Retire Rich

Above is a short video I made regarding the launching of short selling (shorting) at the Philippine Stock Exchange. Subscribe to the Retire Rich channel for more follow-up videos regarding this topic.

I started this blog in 2012. My purpose was to document my journey as an OFW in this country and to improve my writing skills. Well, the irony is, I seldom write about my stuff as an OFW. Maybe because I value my privacy so much (masyado lang talaga akong mahiyain). Instead, I posted topics about announcements that would interest OFWs in Kuwait. At least, I still did not alter my second purpose--to improve my writing skills.

I completed a bachelor's degree in Marine Transportation. I was not able to get a job as a seaman. I ended up working in a supermarket--a job that gave me the opportunity to work in Kuwait (The Sultan Center). I worked there for three years. It was a tough job (ambigat ng mga dinidisplay ko noon gaya ng bottles of drinking water). Although I'm supposed to be a seaman (my first dream), which I gave up, it was my second dream to work in an office. I never give up on that dream. While working as a stockman at the Sultan Center, I studied a 2-month secretarial course at ICSA. 

In 2010 an opportunity knocked for an office job. I've got it because I'm ready. Finally, I achieve my dream of having my own office table, a chair, a land phone, and a computer provided by the company. Well, while it is tough carrying heavy items to store in the warehouse as a stockman, it is also very tough for me to compose a short email to my boss and colleagues. It took me hours to compose a simple email. Through this blog, I was able to hone my skills and confidence in writing. 

In my pursuit to improve my writing skills, I stumbled upon WordPress and then Blogger. These are free platforms to create websites or personal blogs like this. From just writing, I also learn how to set up websites. It includes website designing (HTML and PHP coding), domain registration, hosting management, etc. 

In order to enhance my blog posts, I need to upload photos. Well, improving my writing took me to photography. In 2011, I bought my first DSLR (Canon 1100D) which led me also to learn photo editing, and graphics design in Adobe Photoshop and later on Canva. 

With the skills I learned, I was able to monetize them through AdSense and affiliate marketing. 

Book title: A Beginner's Guide to Day Trading Online

Author: Toni Turner 

A Beginner's Guide to Day Trading Online by Toni Turner is a comprehensive introduction to the world of day trading. It is one of the few books I read in early 2019 when I decided to learn stock trading. This book is ideal for those who are new to day trading and are looking for a step-by-step guide to get started. Yon nga lang ang mga chart samples at mga financial market na binabanggit sa librong ito ay mga nasa US market. Pero as we all know naman, pagdating sa technical analysis eh kahit saang financial market ay puwede mo namang gamitin. Sulit pa din yong mga matutunan mo sa librong ito.

The author, Toni Turner, has over two decades of experience in day trading and has successfully traded in various markets. She shares her knowledge and expertise in this book, providing readers with valuable insights and practical tips for navigating the market. Bawat topic ay makukuha kang mga "hot tips" na puwede mong maapply sa iyong mga trades. 

The book covers a wide range of topics, including the basics of day trading, trading strategies, technical analysis, risk management, and much more. It is written in a clear and concise manner, making it easy for beginners to understand complex concepts. 

One of the standout features of this book is the author's emphasis on the importance of discipline and emotional control in day trading. She stresses the need for traders to have a solid trading plan and stick to it, even when the market is volatile.

The book also includes numerous charts, diagrams, and examples to help readers understand key concepts. There are also quizzes and exercises at the end of each chapter to reinforce learning and help readers apply what they have learned.

Overall, A Beginner's Guide to Day Trading Online is an excellent resource for anyone looking to start day trading. It provides a solid foundation for understanding the market and developing successful trading strategies. The author's expertise and practical advice make this book a must-read for anyone serious about day trading.

Paano nga ba mag invest sa stock market? In this video guys ay ituturo ko sa iyo kung paano at ano nga ba ang pinakamabilis na paraan para mag invest sa Philippine Stock Market? Uulitin ko, paano at ano nga ba ang pinakamabilis na paraan para mag invest sa Philippine Stock Market? So, stay put and dont click out.

Hi guys, salamat sa pag babalik mo sa channel ko, at kung ikaw ay bago dito ako nga pala si Rey isang OFW and in this channel I documented my journey towards my goal which is to retire rich because, I believed that we, the working class, deserved to retire rich.

Let's get started, paano at ano nga ang pinakamabilis na paraan para makapag invest sa stock market?

There are 3 basic things to do bago ka mag invest sa stock market. Let me discuss number 2 and the number 3 and then babalikan natin ang number 1 later in this video dahil yon ang pinaka importante.

Number 2, open a Philippine bank account. Uulitin ko, open a Philippine bank account. Ngayon kung meron ka ng existing bank account alamin mo kung ang banko ba na yan ay merong bang online banking at meron ba itong online trading platform.

For your information, ang BDO at BPI ay parehong merong online banking at online trading platform. Ngayon kung ang existing bank account mo ay other than BDO and BPI, pakitanong na lang ang bank representative ninyo kung meron ba itong online banking at online trading platform. 

Para naman sa mga walang bank account na nasa Pilipinas, magpunta lang kayo sa pinakamalapit na banko sa inyong lugar. I suggest you BDO or BPI. Disclosure lang guys, hindi po ako sponsored ng BDO at BPI. Why I suggested these banks epecially BDO dahil ito ang ginagamit ko at ito rin ang gagamitin ko as an example sa video na ito. 

Para naman sa mga wala pang bank account na mga OFW napakadali lang mag open online. 

So, ito na ang sitwasyon natin ngayon, it is either meron kang existing bank account or nakapag open ka na ng BDO bank account via online.

Number 3, Enroll your bank account sa online banking. Paano ba mag enroll, napadali lang din. Again ang example natin ay ang BDO. Since nakapag open ka na ng account online. 

