While some investors wait for a gain of as high as 15% to 30% before selling a stock, I thought I’d settle for a lower percentage in my first selling transaction in the stock market. (It was my first, kaya medyo kinikilig at kinakabahan ako habang pinoprocess ko yan, hehe!) I believe that as long as it’s higher than the inflation rate in the country which is at around 4% to 5% annually, it’s a wise move. Okay, maybe next time, I’ll go for 10% or higher. Haha.
On August 27th (just the other day!), I sold my 40 shares of First Philippine Holdings Corp. (FPH) at P81. I kept them for a total of 36 days before selling. I bought them at an average price of P73.89 per share. I’m using “average price” here because I bought the shares in staggered amount at different prices. For this transaction, my net gain/profit was P222.47 or 7.47% as indicated in the stock computation tool I downloaded from SmartPinoyInvestor.com. A small amount, yes, but it was certainly very meaningful to me. And hindi ko rin naman basta mapupulot ang halagang ‘yan, diba?
Of course, I left some FPH shares in my stocks portfolio so I could start buying new shares again using the strategic averaging method (SAM) being taught by Brother Bo Sanchez. I knew about this by reading personal finance blogs online. Just to be clear, I’m not a member of his popular Truly Rich Club and I don’t think I could afford a membership at this point.
As a newbie stock market investor, I was very happy with my first selling experience. I know I still have tons of things to learn to maximize my profits, but I’ll get there one step at a time. I just have to remain positive and committed to my investment goals. 🙂