The Philippine Institute of Certified Public Accountants (PICPA) Doha hosted a webinar titled “Investment Masterclass” recently, which was attended by around 70 participants from various organisations in Qatar, Dubai, and the Philippines.
The event was conducted to reach the global arena of professionals and non-professionals seeking guidance in dealing with financial crises and challenges.
The webinar was facilitated by the organisation’s founding president, Lyndon Magsino, whose advocacy is to educate Filipinos on how to achieve financial agility and independence.
He began his presentation with an overview of ‘PISO Masterway's six steps of building wealth’, saying that the keyword is “invest and let it accumulate”. Furthermore, he also discussed the basic of investing such as budgeting, savings, and debt management, and what it takes to become a high earner. According to him, one cannot start investing without money, so it is important to first understand the basics.
Following this, he then discussed the fundamentals of investment. He said one can only tell if the asset is an investment if it is an income generating asset, it appreciates in value, and it has risk and reward, otherwise, it is just an asset.
He also emphasised the importance of having passive income apart from an active income, noting that passive income is the number one secret of the wealthy. “Do not rely on salary alone. Look for multiple sources of income, multiple inflows so you can sustain multiple outflows,” he said.
The speaker also introduced the “Magsino’s Cash Flow Honeycomb” which he personally designed and strategised to educate Filipinos to be financially smart and to give more value to the hard-earned money of Filipinos.
“Before you invest, you need to make sure that you understand the implications, the risks, the in and out of the business or an investment vehicle. Do your own due diligence and analysis,” he said.
As part of his discussion on due diligence and analysis, he discussed various ways on how to analyse a company or an investment through the fundamental and technical analysis which can help investors make an informed decision before investing.
Additionally, he also discussed investing in real estate and stock market and concluded the webinar by presenting the five principles of investing.