I hope at this point you have already opened and funded your stock market account. Accord Capital is good. COL Financial is also good. But whatever is most convenient to you is okay. The more important thing here is that you do it now. Rather than regret you've started later than sooner. I encourage you to start today.
Anyhow, I've just convinced Mark to re-open his account at Accord Capital and he agreed to start with Php 5,000 again. You don't need to start big. All of us must have to start somewhere small and safe. And again, invest only the amount you're sure you won't be needing in the near future.
I particularly like $SEVN because it is well-run by its CEO, Victor Paterno, and is continuously having expansions throughout the country. The price may fluctuate up and down in the next few months but it should be fine. We are doing this for the long term. Just eye on the target.
I also bought this because I do not see a catalyst that would make it reach its target price right away-- it will give us time to accumulate for a long period of time at a low price.
Since my portfolio is already fully positioned (meaning, I have already consumed all the balance it has to buy stocks), I am poised to wait for the time my target price gets met.
But, by the way, I am planning to open a new account with an initial investment of Php 5,000 so we can start the journey together. I will be buying Php 2,000 amount of shares every 15th and 30th of the month, just like what the SAM says, but with my own research fused in to it as well. You can do the same, or you can invest the amount that you have always planned to invest. Just be consistent.
I like Bo Sanchez's SAM (Strategic Averaging Method) because it tells you the buy below price of a stock and it also tells you its target price. If you are curious, it looks something like this. -------->>
The thing is, Bo's Truly Rich Club membership does not come free. One has to pay a certain premium. But the membership comes with all of Bro Bo's E-Books like My Maid Invests in the Stock Market, The Turtle Always Wins, among many other investment books written by him. And what I think he can give you that I (or any other mentor) can't is his ability to calm you when you feel like you've done the worst decision (in stocks, or in life itself). He would also email you inspirational stories and quotes to go along with your journey towards wealth creation.
I strictly suggest that as a newbie investor, you do not just buy a portion of a company without knowing its fundamentals. And, fundamentals are always better when you know the right price to enter (the buy below price). Do not deviate from the stocks listed there unless you have a very good reason (and research) to do so. I have deviated from SAM stocks many times in the past, and I regretted most of it. But, of course, now is different since I already read financial statements and public disclosures of companies every trading day. I do my homework religiously.
If I were to give 3 companies that aren't in the SAM but are great stocks to watch out are (although, this is always with CAVEAT attached to it), they would have to be:
1. Vista Land and Lifescapes, Inc. ($VLL) of Manny Villar: Property Sector. I have seen the resilience of this stock since I started in the stock market. The business of VLL is selling mid-high end residential properties. But it has lately been venturing into commercial spaces very aggressively. Aside from COL Financial and Regina Capital recommending this stock for long term, I personally believe in this company and in Villar's business capability.
2. Jollibee Food Corporation ($JFC) of Tony Tan Caktiong: Consumer Sector. I must say that this stock does not fail to amaze me. Just when I feel it's already too pricey, it does not stop getting higher and higher achieving all time highs in the past months. Jollibee, Greenwhich, Chowking, Red Ribbon and Mang Inasal are all under this listed stock, so as long as Filipinos eat in these establishments, you are assured JFC is in good condition.
3. Century Pacific Food Inc. ($CNPF) of Christopher Paulus Po: Consumer Sector. If you love Century Tuna, you would want to have this stock in your portfolio. Aside from its innovative management, it is also your best bet in the coming ASEAN Integration because of its tuna business, as most ASEAN counties are Muslim. And if you must know, CNPF is also behind leading brands such as 555, Argentina, Swift, and Birch Tree.
But I will reiterate this, I only recommend you put them on your watch list. Observe their movement both in the short term and in the long term. I am not recommending the purchase of these stocks because I do not foresee the future. There are many suggestions out there, but you will have to do the decision by yourself. Have a plan and stick to it.
Stock Market is basically a waiting game. If you get bored or spooked out, you will lose a lot. The market is an expensive place to know yourself. You should already have a plan and be ready to execute it whatever it takes. Control your fear. Wait for the target price before you sell. Diversify. And most of all, think positive.
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