February Networth Update

Mar.02, 2009 in Networth

The month of February has ended and it’s time for me to make a post on my recent developments.

As I am making this post, I was quite dismayed by the fact that when I visited bloomberg for updates on what’s happening on the financial markets all over the world, I was surprised to see a series of bad news about the global recession:

First, the Dow Jones Industrial Average (DJIA) in US set another record low falling below the 7,000 mark for the first time since 1997.

Second, Billionaire Warren Buffett said that the economy will be in “shambles”, a complete disorder.

Third, American International Group (AIG) posted the largest corporate loss in US history in the amount of $62 Billion.

The recession in US, I think will take longer before it bounce back. A lot of investors are having rampant fear and are panicking. A lot of companies are cutting costs, laying off their employees and closing their plants in various locations. Bankruptcy cases are seen increasing causing a rise in job cuts all around the world.

This month of February is not a good month for me to provide updates because almost all my earnings went to a friend which I lent for an interest of 3% per month. The money will be given back to me this March.

Anyhow, I’ve seen a sudden increase in my adsense earnings over the last month. The readers of my blog kept on rising especially with the help of the global translator plug in for which my site appears in different languages in google search engine. Hopefully, I would get my second payment next month. Keep on spreading my blog to all your friends who might find it useful and beneficial.

My special savings account for which it accounts for bulk of my savings were still giving me passive income monthly.

Debts will also increase next month since I enrolled myself in a gym for better health and I paid it on a one-time basis thru credit card.

Stocks were continuously falling making it better not to watch it anymore since I would just be dismayed seeing the prices of my stocks kept on falling and falling. I’m losing a lot in these investments but I would just continue holding them. I won’t add any stocks anymore even some of my friends said that I should add for cost averaging. It’s a very bear market and it’s as if nobody is trading since the market value of all traded stocks were so low that a lot of times, it did not even reach the One-Million peso mark (US$20,000) in any single trading day. Better not to see and track it anymore.

Everybody is hoping for Obama’s actions to fight against the effects of this global recession that crippled a lot of economies. We are all hoping to you to save the world Obama.

P.S. I’ve recently uploaded a guestbook. Keep on visiting my blog for updates and thanks a lot for all my avid readers. Feel free to make any comment or suggestion.

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11 Comments on “February Networth Update”

Donald Serrano
March 3rd, 2009 at 8:31 am
toinks…. wala kang contact page??? dito nalang kita kontakin. hehe… bro, hingi sana ako advice saan ko iinvest pera ko and anung business ipapatayo koh???? huhu…

[Reply]
Endowment Finances Mortgages
March 3rd, 2009 at 4:20 pm
Billionares loose the most on recession.. due to %

[Reply]
admin
March 3rd, 2009 at 6:49 pm
Donald, meron akong contact page. Nandun sa About Author page ng “Get to Know More About”. Bilib ako sayo pagdating mo sa SEO. Magaya ka nga… Hehe…

With regards to your question on where to invest your cash, you could read on article “Where to Invest Extra Cash?” under my Best Articles column.

With regards to business, continue your online efforts for SEO and probably start with a cellphone loading business or a carinderia if your location suits it.

[Reply]
ice_hot
March 4th, 2009 at 4:46 am
yep. the world economy is going through rough times. and i bet its gonna stay in the bottom for quite a while. but not to worry, there are a million ways to make money!!! hahaha! thanks millionaireacts!!!!

-the earning student

like these site too:
Pinoy Money Talk

[Reply]
elmot
March 4th, 2009 at 11:24 pm
good thing you have other sources of income (passive incomeat that)…but i think the prob with the current crisis is that american banks that received taxpayers’ money are trying to fool the people. billions of dollars was infused in their vaults but they are not circulating the money to boost consumer spending and uplift nonetheless the economy…they are even tightening their loan services, and the billions of dollars given to them from the bailout are used by these fools to straighten up their ledgers.

[Reply]
zalds
March 6th, 2009 at 11:20 pm
“My special savings account for which it accounts for bulk of my savings were still giving me passive income monthly.”

I’m in the stage of researching the best package to put my savings… any suggestion?..

[Reply]
admin
March 7th, 2009 at 4:10 am
Hi Zalds, that would depend on your initial deposit as we all know these banks have minimum maintaining balance for their high yielding accounts. How much would that be? As for me, I availed a special savings account that has an interest of a time deposit and credits the interest on my account on a monthly basis and has a minimum maintaining balance of 100K. The catch is that withdrawals are limited to 4 per month. If I exceeded, then the interest will be lowered. Unfortunately, the said deposit account is no longer being offered by the bank now.

[Reply]
zalds
March 9th, 2009 at 11:19 pm
thanks for the reply..

what is the name of that bank, if you don’t mind sharing? because instead of sitting my savings in 1.5% per annum regular savings account. I could have atleast put my money to account with much higher interest rate.. (preferrably not a rural bank of course)

is that HSBC or China bank?

[Reply]
admin
March 9th, 2009 at 11:29 pm
Zalds, I visited your site. You’re in Kuwait pala. Wow, I was impressed by your adsense earnings that amounted to $23,961 for the whole year 2008. How did you do that? And where does your traffic come from? Anyway, it’s BPI.

[Reply]
zalds
March 9th, 2009 at 11:45 pm
awww..thanks..will check it pag uwi ko, sana meron uli silang promo.

“How did you do that?”

I have shared it in my blog.. thats exactly how i did it. Majority of the traffic came from Search Engine.

[Reply]
jayl
March 10th, 2009 at 11:17 pm
Visited your site a few times already. Great niche you have here. I am very much interested in entrepreneurship, investments and the like. You might want to consider intellectual properties.. Im on the learning curve and now acquiring some rights whenever I have some spare moolah.

again, great site, will be visiting every now and then

cheers,
jayl

[Reply]

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