Saturday, August 27, 2016

On Human Rights

Thought bubble.

Human rights takes the backseat when it meets self interest in the eye (say, national self preservation of absorbing countries). Consider the Rohingyans, Syrians, and other refugees. Human rights were not fully and only relatively upheld although measures to alleviate the suffering groups were taken (citizen vs non-citizen).

Aren't we all absolutely humans as declared by default when 'human' rights is laid out and invoked?

Is the concept of human rights then less absolute than what we think it is? If it is so inalienable, why do we see it alienated from its bearers so often--so often when it is pitted against other values, interests, and urgencies?

With these questions, I find it difficult to talk about human rights in absolute terms without sounding hypocritical.

Tuesday, August 23, 2016

Law, Fairness and Duterte

Morning thought bubbles
*your thoughts are solicited*

Should the law apply equally to all even to this criminal? The UN agrees with death penalty only for egregious crime against mankind (Hitler would be a candidate).
But what is egregious?

My initial thought is that law abiding citizens must benefit first from the law; drug addicts have forfeited their principal privilege.
But what is law abiding?

I think law and fairness are two different things.
Law focuses on institutional limits and freedoms.
Fairness on an actor's decision.
The former (law) feels safer; it is less in danger of being abused. The latter (fairness), can easily slip to tyranny amd arbitrariness.

However, it is fairness, NOT law, that we seek so deeply.

Humans approximate fairness in form of law, and it fails miserably.  Leaders try to be fair, and find themselves turning into tyrants.

Where does this paradox leave us?

Wednesday, May 11, 2016

Stocks Workshop Seminar (May 21)

Enrollees are welcome!
Know how to effectively participate and profit immediately after the training. Indeed a no non-sense.

*Anyone who does not have any prior knowledge about the stock market
*Beginners who want to refine their understanding and skills

1. Understanding the market structure
2. Technical framework for analysing price action
3. Fundamental framework for predicting medium to long term price action
4. Investing for the medium to long term
5. Trading for the short term
6. Plenty of exercises/worksheets

Venue: Net Lima BGC
Date: May 21, 2016 (1-4pm)
Discount: Students enjoy a 50% off
Lecturer: UP professor, master trader, and senior executive financial consultant

Tuesday, April 26, 2016

Korean Certification Course (Ateneo de Manila University)

Anyone interested in this certificate course? See course description below.

**Ateneo Korean Studies Program Certificate Course**

“Understanding Korean Business and Work Culture”

This course is offered to Filipinos who are planning to work/currently working with Koreans / in Korean companies. It aims to introduce learners to Korean work culture and provide them with opportunity to engage Korean companies/Korean-owned enterprises in the country. The course also endeavors to contribute to the improvement of Filipino-Korean relations in the workplace.

*Week 1-2: Overview of Korea (Pre-War, Post-War, Modern Periods) and Philippines-Korea Relations
*Week 3-4: Business Practices, Labor Laws and Taxation in Korea
*Week 5: Korean Businesses in the Philippines
*Week 6: Visit to 1-2 Korean Companies within and/or outside Metro Manila
*Week 7-8: Work Etiquette and Expectations from Workers (Employer’s Perspective)
*Week 9-10: Working in Korean Companies / with Koreans – Stereotypes, Issues and Challenges + Synthesis

10 Saturdays: 2016 June 4 to August 6 | 9:00AM to 12:00PM
30 hours (3 hours per session)

Jeanette D. Espinocilla – Lee
Korean Business Consultant
MA International Studies Major in International Commerce, Seoul National University
0917 305 8220 |

Tuesday, February 23, 2016

Customer Care Representative (BPO Hiring)

Description: A customer service representative position; mainly talks with executives on booking appointments and conferences.

·         Call Center experience is preferred but not a requirement
·         Candidate should have neutral accent
·         Candidate should have good English communication skills
·         Hours of operations: 2PM-7AM or 6AM-6PM, Monday-Friday only (weekends off)

Compensation: 15-18k monthly salary plus health card benefits

Valid from 23 Feb to 4 March 2016.
If interested, kindly email horebelliot at yahoo . com.

Saturday, February 13, 2016

BPO Job Opening

Career Opportunity:

Description: Inbound customer relations representative
Requirements: English bilingual having: Jap, Mandarin-Cantonese, Korean, Thai, Vietnamese, German, French, Spanish conversational fluency. At least high school graduate.

Compensation: 60-100k per month with health card benefits and incentives
Areas: Makati and QC
Shift: 8-hour M-F schedule

*For English accounts, the compensation range is 15-18k with health card and incentives 
Successful hires entitle you P4,000 referral fee per pax.
Email: horebelliot at yahoo dot com your resumes/CVs or referals.
For more details, please visit our website:

Saturday, July 25, 2015

VUL or Term Insurance?

In this post, I would like to highlight the reasons why a VUL is better that term insurance in all aspects other than one: budget. If you can save up at least 40k per year, go with a VUL.

For starters, a term insurance is a yearly renewable policy that:
1) is very affordable relative to the coverage amount (8,000 annual premium can cover your life for 1M;
2) is temporary, that is, you will have to pay yearly to get covered;
3) is not invested in the stock market (no withdrawable cash even after years of payment);
4) increases its yearly premium depending on the risk and age of the applicant.

Comparatively, a VUL is a policy with fixed premium payment duration and fixed payment amount. Say, my personal VUL that is:
1) a 5-year, 70k per annum deposit arrangement whose premium is partially invested in the stock market (hence there is withdrawable cash after years of depositing);
2) permanent; there is no need to renew and reapply;
3) Expensive at 70k per annum;
4) Eats up money that could have gone otherwise to mutual funds;
5) Provides estate tax exemption to cash, savings, time deposits, mutual funds, UITFs in the form of topup.

Now for the comparison. Many people believe in the principle of "pay a minimum for your insurance and invest the difference". While this is true, and a term insurance will likely do the job leaving one with more investable cash, it will fall short in some important aspects.

One can become uninsured when the term insurance renewal application is declined. Reasons include:
1) having had an illness, critical or otherwise, having become too old or too risky for the insurer;
2) Increasing premium as one ages and if one reapplies with a health condition;
3) Impossibility of having your cash savings tax-shielded (I plan to withdraw a large part of my MFs and trading capital and top it up onto my VUL before death, and it is possible).

Some say getting a term insurance first and then availing a VUL in the future makes more sense. However, getting a cheap term insurance in the early years and then deciding to get a VUL, say, at age 45 will result to VUL premiums that have become more expensive and its benefits too low.

Here is the takeaway:
Get your limited pay VUL and have your life and health insured permanently. Below is the numerical reason why I preferred a VUL to term.

*With a term insurance, from age 28-90 I would have paid roughly 930k worth of premium deposits. This does not have any withdrawable cash. I am also at risk of being declined upon renewal.

*With a VUL, from age 28 to 33, I would have paid 400k. I may have 5M withrawable at age 65, covered by 1M critical illness till age 75, AND at least 1M guaranteed death benefit till age 100.

Returns of VUL:
Total premiums paid: 400k
Total benefits by 20th year: 1M Life + 1M Critical Illness + 1.5M withdrawable cash
ROI: 775%

It is not a matter of what works for you or what makes you happy, as some financial consultants would say. There are objective, quantifiable things in this world and insurance is one of them.
Go with a VUL if you can save 40k yearly.

Horeb Eliot
Premiere Financial Consultant, Philamlife
Professor, Political Science and Economics of Development, UP