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Everyone Else Is Scared… We’re Not. [Stock Market Philippines Update]

The Philippine stock market is keep going down [except yesterday and today, up by 2.83%] but nothing to worry as long as we are following the strategic averaging method. Of course, I also believe on the credibility of my mentors. Here's a remarkable advise from my stock investing mentor:

"Believe me.

People’s knees are shaking. Most of the traders out there can’t sleep anymore, scared that the stock market is in a freefall. 

We, TrulyRichClub members, are the only ones buying the market now.

The prices of our great recommended companies are so cheap, it’s nuts.

My friend asked me (with real terror in his voice), “But Bo, what if the prices go even lower?”
“So what? The lower, the better…” I said.

He asked, “But shouldn’t I just wait for it to hit the bottom?”
I laughed. “The wisest man in the world does not know where the bottom is. So our strategy is to stop guessing where the bottom is—and just buy…”

He asked again, “Even if this depression will last for six months?”
“The longer, the better,” I said.”"

Here's latest stock market Philippine news and update as of today December 28, 2016:

Philippines shares higher at close of trade; PSEi Composite up 2.83%

Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms, Property and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 2.83%.

The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 5.14% or 1.550 points to trade at 31.700 at the close. Aboitiz Equity Ventures Inc (PS:AEV) added 4.88% or 3.300 points to end at 70.900 and SM Investments Corp (PS:SM) was up 4.78% or 30.000 points to 657.000 in late trade.

Biggest losers included Petron Corp (PS:PCOR), which lost 2.00% or 0.200 points to trade at 9.800 in late trade. Megaworld Corp (PS:MEG) declined 0.85% or 0.030 points to end at 3.480 and LT Group Inc (PS:LTG) shed 0.78% or 0.100 points to 12.700.

Advancing stocks outnumbered falling ones by 118 to 57 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for February delivery was up 0.29% or 3.35 to $1142.15 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.39% or 0.21 to hit $54.11 a barrel, while the March Brent oil contract rose 0.33% or 0.19 to trade at $57.02 a barrel.

CNY/PHP was up 0.05% to 7.1581, while USD/PHP unchanged 0.00% to 49.800.
The US Dollar Index was up 0.06% at 103.06.

Source: uk.investing.com

Interested in Stock investing in the Philippines?
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The Truly Rich Club is an online private membership group founded by Bo Sanchez. It’s called “Truly Rich” because the subscribers are taught not only to be financially free and wealthy, but also how to be blessed in ALL areas of life: whether in the relationships, career, spirituality, health, and of course in financial life.
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