Boo-Boo # 1: Investment in LBC Bank

I blogged about this good investment find in 2008. It is about the Time Deposit offered by LBC bank. I did my research and was convinced to put some investment in this bank. Then, I forget about it.

However, Q4 of 2011, I learned about the closing of  LBC bank. Oh no!!! What have I done?! It was my first time and I didn't know what to do. I was also busy with other stuffs and forgot about it. I just decided to file my claim early this year as part of my new year's plan.

I realized, it was not that bad after all. My money still earned an interest of 16% for the 3 years it was with them. Thanks to PDIC, I still have a chance of recovering our Investment.


Lessons Learned:

1. Do your own due diligence in investing your hard earned money.
I did mine but I think it was not enough. ;)

2. Stay away with Mañana Habit. 
When a bank closes, file your claim as soon as possible to be included in the 1st release of claims. I was a month delayed in claiming. Depositors in my area was already able to claim their investment by the time I was only filing for mine.

3. Fail Quickly and Try Again.
My failure didn't stopped me. It just made me wiser. Actually, I am already excited to get my claim and invest it in the stock market. As per Bo Sanchez's  advise to the Truly Rich Club Members, "The Philippines Will be One of the Best Performing Stock Markets in the World". And I wanna be part of it. :)

Let's Keep Investing!!!

From DIwK to SIwK

Just to update my status based on this post, from DIwK (Double Income with Kid) we are now slightly SIwK (Single Income with Kid). I say "slightly" because I am still receiving an income. It is not a regular one but it is now based on commission.

Since when?
A year and a half ago.


Why?
Change of priorities and Passion.


Any Major Change in our Financials?
Not much. God is so gracious to us!

Overall Status?
We are still doing good in terms of investments and planning for the future. It is still a long Journey but I know we will get there by his grace and mercy. And I know I will see you all there. ;)

My PISO Dream and Journey Continues...

I haven't update this blog for quite a while. I don't have an intention of abandoning it but some things changed in my life which also changed the manner I update this blog. My personal struggles and stories will be shared in this blog soon. I know you can relate to my stories.

So what made me post again?! We'll I didn't realized I wanted to be an author until I meet this person who inspired me and made me realize that I have the skills in Stock Market Investing that I can hone and use to help other people. Thus, I am striving really hard to improve this skill.  Part of the plan is to regularly update this blog. It can by about the stock market, real estate, funds, interesting investment or  anything that we could relate to "PISO".

Join my in my Journey and let's enjoy the ride and learn from each other. ;)

Blessings!!! :)

To our Financial Freedom and Beyond!

Stock Market Investment Philosophy

Got this from the Monthly Stock Update from Bo Sanchez for the Truly Rich Club Members. I have been so grateful to be part of this club. The Stock Updates really helped in our investments.

Here are the principles:

1. Ignore the News

Warren Buffet doesn’t bother watching CNBN (a business news channel). Can you imagine that? Warren Buffet is the richest stock investor in the world. He’d rather stick to what he studies about the specific companies he invests in. If he believes that the company is extra strong and super stable, he’ll invest in it no matter how bad the economy is. Because long term, he’ll always win.

2. Diversify Your Investments

If we’re gamblers, we’ll put all our money in one hot stock. That way, we earn more. But putting a big bet on one stock is dangerous. What if it doesn’t play out? Then we lose. Being greedy doesn’t work. Thus, we invest in five to six companies. If one or two companies don’t grow, we can live with that. Because the growth of the other three to four companies will make up for our loss.

3. Invest in Dividend-Paying Stocks

Remember that there are two ways to earn money in the stock market: capital and dividend. Capital is when the price of the stock goes up. That’s what we’re familiar with. And many of us focus on this. But don’t forget dividends. Even if the share price doesn’t go up, you gain if the company declares dividends. This will make you build wealth over time. Two of our five recommended stocks give good yearly dividends. First Philippine Holdings (FPH) gives an average of 3.5 percent a year while Aboitiz Power gives 4.4 percent a year. That’s much more than what any bank gives. There are other companies that give higher dividends (Example: PLDT gives eight percent), but we have to balance capital gains growth and dividends. We believe that our five SAM Stocks have more potential to grow than other higher dividend-paying stocks.

4. Invest Slowly Over Time

Even if you have lots of money to invest, don’t put it all in one go. I always suggest to divide their big money into 6 to 12 parts, and invest slowly, putting one part a month. So you remove the question, “Is it the right time?” Ultimately, if you invest slowly over time, the answer to that question is, “Anytime is the right time.”

5. Buy When Markets Go Down

Warren Buffett said it best: “Be greedy when others are fearful.” But people do the very opposite: Be greedy when others are greedy.” So people buy when everyone is buying and sell when everyone is selling. No wonder 85 percent of people lose money in the stock market.

