As I am writing this, I’m no longer a newbie in investing in the Philippine Stock Exchange. I’ve breached the first month anniversary. 🙂
So how’s things been? First, most of the things I wrote on my first stock market investing post, I didn’t follow. I said I won’t trade, I said I will only go for peso cost averaging, I said that I will be discipline and put in only a set amount per month. These things and more turned out to be just “paper plans”. 🙂
Fast forward one month, I’ve seen and experienced making money in the stock market through trading. I have yet to get my first dividend. This will be next month on CEB (Cebu Pacific) dividend pay date. P2 pesos per common share! Yeyyy!
It’s a nice feeling to have money work for you, even if how small the profit is.
I’ve also moved more of savings deposited in banks to the stock market and bought more stocks. Green or Red ports no regrets.
The emergency fund in the bank remains untouchable. It’s only for emergency, and investing in the PSE is not emergency.
I also bought Mutual Fund – this I intend to apply peso cost averaging. Diversify your investment is always recommended. So now bank deposits, stocks, mutual funds are in the bag. No real estate and properties yet, in time this will happen too. Always have a goal, and work your butt off to make it happen.
DREAMS ARE THE BLUEPRINTS OF REALITY
STOCK MARKET INVESTING IS ADDICTING
It is really addicting. The ticker in COL’s portal has become a magnet drawing me to watch the movements even if I don’t have any more funds to buy stocks. Lol.
I still have to find the sweet spot between doing my usual work-routine and watching the PSE. The up and down movement of stock prices when market is open are like drugs trapping me in its addicting but exciting cycle. Red, Yellow, Green running on the ticker box….
As of now, my normal work routine is messed up. Need to strike a balance. I need to unfocused on the market a bit, lol since I need to produce more work, so I can have more extra funds to invest.
I’ve also forgo my usual FB habit, lately I’m still online in FB but only to check the investing and trading groups that I have joined. I am embracing the stock market world more and more haha.
BLUE CHIPS versus ‘BASURA’ stocks
Right now if you checked my portfolio, my position is more on blue chips for long term investment. I want to venture into speculative stocks, which some tags as ‘basura stocks’. But probably not until I learn more about technical analysis. I still have a long way to go in terms of using charts to make calculated decision on when to buy, when to sell, entry and exit points, etc.
Of all these stocks I currently have in the portfolio, only planning to keep at most 4 for long term – AP, JFC, DD, and one more.
The rest are either medium term or for liquidation once stock hit my target plan.
After one month, the portfolio paper gains is at 5.22%. Not bad for a new investor.
DD DOUBLE DRAGON SOARS
I first bought DD at P47, sold it at P52. I re-entered at 56, bought more at 60.50, sold some at 71. Realized some gains in the process. The rest of the Double Dragon shares are for long term.
The Dragon soars high and mighty strong. Until when this will continue? No one knows for sure. Some say that the bubble could burst anytime especially PE ratio is staggering (alarming, others say) at 220+. I’ll deal with it when there is a reversal. But still, I will leave some DD stocks for long term. I have full confidence on the company and its management. The road to 2020 yeyyy!
Are you a Newbie planning to get into or start investing in the stock market?
If you are thinking of entering the stock market. This I suggest to you.
BUILD and emergency fund first.
CREATE MULTIPLE INCOME STREAMS so you can hit your target emergency fund faster. Your extra fund sources can also give you added cash for trading and investing.
PROTECT yourself, get life insurance coverage, Whole Life or Term, it is up to you. If you are self-employed, get HEALTH INSURANCE or HMO too. My family found out first-hand how essential having health HMO coverage when we faced a medical emergency last year.
While you are working to hit the goals above, learn about the stock market. Learn as early as you can about fundamental and technical analysis. So once you have the emergency fund and life/health protection ready, you can now start to entering the market for real.
Let’s go for Financial Freedom. Let’s aim to make money work for us.
While I continue to write this blog post, DD was at 77ish. But after a few minutes this dropped to the 73ish mark. It closed the day at 71 from a high of 80. Risk and Reward brought to you by the stock market. It’s fun, it’s exciting especially if you have funds to buy more and more stocks. 🙂
John says
Amateur. DD is trash. It’s a manipulated stock by Injap. It has one of the worst management team conceivable. Can you imagine having a 28 year old as your CFO? Sounds fucked up to me.