(If you want a quick guide for beginners how to start investing in the Philippine stock market, you can download your free ebook here.)
This has been said many times. You need to plan in just anything you want to accomplish, and planning is started with goal-setting.
Did you really sit down and spend even 15 minutes to plan your goals this year for your investments?
After all, it’s no easy task. The first and last time I ran for 5k, I was almost faint at the end.
What more with 10k, I pondered.
In the same way, are you financially ready to buy your first stock?
Do you have your emergency fund ready?
Did you pay in full all your debts?
Can you sustain your monthly investments?
Assessment is important so you can adjust and not get disappointed along the journey.
We had a map to show us the right directions.
But that was only made after the starting and end points were established.
With your goals written, and your current standing at your hand, it will now be easier for you to draft your path.
Are you going to be an investor or a trader?
How much involve you’re going to be in your investments?
Will you have your mentor?
Unlike my first 5k run where I tried it to finish in the least amount of time, I decided to take this run slowly but consistently. I proudly finished it with 1hr and 15 minutes!
And I’m happy to think that I’m in the above 50%. 🙂
Throughout the race, I obviously got tired exhausting every joule of my energy!
Good thing there are water stations along the route to get me back on track! The temptation to stop immediately vanishes!
You’ll get tired too after putting some time into your investments.
You might see it boring that would bring out the impatient person in you. In those times, simply get yourself recharged and hydrated.
Have your constant inspiration flowing into your life, and you’ll be back in your senses in achieving your goal.
The fact is that I was not the only runner in the race, in the same that you’re not the only investor in the market. Keep learning from others and it will surely pay-off in the future.
As one man once said, a conversation with a wise man is worth a thousand books!Wow! That’s a bang for book-lovers like me.
I think what I enjoyed most in the run were the points where I saw progress in my distance.
We started in the start lane, then I saw the 1k accomplishment sign.
I was looking for every kilometer sign thereafter, but I was surprised to see the 7k sign right after, followed by the 9k, and lastly the finish race.
8. Have fun!
Finally, I always end my post with the phrase “Have fun investing!”
I just realized in life that you need to have fun doing something if you want to keep doing it!
PS3: My records below! Not bad! 🙂
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Have fun investing!
1. Set your goals.
2. Assess your condition.
3. Know your path!
5. Get hydrated!
6. Learn from others!
7. Monitor your progress.
8. Have fun!