This is the first of a series of reports that I will post each and every month summarizing my progress in stock market today and mutual fund investing.
I’ll conclude with the most important things that I learned and/or what I have planned for the near future.
Lastly, I’ll mention the major events that may have happened within the month that could have made a difference in my earnings in stock market today.
I’d love to respond to any questions or comments that you may have. Thanks!
I am an Entrepreneur, I am an Investor.
This is the mantra that keep playing on my head, whenever I m talking with someone who is;
- Telling me that his/ her friend told him that a stock that I have never heard of, will double it’s price in a few weeks, that they earned a lot of money buying this hot stocks or penny stocks
- That there’s a new online company where you don’t have to do anything but to invest money and your money will earn 2% per day.
- Or there’s this online gold company where you buy gold (theoretically) and when your position exits your money would have grown by 5 times.
- Or there’s a new network marketing company where you only have to invite two people and your all set to earn lots of money.
Like me, I’m sure you have heard one or a few of them before.
I have been a victim on a few of them myself. I didn’t know much better that time.
And I paid a really high tuition fee just to learn from it.
I was entice by the amount of money this people has been showing me before that they earn by doing one or all of the above.
But, I fail to ask them how many times they lost money and how much.
Now, I invest for the long term.
I don’t look for short term volatility anymore. nor pay attention to the daily or weekly gyrations of the stock prices.
As Warren Buffett said, “Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.”
Enough said, Let’s look at he current happenings in the financial market,
- There is possible increase in the size of the quantitative easing on March by the European Central Bank.
- Last January, the Bank of Japan announced that excess deposits with the central bank would no longer earn interest but instead be charged 0.1 percent.
- The Philippine government announced higher than expected GDP growth of 6.3 percent for the 4th quarter of last year.
- Commodity prices are still expected to remain weak because of the slowdown of China’s economy.
- Though the outlook for the peso remain negative as the Chinese Yuan continues to devalue, the higher than expected GDP growth of he Philippines was being driven by the government spending during the 4th quarter of last year. But it may not be sustained by 2016.
- Based on COL technical analysis the PSEi is still expected to go down.
Here is my current portfolio as of March 01, 2016
(Disclaimer: Past performance doesn’t guarantee that you’ll have the exact same results in the future. After all, your earnings all depend on the market’s performance.)
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