For some it’s the Bible. For others it’s the Purpose Driven Life. There
even those who have read Robert Kiyosaki’s Rich
Dad, Poor Dad. And many more books
that made impact in our life. Mine is a
small book written by Bro. Bo Sanchez, a Filipino, entitled My Maid Invests in the Stock Market.
It’s a financial book, a spiritual book and a motivations
book wrapped in less than 50pages. The
words are easy to understand and the message readily received. This book started my journey to financial
freedom.
Flash back to 2010…
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| My Maid Invests in the Stock Market |
We’re both struggling to make everything fit in the budget. There were still two tykes that needed their milk formula at home. Prompting me to start my online/offline direct selling business and read anything and everything about budgeting and investing. I would say that hubby was truly excellent at what he does. After 3months, his boss made him a permanent staff; and at the 6th month, he was rewarded with a new position and a pay raise.
I had my doubts on investing. There’s a big risk that I could lose my money. So, while paying off all debts I decided to test the waters and start with BDO EIP (Easy Investment Plan). Nothing big or too risky. Just 1000pesos a month, every month, debited from my bank account and invested on a Fix Income Fund. A fund that increases little by little every day. I used my earnings from my direct selling business to fund the investment.
Fast forward to New Year 2012…
✔ SSS loan paid
✔ BDO credit card cut
✔ Less than 3 months to pay the lot (paid it in 3yrs instead of 5)
I read the book My Made Invest in Stocks in pdf form. Printed the same file and passed it to my
mom. Made up my mind that before the
2011 closes and 2012 ushers in; hubby and I will make that trip to the PSE
building in Ortigas and open an account with Citiseconline. We’ll open an EIP account for only 5000pesos;
and so we did, with the 2 kids in tow.
We weren’t able to attend the seminar about investing given free by
Citiseconline because we arrived late.
But it’s OK. I have all the basic
knowledge with me because of that little book.
I know that I’ll buy 100 shares of ALI and 100 shares of AEV with that
5000pesos. And continue buying every
month until I reach the FV (Fair Value) price of the stock, signaling me to
sell it.
The here and now…
2012 was a good year for PSE. The index gained 32.95%, making it the 2ndbest stock in SE Asia. Lady luck shone its smile on me and gave me a
17.7% increase on my stocks portfolio. I’m
still continuing that BDO EIP, but increased my investment to twice a
month. The kids’ college fund is now
invested on FAMI Equity Fund and Balanced Fund.
I still have credit cards but they’re now manageable. Oh, and we made that big ticket
purchase. A brand new Hyundai Accent
(no, not in cash!). Nothing fancy. Just something to replace the old Honda car
that met its demise because of Habagat.
Here’s a glimpse of my portfolio taken this February 04, just after PSEi hit the 6400 mark.
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| Portfolio as of February 04 |
I’m not saying that the book will make you a stocks
guru. Or that I didn’t make trading
mistakes. Investing can’t and won’t be
able to replace your day (or night) jobs.
Investing is made by changing your lifestyle. Cutting off the wants and staying within the
budget of the needs. It will help you
build something for the future at a faster pace if you’re not too greedy and
would do your research patiently. Financial
freedom is a very long journey and all about the journey.
I love my husband and I don’t want to see him working for
the next 20years just to buy that next gadget.
I’m dreaming big. Much bigger
than an iPhone or a signature bag. I’m
dreaming for my kids’ future and our retirement.
Click the link and read the book. It’s FREE.
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