The No.1 Investment Mistake You Do on or before 2009

[wealthyhead]

another mistake!!! can you please explain why we need to diversify? and where we will diversify?

do u really need an explanation? u already said it's a mistake.
just an advice, i understand you're still young, i was also very idealistic when i was younger,
don't say something yet if you still want an explanation.

"seek 1st to understand, then to be understood."

i admire you're eagerness though to learn about investments.

[jess]

In the information age it is very much possible! have you know Lehman brother? or JP morgan company in the US? they are powerful investment houses in the USA.

i taught you have fianancial coaching program? why do say those things. do you know Wall street? or NASDAQ? do they failed now?


in our age everything is possible, don't say by some billionaires that they will stay where they are now. in the information age, it is easy to be rich. have you heard mark? face book founder, he is more rich tham henry see for almost 4 years time.

maybe my friend, your way of coaching is too old!!! i'm sorry to say this! i don't know if you know what you are talking about!

u cant compare an apple fruit to a multivitamin or food supplement drink. u cant say Lehman is san miguel. san miguel is not an investment house. phil economy is different from u.s. ,, pipol can mortgage a house from up to 3 loan houses in the u.s.. we dont have that kind of system in the phils, if that's what ur worried about. but, dont go out of topic pls. dont confuse pipol.k. dont go out of the phils either,if u talk of nasdaq,or wall street, that's way too far, just talk about pse, ok. dont complicate things k. coz complicated naa kaau imu life. if ur not in, then ur out. hehehe

[jabez_rmc]

another mistake!!! can you please explain why we need to diversify? and where we will diversify?

i hope bro if you say its a mistake ...you also discuss what is "suppose to be right"


please be polite...thanks..

[KingBooker]

Hi share lang ko ha... I've study this stocks and play the dummy game just about last month - April 25.

I initially buy the MEG at .64, AC at 222, GLO at 815 and FLI at .50 all of them is at minimum board lot. to make it short i invested starting at 20k.

But today, (as of today) my 20k is now 28,+++. Wala pa gani kaabot ug 1 month hapit na kaabot 50% ang gains... Tsk sayangan ko dah... mao mag-sugod nako ASAP...

[KingBooker]

Try ATR-Kim Eng. That's my broker, they have an office in Cebu Holdings nga building in Ayala. You only need to visit the office once and fill up a form. Buy and sell through phone or text after. They will collect money or deliver check to your office after 2 days of every transaction. Only 112 pesos charge for every transaction.

I also plan to try https://www.citiseconline.com as soon as I get enough money to open the minimum bank balance required.

Unfortunately bai, stocks are something you have to understand and learn. Like all investment, naa gihapon risks. Try and read through sa ila website tutorials. hope that helps.

Bai, ask lang ko bai OK ang ATR-Kim Eng? unsay process pag-open ani account bai?

[rusha84]

ATR-Kim Eng, mura mutual fund mana d ba? anyone who wants a list of mf in d phils can go to this website: Investment Company Association of the Philippines

@ younginvestor

I understand that you read a lot and you've researched a lot...And I'm quite impressed coz you've shown eagerness to learn at such a young age...And time is a wonderful advantage when it comes to investing...

But as you've said, we're all trying to learn here...So instead of calling other's investment approach as a mistake, would u care to explain to us instead ur investment approach based on ur experience in dabbling wid stocks or other investments? That way, we all gain something from each others experiences - successes and failure alike...

Jess, thanks for starting this thread...To all those who've had experience in stocks or mf's pls share na man sad mo dnha...U have no idea how much u r able to help mga parehas nako na ngsugod pa ug kat.on just by sharing ur thoughts...Thanks...

[young investor]

do u really need an explanation? u already said it's a mistake.
just an advice, i understand you're still young, i was also very idealistic when i was younger,
don't say something yet if you still want an explanation.

"seek 1st to understand, then to be understood."

i admire you're eagerness though to learn about investments.

I’m sorry if you misunderstand my statement, I only just copy your “comment” from other response.

Now for clarification, “investing stocks is also designed for long term” if you may allow me to add to it? Yah that’s right it is designed for long term but “to whom?” and “when it is designed for long term?”

In my opinion and observation, it is design for long term to people who lived 15 years ago. In our times investing in long term is a very risky thing to do. Why coz we are in the information age, in this point we need to earn money faster than before. The idea of “compound interest” now is too weak to beat the speed of money devaluation. Compound interest is for inflation only! But what we have now is not inflation rather it is “hyperinflation”. Our currency is devaluing so fast than before.

In the information age, the technology is speed like light in progress, as the technology develop many business now are arising, dominate the market that once others dominated it. For example the PLDT co. it is a good company, but you must be warning what technology now doing.

