EPISODE #282: Change Your Mentality About the Price Fluctuations of the Market
Peso Smart PH: Investing in the Philippines
English - January 12, 2023 14:42 - 16 minutes - 15.3 MB - ★★★★★ - 1 ratingInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The stock market is very unpredictable. There are always trends of bulls and busts. We have to remember the main goal of investing in stocks, buying low and selling high.
If you bought stocks at ₱20/share and that stock plummeted to ₱10/share, it would be a good a idea to buy more, right? If you're certain that the company and the business is sound, it's making money, not too much debt and the revenue's growing, yes, you should buy more.
We can compare it to our mentality with Lazada or Shopee's monthly sale, or any other discounted products or services that we've bought or availed before. If an iPhone was on a 50% off discount, it's a no brainer right, you'd buy it? If the shirt you've been meaning to buy was discounted for 40% off, you'd add to cart and checkout in no time. Apply this to the stock market. Buy the dip!
It can be really hard at first, and that's why you need to practice it. It's a discipline. You have to control your emotions and make sure it won't get the better of you. Always stay objective, stick to your strategy and goal, and be Peso Smart!
💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.
📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.
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