RETIRE RICH - OFWs deserve to retire rich

Tuesday, September 28

When you will start saving and investing?


I started saving money at a very young age. But started investing when I was already 37. Late na.

What happened to my savings? Naubos din. Why?

My parents always said, "anak mag ipon ka, para may pambili ka ng....."

I saved and then buy things. Saved money again and then buy another thing. 

It's a cycle. So the savings have no long-term impact. Ipinambili lang din eh.

I can't blame my parents. Yon din ang naituro sa kanila. 

I realized later on that it should be saving money and invest in something. 

Ano yong something? Di ko din alam noon eh. Noong 37 na lang ako saka ko nalaman. 

If I should have known the financial market much earlier, for sure, I'm not only working for money but my money also works for me while I'm sleeping, working, eating.

Ikaw? When you started saving? And then what? When you started investing? 

Kuwento mo naman sa comments sa ibaba.

Be a lone wolf to become a profitable trader

Photo by Steve from Pexels.
You've read books, applied the learnings. You know the basics. Started trading with a live account. 

Joined many FB groups. Subscribed to YouTube channels. Pero bakit lugi pa din?

You need to become a lone wolf so that you will become profitable sa mundo ng trading.

No need to follow all educators, influencers. At least one or two is enough.

At the end of the day, it should be you and the market. No need to listen to so many voices during your trade. These are noise.

Learn about the market, and learn as much about your own self. Know yourself better, deeper.

Start with these self-examining questions:
  • What's my reaction to losses? (Galit ba ako? Tanggap ko ba? Agad?)
  • What am I doing, if I'm feeling excited? (Jump into a trade?)
  • What am I doing, if I'm feeling greedy? (Holding on too long?)
  • What am I doing, if I'm feeling afraid? (Get out of the trade too early?)
Each one of us does things differently against each emotion. 

With those feelings inside us at some point in time may we react accordingly. Don't worry it's normal.

But in trading, we need to check what we are doing while in a state of any emotions, I mentioned above.

Actually, you should do nothing. Basta walang buy or sell signal and stock sa iyong watchlist.