PH
Parker-Hannifin Corporation
stock NYSE

Can you share where do you invest for overseas markets, technology outside PH?

yes. dual US and PH.

Hi. AIA Agent here. BPI AIA is bancassurance under AIA Philippines Group of company. Si AIA Philippines naman is agency distribution which is direct sa AIA PH Group.
I can assist you po if you are still interested with the plan. You can reach me at chesterian-d.go@aia.com.ph

Buy Low-Sell High
Calories in Calories out
get in early then leave earlier yer friends
Someone must lose for someone to gain.
But why can't we win?
Suppose your portfolio has value VPV\_PVP​ and return RPR\_PRP​. You add a hedge instrument with return RHR\_HRH​ and hedge weight hhh.
The hedged portfolio return is:
Rhedged=RP+hRHR\_{\\text{hedged}} = R\_P + hR\_HRhedged​=RP​+hRH​
Here:
* h>0h>0h>0: you are long the hedge instrument.
* h<0h<0h<0: you are short the hedge instrument.
* h=−1h=-1h=−1: the hedge has the same dollar size as the portfolio, but in the opposite direction.
The variance of the hedged portfolio is:
Var⁡(Rhedged)=σP2+h2σH2+2hCov⁡(RP,RH)\\operatorname{Var}(R\_{\\text{hedged}}) = \\sigma\_P\^2+h\^2\\sigma\_H\^2+2h\\operatorname{Cov}(R\_P,R\_H)Var(Rhedged​)=σP2​+h2σH2​+2hCov(RP​,RH​)
Because:
Cov⁡(RP,RH)=ρPHσPσH\\operatorname{Cov}(R\_P,R\_H)=\\rho\_{PH}\\sigma\_P\\sigma\_HCov(RP​,RH​)=ρPH​σP​σH​
we can write:
σhedged2=σP2+h2σH2+2hρPHσPσH\\sigma\_{\\text{hedged}}\^2 = \\sigma\_P\^2+h\^2\\sigma\_H\^2 +2h\\rho\_{PH}\\sigma\_P\\sigma\_Hσhedged2​=σP2​+h2σH2​+2hρPH​σP​σH​
To find the hedge ratio that minimizes variance, differentiate with respect to hhh:
∂σhedged2∂h=2hσH2+2Cov⁡(RP,RH)\\frac{\\partial \\sigma\_{\\text{hedged}}\^2}{\\partial h} = 2h\\sigma\_H\^2+2\\operatorname{Cov}(R\_P,R\_H)∂h∂σhedged2​​=2hσH2​+2Cov(RP​,RH​)
Set that equal to zero:
2hσH2+2Cov⁡(RP,RH)=02h\\sigma\_H\^2+2\\operatorname{Cov}(R\_P,R\_H)=02hσH2​+2Cov(RP​,RH​)=0
Therefore:
h∗=−Cov⁡(RP,RH)Var⁡(RH)\\boxed{ h\^\*=-\\frac{\\operatorname{Cov}(R\_P,R\_H)} {\\operatorname{Var}(R\_H)} }h∗=−Var(RH​)Cov(RP​,RH​)​​
Or:
h∗=−ρPHσPσH\\boxed{ h\^\*=-\\rho\_{PH}\\frac{\\sigma\_P}{\\sigma\_H} }h∗=−ρPH​σH​σP​​​
This is the **minimum-variance hedge ratio**.
# 2. Minimum-variance example
Assume:
VP=$1,000,000V\_P=\\$1,000,000VP​=$1,000,000
Portfolio volatility:
σP=24%\\sigma\_P=24\\%σP​=24%
Hedge volatility:
σH=18%\\sigma\_H=18\\%σH​=18%
Correlation:
ρPH=0.75\\rho\_{PH}=0.75ρPH​=0.75
The optimal hedge ratio is:
h∗=−(0.75)0.240.18h\^\* = -(0.75)\\frac{0.24}{0.18}h∗=−(0.75)0.180.24​ h∗=−1.00h\^\*=-1.00h∗=−1.00
Therefore, the mathematical model says to short approximately:
$1,000,000\\$1,000,000$1,000,000
of the hedge instrument.
The resulting variance is:
σhedged2=0.242+(−1)2(0.18)2+2(−1)(0.75)(0.24)(0.18)\\sigma\_{\\text{hedged}}\^2 = 0.24\^2+(-1)\^2(0.18)\^2 +2(-1)(0.75)(0.24)(0.18)σhedged2​=0.242+(−1)2(0.18)2+2(−1)(0.75)(0.24)(0.18) =0.0576+0.0324−0.0648= 0.0576+0.0324-0.0648=0.0576+0.0324−0.0648 =0.0252=0.0252=0.0252
Therefore:
σhedged=0.0252≈15.87%\\sigma\_{\\text{hedged}} = \\sqrt{0.0252} \\approx 15.87\\%σhedged​=0.0252​≈15.87%
The hedge reduces estimated annual volatility from:
24%→15.87%24\\%\\rightarrow15.87\\%24%→15.87%
It does not remove all risk because the correlation is only 0.750.750.75, not 1.001.001.00.
The remaining risk is called **basis risk** or **idiosyncratic risk**.

