Luck with a Non-Blue Chip

A year ago, I bought a few thousand shares of MJC or Manila Jockey Club by mistake at P1.95.  The next day shares went up to as much as P2.23.  I sold all my shares off earning 25% of my investment.  

No, of course I didn't get filthy rich then.  I only bought a few thousand shares and not a million shares.  I don't have that much resources to afford that much.  But still the triumph was very surprising and very adrenalin boosting.

This just goes to show that we need to find that right share at the right time.  The question is... what share to buy and at what time?  This is always the dilemma.

Following the Trend and Falling After

Remember when CAL or Calata Corporation first offered their stocks to the public?  I wasn't given the opportunity to be able to buy their first offering.  Thinking at that time, it's not really going to make it that big.  Boy!  Did it made the headlines.  Day after it went public, price per share soared and soared day after day.  And day after day I saw it soaring, I told myself it won't soar that high, and oh but it did!  Then I told myself,  if I could have bought it at a particular price even if it's soaring; I could have earned a lot by now.  Still it went up to its peak of  P24.00 per share.  Then came the decline, I thought this was the best opportunity to buy it while it's going down.  I bought a thousand and more at P16.48.  And boy I was wrong,  the declined went rapidly as fast as it went up, that I couldn't catch up with it anymore.  Still I told myself that maybe patience will earn me something this time, so I waited for 5 whole months waiting for it to go up once again.  But it never did.

Finally, wanting to just get part of my money I sold my shares at P6.22.  Loosing almost 3/4ths of my investments.  It was a tear jerking experience.  What I meagerly gained from my blue chips stocks I lost it and more here.  It was a real nightmare. 

Hope none of you did the plunge with me.

My First Taste of Playing Stocks Online

The first stocks I bought with my meager resources was ALI or Ayala Land Inc.  Of course, being my first time I want to be sure that I invested on a blue chip stock so that I'll be sure to earn a lot.  At that time, stocks were at its lowest.  I bought a thousand stocks at  P19.48, thinking that after a few days I'd earn a hefty sum of money.  Of course it doesn't happen that way.  Put into account the small amount of stocks I bought even after a month that the stocks went up a little I didn't earn that much.  I got impatient and sold it earning a few thousand pesos.  If I could have hold on until now, I could have almost doubled my money the fact that ALI is at it highest now at  P34.50. 

Another blue chip stocks I bought was MEG or Megaworld Corporation.  At the time I bought it, it was at  P1.95 per share.  With the snail pace of the price going up, I got impatient again and sold it two months after; earning only a thousand pesos and a little more.  Again if I could have hold on until now, I could have gained a hundred percent and a bit more with the rate at  P4.06 and up.

Of course, if you think about it; with only a few bucks to spare what would you do?  Sitting there and looking at your stocks day by day not improving at all, desperation would start to sink in.  Well, guess what, I got desperate.  Who would have known it would reach it's peak right now?  Of course it was already forcasted at that time, that blue chips stocks will rise soon.  But when?  After a year?  And what stocks?  There are so many factors to look into.  With my layman way of understanding stocks, that's how I got myself into this result.

Maybe some of you took a different turn otherwise.  Lucky you then! =)

Stocks for the No-Brainers in Pinas Part I

Life really sucks don't you think?  Rich people get richer and poor people gets even poorer day by day.  Each and everyone of us hopes in every way to get rich by stricking it lucky the first time!  Oh sure some did strike it lucky!  But who?  1 out of millions?  If you are that 1 out of the millions of people then you must really have that lucky shining star following you everytime.  But for us normal people, we are already happy when we get a "balik-taya" or a return of investment when we bet on a LOTTO for example.  Are you one of those guys?  Well, hey, I am one of those.  The thing is nobody gets millions without doing anything!  If you say, oh how come Henry Sy, Gokongwei or Lucio Tan have millions or even billions of pesos?  Well they worked hard for their money to make the empire they have now.  No one gets millions of pesos without working hard for it.

So you say, what's the point of starting this blog if all I do is rant about nothing.  First thing,  I want to write this blog as my own diary, a reminder of what I did right and what I did wrong.  Second,  I also want everyone who are the same as me to know that you are not alone in your journey.  We are not alone.  We are a lot in this world of stocks.

Why stocks for No-Brainers you say?  No-brainers because I, for one am a newbie on this kind of thing.  I didn't went to learn some master degree on how the stocks move or not.  The tick up or down as they say.  The heck with it!  Yes I know, some of you for sure will say... what a stupid person!  Well, I am!  I'm not ashamed of it.  If somebody will say he or she is an expert on this thing, then I salute you.  I wish I could have been you but I'm not so I have to accept myself for who I am.

I just started stocks online less than a year ago for what else?  In the hopes of earning big bucks of course!  But alas!  It's not as easy as 1, 2 or 3.  For one, resources is a big part and of course knowledge.  It takes a lot of hardwork even for an online thing.

So for all of you No-Brainers like me.  Lets walk this journey together... wherever it may lead us.  Good luck to all of us!