Showing posts with label Bo Sanchez. Show all posts
Showing posts with label Bo Sanchez. Show all posts

Thursday, August 2, 2012

How to Join the Truly Rich Club

Everyone of us wants to be wealthy. But most of us are confused on how to answer the question WHY. This is because there were wrong beliefs that were deeply ingrained in our subconscious since childhood. One example is that MONEY is EVIL. Another is that RICH MEN are BAD people and therefore God only favors the poor. This is why we subconsciously chose poverty.

One thing that I learned from being a Truly Rich Club member is that nothing happens until you make an effort to change your beliefs because this is where all radical changes begin. In order to change our beliefs especially about MONEY, we need constant immersion into a new way of thinking to form a new mindset.

Joining the Truly Rich Club will help us in our journey towards creating new mindsets that will lead us to attain financial and spiritual abundance.




Here Are The 11 INCREDIBLE BLESSINGS You Will Get For FREE When You Join The Truly Rich Club (Value : $251.50)


Including The OPPORTUNITY To Earn Passive Income Every Month!
  1.  Receive 2 PowerTalks every month (instant access via MP3)
  2. Receive Bo’s Success Mentors Collection (1 every 3 months for 1 Year)--FREE
  3.  Receive 2 WealthStrategies newsletters every month--FREE
  4.  Receive Daily GodWhispers Email--FREE
  5.  Receive How To Be Truly Rich Seminar--FREE
  6.  Receive How To Conquer Your Goliath Ebook--FREE
  7.  Receive How To Turn Thoughts Into Things Ebook--FREE
  8.  Earn Passive Income by being Bo’s Affiliate in the TrulyRichClub
  9.  Earn Passive Income with Bo’s other Internet Work
  10. Receive My Very Practical Ebook, My Maid Invests In The Stock Market...And Why You Should Too.--FREE
  11. Receive My Stocks Update. --FREE
To receive all these 11 big Blessings, click on the link below.


Wednesday, May 16, 2012

Peso-Cost Averaging Method

I've been investing in the stock market for sometime now. I practically tried almost everything.

I opened an account with Citiseconline. I funded it, bought my shares from some of the giant companies that was recommended by Bo Sanchez in the Truly Rich Club, sold some of my shares and withdrew my money from my Citiseconline account. It's easy and convenient.

It's exciting to watch your stocks rise after only several days. At times I'm tempted to sell my shares. If you see the share prices plummets, you couldn't help but be nervous. But that's okay especially if you're doing the peso-cost averaging method. Actually when the share prices go down, it's the best time to buy because of the lower prices which means you could buy more shares with your money.

The first time I sold my shares, I was happy because I had 6.5% profit for only a period of five months.


Peso-cost averaging method is an investment strategy which is recommended for stock trading beginners. By using this method, you do not have to time the market or worry about the rise and fall of stock prices. All you have to do is to invest a certain amount of money at a regular interval (ex. monthly, bimonthly, etc.) for a predetermined period of time, say 10 or 20 years.


PESO-COST AVERAGING METHOD


Please watch the video for more information about peso-cost averaging.

Tuesday, May 8, 2012

Investing in the Stock Market with Citiseconline and Truly Rich Club

The stock market is one of the most important sources for companies to raise money. This allows businesses to be publicly traded, or raise additional financial capital for expansion by selling shares of ownership of the company in a public market.

What is a share?

A share is a single unit of ownership in a corporation, mutual fund, or other organization. A joint stock company divides its capital into shares, which are offered for sale to raise capital, termed as issuing shares. Thus, a share is an indivisible unit of capital, expressing the proprietary relationship between the company and the shareholder. The denominated value of a share is its face value: the total capital of a company is divided into number of shares.

When you're not familiar with these terms, it's overwhelming and frightening, too. In my own understanding, I compare the company with a pizza.

Imagine a pizza. Hmmmm. Yummy. I'm hungry already!


The pizza is the total capital of the company or let's just say it's the company itself. In order to raise funds, they will divide the pizza into several pieces. Each piece is worth an amount. The pieces of pizza are called the shares or the stocks of the company. These pieces are then sold to the public through a market which we call the stock market. An individual or a group of individuals who bought pieces of this pizza become a part-owner of the company. They are then called the shareholders or stockholders of the company.

When you buy shares of the company, you are called a stockholder or a shareholder. You are a part-owner of the company. Feels good, right?

