Successful investing is NOT easy. There, I’ve said it. No point beating around the bush.
Don’t get me wrong. It’s not technically difficult. In fact, that’s the easy part. As you know, my maids and messengers have been investing successfully for years now. After a few clicks, they know how to operate the COL Financial website. They know how to buy and sell.
I repeat, that’s the easy part. It’s not the technical part that’s difficult. Successful investing is emotionally difficult. You could be a rocket scientist and fail in investing because you don’t know how to control your emotions. And that, my dear friend, is the GREAT SECRET of successful investing in the stock market: CONTROL YOUR EMOTIONS.
Let me give you an example. Today, we have the almost perfect condition of the stock market: If you buy at these low prices, you make the most long-term profit. But our emotions don’t see that. All we see is our stock market portfolio dripping with blood. All we see is that our money is 10 percent or 15 percent lesser on paper. And we “feel” depressed. Discouraged. Despondent. So we’re not excited to buy. Instead, we want to sell, run, and cry. But I assure you—if you can control your emotions—you’ll be a great stock market investor.
Source: Truly Rich Club Stocks Update Volume 5, No. 1, Published January 2014
Below is some latest Philippine stock market investing news:
Aquino sets sights on market hitting 9,000 as PSEi doubles under his term
President Benigno Aquino III is optimistic that the Philippine Stock Exchange index (PSEi) will hit 9,000 before his term ends.
“I expect to ring the bell in celebration of the index breaching the 9,000 and 10,000 levels hopefully before I step down from office,” Aquino told members of the PSE board of directors and officials of listed companies during the bell ringing ceremony on Tuesday morning.
Aquino rang the opening bell at the PSE in Makati City, more than a week after the PSEi closed above the 8,000 level.
Last Friday, it reached its all-time high at 8,127.48 points.
Aquino recalled that when he first assumed office in 2010, the PSEi was still on the cusp of breaching the 4,000 level.
“Now, looking back, I cannot help but think: How times have changed, and might I add: For the better,” he said.
The President said there is a lot of optimism in the economic performance of the country.
“I am told that trading activity increased by 40 percent year on year, from P457.08 billion in the first quarter of 2014, to P641.59 billion in the same period of 2015,” he said. “Within that same period, net foreign buying also grew by 182 percent, from P17.33 billion in the first quarter of 2014, to P48.87 billion in the first quarter of 2015.”
Aquino pointed out that the PSE would soon migrate to a new trading system called PSETrade XTS, “which possesses an enhanced trading capacity and increased risk management parameters.”
He said it will serve the PSE well and he is hopeful that the index will breach the 9,000 and 10,000 levels before his term ends in 2016.
Source: business.inquirer.net
Philippine Stock Exchange Targets All-Time High Of 9,000
The PSE expressed optimism that the local stock market will be able to break past the 9,000 level, which will be an all-time high.
The PSE issued the statement as President Benigno Aquino III sounded the opening bell on Tuesday.
In today’s early tarding, the Philippine Stock Exchange index (PSEi) opened at 8,081.61, higher by 8.39 points or 0.10 percent from the previous trading day.
Meanwhile, strong corporate earnings in the Philippines have enticed foreign stock investors to flock into the country, triggering a USD1.1bn jump in net foreign purchases in Q1 of this year.
Reuters data showed that the net foreign purchases of Philippine shares in January to March recorded the highest for any quarter in almost three years.
In contrast, Indonesia and Vietnam posted USD416m and USD18m in net foreign stock buying in the said quarter, respectively.
Thailand, meanwhile, recorded USD260.02m in net selling. Rafael Algarra, EVP of Security Bank Corp’s treasury division told Reuters that index shares in the Philippines are being pushed up to the funds coming into Asia, particularly in the Philippines.
The Philippine stock market has clocked 27 record finishes so far this year.
One analyst said the outlook for the consumption-driven Philippine economy has enticed foreign funds into the country versus those of its neighbors
Source: businessnewsasia.com
Interested in Stock investing in the Philippines?
Join the Truly Rich Club.
For more information about the Truly Rich Club, go to this link Truly Rich Club or hit the get instant access button below.
The Truly Rich Club is an online private membership group founded by Bo Sanchez. It’s called “Truly Rich” because the subscribers are taught not only to be financially free and wealthy, but also how to be blessed in ALL areas of life: whether in the relationships, career, spirituality, health, and of course in financial life.
More Success and Happy Investing,
Red
No comments:
Post a Comment