The Philippine stock market has been doing good in the last few months and I am very pleased with my stocks. There are occasional downs, yes. But it’s a pretty good investment and learning experience so far.
I still have so much to learn about investing in the stock market but right now there are a few guiding principles that I follow such as: Choose only GOOD (diamond 0r stable) stocks. I’ve read an article by Warren Buffet about making sure that you buy stocks only of companies whose businesses you understand. What you don’t know, you don’t touch.
Another thing that I need to keep in mind is to buy when prices are low and occasionally, if I have very reliable sources that say that the target price for a certain stock has been reached and it’s time to “let go”, I sell.
The third thing that I keep in mind is to be consistent. I try my best to put take out my budget for investment first before I spend on anything. It’s hard but it’s doable if you’ve really set your mind into it. I’m also lucky to have teammates who share the same passion and discipline of depositing our “investment budget” to another bank account.
I really hope I can invest and make money through stocks so that I can also retire early..haha.