Today the PSEi or Philippine Stock Exchange Index or the Phisix (for the older gents) had reached beyond 7,300 as of this writing and breaching possible beyond 7,400 points. Looking back in memory lane. It has been six years when I did my first take in the local bourse. To tell you frankly, I have no idea on how to invest in the stock market back then. I did have excess money and made a blind decision to partake in this eventful time in my investing life. I was beginning my journey as personal finance follower on growing my funds for the purpose of saving up for my education, a small time business, a condo unit, a car and at the same time building a slush fund for my other pleasurable activities. I was totally happy and amazed on the exponential gains on how my money grew from a few pesos to thousands of pesos in a span of four and half years till the joyride of riding the bull was over when that well-known manufacturing companies of spirit and intoxicating drinks decided to get delisted from the stock exchange.
Five years after, I was devastated to learn that company announced it's decision to pullout its presence in the Philippine Stock Exchange and would buy back it shares from small investors like me. I did had a heartbreak on the money I lost. Hardly seen my expectation go into ruins. To many finance experts say it is a paper loss. Yes it may be a paper loss for me but it was truly disappointment for me as a newbie investor in this big ocean full of danger. I did spread my investment portfolio with a balanced fund or hybrid investment fund with a mutual fund company back then if any tragic things happen.
I attended one of the top online brokerage companies on a free seminar and listened to their presenter who really looks like a white guy but he is a Filipino and he can perfectly speaks Filipino in a genuinely manner. This mestizo guy is one of one VP of that company. He mentioned some books that we should read especially on Technical Analysis and Fundamental Analysis of Stocks which are the cornerstone of learning the basic of stock trading and long term investing at that time. I was a bit apprehensive and hesitant because the books he mentioned are too expensive and are bought online. Plus there are not much books that eventually tackle the Philippine Stock Exchange and mostly focused in the United States and European markets so blatantly just save a portion again on my bank account, mutual fund and my small business.
2008 to 2012 - those years spent then from finding a right training facility to hone my skills in trade but I decided to shelf my plan back just to focus on other things especially my education. I made a bold decision to study, learn and apply all what I have learned from my previous experience that never again would I be investing blindly without doing my homework so I applied for as an investor of an online brokerage and trading company.
I did learn to read some of the financial statements using fundamental analysis and sound judgement and selecting which best stock would be profitable in the long run. Learning what are EPS, P & E Ratio, Fair Value, Target Price, Dividends and such which are very important as well then again I felt it was not enough for me to read only books and as I need a mentor to guide through this. I was happy to see a forum in the social media that truly could help me in which the admins discuss a lot on how to make profits from the stock trading by using charts, trends plus the instincts of exploiting others emotion when they cut loss. The rule in this stock trading is using the fundamentals, technicals and also the instincts. His rule was never to have emotion and invest, save and trade like a machine or a robot who is a truly heartless. If the stock went down south then learn to LET GO of it!
Recently, the Philippine Stock Exchange has launched its Apple IOS and Android application for the EDGE at the Philippine Stock Exchange Web Portal
A piece of advice to newbies, curious people and faint-hearted of the stock market, if you need to educate yourself more on becoming a traders or investors at the same time I can recommend some institution that can help you:
PSE Academy (Philippine Stock Exchange's Education arm)
Stock Market School Foundation
Absolute Traders
Peso and Sense
Marvin Germo's Stocks Smart
Trading Edge Consultancy
Although they may cost a few thousands pesos, the rewards in arming yourselves with knowledge in making your trade is a big goal of making enormous profits through this passive income.
It's Just A Game, Sometimes You Win and Sometimes You Lose!
I attended one of the top online brokerage companies on a free seminar and listened to their presenter who really looks like a white guy but he is a Filipino and he can perfectly speaks Filipino in a genuinely manner. This mestizo guy is one of one VP of that company. He mentioned some books that we should read especially on Technical Analysis and Fundamental Analysis of Stocks which are the cornerstone of learning the basic of stock trading and long term investing at that time. I was a bit apprehensive and hesitant because the books he mentioned are too expensive and are bought online. Plus there are not much books that eventually tackle the Philippine Stock Exchange and mostly focused in the United States and European markets so blatantly just save a portion again on my bank account, mutual fund and my small business.2008 to 2012 - those years spent then from finding a right training facility to hone my skills in trade but I decided to shelf my plan back just to focus on other things especially my education. I made a bold decision to study, learn and apply all what I have learned from my previous experience that never again would I be investing blindly without doing my homework so I applied for as an investor of an online brokerage and trading company.
I did learn to read some of the financial statements using fundamental analysis and sound judgement and selecting which best stock would be profitable in the long run. Learning what are EPS, P & E Ratio, Fair Value, Target Price, Dividends and such which are very important as well then again I felt it was not enough for me to read only books and as I need a mentor to guide through this. I was happy to see a forum in the social media that truly could help me in which the admins discuss a lot on how to make profits from the stock trading by using charts, trends plus the instincts of exploiting others emotion when they cut loss. The rule in this stock trading is using the fundamentals, technicals and also the instincts. His rule was never to have emotion and invest, save and trade like a machine or a robot who is a truly heartless. If the stock went down south then learn to LET GO of it!
Recently, the Philippine Stock Exchange has launched its Apple IOS and Android application for the EDGE at the Philippine Stock Exchange Web Portal
A piece of advice to newbies, curious people and faint-hearted of the stock market, if you need to educate yourself more on becoming a traders or investors at the same time I can recommend some institution that can help you:
PSE Academy (Philippine Stock Exchange's Education arm)
Stock Market School Foundation
Absolute Traders
Peso and Sense
Marvin Germo's Stocks Smart
Trading Edge Consultancy
Although they may cost a few thousands pesos, the rewards in arming yourselves with knowledge in making your trade is a big goal of making enormous profits through this passive income.
It's Just A Game, Sometimes You Win and Sometimes You Lose!
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About the Author:
Silent Operator Dan, is 30 something heterosexual male. A part-time blogger, adult scene observer / patron and a frustated writer of some sort although he was a former editor-in-chief of his college newspaper. He currently resides somewhere out of the realm of the city limits and dabbles in high finance and business. You can catch him at http://theconfessionsofayoungman.blogspot.com.
Copyright 2011 - 2014. Confessions of Young Man. All Rights Reserved.
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