My First Investing/Trading Books

When I was learning about investing in the stock market, I needed books for more information. There are a lot of free pdf on the web but the books that I like, I want to have a hard copy of it so that my children maybe can read it someday. Maybe that will be the legacy that I'll be leaving them. I want them to know money management as it is very important. If only I have known that when we were kids, maybe I have chosen a different path. So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY. These are my first books. Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.   How To Trade in Stocks - Jesse Li

How to Manually Compute Your SSS Pension?

Knowing how much pension you will be getting upon retirement will help you plan whether it is enough or not. If not, then you need to find other retirement investment vehicles.

According to SSS, there are two types of retirement benefits:

1) Lump sum amount - pensioners who were not able to meet the required total 120 monthly contributions or 10 year contribution.

2) Monthly pension - lifetime cash benefit for those who paid at least 120 monthly contributions.

To know how much is your monthly pension, 3 formulas are provided in their website and SSS quotes, "The monthly pension depends on the member’s paid contributions, his credited years of service (CYS), and the number of his dependent minor children that must not exceed five. The monthly pension will be the highest amount resulting from either one of the three pension formulae."

1) Total pension = 300 + (AMSC* x 20%) + (AMSC x 2% x excess of 10 years)
2) Total pension = 40% x AMSC
3) Total pension = P1,200 if CYS is at least 10 years but less than 20 years or P2,400 if CYS is above 20 years or more 

*AMSC - average monthly salary credit or monthly salary credit

Example: If you are an OFW and have been contributing the minimum contribution of P110 for 20 years, your pension will be the highest of the three:
1) 300 + (1000 x 20%) + (1000 x 2% x 10years) = P700
2) 1000 x 40% = P400
3) P2,400 (20 years)

What if you paid the maximum contribution of P1,760 for 20 years;
1) 300 + (16000 x 20%) + (16000 x 2% x 10years) = P6,700
2) 16000 x 40% = P6,400
3) P2,400

For those who have different SSS monthly contributions due to the increase of salary, another way to compute your estimated pension is thru the SSS website. You need to register to be able to do that. (kindly check this blog)

Updated SSS table


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