Skip to main content

Posts

Showing posts from September, 2017

Should I convert some of my cash into bitcoin?

Short answer, yes I am. As an investor, I try to allocate my assets equally among stocks, bonds, real estate, precious metals, business ventures and cash. There will be further allocations within each asset class as well. The most liquid of the asset class is of course cash, hence it forms an important part of any investor's portfolio. Now what form of currency will you be holding? Perhaps the US dollar, euro, Philippine peso, yuan will be among those. What about bitcoin? Here is a video where Winces Casares explains why bitcoin works as money:


Although he says that bitcoin is superior to gold, I will not be in a rush to sell my precious metals and buy bitcoin. That does not make sense from a risk management point of view. However I am quite comfortable exchanging 5% of my cash holdings into bitcoin. Some people will say that bitcoin has no intrinsic value. Well all forms of currency have no intrinsic value, and it is impossible to predict the future exchange rates. Just as no one…

Investing in the next generation of business magnates

We are familiar with the current set of business taipans and their respective companies: Henry Sy with SM Investments, John Gokongwei with JG Summit and Lucio Tan with the LT Group among others. However I am more excited about the prospects of our new business magnates. First on the list would be Michael Cosiquien and Edgar Saavedra and their company, Megawide Construction. These two engineers are transforming Megawide into a diversified business involved in construction,  airport operation, renewable energy. Second on the list is Injap Sia and his DoubleDragon Properties. This real estate company is growing so fast that established ones like Vista Land and Filinvest are getting left behind. Third but certainly not the least would be Dennis Uy with the PSE newbie, Chelsea Logistics. This company aims to be the prime mover of goods and services in the country. With a significant ownership of the 2GO group and more planned acquisitions, it is well on its way of becoming a shipping and l…