(If you want a quick guide for beginners how to start investing in the Philippine stock market, you can download yourfree ebook here.)
Long-term investors as we are, our goal today is to accumulate as many shares as we can. The price per share is not our concern right now because over long-term, the number of shares is much more powerful than the price per share, so keep on adding into your stocks and equity fund accounts.
The ups and downs of the market should not change our investment perspective because our goals are long-term so just put and put and put into your investment account. As long as your “Investment Safety Nets” (term insurance and long-term medical savings) are in place, you are in a secured investment zone.
All indicators shows that in the next 3-5 years our country will enter into a decade of progress and profitabilitythat we haven’t experienced yet as a nation.
It would not be a smooth or a straight line climb but we are very positive that we will get there in our fearless forecast that the PSEI will reach 10,000 by 2016.
Let’s all ride the bull, my dear friends.
This is our decade, this is our time—but…habit is more important than skill.
So once again, we encourage all of you to issue post dated checks for all your investment accounts. In this manner you are actually creating a “Forceful Facility” for you to develop a new habit of saving and investing.
Why do we need a “Forceful Facility”?
To conquer bad habits (procrastinating and lucrative spending), we need Forceful Actions as well. Issuing a post dated will challenge you to simplify your lifestyle and find other means to earn so that you could maintain your balance in your checking account to finance your Investments. If not, the bank penalty might be bigger than the added investment you have committed every month.
This process will also enhance your creativity by not just relying on your job or on a single source of income. So for those who don’t have checking account yet, you better apply for one and start filling up those checks as early as today so you can submit your “one year post dated checks”.
After doing so, you can now go back to what you do best or love doing and let your investments
compound with time.
But remember that we are now in the Information Age and the greatest leverage we must all have is the right and timely financial concepts,so keep on learning and applying what you have learned. ***
PS: The above piece is a short section of a sample Wealth Strategy article of Truly Rich Club from Lyndon Malanog. Lyndon Malanog is an Entrepreneur and the Financial Coach of Bo Sanchez, Inc.. He continuously gives “Financial Discipline and Wealth Management” seminars to companies and groups as part of his noble mission and advocacy of educating people.