Stock Market Explorer

Posted on 16 Oct 2008

OK, I fancy myself as a sophisticated investor. Two weeks ago, I was proven way, way off mark. Here's what happened...

I have this small notebook I carry with me anywhere I go. This is where I wrote the stocks I want to buy at how much and how many lots. But hey, plans go awry. A plan that I didn't stick with made a deep hole in my pocket.

I wrote in my little notebook that I wanted to buy 20,000 (0 lots) of Filinvest Land, Inc. (FLI) at 0.70. At that time it was selling at 0.80. When it went down to 0.76 I got so excited, I throw caution to the wind and bought at market. Yay! Two weeks ago, FLI's nose diving tour continued and seemed the end is yet unreachable.

If I had just followed my original plan, my losses would have been much less. So for all investors out there, specially those who are doing it themselves and not getting any advice from any finance and investment professional, take my word for it and learn from my experience. In the long run, we'll be better off if we've plans for whatever we do with our money, and of course, to stick to that plan.

I learned my lessons well. STICK to the PLAN and PROSPER. So, the next plan is EDC at three board lots at P3.50. Let's cross our fingers that the PLAN will help me get my first million. Ah! Financial freedom is within reach, and hopefully, within my grasp, too.