On July 21, 2014, my 30-year old self braved the financially rewarding yet dangerous world of stock market investing. I have never looked back since that time. Officially on my fourth year in my COL Financial journey today, I wish I have new lessons to share with you based on my first-hand account but I haven’t really been paying that much attention to my portfolio in the past months. The market has been down since February and all I’ve been doing is receiving dividends (which always makes my day!) and buying stocks (they are sold at bargain prices these days!) when I have extra money to deposit to my COL Financial account.
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?
Continue reading “My First Selling Transaction in the Stock Market”
Some people choose to invest in the bank. Some people choose to invest in real estate. Some people choose to invest in life insurance. Some people choose not to invest in anything. Last Monday, I chose to invest in the stock market. It took me a year before doing so but now that I finally did, I only have high hopes and aspirations.
I decided to invest in the stock market directly through COL Financial (www.colfinancial.com), an online broker. This way, I get to have more control over my money and less fees to pay as compared to when I invest in the stock market indirectly through mutual funds. Just to be clear, I have nothing against people who invest in mutual funds. I even think they have an edge because their money is managed by financial experts. I just prefer an online broker over a traditional broker, that’s all. Plus, I like the accessibility and convenience it gives me.