Friday, June 7, 2013

Updates

 

So it's been almost two weeks since I last posted here and for that I have no one to blame but my son. That's right, you with the numerous feedings, nappy changes and incessant need to be carried every waking and half-waking moment. Being a parent surely has its bright spots, but anyone who says that it's happiness and sunshine all the time is lying. I love my son, but I have to admit that I never imagined that being a parent would entail this much sacrifice, and it's really just beginning. These days, I'm avoiding ambitious to-do lists and mid-term or long-term plans, and in their stead, I focus on little victories, such as being able to take a long shower everyday while the baby sleeps.






Anyhoo, bellyaching aside, the correction in the market has been pretty exciting and I responded by funding my COL account earlier than usual and adding to my MEG stash. I'm beginning to realize though that being a Truly Rich Club member and having COL as my broker is an exercise in redundancy as the TRC recommendations are also in COL and I can access COL for free, while my TRC membership costs me about Php6,000/ year.



I'll forever be grateful to TRC and Bo Sanchez for holding my hand when I was just beginning but I think it's time to strike out on my own now. And by that, I mean picking stocks from the PSEI vis-a-vis COL's recommendations, buy below and target prices. I've also come to realize that I'm more of a mutual funds girl than a stock investor, but since I already have quite a tidy sum tucked in my COL account, I might as well continue with my slow, steady and uber boring style of investing for my retirement fund.



Will have my monthly report up soon and then after that, my June budget and goals.

4 comments:

  1. I enjoyed shopping spree coz the market is in its correction stage!

    I was once a one month TRC member coz I was really curious but decided against it coz I am a long term investor and I'm just investing in the Index stocks.

    I think, with proper studying and diligence, you can make it on your own na in the market.6,000 is a big chunk too, if you ask me.

    Ang cute ng baby mo! Congrats, It'll be worth it in the end, I bet! :)

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  2. Yeah, I intend to focus on the index stocks as well. Slow, steady and long-term is the name of the game :)

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  3. Swerte ni baby :) secured na ang future niya. Good job! :)

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  4. Thanks! I've actually allotted my balanced funds with Sun Life as his college plan. Nothing like starting early to pressure your kid to go to college :)

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