13/05/2022
FOR THOSE WHO ARE WORRIED ABOUT STOCK MARKET...THIS IS A GOOD READ TO ANSWER YOUR WOES....
STOCK ALERTā¼ļø
Sharing from BO sanchez' TRULY RICH CLUB
NOW WITH BBM AS PRESIDENT, WHAT WILL HAPPEN TO STOCK MARKET?
That is the big question in many peopleās minds.
Since yesterday, TRC members have been asking me, āBo, what will happen to the stock market with a BBM Presidency?ā
Some were panicking.
One person asked me if she should sell all her stocks!
I told her, āFollowing your emotions is the downfall of all investors.ā
Iām sure youāve read in the news that the market dropped by 3% at opening (though the market recovered and closed at -0.56%). But in fact, the market has been declining since February, and no, itās not because of our politics but global forces thatās causing the downward trend.
Some people told me, āBut Bo, foreigners are dumping Philippine stocks!ā
Sadly, foreigners have been selling the Philippines for a decade now. Weāve not just been very interesting to foreign funds.
As Investment Banker Stephen Cuunjieng said in an ANC Interview recently, Global Funds donāt care about the elections of a small third-world country like the Philippines. Because we donāt affect them. Weāre not a major importer, nor are we a major exporter, except for our OFWs. This isnāt to pick on the Philippines. The harsh reality is the economic powers donāt care for two-thirds of the countries of the world. Weāre just a blip in the margins.
I repeat: Since February, weāve been telling our TRC members that the stock market has already been going down because of the Russia-Ukraine war, the rise of commodity prices, and the rising ten-year US treasury interest rates.
Someone also showed me a news article about JP Morgan downgrading the Philippines to āunderweightā. But as our mentor Edward Lee says, the Philippines has been downgraded for 7 years now. Itās only the OFW remittances that have kept our ratings high enough.
Why do I listen to Edward?
Because our mentor has been in the Philippine stock market for 47 long years. Heās seen it allāregime changes, global meltdowns, natural calamities, coups and revolutionsāand heās stayed the course. Heās invested through every crisis. And heās done handsomely well.
Donāt obey your fear. Especially in your investing.
Think about what you are doing: You are not āplayingā the stock market. You are buying good businesses that are 50, 100, 150 years old. Under various administrations, they continued to prosper. We believe they will continue to prosper.
In the meantime, we must keep investing in the best companies of the Philippines at a discount (thatās why we have buy-below-prices), especially when thereās a crisis, and over time, weāll become millionaires.
Right now, weāre in a global crisis.
By training, we always look at crisis as an opportunity.
Real investors see this as an opportunity, not a threat.
So keep investing.-Learn with us for Free.
