Some people say that investing is a game of timing. No matter what type of investor you are, timing is very important. Right timing will tell you when to get into a certain time of investment and when to get out. The question of timing also answers when it is best time to invest in a certain type of investment vehicle. Simply put, proper timing will tell you the best time to invest. Most experts agree that nobody can predict with certainty what the pattern of the markets will be, hence it can be concluded that nobody can know for certain when is the best time to invest. However we can always make an educated guess on when is the best time to invest. This is much better than just leaving everything to fate. I mentioned in my pervious post “How Warren Buffett made me poor” that I was taking a “Buffett break” and that before proceeding with my 5th Buffett book, I will be reading another financial management book. The book that I just read is entitled “Lifespan Investing” by Clifford … [Read more...]
How Warren Buffett made me poor
Warren Buffett made headlines the other week when he announced to invest $ 5 Billion into Goldman Sachs. Buffet’s company Berkshire Hathaway has also been seen increasing its stock positions in several companies. Warren Buffett’s theme song right now might probably be “Oops I did it again.” As one investor advisor said, Warren Buffett has been “. . . waiting for this for 10 years" that is that he has been waiting for the stock market to go down to it’s lowest level so that he can buy wonderful companies at dirt cheap prices. By the way, it is a good thing that Warren Buffett, despite his being old has still not lost his hair otherwise he might be needing hairloss treatment which by the way can be found at www.hairlosspreventions.org I have invested in the stock market since 2005. Since that time I was searching for a system I could follow in stock market investments. I was attending seminars, reading materials, but I still have not seen “The light.” Finally last April 2008, I … [Read more...]
How get rid of your credit card debt
One of mankind’s greatest inventions is credit cards. Ironically it has also become one of mankind's greatest curses. In the Philippines most credit card companies charge 3.5 % interest rate per month. That is about 42 % per annum. Using the Rule of 72, (which I have extensively discussed in the post entitled “How to use the Rule of 72 to wisely manage debt”) your present debt will double every 2 years. So, if your credit card debt is P 10,000.00, in 2 years time it will become about P 20,000.00. The best solution is of course to pay all your credit card debt immediately. That is if you have the money to do so. But what if your credit card debt amounts to P 100,000.00 or even P 200,000.00 what should you do? What if you have multiple credit card debts? Here are some great suggetions: 1.) Obtain a debt with a lower interest rate - Some lending institutions and even banks offer an interest rate of 0.99 to 1.5 % interest per month. This is much lower than what the credit card … [Read more...]
Subprime mortgage bloopers!
The news gets worst. The fever that Uncle Sam has contracted about 13 months ago has now turned into pneumonia, and now the world has got tuberculosis. The subprime mortgage crises has now evolved into a full scale financial crises with major financial institutions falling, the Leighman brothers, Meryll Lynch and AIG being its latest victims. (Fortunately the Feds intervened in AIG’s case and Merill Lynch had the benefit of having a dashing knight to its rescue. The Feds decided to save insurance giant AIG because it is "too big to fail." Of course it is, imagine what would happen to their carinsurancelist.com) Experts are now saying that the United States has full entered into a recession while Wall Street is asking who is next. Amidst the turmoil one cannot anymore avoid trying to understand the complexities of the subprime mortgage crises which undoubtedly is the main source of all of these. As I wrote before in my post entitled “Idiot’s guide to the subprime mortgage crises”, … [Read more...]
Investing in the Philippine stock market – Beating the bear
I’ve always dreamed of someday deriving my entire income from investing in the Philippine stock market, and until this day I have always pursued that dream. I am not only dreaming about it, I am doing something about it. I am actively investing in the Philippine stock market and continuing to read books and attend seminars on how I can be more effective in investing in the Philippine stock market. I’ve always preferred investing in the Philippine stock market over any other forms of investments. My parents told me that Real Estate is the way to go when it comes to investment since my grandparents has been very successful in this. I am a license real estate broker, but I am not very enthusiastic with real estate. I could cite several reasons why I don’t want real estate as my main investment vehicle of investment but I prefer to make it a topic in another post. I could give you a reason right now, I firmly believe (Based also on several studies) that investing in the Philippine stock … [Read more...]
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