Investing in the stock market is fun especially when you see
your money slowly builds up. For some time now, I’m using the peso costaveraging method together with the strategic averaging method of the Truly Rich Club.
I noticed that within a year, there are times when the
market slows down. No one knows when that time is because this is dictated by
the prevailing market conditions at the time. Like for instance in the month of
May when suddenly the Philippine stock market went down. This had lasted for
more than a month.
During these times, investors like us go shopping because
there are more great companies which are on sale. This means we can buy our
favorite companies at a great discount. We could buy more shares with our
money.
But during that time I was somehow frustrated because there
are so many companies which are on sale but I don’t have that much money to buy
them. My money was just limited to that certain amount I deposited in my
Citiseconline account every month.
So I decided to modify my method of investing.
What if, every month I still save a part of my salary for my
investment in the stock market and deposit it in my Citiseconline account which
is the same as to what I’m doing before. The difference is, since I am a long
term investor I will just leave my money in my account. I won’t buy stocks for
the meantime especially if it’s a bull market. So my money will be accumulated
in my account.
When the stock market dips, that’s the time that I will buy
stocks of my favorite companies. I will now have more funds to invest which
means I will acquire more stocks. Since I had already acquired some stocks of
my favorite companies before, I could easily monitor their stock prices. I will
be guided further by Bro. Bo’s stocks update in the Truly Rich Club.
If you want to prosper in your financial, personal and spiritual life, join the Truly Rich Club now.
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