Skip PH stocks, go US or any global markets.

PH V MSFT

Babysitting on the go like for a few hours or days lang not full-time and daycares. I feel like this is not so common here, and there are so many working moms here in the PH. There are so many single moms din na working sa corpo or wfh, so if they have an emergency wala sila mapag-iwanan.
Pwede din to maging option for events/parties, babysitting kids while adults enjoy.

First of all, thank you for reading and appreciating my work! And yes, I agree. I think most Pinoys just want to achieve the goal of owning an affordable home, and the frustration/resentment at this untenable situation is what leads to ignorant and damaging statements like praying for a real estate crash.
Second, I started out writing a comment answering your questions, but it quickly became a lot of words, so please check out my formal response post to your questions po, link here: [Response to What do you think should happen so that PH housing can be affordable?](https://www.reddit.com/r/phinvest/s/jN3ewhYb9W)

The US has 3x the population of the PH and way higher disposable income. Ice cream is a discretionary luxury, not a staple food.
You forgot that ice cream requires electricity. The PH has some of the highest power rates in Asia and needs cold chain infrastructure.
Also, RFM doesn't even own Selecta outright. It’s a JV with Unilever (Unilever RFM Ice Cream Inc)

1. There is an automatic 10% withholding tax on all dividends you receive on your stocks. Check your laws on how this applies.
2. As an investor, you should note that the PH is dominated by around 15 conglomerates which are giants in the market. You should be able to know the peculiarities of each. Out of the 15, around 2 are bad apples, another 2 to 3 are solid but generate low shareholders returns while the rest are ripe for opportunistic plays. The golden rule is KYC - know your conglomerate.
3. Check youtube videos about PH reit there is a lot. The returns are actually attractive on key stocks (around 5.5 to 6.0% net)
4. Real estate in PH is dog poo - for the past 10 years, condos in PH have been driven up because of corruption/POGOs. Now that the government has tightened on this, prices are going down. A lot of people bought at the top and are now selling/renting out low. Prices and yields are going down but the developers are stubborn as they also refuse to lower prices.
5 - 7 you may check with the other replies or AI
8. PH is still attractive for dividend investors. You can actually build a strong portfolio with 5% net dividend yields on strong conglomerates. It is a good place for people who want stable returns, it will not give you home run returns.
9. Not knowing which conglomerates/re developers are legitimate, being too fixated on Real estate investing in PH which is crap at the moment.

Thanks. Similarly my plan is to have 3 buckets, any adjustments do I need especially moving some bonds to property rental/build & sell (item 2) and int'l equities (item 3.1) over a course of few years?

1. Short term bucket for monthly & yearly expenses, emergency fund
1.1. Digibank - 10%.
1.2. Bonds - 25%
1.3. PH dividends - 5%
1.4. Mp2 annual interest

2. Mid term bucket for big expenses/wants/risky investments like travel, car upgrade, kid's education, business/rental.
2.1. Mp2 capital (30%),
2.2. Lot for property build & sell/rental/business (10%).

