Tag: paper assets

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Road to Financial Freedom: A Constant Practice in Patience

When I’m committed to doing something, I can get very impatient. In my quest for financial freedom, for instance, I can’t wait to achieve my financial goals. I think I’ve had an overdose of personal finance articles and blogs online because I suddenly had this urge to open new investment accounts right away. But of course, it’s impossible for me to do so due to insufficient funds at present.

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I’ve never been good at this! (Image Source: http://avidinvestorgroup.com)

Talking to self: Slow down, Edel! Breathe. Inhale, exhale. You can’t do everything at the same time. You have to wait for your money to arrive, unless you can make money appear by magic. Remember, patience is key here. And a lot of thinking and re-thinking. You don’t just invest your money in one instrument just because you learned from somebody it’s a good investment. You have to do your own research, decide based on your needs and future plans, prepare your money and invest at the right time.

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My First Selling Transaction in the Stock Market

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.

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proof of my trade as sent to me by COL Financial via email

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?
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Planning for Our Financial Future

I’m turning 31 years old in October. Still young, I guess, but not so young when it comes to investing. As they say, the earlier you invest, the better. I don’t regret it, though. I may have not invested early when it comes to assets of various kinds, but I have other “investments” in my life that are now bearing fruits.

You see, I used to be the breadwinner in our family. That was after my father lost his job in 1999. Actually, I fully became the breadwinner after landing my first job after college. I sent my three siblings to school and luckily for me, they were able to finish their studies one by one. They are my other “investments” that are now bearing fruits. And so today, we are working together to give our parents the good life that they deserve. But that’s another story for another time.

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