Okay, so you are now a stockholder of a particular company. How do you gain or profit from it?

For instance you want to put up a small business. Let's say a banana cue stand. If you're not familiar with banana cue, this is a popular snack food in the Philippines of deep fried bananas coated in caramelized brown sugar. Delicious.

But you don't have enough capital to start your business. Let's say you need 100 pesos to start but you only have 40 pesos in your pocket. What you did was to seek help from your two friends named Jun and Julia. So Jun and Julia agreed to contribute 30 pesos each. You now have a total of 100 pesos enough to get your business rolling.

After sometime, you're business is blessed and it's growing steadily which means profit for you and your friends. How do you divide it among yourselves?

Since your total capital is 100 pesos and each of your friends contributed 30 pesos each, 30 pesos out of 100 is equivalent to 30%, meaning each of them are entitled 30% of the profit. Same is through with you since you contributed 40 pesos, you are entitled with a 40%.

This is also the same scenario when you buy shares of your favorite companies. When your chosen companies are growing, your money is also growing. The company share its profits depending on how many shares you have. The profit that was shared by the company is called dividends.

Take note that the company is a business entity so it is also subjected to losing or gaining depending on the economy and other factors that may affect the company. Being a part-owner, you could also gain or lose. 

You can make money in the stock market through dividends. Another way is through buying and selling.

For instance, you bought 1 share of company ABC at 10 pesos per share today. The next day, the share price of company ABC soared high to 20 pesos because of some good news about the company. You then sold your 1 share at 20 pesos per share. So you now have 10 pesos profit less applicable taxes. This is called capital gain. Capital gain is a result of capital appreciation or an increase in the market value of the stock you own. 


That is just for 1 share. What if you bought more shares, then it means more profit for you.

We now know about the stock market, shares, dividends and how does it work. How do you, as individual, actually be able to participate in the stock market and begin investing?

The buying and selling of stocks or shares are made manually or through online and either personally or through a stockbroker. A stockbroker acts as a middle man. There are many traders who do the transactions themselves but to those people who would rather do other things they would opt to have their own stockbrokers who would do the transactions for them.

For me, I opened an account with an online stockbroker, Citiseconline. This stockbroker is endorsed by Bo Sanchez so I am confident in their integrity. The buying and selling of shares are done electronically so it's easier and convenient for me.

After having your own stockbroker, you're now ready to buy your own stocks. 

The next question for me is how do I know which companies to buy. So I joined the Truly Rich Club by Bo Sanchez. Every month, he sends stock updates to all his members. He'll tell you what companies he's investing and how they're doing to give guidance and inspiration. His stock update is very crucial especially during crisis to prevent you from selling your stocks because of panic and lose your money. 


Aside from stock updates, he also sends WealthStrategies once a week. It contains life-changing principles and practical "action plans" on how to grow in your financial life.


There are 9 more blessings that you will receive when you join the Truly Rich Club. Click here to learn more about these blessings.

Happy investing!

Monday, May 7, 2012

Learning the Basics About the Stock Market

Since I know now the difference between an asset and a liability, I was really very eager to look for ways in order to build my assets. I have to start small considering my small savings. I know nothing. I don't know how to start or where to start.


Aside from being inspired by the "Rich Dad Poor Dad" book, I was also educated and inspired by Bro. Bo's articles and his book "8 Secrets of the Truly Rich". Because of him, I was inspired to learn more about the stock market.

The word stock market makes me frightened. Why? Because my friends and family reminded me of the negative things about the stock market. They said that many people or most people lose their money in the stock market and they're worried that I might, too.

It's a tough decision for me so before I decide whether to join or not, I spent my time learning and understanding the basics about the stock market. It's not easy. Sometimes I was overwhelmed, became discouraged and thoughts of surrender crossed my mind but I didn't.

shepherdsvoice.com.ph
It took me several months of learning the basics of the stock market before I gathered enough courage to actually invest. 

Though I'm not yet an expert, the fact that I started is already something to me. I knew nothing about investing before so for me this is a great milestone in my life.

One thing that really gave me the courage is that I have trust in the recommendations of Bro. Bo Sanchez and his guidance through the Truly Rich Club. If not because of him, it would take me years before I could start investing in the stock market. Thank you Bro. Bo for inspiring more people to be investors and entrepreneurs.