3. Long term bucket for retiring age 15 years from now and onwards
3.1. Int'l equity index fund, gold, btc (20%)

How about yung SEC threat? How do you deal with it? I know the IP ban has been lifted now sa PH but knowing IBKR is pinag iinitan ng regulators natin, ang hirap.

ADP SPGI and PH seem to be the most consistent growers.

Hello PH Investors, I've been thinking for a long time now if I should put money into MP2 or just put it into IBKR through ETFs and Index Funds like VTI, VTSAX, S&P500, or VWRA?

I already have 1 rental property in the Philippines, and helped my mom invest in a farm which is 8700+ Square Meters, which will eventually be mine. Now it's all fully paid, I want to have more investments, but where to allocate my funds? Thank you in advance for the answers.

China housing was built like no tomorrow and funded heavily from corporate giants to provincial governments despite demand on decline or no market at all in certain places. Turns out more ghost cities for the last several years already. Government also intervened to slow down the collapse but it’s too big and it failed !
PH is on different scale and developers been slowing down already since last year and big players shifted their game away from condo devt. None yet moving to heavy discounting to unload inventories but this is bound to happen first before any collapse if market won’t get any better this year.
Lastly - don’t wish that it happens to PH as it’s not only the real estate will get hit but a whole lot of industries linked with real estate development.

Very informative post OP. I think people who are wishing for the real estate market to crash are actually wishing for more affordable housing. Decent housing na abot-kaya ng average pinoy without saddling on debt that they can't pay. What do you think should happen so PH housing can be affordable? Do you think Government needs to enact a law or intervene? Or do you believe market corrections will take care of it?

Bonds, MP2, high-yield savings but if you’re willing to take the risk or diversify into the PH market then stocks are a great option since bagsak presyo mga dividend stocks ngayon.

some people don't realize PH is an AI stock under the radar. Underappreciated

PH is a low trust society. Trust and believe that they'll find a way to abuse the system.
Unli drinks tapos pupunuin tumbler nila, unli buffet tapos nag babaon ng patago.

