The hedging facility launched by the government financial institutions is not good enough if the OFW is earning only a meager amount of $500 per month. If an OFW is earning $1,000,000 or more then he stands to benefit from the program. But how many OFW’s earn more than $10,000.00/ month? — Romeo

An estimated 8.2 million Filipinos are based abroad, many of whom regularly remit part of their earnings to the Philippines. For this reason alone, the rate of exchange between the peso and various foreign currencies will be a major socio-economic policy concern for a very long time. (more…)

This question is an extension of the one asked by Erick last week . While Erick is at the earliest stage of saving awareness, Nancy has already taken concrete steps towards specific investments and managing her debt. What investment opportunities would give Nancy more returns?

We need to know as much of the full market of investment opportunities out there. Investing cannot be done in a vacuum and comparisons are inevitable. At the end of the day, though, not all instruments are for all investors all the time. We should only focus on instruments that fit both our specific investment goals and the realities of our resources.

When I am asked which instruments make good investments at this time, my reply has always been the same bland line: It depends on what you have, what you need and what investment horizon is involved, instead of playing the “favorite-for-the-season” game.
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In the last six paragraphs of this piece, I share with Erick some financial instruments he may want to consider. However, the context of that short version starts from another question. (more…)