going into business, there is a topic which is of even greater interest: the transport business
After the rather drab tutorials of the last two posts, it is time we take up again more controversial issues; they seem never to run out nowadays.
About two weeks ago, my attention was caught up by stories of our countrymen, fellow OFWs, as well as expatriate workers from other third world countries, being caught in debt trap in one of the oil-rich kingdoms of the Middle East.
We interrupt our mutual fund series for this important post on the looming debt crisis. Or, never mind the word “looming”; it has been here all the while.
For this post, we refer back to an earlier article posted on November 5, 2010 where we discussed about “The Four Telling Signs of Lack of Investment Literacy”.
As we mentioned in the said earlier article, the third telling sign of lack of investment literacy is “the tendency to take unwanted risks and burdens. “ I have long sensed that the readers wanted further explanation on this topic.
Hence, that is where we focus on for this post.
After our bold foray into policy issues on economic reintegration as per the last post, I feel it is high time to take stock and talk of something more basic. In fact, what I have in mind is the “most basic” of the basics. I refer to the first of the “eight habits” we mentioned in a previous post “The Eight Habits of Investment Literate People.”