As we end the month of March, here is another update when it comes to the developments of my financial goals. Last month of February, I did not provide networth developments since there was no movement back then.
This month of March has been one of the most remarkable months for me when it comes to the developments of financial goals.
Here are the updates for the month of March which moved me closer towards achieving my first ultimate financial goal.
Stocks. Apparently, the latest news on the majority acquisition of the PLDT Group to Meralco’s share pushed prices of Meralco’s sister companies FGEN and FPH. After the news, FGEN, one of my stocks on hold, rose more than my acquisition price and I sold it leading to a gain. Unfortunately, the stocks continuously rose more than the price when I sold it. I should have held it a little bit more to recoup more gains. I know I’m becoming more and more risk averse because of the global financial crisis.
The Philippine Stock Exchange once again reached the 2,000 index. Sigh… Hopefully, it will continue to rise and if that happened, I’m planning to go back to become a more agressive risk taker investor.
Mutual Funds and UITFs. Because stocks rose, my UITFs and Mutual Fund Investments also rose as all were invested in an equity fund. However, based on the monthly reports that I’m receiving on these companies, they had significantly reduced their exposures in stocks as it were too volatile. Some of the investments were diverted to a more conservative yet high yielding Special Deposit Accounts (SDAs) handled by BSP which provided better return of interests as compared to time deposit accounts of banks.
Savings. Savings increased by 6%. I was able to receive our 14th month bonus and was able to reimbursed several medical expenses. I was also able to save huge amount on my March salary. Added to that, half of the total amount due that I lent to a colleague last February was already paid with 3% interest. The other half will be settled next month with an add-on interest of 3%. I will also receive passive income from the interest of my savings by the last banking day of March next week.
I was pondering of transferring my bulk savings to another savings accounts within the same bank. This special savings account can provide as much as 2.75% per annum if you do not withdraw on a monthly basis. The interest of your deposit account is also credited to your account monthly.
I also paid gym membership fees in full amount and some credit card debts were settled thereby reducing some amount on savings.
Online Income. After just 3 months upon getting the 1st adsense payment, I was able to accumulate the 2nd $100 minimum payout of adsense this month of March which I think will be released next month. Aside from it, there were some payments that I received in my paypal account from advertisers and referral fees.
I also went to try on buying a domain name and I bought the domain foodmeter.com. Unfortunately, after much deliberation, I just decided to park it in Google since I don’t have much time in writing a content for it for a food related niche. Anyone who wants to buy it?
All in all, these developments gave an increased 4.6% from the January Networth Update.