An OFW who have a very limited access of information on PSE-listed companies can profitably trade/invest in the Philippine stock market.

About Me

My photo
The blogger is an OFW in the UAE waking up 10 minutes early to do his everyday trading. :)

Wednesday, 30 March 2011

Hello!

It's been a long time since I've last checked my blog. I just find writing about stocks alone is boring, especially on such a market where there have been not that much action lately, except of course on the recent deal of the year between JGS and TEL. Also, I'm not that educated well about stocks so I can't write really that much either (though that was really what I'm pointing out in this blog - that you can invest in the stock market even with minimal education about it). If you seasonally trade like once a month and you don't check the market on a daily basis, that should be fine. But if it became your habit to look on the stock quotations everyday, I guess it can't be helped but seek for more info and education.

Me and my wife had decided to go home for at least a year to relax and ponder a bit. In that span of time, we have already planned some financial trainings and probably a MBA for her. We will also explore the possibility of entering into entrepreneurship in our area and survey aqua and agricultural feasibleness (investors are welcome  ^_^ ).
In line to that, I might just change my blogsite to a more hybrid one. I, for one is a jack of all trades but a master of none.  :-)  I have a lot of things in mind about astronomy, particle physics, religion, politics, photography, cooking, educational systems, gadgets, softwares, mathematics, games, construction & engineering, basketball, and the cultures I encoutered here in UAE. I might also write about our (mis)adventures on the entrepreneurship stuffs we are planning and post the financials for the benefit of others (not for my bragging).
Oh, and by the way, my stocks are still down by around 10%. But including my realized gains, I'm still up by around 14% p.a. effectively. EFFECTIVELY - not YOY or YTD.

Wednesday, 19 January 2011

Happy New Year!

We just had a great holiday vacation in the Philippines and we came back just a few days ago. We rarely access the net to check our stocks because all we do is eat, travel, shop, eat again, drink, etc. But on that vacation, we allotted a day to open FAMI equity and balanced funds and a First Metro Sec. online trading account. Actually, our main purpose is to share the researches of the two online brokerage firms (the other being Citisec), but we got a little bit disappointed. Our second purpose is for us to our have separate accounts (me and my wife) and compete with each other's gain or loss by the end of the year.

Our stocks got pretty battered. I was able to buy the peaks last November... I chased prices because I thought our market was still trending up. I read somewhere that it's the common newbie mistake - not knowing how to exit a bull market. 

I sold all my EDCs last month at an average of 5.85 and now my portfolio is mainly composed of, guess what...........   PROPERTIES!  :,(

I'm still shy to post my holdings for now because it's down by 10.4%.  :))
If I don't have my day job and other investments, this would be really stressful.