Garie Beach

Why do Filipinos are to much dependent on employment, instead of investment?

We have very big natural resources such as our sea water in our archipelago which is ready for investment like fish culture business, or sea transportation business, beach resorts, etc... Take a look back to our country , who are the investor in our beautiful resources ? most of them are foreigner.

Public Comments

1. Capital
2. Afraid of the risk.
3. There are more poor Filipinos who know nothing about investments. Mostly, would like to go overseas to earn more; build a house; send children to college; and save for their retirement.Most of the Filipinos study trades they could use immediately to earn. Investments is for people who have money, not for those who has to earn it first before investing.Blame our educational system for not introducing this ideas early on to our students.
4. security at stake and not being protected by law and the government
5. 1. The general pinoy culture of indifference towards savings and investments - most pinoys really have to consider on seriously evaluating their thrift values, financial habits, expense tracking and budget planning. Karamihan kasi kung nagsi save man (not intended on investment) but for lavish celebrations (kasal, binyag, fiesta, etc) and eventually pambili ng expensive items/ luxury (celfones, cars, hi-tech gadgets, etc). The 13th month pay, direcho sa christmas gift shopping and noche buena. If a filipino family has a monthly income na 10thou, spend nila lahat yun, sometimes, utang pa sa neighbor, or request ng salary advance. 2. Financial illiteracy - though some filipinos have the entrepreneurial mindset, still majority of these pinoys simply lack the financial know-how when it comes to the the language of financing and investment. E.g. out of approx 89million filipinos, roughly 400thou lang may account sa Phil. Stocks (and 100thou+ lang dito ang active accounts), as compared sa neighbor countries nati na singapore (33% ng population nila may account sa stock market), Japan (25%), Malaysia (18%), Hongkong (17%), etc. Some filipinos have the drive to invest, simply di lang alam kung saan and paano, most would invest sa real estate (hich will later on turn out to be a liability-kung mortgaged), and a few sa mga pyramiding feats (naiiscam tuloy). 3. Lack of government support for entrepreneurs - ** sa red tape pa lang ng business licensing ubos na capital ng entrepreneur wannabes,..and dapat may mga tax incentves din especially for smalltime players. ** there should be a government fund where smalltime businessmen pwede makautang with a smaller interest (kung merong man on-going projects na ganito, eh ang hirap mag-avail) ** there should be a solid and sound Investment Program for OFWs - almost half ng pinoy household may OFW na kapamilya, dapat masuposrtahan ng government mga OFWs who'd wanna invest in business dito sa pinas - and nangyayari, pinapadala lahat as remittance dito sa kamag-anak nila, and these people na pinadalhan, di rin alam on how to spend and to invest properly.
6. Those are multimillion dollar/pesos businesses. Most Filipinos dont have that kind of money. The micro-businesses, started by Filipinos who have earned enough money from working abroad as OFWs, are growing though. Just go to the malls. A few years ago there are many vacant spaces. Now you can see all sorts of stalls selling foods or goods and they are thriving. Do get updated. And to add more: there is really nothing wrong with the current situation. Have you been to USA? Most people there are not even dreaming to go to college. So can you please ask yourself: why nag Filipinos for doing their best in the most dire circumstances?
7. not all are educated correctly...
8. No, money no talk.
9. Our educational system is faulty. Our college graduates received "diplomas" but never do they get an "education". Our diplomas are framed and hang on the walls while we stare them unemployed. Chinese children are trained by their parents selling in markets and hardware stores. When they grew up they acquire the skills. Filipino children are trained to help plant rice in the farm and milk the carabao. This disparity end us up in the worker sector.