You know, there is a saying… if something sounds too good to be true, it usually is. Well, I almost lost out by falling for something that just sounded way better than it should. Have you heard about the Legacy Group, or investing in various Rural Banks in the Philippines? The rates that they paid […]
Financial Considerations
Yesterday, Rusty wrote an article about sending money to the Philippines by a number of different methods. He pretty much covered all of the money remittance services, so I won’t be going into that. However, a number of questions have already come up in the comments section of Rusty’s article that I want to address […]
We’ve been here before
It’s a great feeling isn’t it? P50 for every dollar! Imagine, just a year ago, the dollar was only worth 40 Pesos, and now we have made a huge jump back to P50. We are not all the way back to where we were a couple of years ago, but it seems to be headed […]
Financial Flip-Flop
Financially, the last couple of years of living in the Philippines has been a very interesting time. As an American, I primarily follow the exchange between the Dollar and the Peso. However, my expat friends from many other countries have gone on a roller coaster ride over the past two years or so. Over the […]
Change, sir!
Yesterday, John Grant published an article telling about his experience riding in a Taxi, and not being able to get P47 change at the end of the ride. Really, as it turned out, the driver had the change, but he was trying to play a game with John to get an enlarged tip. Really, though, […]
Expensive Money!
You know, with the world’s central banks slashing interest rates to try to get world economies moving again, prime interest rates in many countries are moving close to 0%. I believe that the US Prime rate now is only slightly over 1%, and other countries are moving in that direction. Of course, consumers like you […]