Reviving My Equity Investments
In line with the Hierarchy of Financial Needs, my plan was to funnel most of my free money towards completing our emergency funds, with a side goal of setting aside some funds too to make a payment chunk towards our mortgage balance. But with the stock index falling even further due to the pandemic, I couldn't resist diverting some cash towards my long dormant stock portfolio to bring down the average price of my stocks.
My pre-pandemic portfolio contained shares from Cosco Capital (which owned Puregold and Office Warehouse among other businesses), First Philippine Holdings Corp (owned by the Lopez Group and with principal interests in clean and renewable energy and real estate), and Metropolitan Bank and Trust Company.
I chose those three companies because they seemed to provide real value to society (i.e. groceries, energy, real estate, and banking) so people would continue to patronize them and there would be no danger of them closing shop in the immediate future.
I also looke…
My pre-pandemic portfolio contained shares from Cosco Capital (which owned Puregold and Office Warehouse among other businesses), First Philippine Holdings Corp (owned by the Lopez Group and with principal interests in clean and renewable energy and real estate), and Metropolitan Bank and Trust Company.
I chose those three companies because they seemed to provide real value to society (i.e. groceries, energy, real estate, and banking) so people would continue to patronize them and there would be no danger of them closing shop in the immediate future.
I also looke…