I want to remind you na please lang bago ka mag invest aralin mo muna ng maigi ang gagawin mo dahil pwedeng kumita ng limpak limpak na salapi sa stock market pero pwede ka rin malugi ng sangkatutak na salapi pag hindi mo alam ginagawa mo. 

So balikan lang natin ang tanong kanina, paano at ano nga ba ang pinakamabilis na paraan para makapag invest sa stock market? Sabi ko kanina 3 basic steps lang gagawin mo and we already tackled 2 steps. 1, is opening bank account and then number 2 is enrolling your bank account to online banking and then use the same log in details in signing up the BDO online brokerage at ang number 3 or dapat talaga number 1ito eh. Ito dapat ang uunahin mo. As i Said, ulitin ko uli, aralin mo muna ang stock market bago ka mag invest. Napakadali lang mag open ng brokerage account di ba?

And the best way to learn is to read books, so that's why I have all these books guys and if you are interested to know kung ano anong mga libro ang binabasa ko I will leave a link in the description to all the books I've read to learn the investing and trading in the stock market. Thanks for watching and if you enjoyed the video please like and share and consider subscribing for more videos like this. Bye!

If you want to learn about stocks trading, dapat aralin mo muna. Isa sa mabisang paraan para matuto is to read books. Para sa akin ha, mas madali kong matutunan ang isang bagay pag binasa ko. However, most of the technical analysis books were written in English, at US market ang mga studies at examples. Kaya mahirap maka relate pag sa Philippine stock market ka nag trading.

Kaya mas gusto kong basahin itong libro na isinulat ng Traders Den dahil: 

Number 1 -  Taglish. So mas madali kong maintindihan ang mga technical terms.

Number 2 - Ang mga formula ng indicators ay malinaw na pinapaliwanag. Malalaman mo kung saan nanggagaling ang mga values ng mga indicators kagaya ng RSI, MACD at iba pa.

Number 3 - Meron din itong kasamang mga trading strategy. At ang bawat strategy na itinuturo ay may malinaw na entry at exit.

Yong ibang strategies na nandito sa libro na to ay meron akong tuturials paano siya gawin. Kagaya ang CALMA and MAMA strategy. In fact, CALMA strategy ang paborito kong gamitin dahil swak yong time frame nito sa akin. So, pwede mo ring hanapin dito sa channel ang mga strategies na yan.

At kung gusto mong e check ang libro na to, check mo lang sa link sa baba.

And pa share naman sa comment section kung ano yong paborito mong libro related sa stock market and stocks trading. Para mabasa ko naman.

I know a strategy that will provide a guaranteed return of 6% per year. Type "How" in the comment section. Wag mong ismolin ang 6%, it's the power of compounding interest and time that matters.

In this post, allow me to discuss some of my other sources of income. Not to brag or anything, but to give you an idea of possible ways to earn extra income while working as an OFW or in the Philippines.

Let's begin.

My first source of income is carpooling or transportation pooling. If you have a vehicle such as a motorcycle or a car that you use to travel from your home to work, you can talk to your co-worker who commutes and ask if they want a ride with you in exchange for a reasonable fee.

Since you're already driving to work, why not take someone with you and earn extra money? As long as your co-worker lives or works along the way, there's no inconvenience for you to pick them up and drop them off.

This arrangement benefits both parties as your co-worker can save money on transportation costs, and you earn extra income to buy gasoline or maintain your vehicle. If you don't have a car, you can still save money by riding with someone who offers a lower fare than the actual transportation costs.

In my case, I have two co-workers who live in the same area as me, so we share the transportation costs. They're happy with the arrangement since they save money and feel comfortable since there are only three of us in a five-seater vehicle.

My second source of income is dividends from stock market investments. Apart from stock trading, I also invested in preferred shares to generate fixed dividends. Preferred shares are an investment instrument that is cumulative, non-voting, non-participating, non-convertible, redeemable, and peso-denominated.

This publicly traded instrument can be purchased at a higher or lower price than its redeemable price, depending on the market price at the time of purchase. A quick tip is not to buy when the price is too high compared to the redemption price. It's better to buy below the redemption price. Unlike common shares, preferred shares have fixed dividends usually paid every quarter. Additionally, the company can buy back or redeem these shares on a specific date stated in the offer supplement of the issued preferred shares.

This means I can hold onto my preferred shares until the company redeems or buys them back at the redeemable price on the specified date. While waiting, I receive a fixed dividend every quarter. The good thing about this is that there's a dividend rate step-up in case the company decides not to redeem the shares on the optional redemption date, which means the dividend rate adjusts according to the offer supplement.

In summary, after purchasing preferred shares, I receive a fixed dividend rate usually paid quarterly until the company buys back or redeems the shares.

I learned most of the skills in stock investing from the book "How to Make Money in Stocks" by Willian J. O'Neil. This book is a must-read for anyone interested in investing in the stock market regardless of your level of experience. It has a clear and concise investing strategy that has been proven to be successful over time.

My third source of income is dividends from common shares. Dividends from common shares are usually not regular and are based on the board's decision of the company. The dividend rate is usually not fixed. Most of the dividends I receive are from stocks in my long-term investment in MARGE. MARGE or Mytrade Affordable Retirement Guide is a program by Mytrade for people who want to invest in the stock market for a long-term period. Mytrade will guide you on what stocks to buy, hold, or sell.

My fourth source of income is Adsense. Adsense is a platform used by bloggers and YouTubers to earn money. Around 2011, my Adsense account was approved and verified by Google. Since then, I've been earning through my blog and YouTube channel.

That's it for my sources of income. I hope this gives you an idea of how you can earn extra income too.