Monday, July 02, 2007

3rd year anniv

Its been almost four year since my friend rafael told me about the stock market and introduced me to spyfrat and i can still remember it all clearly. :) and last june 24 was the third year that i made a commitment to value investing. :) when i started buying stocks i just bought the stocks that i fancied and whatever i was familiar with. Just buying with no research whatsoever!?! hehehe i did well with my first buy sm prime holdings (smph) and made a 12% profit and my next buy was metrobank (mbt) and i registered a 9% loss. The latter was the one that made me think. Maybe there is an approach to investing where you can time your purchases and make short term profits which got me interested with technical investing and charts which i also made a profit but the problem with it for me is that i dont have the time to monitor the market because i work on trading days. Then i discovered value investing and it was a perfect match! :) long term investing was a perfect fit for me but one thing that i had to learn was to be more patient. But with some luck and determination i was able to discipline myself with my trades and to withstand all the temptations of selling my positions every time there was bad news. :) as they say it takes a lot of stomach to be a long term investor. :) how would you feel if you see that the share price of your stock goes down 20% or 30%? i would say that 90% of people would panic. :) but this could be avoided by good research, patience and discipline. If you make the commitment to buy stocks only at lows then half the battle is already won. :) my target with my value portfolio is a minimum 15% compounded return in a 10year span and im really surprised that i was able to do better after three years. :) my portfolio doubled in value after 2years and 11months and im really happy with it but of course i do know that there is still a lot of room for improvement and there is still so much to learn about the market. :) as they say you stop living when you stop learning! :) im happy i found value investing because it is the perfect system for me and you should also strive to look what style suits you. :) research also will play a big role in your success in investing also. Discipline and patience is important because it really takes time to see your portfolio grow. Time does a lot of wonderful things to a value portfolio. I do hope i could see more value investors in our market. :) heres a saying that i like but i cant seem to recall where i heard it. :) “the harder you work the luckier you get” :) market closed at a new high again today and i believe that the market will still do well in the next few weeks and hopefully hit 3,800 very soon! good luck on all your trades and God bless :)

1 comment:

rafcerteza said...

grabe chief, passionate ka gid man tuod pre! bilib man ta sa imu ba!

congrats sa kpm! diin mu ni gina pulut chief man? and more importantly, where do you find the time to do all that research?

hehe, basa lang ko sang blog mu pre, daw lain gid man ta investment style...storyahan ta lang na galing ah, sigurado ma kitanay man ta :)

pero tuod bala...double after 2 years 11 months? indi triple? quadruple? tanaw ko lang stocks mu pre, dapat gani quintuple eh!

anyway, mangamusta man lang ko ah. ari ko sa balay subung, ga hilanat, and i stumbled on your blog while doing some research on pse...hehe, i only have time to research when i'm sick...some investor i am! ;)

happy 3rd anniv, part!