I think where most people fail is they take the advice of people, without researching. If my buddy is invested, then so should I… that kind of thinking always loses you money.

Do your research first, then invest. You wont guarantee a winner, but you’ll improve your odds….

Off-topic: Just wanna say you won in my most recent blog contest (runner-up). Congratulations! Please e-mail me your contact address so I can send the block of four Roger Federer stamps pronto.

Thanks for joining the contest. Hope you’ll like the stamps.

myepinoy says, good decision.

myepinoy says, ha ha ha.

I bought Petron stocks a few years ago when it went IPO. It really went up but as you know it crashed but I had already sold out by then. So I made some money, not much. That’s the sum total of my stocktrading experience.

myepinoy says, congratulations. you have one over them. doon sa PNB. My wife is still holding her meralco shares. I told her before not to go into it pero type nya then before the asian crisis sabi ko sell na pero ayaw kaya hangga ngayon hawak pa at di pa gaano naka recover. pero okay na rin, natututo sya at sumunod sa akin na gawin na lang long term investment at isipin na parang wala lang instead of selling them when the stock dived.

myepinoy says, ha ha ha, right decision.

bad thing is that it’s only a simulation at the PSE site. it’s nice and risky but a huge return if you’re lucky or good.

not for the faint of heart!

myepinoy says, meron din ako account dito kasi nagpa praktis kasi ako sa Philippine stock market. Iba kasi dyan sa atin eh. btw, this is what they call before as paper stock trading pero ito maganda kasi online. Dapat talaga pag aralan mabuti (due diligence )ang lalagyan ng pera para di masayang.

myepinoy says, a king or a pauper in second.

myepinoy says, well this is what this site is designed for. to teach prospective investors. as always the case, parang meron din yatang beginner’s luck dito eh. dami ko ng narinig na ganitong story. Anyhow, charge to experience na lang with narratives, lesson learned the expensive way. lol

myepinoy says, thank you.

myepinoy says, with the ongoing sub-prime problem, i guess it will really take time however, in stock market, nobody knows exactly what’s going to happen. In the meantime, the best option left if you are already holding them now (i hope it is not held by the company which is always the case for employee stock option) is to place a GTC (good til cancel) sell order at the price you think is right. This way, once there is a crazy upward movement, even if you are not watching the market you will be able to sell them. If you think it will go up farther, then you can cancel the GTC sell order anytime as you wish provided the deal is not done yet.

If in case you have them physically under your name, find a good stock broker, open an account and deposit them there. It is a lot easier selling them with a broker than you personally since it entails a lot of paper work. parang nagbebenta ka ng lupa. Also the custody of them is a lot easier and safer than say keeping it in your vault.

myepinoy says, most experts in investment and most of the great investment books i’ve read always recommend not to put all our excess money/cash/funds in one investment basket. They are almost one in saying that the mix should be 10-20% in stocks (after much due diligence of course) and the rest on fix investments like, cd or td, mutual fund and other fixed income investment instrument.

Kahit ano man ang paglayan ng excess funds, dapat lagi gamitin ang common sense.