Some of you were anxious to get the second installment of my post entitled “How to survive difficult times – Part 1.” It is understandable that many of you wanted to read it considering that we are in such difficult times. So here is the second and last installment of this two-part post on how to survive difficult times. 4.) Don't panic – Warren Buffett, once wisely said, “Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.” I certainly agree ! Most investors bail out of the market upon the first sign of bad news or if the government fails them. They liquidate their positions even at a … [Read more...]
How to win the Philippine Lotto
The Philippine government runs the Philippine lotto through the PCSO (Philippine Charity sweepstakes office) The February 22, 2009 6/49 Philippine lotto draw is said to be the biggest in history with an estimated pot of more than P 320,000,000.00. (Almost $7 Million U.S dollars) The huge pot has attracted more than 25 Million Filipinos to place a bet. Reportedly, a lot of first time bettors have tried their luck in winning the huge pot praying that they would not only win the huge pot, but that they would win it alone. Last April 2008, a construction worker from Novaliches, Quezon City, won solo an estimated P249 million. He must have taken Orlando vacations by now. Statistically speaking, the odds in winning the 6/49 Philippine lotto is also quite slim. Since there are 6 numbers chosen from a pool of 49 combinations, the odds of choosing the right combination is 10,068,347,520. The odds for winning the 6/49 Philippine lotto is simply computed through the following formula, 49 … [Read more...]
Follow Warren Buffett’s signal on when to buy stocks–Part 2
I’ve been bugged by several readers on the next installment of the post “Follow Warren Buffett’s signal on when to buy – Part 1” So finally here it is! This was originally planned to be only a two part series but it seems that there is so much to discuss on the subject on when to buy stocks. Last time I gave an introduction on knowing when to buy stocks like Warren Buffett. Knowing when to buy is perhaps as important as “what to buy” since the “price you pay determines you rate of return.” The lower the price, the higher the rate of return, hence a good investor needs to time the market for fair prices of wonderful businesses. I emphasized before that Warren Buffett is not only very good in sizing up a company’s fundamentals; he is also very good in knowing when to buy stocks. So how does Buffett know when to buy stocks? What could we learn from him? Noted Buffetologists, Mary Buffett and David Clark author of “The New Buffetology” outlines five situations on how Warren … [Read more...]
How to survive difficult times-Part 1
While waiting for our fight to Manila on our trip to the Summer capital ast November 2008, CNN reported that the three major U.S auto makers namely Ford, GM and Chrysler has asked the U.S congress for $ 25 Billion dollars to bail them out. According to CNN, if the U.S auto industry fails, this will translate in roughly 2.9 Million job losses; truly these are the signs of difficult times. The other day, Citigroup announced another set of job cuts bringing the total job cuts to more than 50,000. More signs of difficult times to come. On a more personal level, I talked with my mom last night and she revealed that some of my relatives are worried about difficult times. They talked about how the global financial crisis has affected their investment portfolios. They are all asking the question on what action should they take. The future seems to look for grim. Difficult times have gripped even the closest of my family members. It seems that there is no end to the deluge of bad … [Read more...]
Nostradamus 2009 socio-economic-political prediction
A brilliant stock market analyst and economist found a Nostradamus 2009 prediction hidden in the top of Nostradamus pajamas. He claims he had a hard time translating the Nostradamus 2009 prediction from medieval French. The Nostradamus 2009 prediction was amazingly accurate. I was surprised how Nostradamus was very good in rhyming the words of the Nostradamus 2009 prediction. The Nostradamus 2009 prediction includes the catastrophes that hit us in 2008 and furthers gives us a glimpse of what 2010 holds. Here is the Nostradamus 2009 prediction: “For the year two thousand eight, it will be too bad to contemplate. It will start with a deep recession that will become a great depression. A million people will lose their dwelling and unemployment will be swelling. House prices will keep declining but there will be no silver lining. And President Bush whose sheer inertia gets him booted out of Persia. A bearded one named Ben Bernanke will regulate the hanky panky. He will … [Read more...]
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