Thursday, October 28, 2010

What is the best business side line low cost business for a college student in the philippines?

What is the best business side line low cost business for a college student in the philippines?
i am a college student and i want to have some extra income. can someone suggest any business that i can manage that will not cost me that much to invest and i can still study at the same time and will not affect my studies. thanks
Small Business - 2 Answers
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1 :
Hi Pocoyo. There are a number of good, no-scam programs around for the home-business person. That's if this what you wish to do. Some have an extremely high return for a little work and low cost to stay with it. The one I'm involved in is GDI, and they actually give their phone number and office address on the site. So, this is one that's not a scam. Go to my site and click on the banner http://www.easyearner.ws It may of interest to you. Cheers, Peter

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Thursday, October 14, 2010

A US Citizen with student visa in the Philippines, Do I need to return yearly in the US?

A US Citizen with student visa in the Philippines, Do I need to return yearly in the US?
I am US citizen and wanting to go to school in the philippines, my question is how often do i need to return having a student visa?
Philippines - 4 Answers
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1 :
at least once in one year. you have to return to the states before the year you arrived.
2 :
Absolutely not! Your American citizenship can never be taken away if that is what you are worried about. Many of us live for years and years in other countries. If a person is a green card holder...a U.S. legal permanent resident...who travels outside the country, it is different. These folks must return within one year or get a re-entry permit, or they are in danger of losing their green card.
3 :
you are already citizen so you can come and go as you please. with student visa you can stay in philippines as long as you have proof of enrollment.
4 :
A regular US Citizen has to leave the country every 16 months (leave only not necessarily return to the US) for 1 day . A student visa might be different however.

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Thursday, October 7, 2010

What is the best way for an American to sponsor a nursing student in the Philippines? Set up a scholarship?



What is the best way for an American to sponsor a nursing student in the Philippines? Set up a scholarship?
I know many people that have sent money from other countries (US, Germany, England) to the Philippines to send their relatives to school (typically nursing school). I'd like to know if there is any sure way to to send funds the right places. Is there some kind of service that does this? Should I sent up a scholarship fund? Unfortunately money sent to PI often goes into a blackhole.
Financial Aid - 1 Answers
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1 :
I don't think you can set up a scholarship fund, it's just not safe out there to do that. The schools can get greedy. what you can do prolly is ask the person in the Philippines to open a bank account preferrably HSBC, Banco de Oro or BPI, then make a wire transfer from your bank here (Bank of America maybe). Of course there would be a fee for that. I have sent money to my relatives out there that way. I have Bank of America and they have Banco de Oro. For more info go to bacodeoro.com.ph

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Friday, October 1, 2010

College Student from the Philippines going to invest in stocks... How do I start?

College Student from the Philippines going to invest in stocks... How do I start?
Hi. I'm a junior student in the Ateneo de Manila University and has been thinking of investing in stocks. I can come up with the capital but I don't know how much. Then there's the matter of getting a good broker and the investing act itself. I don't know how or where to begin. Please help.
Investing - 3 Answers
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1 :
You will need some good books on investing. For buying individual stocks, check out - The Morningstar book "The 5 Rules for Successful Stock Investing", by Pat Dorsey, - "All About Stocks", by Esme Faerber For Mutual Funds, check out: - Mutual Funds for Dummies, by Eric Tyson - http://www.invest-for-retirement.com for a free downloadable book - The Boglehead's Guide to Investing The first step in investing is to define your goal. What do you want to invest for? The second step is then to define your time horizon based on this goal. How long until you need the money? Doing these two simple steps will help determine what to invest in and how much risk to take. Don't just put your money in an arbitrary investment just so you can say that you invest. Make your money work towards some goal. If your time horizon is short, you will need to remain conservative and stick with money market accounts or bond mutual funds. If your time horizon is longer (7 years or longer, for example) you can then use a mixture of stock and bond mutual funds. For good, low-cost mutual funds, I suggest www.vanguard.com or www.fidelity.com
2 :
There are plenty of on-line investment brokers. I use TD Ameritrade, but I've heard that eTrade is good, Scottrade, and I also use Fidelity.com because they have an awesome website. Try The Motley Fool's website and discussion board; it's a great place for any level of investment expertise. Figure on paying around $10 per trade (TD Ameritrade charges this). Since you are investing cash (as opposed to a 401K, which doesn't get taxes on short-term gains) you will probably do better with long term investment, though I have had great success using mechanical formulas (you can find out about them at http://www.mechanicalinvestor.net/ and http://www.backtest.org/) If you are going to be trading short term (holding less than a year) commissions will eat up most of your profits unless you invest at least $2000 in each trade. It's better to "pretend" invest for a while, until have proved that you can make money at it. Create portfolios for yourself using different schemes and see which one does the best for you. Keep at it. Learn all you can. By the time you get out of college and start earning enough money to seriously invest, you'll be ready.

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