I wanted to stay private about my life in this blog and deal with fundamentals and graph in the Philippine Stock Market but I will to share it anyway( I own this blog and I can do whatever I want).
Way back in 2000(To old to remember) , in my 20's found a book that influenced my whole life. It was titled Rich Dad Poor Dad by Robert Kiyosaki. I wouldn't expound on the content since it became a best seller.For those who haven't reat it, GET THE BOOK and READ IT.
(Lost all the books in the flood)
This book brought me to the stock market. I bought every book I found about stocks in a second hand book store and read it with dedication as if it was a Harry Potter or Lord of the Rings. Almost reach the ceiling of my own room.
Armed with my new knowledge(little knowledge can be dangerous) in the Stock Market. I was in a dilemma to which brokerage Firm I would choose.Actually there were only two in ILOILO City, Summit Securities and Regina Capital(Still Active). I choose Summit since SPYFRAT made a seminar on our school about STOCK INVESTING (You should invite him, he can even go to SINGAPORE if you want ! Great guy ,very humble). Visit his blog here. Spyfrat's Call.
My favorite stock back then was Jollibee, price during that time was at nine pesos( 1 dollar=40 pesos). 1000 shares back then would only cost you 9000 Pesos and if where sold today at 100 per share would equal to P900 000.
If I only knew baggers can happen then I would have held on this stock. Check out how Spyfrat converted 10 000 to 630 000. Amazing??? Yeah!! and you can do it too! I have done it too if I only listened to WARREN BUFFET!!
Buy stock to hold it for life.
Damn!!! I would have been a Millionaire by now!!!!
Can a bagger really happen??? Yes It can. I live my life seeing it unfold through my eyes while I'm on the sidelines !!LOL, that's life, what can't kill us make us stronger.
Here's my tip!! Actually its Warren's Tip.
1) Live a very modest life, always avoid lavish spending.
My only luxury is Coffee and a beautiful woman named Rosejanne.
2) Avoid being a compulsive buyer and seller of stocks.
3) Do not buy stocks what everyone else is buying
4) Buy stocks of companies which has simple products and services. Jollibee =All kids wants to eat here. Pepsi( Everybody drinks Mountain Dew) , so many stocks to choose!!! Comment for more examples.
5) Always buy undervalued stocks.
I bought PEPSI around 1 peso, current price around 6 pesos. I bought Megaworld (MEG) at 5 Pesos and it failed me(One of the worst Things that happened to me in Stock Market, newbie mistakes). I later sold around 3 pesos. It was so painful! I will take my Revenge on MEG!! Now it's UP and will be riding it in a few months!!!
6)Buy stocks of companies doing monopoly business---- MPI--This one's for you SARAH!!!! (Actually she didn't read this portion after reading the first paragraph of my blog).Comment if you reach this Portion!! LOL
7)Only confused people diversify their investments. I may have to swallow this BITTER Pill but actually He's right again!!
8)Do not do investment to make money, instead invest your money with the objective of generating more and more assets.
Now this one I can swallow.
If you ask me again what's my STYLE OF Investing????
The Warren Buffet Style!!
* I'm not recommending any stocks here. Buy at your own risk. DO your research and try out the products before buying their stock.
I dedicate this to my friends Les Tat, Yuele and Dyna. I know it would be hard at first but just try and you will be glad you did! HOLD IT when you reach my AGE and Say Thank you by buying SETH a REDHORSE ( He will be old enough to drink).
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