Retire Rich

In this post, I shared a video, which I discussed top two personal finance books worth reading. I insist you read these books. The first book was very old. The book was distributed in the 1920s by businesses and banks. This classic parable of Babylon was published as pamphlets at that time.


The second book was very enlightening. This book will change the way you look at money in general. The book will tell you sound formulas that will help you calculate how much time of your life you trade for money. As OFWs, we trade hours of our lives for money. So, it is wise to dig deeper into how we spent hours of lives into our work and the things we spent on.

I provided links of these books at the description of the video. If you find these helpful, do hit the subscribe button of YouTube channel.

COL Financial announced on Monday, 16 December 2018 the availability of online withdrawal on their website.

In a Facebook post, COL Financial said that the online withdrawal will start on Monday, 17 December 2018.

"To streamline and improve our processes, you can now submit your withdrawal requests online through your COL Account starting tomorrow, December 17, the COL Financial FB post said.

For detailed instructions on how to do online withdrawals, go to bit.ly/COLonlinewithdrawal.

CHP indefinitely suspended the operations of one of its two kilns in Apo plant last November 21 to manage rising costs brought about by the suspension of its supplier, Apo Land & Quarry Corporation (ALQC). 

CHP also said that it would be canceling the implementation of the temporary layoff of regular employees and contractual workers and the closure of its terminal in Davao City.

As a stock investor of CHP, I was one of those in "ipit" situations. The average cost of my CHP stock position was at PHP 4.40. I invested during the time when the Duterte Administration revealed the Build, Build, Build program. I was anticipating the demand for construction materials hence, considering including CHP to my portfolio. The government's infrastructure program boosted CHPs stock price at PHP 12.50 per share in the 4th quarter of 2017.

The price trend of CHP was in the decline entering 2018 because of imported cement. But I held on to my position because of 1. a good outlook report from COL and 2. my optimism of the government's infrastructure program. 

If you look at the above screenshot, I lost almost 60% of my CHP position. What made the situation worse was the unfortunate landslide in Brgy. Tinaan, Naga City in Cebu left at least 78 people dead. This opted the government to order the ALQC’s suspension.

With the above development, I'm hopefull that CHPs price will start to at least move upward.

Share your "ipit" story in the comment section below.