Friends, today, people are fearful. Because people are losing their money. Now is the time to invest. And with the Strategic Averaging Method (SAM), I give you a Buy-Below-Price. For a couple of months now, you couldn’t buy Metrobank (MBT) because the share price went above our Buy-Below-Price. But this month, you can buy MBT because the price went below our Buy-Below-Price. This strategy will multiply your future profits, because you don’t chase a price all the way to the top.

6. Nothing Lasts Forever

For some time now, a few of our SAM Stocks are negative. Don’t worry. Nothing lasts forever. Bear markets (that’s when markets go down) don’t last. And by the way, bull markets (that’s when markets go up) don’t last either.

I have been practicing these principles together with the other truly rich club members. The updates and articles being sent by Bo helped me a lot to be on track and hands-on to our Stock Market investment.

If you want to know more about the truly rich club, click here.

To our Financial Freedom!

You are invited to NOW ATTEND the Think Rich Pinoy Seminar this Saturday, August 27, 2011!

You are all invited to the next Think Rich Pinoy Wealth Seminar this Saturday, August 27, 2011, 8am to 6pm, at the L/G Skyland Plaza Bldg. Sen. Gil Puyat Avenue, Makati City. The venue is very near the Makati Post Office and AXA building.

If you want to know the Theology of Money from Bo Sanchez, learn from Larry Gamboa and be inspired by the Think Rich Pinoy Team who have been investing in foreclosed properties for years in the Philippines, then this seminar is the One you’ve been looking for.

I attended this same seminar last May 15,2011. It's more than a year and here’s your chance to attend what I often refer to as a “Mindset and Life Changing” seminar. The 1st time I heard Larry Gamboa was during the Truly Rich Financial Coaching Seminar and from that time on, he already become an inspiration not just for me but also for my husband.

WHAT TO EXPECT:

1. Talk 1 - Wealth Management: Are you Financially Ready for the Future? 2. Talk 2 - The Theology of Money: Are God and Money really enemies?
3. Talk 3 - The Technology of Money: Pinoy Real Estate Riches Today and Updates
4. Talk 4 - The Legal Aspect of Real Estate Investing
5.Talk 5 - Rehabbing Real Estate Properties
6. Talks 6, 7 - Real experiences in buying and selling Pinoy Properties from the actual (young) people who did them6.The Game of Money: - Cashflow 101 and 202. Play the game for 3 hours with like-minded people, guided by seasoned experts
7. Talk 7 - The Think Rich Pinoy Franchise and Pinoy Millionaire Vision 2020

I will be one of the facilitators during the Cashflow 101 game in the afternoon. I would be more than happy to share my own experiences and answer your questions in relation to the Cashflow 101 game and how you can do it in real life.Yes, it can really be done, and it really is possible to do it all in an ethical, morally upright, and legal way! Learn all these in the seminar.

What : THINK RICH PINOY WEALTH SEMINAR
When : August 27, 2011, Saturday
Time : 8:00am - 6:00pm
Where: L/G Skyland Plaza Bldg. Sen. Gil Puyat Ave. Makati
Text : 0922-810-1709 / 0917-839-5739
Email: thinkrichpinoysales@gmail.com

SEMINAR FEE:
P3,950/ US $ 89 - Early Bird Fee until July26, 2011
P 4,450/ US $ 99 - Regular Fee from July 27 - August 26, 2011
P4,950 - On the day payment (Walk-In) Fee on August 26, 2011

You can pay through Paypal or BPI bank deposit.
See payment details and additional discounts below:

Bank Deposit:
BPI Account Name: ESTI-TRP (Think Rich Pinoy)
Account No.: C/A # 8291-0083-57

PAYPAL:

Buy your seminar ticket here!

SEE YOU THERE!!!

FOCUS FOCUS

Again and again. I was not able to update this blog.

I got out of FOCUS.

I wanted to do almost everything and it caused me.

Now, I wanted to focus. I need to focus.

And I will FOCUS.

I will blog about my 2010 performance and 2011 in my succeeding blog entries.

See you again!

Get Ready for Abundance Seminars this November

Listed below the Seminars scheduled this Q4'10.

1.How to Become Truly Rich Seminar

by: Bo Sanchez

November 13,2010

8:30am to 12nn

Mandaluyong City

Fee: Php 497

2. Truly Rich Financial Coaching Program

by: Bo Sanchez and his Team of Financial Mentors

November 19 and 29,2010

Pasig City

Fee: Php 5,975 (inclusive of 2 meals and 2 snacks)

We're done with the first 2 seminars and we're still aiming to attend the 3rd one. I recommend all of them. I believe they are worth every cent.