My First Two Years Investing in Philippine Stock Market

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Last Dec 2012 was my 2nd Anniversary with COL Financial (previously known as CitisecOnline). I am very satisfied with the outcome of my 2 years with investing in Philippine Stock Market so I thought of sharing those days when I started with just Php 5,000.00.

I am a fan of Bo Sanchez. I heard a lot of stories about him. I attended “The Feast”, bought books he wrote and read the story of his life. One time, I knew about his club called “Truly Rich Club”. It was in the Club’s website that I was able to download his free e-book “My Maid Invests in Stock Market.. And Why You Should Too." This opened my eye to a new world, a world I never dreamed of entering: the Philippine Stock Market.

When I was in College, my friend talked about his professor investing in Stock Market. As she was enthusiastically telling me that her professor invites them to invest their small amount of money, I disregard the thought of putting my savings there (if I have any). Just imagining those graphs makes me afraid. I thought it was too risky because Stock Market is something I am not familiar with. But when Bo introduced CitisecOnline, I never thought I would be able to join with a small amount (because I was thinking it would cost me millions). So I told myself, I will definitely try it when it’s still a small amount to risk.

I opened an account in CitisecOnline

With no idea how stock market works, I went to Philippine Stock Exchange Building in Ortigas, filled out my form in CitisecOnline, applied for Easy Investment Program (EIP) and deposited Php 5,000.00. (Click on the choices if you are interested to open an account: Have time to go to their office or Want to send forms to through Courier).

My First Purchase Order

So excited when my account got activated, I bought 2 stocks: RFM and SMPH. Bo mentioned that you should buy a stock that you know. I know SMPH but since it is Christmas season at that time, I thought of buying RFM because they might have large sales for their products like pasta and sauces. That’s how clueless I am as to what I should buy and letting my own analysis do the decision making. It was really tough not knowing what and when you should buy. By March, I decided to join the Truly Rich Club because I know it would be hard to do it on my own. I need guidance.

Officially A Truly Rich Club Member

Part of what the Club gives when you join is an article called “Stocks Update”. In this Article, you can see the suggested stocks to buy, the “Buy Below Price” and the “Target Price”. When the price of the stocks suggested is lesser than or equal to the “Buy Below Price”, you can buy the stocks. When the value of the stock is within the “Buy Below Price” and the “Target Price”, you wait and when it hits the “Target Price” (or a few cents near it), you sell. It was a lot better when I joined the club. I had a clear vision of what to buy and the proper timing of putting the buy and sell orders. The Stocks Update is like a traffic light for me, it tells me when to stop, when to wait and when to go.

The First Stock Sold

When I saw the list of suggested stocks, SMPH is included but RFM is not. So I decided to sell RFM even with 2% loss disregarding the dividends I received from the company. First Stock bought, first stock sold, first loss. Not a good start huh? But I was convinced to do it because in the future, I might lose a bigger amount if I don’t sell it right away. As I’ve mentioned, I don’t have much idea about RFM and I don’t know whom to ask when to sell it.

My Earnings In Two Years

With Truly Rich Club’s help, my portfolio grew to more than twice my monthly salary now. By the end of the year, I am targeting to have it 4 times my monthly salary (meaning doubling what I have now). I’m really excited about it and I am very thankful to Bo Sanchez’s Truly Rich Club. It has been blessing me ever since I started joining. So if you are also starting your investment in Philippine Stock Market, I invite you to join the Club. You’ll learn a lot plus you are helping Bo Sanchez to support his missions like Anawim.

Yes Cath, I definitely want to join!

I want to know more about the Club

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Terms:

1. Dividends - According to Investopedia, it is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Read more: http://www.investopedia.com/terms/d/dividend.asp#ixzz2KYgmgtES