Home :: Joel Barretto, CFP

Category Archives: Joel Barretto, CFP

Feed Subscription

Should You Rent Or Buy A House?

Should You Rent Or Buy A House?

By Joel Barretto, CFPⓇ | via Negosentro.com | Conventional wisdom dictates that paying for rent is a waste of money. There’s nothing like living in a home you can call your own. To many Filipinos, it’s a sign that you have finally arrived. But before investing all your life savings in a house, there are a few things you must first consider. After all, this is probably the biggest investment you will ...

Read More »

4 Easy Steps to Pay Off Your Credit Card Debts

4 Easy Steps to Pay Off Your Credit Card Debts

By Joel Barretto, CFPⓇ | via Negosentro.com | So you finally realized that you have overextended yourself and your debts are out of control.  If you don’t do something soon, chances are you will be in debt for the rest of your life.  So what now? It’s time for debt rehabilitation! Just like alcoholism, gambling or drug addiction, credit card debt is a sickness that can be thwarted with the right motivation ...

Read More »

My Investing Guide for Dummies Part III

My Investing Guide for Dummies Part III

By Joel Barretto, CFPⓇ | via Negosentro.com | In my last article, we briefly went over some examples of “FIXED ASSETS.” We also learned, that although your principal (original investment) is generally safe with FIXED ASSETS, its returns usually makes it difficult to combat taxes and inflation over time.  Therefore, it would be prudent to diversify your assets. Like fine dining with good wine, a good pairing for FIXED ASSETS would be ...

Read More »

My Investing Guide for Dummies Part II

My Investing Guide for Dummies Part II

By Joel Barretto, CFPⓇ | via Negosentro.com | In my previous article, I talked about having a delicate balance between “FIXED and EQUITY assets,” in accordance to your individual financial profile, as you create a sound investment portfolio. As a review, FIXED assets are monies invested that rely on interest for growth.  Meanwhile, EQUITY assets rely on supply and demand factors of the economy for growth. In this article, I will further ...

Read More »

My Investing Guide for Dummies Part I

My Investing Guide for Dummies Part I

By Joel Barretto, CFPⓇ | via Negosentro.com | In my 25 years as a financial planner, when people find out what I do for a living, the most common question I get is… “where should I invest my money?”  As if I can answer that question without knowing anything about you first. It’s like coming up to a doctor and asking what medication to take for a nagging headache.  Would you prefer ...

Read More »

5 Steps to Avoid Depletion of Your Estate

5 Steps to Avoid Depletion of Your Estate

By Joel Barretto, CFPⓇ | via Negosentro.com | In my last article, we talked about what happens to your assets when you die without a plan.  In financial jargon, we call it dying intestate.  This is one of the worst things you can do to your family after you have passed on.  It’s bad enough that they will be mourning your loss, let alone leaving them a mess to deal ...

Read More »

Why The Taxman Will Not Allow You To RIP

Why The Taxman Will Not Allow You To RIP

By Joel Barretto, CFPⓇ | via Negosentro.com | This is based on the true story of a couple we will call Mr. & Mrs. Nagulangan who had an only child we will name Sarah.  Sarah married John Mangugulang and together they had two children. Mr. & Mrs. Nagulangan had a huge mansion in Forbes Park, and because they wanted to keep Sarah and the grandchildren close, they insisted that Sarah’s ...

Read More »

Getting Your Financial Life Map GPS

Getting Your Financial Life Map GPS

By Joel Barretto, CFPⓇ | via Negosentro.com | One of the fundamental foundations in planning toward your financial future, is an increased awareness in knowing where you came from, where you are now, and where you are headed. Thanks to modern technology, the invention of the GPS has helped us get to our destination with about 95% accuracy, at the shortest amount of time possible. A carefully thought out financial ...

Read More »

Have You Tried Suing Your Parents?

Have You Tried Suing Your Parents?

By Joel Barretto, CFPⓇ | via Negosentro.com | How dare you!  Is the initial reaction of most parents.  But there are always two sides to the story. I was having a discussion with my 73 year old friend who told me the story of a successful man, who turned over his business empire to his son a few years back.  Because the son was having too much of a good ...

Read More »

Money Matters: Rules of Engagement with Family and Friends

Money Matters: Rules of Engagement with Family and Friends

by Joel Barretto, CFP® | Negosentro.com | I was recently asked to intercede and provide some coaching in a business partnership consisting of people who are friends and family with one another.  The partnership was less than a year old, yet there were a lot of misconceptions about how the business was being run, not to mention people’s motives.  The business was on the brink of failure, needless to say ...

Read More »

8 Costly Investment Mistakes You Might Be Doing

8 Costly Investment Mistakes You Might Be Doing

by Joel Barretto, CFP | Negosentro.com | If you read my previous article on my client Paul, you will find that although there is an array of investment vehicles for you to choose from, it is okay to be skeptical, do some homework and perform your own due diligence prior to making that investment. Considering you have taken care of the basic foundation in your financial plan (read my previous ...

Read More »

Big Investment Returns — Sounds too good to be true?

Big Investment Returns — Sounds too good to be true?

by Joel Barretto, CFP | Negosentro.com | It probably is! I am reminded of a client of mine back in 2006 whom we shall call Paul and his second wife Mary.  Paul came into an inheritance of almost $1.5M during that time. Due to the fact that Paul was getting hit with investment opportunities from all sides, I prepared a proposal for him to allow me to manage his assets conservatively ...

Read More »
Scroll To Top