New Business New YearPosted on January 31st, 2012 under Wealth of Advice
By Francisco J. Colayco
Last column, we talked about how lucky this year of the Water Dragon is for me, born under the sign of a Monkey.
I told you that it is auspicious that we are embarking on projects for KsKSMP Coop that I am spearheading precisely on this lucky year for me. We have studied and are personally invested in these same projects and believe that these will be successful. I will talk more about these projects in the coming weeks as I invite KsKCoop members to invest with me.
The first project this year is a Condominium-Hotel or a Condotel that we are putting up in Makati City. A team of professional and experienced groups will be constructing the building. A known and experienced hotel management team will be marketing and managing the hotel. Only KsKCoop members can invest in this project. As a KsKCoop member, you can limit your investment to whatever shares you already own. However, you will have the option to invest more of your savings into this particular project alone.
This is what also happened to KsKCoop members for the ChowKing franchise in Cebu and the OWN- Rural Bank in Cavite City. Some member opted to add more investments directly to their choice project. In fact, there were many who wanted to invest more in the ChowKing franchise but unfortunately, the required equity for the project was already reached.
I hope those who are interested in the CondoTel project will express their intention early. Check out www.kskcoop.com. Presentations can be made to them on the study so they can properly analyze and study this. We predict that this project will really be profitable for all investors.
But remember that Predictions are Predictions. There are no guarantees. Be open to identifying and understanding the opportunities that come your way. Study and analyze these and prepare to take the best action.
Finally, let us be guided by the wisdom of Alexander Green, a recognized investment Guru. He writes …”Success in investing is not about following the right predictions. Rather, it is about following the right rules.”
Let us stick to our financial plan, save as much as we can regularly, allocate our investments among a number of asset classes and let us take advantage of the power of compounding. Leave our invested money alone, and make sure that each investment we make is made for a specific purpose and over a specific period of time.