In our times sometimes short term investing is more applicable than long term. We must put always in our mind now new industry is starting to rise and the old industry is now dying.

What I know “gambling” is doing something you doesn’t know what will the result. And practically speaking it is more risky or dangerous to carry more baskets with eggs on it. But it is more practical and logical if you will carry one basket and put all eggs there and then focus; concentrate to what you are holding at.

Again I’m asking your forgiveness if I say something, but it is much more learning to me, if you somebody will give comments to what I’m talking about.

[young investor]

u cant compare an apple fruit to a multivitamin or food supplement drink. u cant say Lehman is san miguel. san miguel is not an investment house. phil economy is different from u.s. ,, pipol can mortgage a house from up to 3 loan houses in the u.s.. we dont have that kind of system in the phils, if that's what ur worried about. but, dont go out of topic pls. dont confuse pipol.k. dont go out of the phils either,if u talk of nasdaq,or wall street, that's way too far, just talk about pse, ok. dont complicate things k. coz complicated naa kaau imu life. if ur not in, then ur out. hehehe

As I said things before are much different from things now. Sometimes you can’t rely on common sense, but wisdom and experience are better than one.

Yah I agree “we can’t compare an apple fruit to multivitamin drink” but don’t forget the idea of multivitamins is came from fruits like apple. It is more nutritious to eat the origin than the copycat.

Have you inquire if “San Miguel Corp.” has stocks to “SM Prime Holdings” . . . . Don’t you know SM has big investment in “Lehman’s Brother” . . . .Billions of money lost when those Investment houses collapsed.

Have you tried to ask the management of San Miguel Corp. if they have investment to the USA? If you should you will understand me.

Do you know my friend where the Phil. Economy depends on? Have you try to ask the Banko Sentral what is our “reserved Currency”?

Have you tried to mortgage 3 houses here in the Phil. Using banks?

I’m not out in the Topic my friend. USA is the most powerful country as of now in the world. My rich dad said (hehehehe joke) when it comes to investing we must always give more consideration the world economy. The Phil is in the 3rd world country or let say developing countries, it is always depend on the rich countries, no matter what it takes Phil. Economy is control by the rich nation ( do you want me to prove?)

Why do think the Phil government prepared a stimulus plan? Have you any idea? And another thing, what do you think the reason why our PESO CURRENCY is always comparing to dollar

To be good in investing we must need a broad knowledge, a financial intelligence is better asset than stocks during financial crisis.
opps peace po ha?

[young investor]

Huwag po sana ninyong pagkamalian! I’m not bragging something it is my way to learn more things like the Supreme Court of the Philippines said “have some rebuttal or debate so the truth will come out”.

For almost years of searching I observe until now, many people invest in a same way like others did before. As Robert kiyosaki said the rules of money were change and continue changing.

Holding old rules of money is very risky if you follow it until now was industry is almost going new.
If we want to be real investor we must learn how to invest first in our own business. Coz actually what we invest in is business, stocks is a business, real estate is a business and so on. It is better to be inside investor than outside investor. Many people filed to earn coz they are outside of the system; they choose to let other people manage their financial matters than their own.

As what my rich uncle said to me if you want to learn the true investing build your own business. Learn the system surrounding it, and you will know the secrets of investing. Coz business and investing are good team sports.

I want to give you some example, like warren buffet he is good investor, he is fundamentalist. Being fundamental is learning how to read financial statements of the company. And you will surely know if the really the company is doing well.

In investing consider the economy, and to be good in economy you must know economics. To be good in investing you must be good in business. Investing is risky for idiots and financially stubborn.

[KingBooker]

[QUOTE=young investor;4625348]Huwag po sana ninyong pagkamalian! I’m not bragging something it is my way to learn more things like the Supreme Court of the Philippines said “have some rebuttal or debate so the truth will come out”.

For almost years of searching I observe until now, many people invest in a same way like others did before. As Robert kiyosaki said the rules of money were change and continue changing.

Bro, I'm sorry ha pero you tell us that you're not bragging but you act like bragging.

Yes, you mention it that it was 15 years ago or long time ago nani ang stock investing pero nganu naa paman ni karon? if this is not working anymore why stocks investments are still exist today?

Yes, rules of money change and continue changing but it doesn't say it will not come back.

And for the last, if you said nga it's a mistake why sa akong dummies stocks investment I was earning 8k++ in my initial 20k? I started April 25 last month, it's not yet 1 month but i've earn almost 50%.

last example, my friend initially invested 100k in stocks thru citiseconline, And now he told me he is already earned MORE THAN HE EXPECTED. I cannot get proof on his account or even just a screen shoot but i'm telling you that it's TRUE.

(Although your status is newbie, but you seem like the same person who commented earlier on this thread) lol

Peace!