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@reallytired Wealth pattern within 🇵🇭 Distribution of adults (%) by wealth range 🇵🇭 Adults 66,960,000 - Mean wealth per adult $15,290.00 ₱764,500.00 Median wealth per adult $3,155.00 ₱157,750.00 Bottom 83.10% ₱50m Source: Credit Suisse Wealth Databook (2021) Page 117 Forex: $1 =...

@teadrinkerdeepthinker That seems reasonable I was looking at DITO Level-up 99 ₱713/month for 96GB. Making it ₱7.43/GB. This has a better rate than GOMO ₱9.97/GB. What does "includes bones 12GB" mean"? + 12GB or inclusive of 12GB? But if you travel outside urban areas do you get DITO signal?

@howardrf The net worth rule for car buying states that you can spend up to 5% of your overall net worth on the purchase price of a car. For example, if you have a ₱9 million net worth, you can spend ₱450,000 for a car.

@teadrinkerdeepthinker Is that the cheapest or what fits your lifestyle?

@yarndiva If I was part of Forbes Philippines' 50 Richest I'd provide conditional cash transfers (CCT) to the top 1 million public K-12, Uni & Grad students for the purpose of ending the cycle of poverty. As another qualification their parents must individually make less than ₱250k/year. As I...

@tdh86 I think the list is based on best effort publicly available data. In truth the studies are made for ballpark figure to gauge whether it is worth Credit Suisse's time to do business here or not. At ~81,000 $1 millionaires there is a large-ish market for wealth managers.

@rphoenix3d Using Pareto Principle then it gets reduced further to 17.46770140 or less than 18 people.

@eccemachina 121,576 readers x 0.0718386088% = 87.3385070452 I changed it from all 112.7+ million Filipinos alive to to all 66,960,000 🇵🇭 adults. 121,576 readers x 0.12092% = 147.0150881 Then applied Pareto Principle 147.0150881 x 0.20 = 29.40301761 or less than 30 🇵🇭 adults on /r/phinvest...

@mysticalrose I think the list is based on best effort publicly available data. In truth the studies are made for ballpark figure to gauge whether it is worth Credit Suisse's time to do business here or not. At ~81,000 $1 millionaires there is a large-ish market for wealth managers.

Below are the # of High-Net-Worth Individual (HNWI) with at least $1 million in liquid financial assets Very-High-Net-Worth individual (VHNWI) with at least $5 million in liquid financial assets Ultra-High-Net-Worth Individual (UHNWI) with at least $30 million in liquid financial assets...

According to this study the ideal annual 1-person income for life satisfaction in South East Asia is $70,000 Forex Annual Individual Income Monthly Individual Income null $70,000 $5,833.33 $1 = ₱50.00 ₱3,500,000 ₱291,666.67 $1 = ₱56.29 ₱3,940,300 ₱328,358.33 In the spirit of this...

@wolfgang85 I always wondered about that

@tdh86 Napansin mo din, noh? ;-) Whenever I speak to my colleagues about this they all assume everyone knows what A, B, C are universally known. Yung tipong... nagagalit sila na so sobrang obvious.

Every other business and economist type bandies this around and never defined in numbers who these are. Anyone have great reference for them that is updated for 2022? Why can't the classes be broken down into fixed financial numbers like the US? Putting label to them sounds very kind(?) not to...