Back to Zero!

I am back!

Sadly, I'm bringing in bad news...

I have never been this broke before! Haha.

Well, count me in on the statistic of many Filipinos who have very high propensities to splurge as long as there is money to spend. :}

So, gone are my mutual fund in BPI, the vast majority of my stocks, and time deposits, and my liquid savings. :(

Let's just say I'm back to zero, as they say, there's no other way but up!

LOL.

-Oh what misery-

Track the PSEi through a Mutual Fund

If you have Php50k worth of savings, and you're thinking of investing it, I suggest you put it on a mutual fund that tracks the performance of the Philippine Stock Exchange index. Savings accounts will only give you so much, less than 1% per annum. A mutual fund that tracks the performance of the PSEi, such as BPI's Philippine Stock Index Fund, will most definitely give you a higher return, especially now that the PSEi is expected to reach Php6,000.00 (it's now at ~Php5,700.00). :D Just my two cents, and I would have done the same thing if I have excess savings to invest :D

-thoughts-

Loving the (R) on my Payslip

I look around and all I see is green. :D $_$

After a year of working tirelessly in IBM, I got my first raise! Yay! It was always a pleasure to see an (R) beside my basic allowance/language premium. It usually meant an annual increase, a modest amount for a humble corporate servant like me. But I heard our colleagues in IBM GPS North America didn't even get a penny increase, so any increase here not too shabby for Kenny...

My stocks are doing good as well. All my issues are green and up, but something happened to my portfolio though. I originally purchased stocks of Republic Cement (RCM), which was trading at an uptrend until yesterday. This morning, I went back to my portfolio, and suddenly, my RCM stocks are gone! In its place are stocks of Lafarge Republic, Inc. (LRI)! What happened to RCM? LRI ate RCM?

In any case, no need to fret much because LRI's up 3.27% from my original purchase of the cement stocks. Maybe they're sister companies and RCM is in trading suspension... Dunno, will have to check that.

-Anomalous Pfolio-

All System's Up and Ready to Go

Things are looking great for the Philippines!

Amid the looming European implosion comes great news. European investors are retracting investments from the crisis-struck southern EU axis after 5 bailouts (Portugal, Ireland, Greece, Spain, and Cyprus) and finds haven on the stronger northern European bloc. Capital money is expected to trickle off to the ASEAN and Latin America as the capital flight continues on talks of bailing out a 6th country, Slovenia, and the rest of EU's peripheral countries.

The peso sits at 41.68 to the dollar, its highest in 4 years. Local news feeds are abuzz with talks about the Philippines' overall credit rating being raised to BB+ by Standard&Poor's. That means the Philippines will have lower borrowing costs and a more attractive investment standing. Add to that the projected 3Q quantitative easing from the US, which will positively impact our commodity markets as the foreign currency dips to competitive levels.

As such, almost everything in the local stock market is up. Each and every one of my favorite stocks is green, and I'm personally having trouble putting my money on the stock market right now :\.

After a long suspenseful battle with BDO, I sold the stock at Php64.00, at a loss of course. I felt sad, because for the first time I did not succeed in averaging down on the price to get a marginal profit (averaging down is when you buy an already bought stock at an even lower price to reduce the cost of buying). But the price line is highly unpredictable, I just decided to sell it - MWIDE and SCC were more favorable at that time.

To my surprise, however, BDO issued me a stock rights offer for 10 stocks worth Php48.60 each. I opened my portfolio the next day, and suddenly I'm in the green with BDO, at 31.28%. A great lesson learned - some stocks issue stock rights that can help compensate any loss you incurred from previous trading mishaps.

Later on I sold my positions in MWIDE (Megawide - who partnered with SM in constructing the Grass Residences) and SCC (Semirara Mining - who is currently waiting for the president to sign the EO on mining, like everybody else). to recover my Php800.00 loss on ACE.

Right now, I'm invested in BDO at a very light and short position, and RCM (Republic Cement), which is up +5.0% at early morning trade today. Both are small positions because I need free money while waiting for MEG to dip below it's support level of Php2.26. ;). Once it does, it's a buying spree :p .

 

Hopefully next week opens up better opportunities for me. *Interview later with a potential employer.

-hopeful-

What to Buy, What to Buy...? CHIPS!

The PSE index is beating all time highs at +5,300. At this point, I don't really know which stocks to buy :\ . 

And Thomson Reuters Charts is not helping - I couldn't access the beta platform from my desktop here in Batangas (now where's my Adobe Applet installer?? :| ).

Can't wait to go back to the office. 

CHIPS on my basket, I just hope COL Financial enters my buy order in time. I see the price going up...

-COL enter my buy!-

What Overexcitement Did to My Portfolio - Post Greek Elections

I'm feeling risky today.

Even though stock market news pages abound with good tidings about the Greek government, I believe the markets will continue to be volatile. The new government does not mean total salvation for Greece and Europe, but a stepping stone up the hard austerity ladder.

Garnering only ~30% of the votes, the New Democratic party will most probably be the new Greek government. But with a very slim advantage, the party should expect a rough road ahead. A request for a recount or civil violence may be on the list of things to lookout for. In any case, the world's eyes are on Greece, and while Greece's story unfolds, we standby guessing what the next possible scenario will look like.

I'm feeling risky today (because I had a very lively weekend ;) and I need to experience what it's like to trade post-elections). Early this morning, I bought MEG at Php1.97 - a property stock. I will have to drink calming milk later because the property sector in the Phils is the most volatile, and MEG is one of the most actively traded stocks listed. I probably got over excited and may pay for the repercussions of my overexcitement.

If I lose money later on I'll probably just say, "hey, I was high on Greek that's why."

-I hope somebody out there buys a new condominium unit.-

The Best Things in Life are Free! Nicki Minaj Concert

I got a free Nicki Minaj concert ticket from Globe!

 

I didn't know I get a free ticket if I get a BB plan. Just my luck I guess. That's savings on fun, good job Globe!

The thing is, there's only 1 free ticket, but since I'm a subscriber, I can bring friends and their tickets will be sold to them at a discount (Php2,000.00 per pax). Who wants to come?

I wanna hear her sing Super Bass, Beautiful Sinner, and Marilyn Monroe. ;)

-Boom booroomboom boom booroomboom baby-