If you could quit then well and good. But if you can’t resign you can still make it work! You also don’t have to be a stock market expert to make loads of money in stocks. Investing in the Philippine Stock Market may seem intimidating for some and may leave others with a sense that they need to watch their investment every single minute and hour of the day. Or some may think that they would need to resign and leave their day job in order for them to be able to bank in profitable gains in the stock market. Short-term traders can make their gains in shorter trading durations while fundamental investors can also make their big bucks by investing passively without all the hype and drama. I believe that there is no straight-line right or wrong in what could be considered the best approach in investing in the market. What I would like to advocate is for people to study and learn and make decisions on their own so there would be conviction on what they plan to buy and sell and not just flow on to whatever wind of doctrine that comes their way. In line with that, I have invited a very good friend of mine, a very “passive investor,” and a ” relaxed stock market player,” Aaron Say, CPA, CSR, CIA to shed light on how you can still keep your day job but still earn in our local stock exchange. Check out what Aaron’s opinion is on this matter:
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
For the past years, investors in the Philippine stock market have been hearing “kaching! kaching!” as they watch their money grow before their eyes!
As we usher in a brand new year, another round of opportunity awaits stock market investors!
Although the coming years may be as tricky as its prospects are exciting, there will always be handsome profits reserved for those who are willing to roll up their sleeves, do their homework, and diligently invest their money in the stock market.
The best part is, you and I need not quit our job (day or night) to start investing in stocks and make money as the pros do!
Usually I recommend investing in Unit Investment Trust Funds (UITFs) offered by reputable banks, especially if one really has no time to study companies and monitor stock investments.
However, for those who are willing to devote more time and effort and feels like he or she can diligently invest in the stock market, here are a few tips on how we can still keep our job while making money in stocks:
Get a reliable, no-frills online stock broker.
Make sure that your stock broker can be trusted with your money. Personally, I recommend online stock brokers because they charge less commission, provide you (on demand) with free research and other tools for trading, and you can view the stocks you have and their market value anytime you want and anywhere you are! But if you prefer to have someone to speak to and bump your ideas with before making a trade, then the traditional, over-the-phone brokers are the better fit.
Make a daily schedule to brush up on the news.
Read major daily broadsheets, preferably those which you think are relatively more objective and upfront in their reporting. If money and time would allow, read financial broadsheets that dedicate bulk of their space to business news. Skip the showbiz section to save time.
Read opinion pages.
Try to gain insights on how other market watchers think about the stock market as a whole or about a particular company.
Stop reading stock market forums.
It will just make you feel more confident or more nervous than you should be.
Learn. Equip yourself.
The PSE, Stock Smarts, and other training providers offer seminars. For serious investors (or those planning to be), read trading and investing books that are simple enough to understand but are comprehensive enough to be applied. If you think knowing how real people do real investing and learning it straight from them can give you invaluable insights and help you in your investing success, sign up for stock investing seminars. Most importantly, learn from your investing successes and mistakes.
Make your MS Excel your BFF.
The value of MS Excel in our investing life just can’t be overemphasized. You can use it to compute your potential and actual gains or losses, track your performance, sort the voluminous data provided by the market, calculate a company’s value, etc.
Take the long term view to investing.
It would save you time worrying when stock prices go down, and it would push you to adapt the business perspective in investing.
Invest only in good companies, and buy it only at the right price.
Buying stocks of bad companies is gambling, not investing. Buy a stock only if you can still profit from it — from this perspective, you may use either the “buy low, sell high” or the “buy high, sell higher” mantra.
It simply works.
Do what you do best.
Do your job, stay in your profession, don’t leave your passion and continue your role in the society.