Almost decade, my uncle would always encourage us
to read about financial management, economics and business. He would also tell
us to read the news everyday as there are opportunities in the everyday news.
He also encouraged us to invest in the stock market. (The minimum investment
amount that time was P25,000.00)
Of course, being young that I was and being at the
height of enjoyment, and with no P25K to spend, I just shrugged off my shoulder
and let him speak whatever he wanted to without actually internalizing what he
was telling us.
Fast forward, now, almost 10 years after that
discussion, I begin to regret not following his teachings. If I did, I might
have enough money right now. Well, it’s not yet late.
Last September, I was able to convince Hubby-Su
that we will try investing in Stock Market. I told him, I was inspired by Bo
Sanchez and that we also have the right to be investors. Yippee, he agreed.
Thus, the following morning, I sent my application via DHL and deposited the
minimum investment amount of P5,000.00 only. Thankfully, they have opened their
gates to those who do not have P25,000.00.
Today, im into what, in the 6th month of
happy investing. I tried short term investing but I guess it was not for me, my
heart can’t cope up with it. I had my share of losses (around 9%) but I also
had my share of gains (18%), now I’ll be receiving my first dividend (I guess
approximately P500.00 hehe, but I’m not looking into the “now”, my eyes are in
the “tomorrow” when I’ll be needing the money more)
This is my advice to my fellow small time investors
( I call myself small time because the amount that I invest is “tingi-tingi”,
just bits from our monthly income) or to everyone who wants to invest in the
stock market but only has a little to spare:
Though Invest
in Small Amount, Invest it Long time
Consider the amount that you have invested as
expenses, don’t think of it anymore (after all, if it is in your hands, you could
have also spent it on clothes, cellphones, and other stuffs). Just continue
putting a little amount for a period. And then later you will just be surprised
to see how much your money has grown.
I have a friend, his dad invested in the stock
market 20 years ago. He bought 10,000 shares of a company for P50, 000.00. Every
year, he receives around P100,000.00 for dividend alone and what’s more, the
price per share of the stock is now at P200+. If he decides to sell his stock
today, he will get P2.5M.
That’s why, I encourage my fellow “unrich-working
commoners”, we too have the right to be financially wealthy someday. Just save,
invest and save and invest. The “Piso” that we invest today can become P100
tomorrow. How much more if we save and invest P100, or P1000.00, or more.
I know, investing is not easy. But for us who are
not fully equipped with financial knowledge and yet we really want to learn and
have a mentor, try Truly Rich Club. Bo and his friends are very much willing to
assist us.
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