Protocol 27, codenamed Zipper, [went live on Stellar mainnet on July 9](https://x.com/StellarOrg/status/2074902336393060391), shipping auth delegation, bundled signature entries, and replay protection. That same day, [Alchemy joined Stellar's tier-1 validator set](https://x.com/StellarOrg/status/2074912016347668655), participating directly in SCP consensus. The UNDP and SDF [extended their partnership](https://stellar.org/press/undp-and-stellar-development-foundation-extend-partnership-to-scale-proven-digital-payment-solutions) to make blockchain-based digital payments a permanent UNDP capability through 2027, scaling results from five country pilots.
# Protocol 27 and Network Infrastructure
Protocol 27 activated on Stellar mainnet July 9. The Zipper upgrade ships auth delegation as a first-class smart account feature, combines all signer auth into one entry per transaction, simplifies simulation, and prevents signature replay.
CAP-711 adds built-in delegation support for modular custom accounts. CAP-712 fixes a signature vulnerability: the standard authorization pre-image did not include the signer's address, creating a replay risk when private keys are shared across accounts during simultaneous signer rotation. Both CAPs were discussed at the [July 8 Stellar Developers Meeting](https://www.youtube.com/watch?v=5O1cDDGv7_o).
Alchemy now participates directly in SCP consensus as a tier-1 validator, adding to its existing Stellar RPC and read support. At Thursday's developer meeting, u/0xkaancar presented [CAP-0084 and CAP-0085](https://github.com/stellar/stellar-protocol/tree/master/core) for community review.
# Institutional Activity
The UNDP and SDF [extended their partnership](https://stellar.org/press/undp-and-stellar-development-foundation-extend-partnership-to-scale-proven-digital-payment-solutions) through 2027, converting five country pilots into standing UNDP operational infrastructure. Pilots across Haiti, Kenya, Syria, Guatemala, and The Gambia cut transaction costs from 10% to 2% and achieved 100% reliability in low-connectivity settings.
M1X Global [raised $8.5 million](https://www.prnewswire.com/news-releases/m1x-global-announces-further-funding-led-by-paradigm-totalling-8-5-million-302819729.html) led by Paradigm to scale USDM1, a U.S. Treasury-backed sovereign bond issued natively on a public blockchain by the Republic of the Marshall Islands. DFNS provides wallet and banking infrastructure; USDM1 is integrated into institutional collateral workflows at Bank of America, Citadel Securities, and Virtu Financial and funds quarterly UBI payments to Marshall Islands citizens. DFNS [detailed the setup](https://dfns.co/article/announcing-m1x) across Stellar, Canton, and Solana.
STBL [published Q2 milestones](https://x.com/i/article/2075543827264499712): USST reached 5 million tokens minted on Stellar, and Hashlock and Cyfrin completed security audits. OpenZeppelin and T-REX Network [announced a partnership](https://www.openzeppelin.com/news/openzeppelin-and-trex-network-partner-to-advance-institutional-compliance-infrastructure) to deliver ERC-3643 as an audited library component and extend T-REX Protocol to non-EVM networks, with a Stellar-native implementation already complete.
# Consumer Wallets
Normal Finance [expanded its non-custodial wallet](https://normalfi.substack.com/p/normal-is-now-multi-asset) to support Bitcoin, Ethereum, and Solana alongside XLM in a single app. Stellar remains the core settlement layer; USDC deposits earn yield via Blend and DeFindex.
[MoneyGram is now live inside Normal Finance](https://normalfi.substack.com/p/moneygram-is-live-in-normal) as a cash on/off-ramp, covering 500,000+ locations across 200+ countries. Users deposit cash and receive cryptocurrency directly, or reverse the flow to cash out.
# Developer Infrastructure
OpenZeppelin published [step-by-step guides](http://docs.openzeppelin.com/relayer/1.5.x/guides/stellar-relayer-gcp-operator-guide) for running its Relayer Service in teams' own AWS and GCP environments, covering compute, state management, key security, fee bumping, and RPC failover.
[Stellar Raven](https://x.com/i/article/2075371500324929536), an MCP server built by u/kalepail, aggregates Stellar documentation, tools, and community intelligence into a single connection for AI agents and builders. The companion [Stellar Skills directory](https://skills.stellar.org/) curates context files teaching agents about Stellar contracts, SDKs, and tooling. [Mercury (Xycloo Labs)](https://x.com/xyclooLabs/status/2074208030837878880) launched as a paid, production-ready indexing service after open testing, covering Soroban events, webhooks, retroshades, and RPC access.
# DeFi
DeFindex's APY Stabilizer received a [completed audit from Rvinci Security](https://twitter.com/rv_inc/status/2075591375119138929). The two-week engagement, concluding June 2026, covered role-based access controls, fee bounds, accounting invariants, and cross-contract interaction security across two Soroban contracts. All findings were addressed or acknowledged. DeFindex ranks in the top 10 DeFi protocols on Stellar by TVL.
