I've been subscribed to Bo Sanchez's Truly Rich Club ever since the year started, and though the daily GodWhispers is nice, what I really look forward to is the monthly stocks update report.
After months of reading about stocks and perusing the charts from the Truly Rich Club monthly reports, I finally decided to take the plunge, because I knew that I would be forced to study up on the matter more if I had something at stake. So for my birthday this year, I set aside Php10,000 to start an account with Citisec Online. Based on Bo's recommended stocks, I picked Cebu Pacific (for loyalty reasons) and Megaworld (because it just became part of the TRC at that time and I wanted to sync my stocks with the monthly chart. Does that even make sense?)
And in just two months, my Php10,000 has grown to Php9,500!! Ugh.
In April, I had earnings of 7.9%, but that was quickly wiped out in May and June and now I'm at a troubling -5.8%. But hey, that's how stocks roll I guess and in his last two newsletters, Bo did say that the next few weeks would be bearish, so I can't really say that I was caught off-guard.
In my almost three months of investing in stocks, I now know what board lot means, although I still had to google the difference between bear and bull markets. And I'm still confused what price to put down when making a bid, so I've been merely copying what the last successful bid was when making my offer.
I obviously still have a lot to learn and it's been pretty exciting. The geek in me is very, very happy.
I just funded my Citisec Online account and I plan on buying minimum board lots of Cebu Pac, Megaworld and Megawide (as recommended by my financial adviser) within the week. Thus, the game continues!