All my stocks are RED

An excerpt from the Stock Update of Truly Rich Club of Bo Sanchez.

Bo answers questions that will calm us stock market investors in these bear market.

                         The Philippine stock market experiences a bear market.

What will happen if the stock market crashes?
    Then it is the perfect time for long term investors to celebrate. because the real secret to huge gains in the market is when we buy at cheap prices. The Philippine stocks has already experienced it when The Philippine stock market crashes in 2008.


Can I borrow money to invest in the stock market?
   Its a big No.no.NO.
   Put around 10 - 20% of your income regularly in the stock market.
   Just imagine if we borrowed money, and plunked it in a stock that didn't budge for two years? - Paying the interest would be very painful.

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Be responsible for your success in Stock Market investing

Be Totally Responsible for your Success  (stock market investing)

In whatever situation we are in right now, either we are blessed or cursed it up to our making. We are the very person who created the life we are living right now.

The initial step towards accountability whether in our investing life or any other areas of our life, is to stop complaining. Oftentimes we complain about the weather, the government, our relatives, neighbors, our job, the boss and even God for our misfortune. But actually it is of our making.. If your stock market investment is not as good as the others, perhaps you do not get a good mentor to guide and inform you of the best investing methods.

Even in the midst of our poverty or hardship there are a millions of reasons to be thankful for. The things, that we focus expands because what we focus on expands. So when we focus on the blessings, blessings will expand. but if we start to concentrate on what is not there or what is lucking or what's ugly about the situation then we simply will have more of it.

Just like the Philippine stock market now everything in my portfolio is RED, however, I still keep on investing because, i got a great mentor Bo Sanchez, who persistently remind me to keep on investing especially when the prices is very low.

A video of Jim Rohn about making excuses.

How to be Financially Secure?

                                            Financially secure

Step 1: Save up for your emergency savings.
For every payday of 2014, squirrel away 10 percent of your salary into this fund, or whatever you can afford to save. According to most financial advisers like Bo Sanchez, the goal is to save—and maintain—three to six months’ worth of your income for periods when your income might dip. After a couple of months putting away at least 5 percent for your emergency savings every payday, you’ll start getting used to adjusting your spending budget.

Step 2: Control your expenditure.
This may sound tedious at first, but a “spending diary” will help you tremendously. Daily, write down every expense you make. After a month, you’ll see where it all goes. Let your motto be One hundred percent of appreciated value demanded for each coin spent.

Step 3: Adjust your spending lifestyle to one that is wise. Keep eating out down to a minimum.

Step 4: Pay off all your debt.
Whenever you have extra money, put that toward paying off your credit card balance, as well as any other debts you may still have. It may take a while, but you’ll make it if you prioritize your financial goals.

Step 5: Tackle your other big savings goals. Do you have children you are putting through school? Are you paying for monthly installments of a condo unit? If you need to, adjust the percentage of your salary that goes to savings so you can cover all your goals.  Keep it going until you figure out which areas in your lifestyle you can cut back on further so you can continue investing in stock market or to savings.

Step 6: Step back and don’t forget to live. Don't think of saving-saving for the future... because you will loose the beauty and leisure of the present.

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Filipinos need to Invest

The Power of Clarity

Many our fellow Filipinos go into investing without really knowing why?
It is very important to know your what, why, and how- people will follow you.

That is what we call the power of clarity as what have been shared in our wealth strategies from Bo Sanchez

1. Be clear about your vision.
    What is it that you really wanted from life. Make a list, and every time one is accomplished check it out, list down from the very smallest thing that you ever wanted, so you can check even everyday. How much of your monthly income you will set aside to invest in the stock market? you will give as tithe? your emergency fund?

2. Be clear about your values.
    "Values are your internal compass" In the end, long-term happiness can only come from consistently living by our highest values". Whenever we will be faced with difficult situation of choices... we just need to look back on our values.

3. Be clear about your vehicle.

    One must be clear about the investment vehicle he will be using, and understand it. If it stock market investing, one must seek to learn how it works, or seek a mentor that could him to the right stocks.

"Willpower" Do you think willpower gives a man the strength to lift a burden the camel cannot carry, or to draw a load the oxen cannot budge? Will power is but the unflinching purpose to carry a task you set for yourself to fulfillment. If I set for a task, be it ever, so trifling, I shall see it through. how else shall I have confidence in myself to do important things? (The richest man in Babylon) should I say to myself, "for every monthly salary that I get i will put 10% of it to stock investing. if on the 7th month I forgot to invest in the stocks, i will not say to myself that the next month i double my investment, instead I will deposit right away the equivalent amount the moment i remember the task. I will not deposit a large amount to cover the whole year deposits so i will enjoy the leisure that goes with it.

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Common Reasons of Filipinos of going into business

Most of our fellow Filipinos go into business. there most common reasons are;

• To make more money
• To gain control over their career and time
• They have a great business idea
• They don't want to have a boss
• To have a more flexible working hours
• To enjoy more financial security

These are just some of the few reasons why people go into business. However the reasons that you use in going into business will be the very factor that will pull you in times of difficulty, so when you don't have the right compelling reason, it might not have the strength to pull you through.

A major factor that will influence success is for an individual to understand clearly your reasons for doing what you are doing. There is a huge difference between wanting to be an entrepreneur and committing to be an entrepreneur. your commitment will make you do what you need to do, when the going gets tough.

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