The July 2026 [SCF Demo Day](https://www.youtube.com/watch?v=unddHWrZnOs) featured 75 awarded projects live on Stellar. Highlighted presentations included Inference, a formal verification language, and Lumen Loop, an ecosystem content aggregator and project directory. The SCF has awarded $7.7 million across 75+ projects in 2026.
# Lightning Round
* Open Standard's OUSD, backed by 140+ companies including Stripe, Visa, and BlackRock, is [launching on Stellar](https://x.com/i/article/2074068996912218112), Solana, Base, and Polygon, splitting reserve interest with distribution partners rather than concentrating it at the issuer.
* ArcusX [recorded its first transaction on Stellar mainnet](https://www.youtube.com/watch?v=yRvUVNoXwFo), demonstrating the end-to-end task-based payment workflow via Soroban.
* Untangled Finance described OctoPos, its multi-chain DeFi position and risk monitoring API, in a [July interview](https://www.youtube.com/watch?v=IR5TRa9Zzi8), including real-time monitoring built after the February Blend Oracle exploit.
* The SCF [updated Build Award guidelines](https://stellar.gitbook.io/scf-handbook/scf-awards/build-award/budget-and-deliverable-guidelines): teams that miss a deadline without prior notice forfeit remaining tranches; completion expected within 3 months of the prior payment.
* A new [stellar/stellar-protocol discussion](https://github.com/orgs/stellar/discussions/1974) opened on atomic contract migrations using a `__migrate` function pattern.
* The [Stellar Indexer SDK](https://jsr.io/@stellar-indexer/stellar-indexer-sdk) entered public beta on JSR, providing direct access to live Soroban contract data with protocol extensions for Blend and Soroban Domains.
* [Stellar Wallets Kit](https://jsr.io/@creit-tech/stellar-wallets-kit) from Creit Tech unifies Soroban dApp wallet integration across Freighter, xBull, Albedo, and Rabet behind a single API.
* SocketFi released [u/socketfi/server](https://www.npmjs.com/package/@socketfi/server), a Node.js paymaster SDK for Express, Next.js, NestJS, Fastify, and serverless runtimes.
* Stellar Brazil opened [Stellar Summit attendee registration](https://luma.com/wvcqg77b?tk=XN51Nw).
# Upcoming Events
* **July 10** [Monthly Stellar Ecosystem Update](https://discord.com/events/897514728459468821/1524824962593067008), X Spaces
* **July 10** [Stellar Chile Community Call](https://discord.com/events/897514728459468821/1394437062421250159), Discord
* **July 10** [Stellar Town Hall](https://discord.com/events/897514728459468821/1499821622356607010), Discord
* **July 13** [Weekly Brazilian Ambassador Meeting](https://discord.com/events/897514728459468821/1464247285474136135), Discord
* **July 14** [StarMaker Community Call](https://discord.com/events/897514728459468821/1394227738725974128), Google Meet
* **July 15** [Stellar Ecosystem Impact: Founders & Investor Mixer](https://luma.com/ipggktuu), Nairobi, Kenya
* **July 16** [Stellar Developers Meeting](https://discord.com/events/897514728459468821/1496911886321713163), Discord
* **July 16** [E.Africa Weekly Community Call](https://discord.com/events/897514728459468821/1483896022064435271), Discord
* **July 18** [Stellar Builders Camp, Goa Edition](https://luma.com/ajcns4mc), Goa, India
* **July 18** [Built in Nairobi: Stellar Impact Studio Demo Day](https://luma.com/xzvdmrt0), Nairobi, Kenya
# Ambassador Activity
Stellar Indonesia ran the Build on Stellar Bootcamp in Bandung on July 4. A Yogyakarta bootcamp the prior week had 35 builders deploy MVPs to Stellar mainnet in two days. 13 new ambassadors from Solo were officially onboarded.
Stellar Philippines hosted StellarX PH Demo Days in Mindanao (July 4) and Metro Manila (July 10). A bootcamp at Baliuag University drew 115 builders and yielded 71 project submissions.
Starmaker (LATAM) ran Pulso Halftime Demo events simultaneously in São Paulo, Buenos Aires, and Bogotá on July 6. Stellar Turkey organized a community meetup in Istanbul on July 10.
# What to Watch
* **Protocol 27 tooling adoption**: Zipper is live on mainnet; watch for wallet SDK updates, relayer integrations, and dApp migrations to the new auth delegation and bundled auth entry model.
* **CAP-0084 and CAP-0085**: both are under active community review; the July 16 developer meeting continues the discussion.
* **APAC Stellar Hackathon**: final submission deadline July 15, Demo Day July 18, Grand Finale July 24.
* **Nairobi activity**: Stellar Ecosystem Impact investor mixer July 15 and Built in Nairobi Demo Day July 18.
* **USDM1 institutional integration**: watch for formal reporting on live collateral use at Bank of America, Citadel Securities, and Virtu Financial.

Stay in the loop 👉 [lumenloop.com](http://lumenloop.com)