Retire Rich

Whether you’re an individual or a corporation, RTBs allow you to invest and grow your money with very low risk of losing. It’s considered a fixed income security, which means that you earn a fixed interest rate based on the principal market given on a quarterly basis.

This is for investors looking for:

• A low-risk investment
• An accessible investment
• A higher-yielding investment

So, mga OFW's what are you waiting for? Sali na sa "Save 10% from your Salary Challenge" and sabay tayong subukan ang RTB!

1. Bureau of the Treasury: https://www.treasury.gov.ph/rtb/
2. Security Bank - Retail Treasury Bonds (RTB): https://www.securitybank.com/personal/investments/fixed-income-securities/retail-treasury-bonds-rtb/

On Sunday I had the opportunity to meet my friend Don Juan. We drove to Kuwait City, ate breakfast at Jollibee and went to the seaside. On our way, we talked about the stock market, stocks trading and about life in general.

Pasensiyahan ninyo dahil medyo napahaba ang aming kwentuhan. 

We seldom talk nowadays as we are now working from different companies. We used to work in one company before. Below is the first part of our daldalan. I will upload the second part soon. I split our daldalan in two as it is too long to be in one video. Anyway, if you want to know when and how we got into the stock market just click the play button above. 

In the video description I provided a link to OFSI and Trader's Lounge. 

Let us continue learning something. Improve ourselves. Improve on how to handle our hard-earned money. Dahil hindi biro magtrabaho sa abroad. 

OFW's should go home and retire someday with something. Most of us OFWs work abroad, not as a choice but because we don't have a choice. Most of us went out of our country with "nothing". We should at least go home, retire, with "something".

I know that investing in the stock market is difficult. In the stock market, you will be able to earn money very fast (if you know what you are doing) and lose money very fast (if you are ignorant).  You don't know where to begin. My friend, the key is education. You need to educate yourself. You need to study. You need to learn about it before getting your hands dirty on it.

Nowadays information is scattered on the internet for free. All you have to do is filter and fact check that information and absorb what will help you. Let's begin with terminologies first. As I told above, I will be writing a series of posts about stock market terminologies. 

While we are studying the stock market by reading, researching, watching videos, we can start something else on the other side. Let's start by having a bank account first. Open one bank account, if you don't have one.

I think the most practical choice is BDO or BPI as they have an online banking system that can be used to open and fund a stockbroker account later on. BDO itself has its own stock trading platform that can be associated with its bank account. 

I will create a YouTube video on how to open a bank account. Stay tuned. 

What is IPO?

In other words, a private company will now become a public company by offering company shares to the investing public. 

IPO's dirty little secret

Little did I know about IPO's dirty little secret and I participated in with a chartist mindset. I realized how stupid I am after reading the blogpost of Ms. Gandahko about IPO's which I reblog on this blog. You can read it [here].

Well, IPO's are not necessarily not good to participate. For long term investors who knew how to scrutinize a company by thoroughly researching, reading company reports and all --- is okay. And they invest for the long term. 

But from a trader's point of view, I should have not participated in as there's no technical data or price history to study. It's really a gamble if the price will go up or not on the first trading day. I'm a trader, I have no plans keeping the stock for a long time especially if it's showing a loss. 

Well, the whole motivation for my IPO participation was greed. Not being able to buy KPPI IPO due to oversubscription. As you know, KPPI soared to the moon for three days. In the next IPO, I made sure that I will be able to buy shares. AXELUM, HOME. And I did get shares.

My plan for AXELUM was to sell at the moment it shows gain prior to a price dive --- if it nose dive. Well, it did go up for a few minutes but then came crashing down that I was not able to cut immediately. That intraday IPO was really a mind and body crippling experience. I literally froze.

I can't believe I lost, I reentered again (revenge trade) and lost again. The same happened to FRUIT.

Nine months out into trading, it turns out that my biggest losers were coming from IPO participation. Gladly, it didn't wipe out my entire account. I'm still okay with it. I'm really happy with the experience as it taught me never to do it again.

What I learned is that I should not buy IPO but it doesn't mean I can not trade IPO during the first trading day. As long as technical data started to show and you have the strategy to do it... then why not?

What about you? What's your IPO experience? Comment down below your experience.

Sources: 

1. Investopedia. Initial Public Offering (IPO). https://www.investopedia.com/terms/i/ipo.asp
2. Gandakoh's Personal Trading Blog. IPO's dirty little secret. https://gandakohpersonaltrading.home.blog/2019/12/06/ipos-dirty-little-secret/ 

Every new year we often like to start something. It can be about having a healthy diet, to exercise daily or to start saving money. Whatever it is, we wanted to start something during the new year. What about you? What are the things you wanted to start this new year?

The challenge

Saving money is a matter of habit

"The Law of Success" Book