It is a secret

Sssshhh, do not tell anyone, hehehe.

I was having second thoughts whether I will post this or not. Nayway,

I spent more than 300K in the house renovation, spent more on other things, probably spent half a mil (all in all) this summer. And its been around three years now that I have been unemployed! Unemployed, and spending too much, hehehe.

Where did the money came from? Certainly not all came from adsense, or sponsors, or paid post. They helped, maybe 15% of the total expenses I incurred, the rest were sourced from my investments.

1. It came from this post , and this post . I loaned lots of mollah to rice farmers years ago. When I started the loan program, the cost of palay per sack was just around 300 pesos. This summer, the buying rate was almost 600 a sack. My earnings almost doubled.

2. I obtained more coconut farms years ago when the kilo of copra was only 15, today a kilo is around 40. My earnings more than doubled.

3. Gold went up to 1K US dollars, on leverage of 10:1. Money flowed.

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Alright. Do not blame me. I just invested. I did not create the rice and oil crisis, nor for Gold to go up.

I just anticipated, and invested the money. The sweeter part is: I used dollars when the rate, at that time, was 1:56.

Hay....Life is like that, I guess.Hehehe.

Smile.

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What is next? Think, and think. Hmmmmmm.

Peso could hit 47 to $1

Just a follow up post to my previous post over a week ago.

Lay May 27, I said:

By year end, the Peso could reach as low as, probably 47.5 to 48.0.

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On the news today from PDI:

By Michelle Remo
Philippine Daily Inquirer
First Posted 02:04:00 06/10/2008

Development Bank of Singapore (DBS) is projecting the Philippine peso’s exchange rate at 47 to the dollar this year, given the rising costs of imports, especially fuel and other commodities.

“Higher commodity prices have pressured the trade balance via costlier imports. We are mindful that it could still head higher,” DBS said in an assessment of economic developments in the Philippines.

It noted that the peso has a history of losing as much as 44 percent of the amount it gained over the preceding three years amid a challenging economic climate. It said if this were to happen again, the peso could slide to as low as 47.10 to the dollar this year and lose part of its gains in the period from 2005 to 2007.

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It feels good, somehow, to be validated by experts.

Let us wait and see.

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I watched the news last night over ABS-CBN, and GMA7; it seems that our transport groups are getting matured. They know strikes are not the answer to the skyrocketing oil prices - but negotiation, and negotiation how we can all survive this crisis.