Investing in stock market
By shylade
@shylade (3132)
Philippines
September 13, 2012 3:55am CST
I am reading an eBook entitled "My Maid Invest Invests in Stock Markey... And Why You Should, too!" by Bo Sanchez. In case you don't read it yet, it's about investing and having a retirement fund. This open my mind about stock market and how to invest on it. Though I have just half way through, it made me realize how it should be easy to save if you are willing to. Imagine Bo's helpers manage to save and invest in stock market monthly, so how can't I do that? First thing he taught them is to divide their salary into 5 parts. One part will go to Tithe or Church donation (about 10% of the salary). Second part is the expenses fund that will cover their daily expenses. Third part will be the support fund that will go to their family whom they are supporting. The fourth part will be the emergency fund and this will be use in case their family needs money beside the support fund. And the last part will be the retirement fund. The retirement fund will be keep and invested. This just give me a bright idea how to allocate our hard earned money. Which makes me realize why can't I do this? For me I find this helpful and I will surely read through the end of the eBook and hopefully I can learn more about stock market.
3 people like this
11 responses
@aerous (13434)
• Philippines
22 Sep 12
Who is Bo Sanchez, friend? He is a good broker in stock market?
We hope there is an online to do stock in the Philippines, like South Korea and Japan which you can able to invest in trading online.
There are many trading online but don't know if they are real or not?
@bdfreelancer (518)
•
18 Sep 12
Stock market is a very exciting place to make money. But without appropriate knowledge and the ability to sustain in case of a huge loss it is not a wise decision to invest money in stock market. The market does not always follow trend and can be greatly influenced by syndicates.
@sweetloveforeve (13120)
• Portugal
13 Sep 12
but to invest in stock market can be bad. cause its risking money. if you invest your money and you lose it? would be good to invest if you were sure that you wont lose it. then sure is good for your future. but if its risky maybe you should read more about it.
@josephsfng (120)
•
15 Sep 12
Dear Shylade
Since you ask for our opinion on stock market investment, truthfully I am not and never in favour in such form of investment. To me, it just 'gambling' I have yet heard anyone made good money in such activities for the long haul.
Further more the stocks are so volatile that it's impossible to predict the rise and fall of any stock items in the exchange. As said earlier is just by chance that anyone can get money this way. That's my take! OK?
@mikyung (2232)
• Philippines
13 Sep 12
I'm thinking also about investing in insurance or in mutual funds. That's why, I will try to talk to the insurance agent this week to get some details and to weigh my options. I'm not getting any younger, so a retirement fund is also one of my priority right now. It's really nice to plan for the future. Life is too short to be wasted.. Thanks
@rajesh_111 (595)
• India
13 Sep 12
Investing in the stock market requires a lot of study .
I would suggest you to invest in the mutual funds with systematic investment plans because investing direct in the stocks would increase your risk.
I had seen a TV program about investing in the stock market. Where the expert said the trading in the stock market is a thief art, you have to choose your target , get all info about it -study it well and keep the plan B ready (stoploss in case of stock market)
@shylade (3132)
• Philippines
14 Sep 12
According to Bo Sanchez, investing and trading in stock market is different. The latter is harder since you are risking everyday. We invest in stock market the amount we can afford too. We don't need to invest big time, but invest the amount you can take off from your salary or family budget. Thanks for the response.
@scheng1 (24649)
• Singapore
21 Oct 15
You can read a book called The Richest Man in Babylon.
It is a story about a slave who manages to become the richest man in Babylon.
This little book was published about 90 years ago, and still the lessons are applicable for all of us.
I think money lessons are forever applicable.
@Strovek (868)
• Malaysia
13 Sep 12
I suggest you read more, try paper trading first before you use real money.
It is easy to get started but it can also be easy to lose money. There is a lot to learn when it comes to investing.
However, once you learn the skill, it can be very rewarding.
@cathy1990 (220)
• Philippines
13 Sep 12
I've also tried investing on stock but it's just a stock trading game by the Philippine Stock Exchange (with BPI)which is a game maybe for everybody. We are using virtual moneys. We joined this game because of a contest and now it's near to end on Oct. 5 2012. Which the winner should have a highest amount of portfolio at the end of the game. and just now we rank number 10. Hoping to win and even if just a runner up. hehehe
@venessapaula (168)
• Philippines
13 Sep 12
I haven't tried Bo Sanchez' club, but I will soon. I have tried UITF though (Unit Investment Trust Fund). This is offered by the banks and it is the same as mutual funds. When you invest in the stock market, you need to manage your account and you need to invest big. UITF and mutual funds is a pooling of funds of investors. When you invest in the stock market on your own, you are also on your own, but if you go the UITF or mutual fund way, you will have a fund manager. All you have to do is park your money with them and they will do the rest :). Like, with my BDO UITF that I had for 5 years (Balanced Fund), got an ROI of 46%. If I got the equity fund, I would have gotten an ROI of 100%. I think if you got extra cash,you should try these investments rather than going through the savings route which yields you only 1% p.a.
@shylade (3132)
• Philippines
14 Sep 12
You are right. The eBook just open my mind about stock exchange. It would be better if I join the Truly Rich Club because Bo Sanchez will h=guide us through the way. We are thinking about it too. Bank savings has a very low interest so the money is almost non-moving there. Though I have a part time business already. Thanks for the response.
