A True to Life Stock Investment Story

Hello everyone, I hope you had a fun weekend and looking forward to this new week to get to learn a lot of new stuff once again.  Mondays are always a good time to plan for the week ahead, prioritize the most important tasks you have and make sure to close them early.  

With regards to the PSEi, it is a news heavy week, and it looks to be a volatile week for Philippine stocks.  The volatility may be caused by the fresh trade tensions between the United States and China. Another event that could trigger big moves in the PSEi is the result of the Bangko Sentral ng Pilipinas (BSP) policy meeting scheduled this week.

The PSEi closed higher last week at 8,129.93, up by 0.39% or 31.77 points, however this is down by 0.66% or 54 points on a weekly basis.

We’ll continue to monitor how the Philippine stock market does this week.  In the meantime, I would like to share this real life, very inspiring stock investing story, you can read the full article here http://money.com/money/5003640/stock-market-sold-money/?utm_campaign=money&utm_source=twitter.com&utm_medium=social&xid=frommoney_soc_socialflow_twitter_money

Here are the lessons/inspirations I got from this story:

• Financial education is very important.  Need to make wise decisions when it comes to money matters, this is where your future depends so make sure to make the right investments.  In the article, Roz inherited $50,000 and before she made any investment with that money, she made an excellent decision to first educate herself about money matters.
• It’s a good idea to decide on how much money you’ll need to live comfortably as soon as possible, target that amount and work towards attaining that amount.  If you decide that you want to earn that money through stock investing, then do it, and once you reach that goal, don’t be greedy, you already reached your goal, you’ve computed that carefully, you can cash out and live on that money.
• Having a goal early on first of all prevents you from being greedy and second, it decreases the disappointment when you feel that you’ve sold or cashed out too early.  As in the article, Roz cashed out and the next day the market spiked up, did she regret it? Of course she did, but what mattered was not amassing as much money as she could, it was her peace of mind.
• Timing is everything, but you can’t time the market.  We don’t know whether it will go up or down.
• Based on the 3 decades experience of Roz in the stock market is that what goes down eventually comes back up!

The stock market has been very good to Roz and it can also give the same benefits to you.  Imagine if Roz had the same guidance that the Truly Rich Club provides, I would think that her money could have been more.