For the past few months, I’ve been investing in the Philippine Stock Market using Citiseconline’s EIP (Easy Investment Program). In a nutshell, it’s an investment program where you invest a fixed amount on a regular basis to take advantage of the cost averaging method. I plan to do this for at least 5 years for the most stable stocks that I feel have the most probable chance of being profitable in the next 5 to 10 years.
The Super EIP of Bo Sanchez
I mentioned in my Truly Rich Club Review that Bo Sanchez recently launched his Stocks Updates Newsletter along with his e-book “My Maid Invests in the Stock Market”. Through the Newsletter, Bo aims to share his stock investment advise. He plans to tell you what stocks he is buying, what stocks he recommends people to buy and when to sell those stocks.
This very helpful information is available only to Truly Rich Club members. Since you’re an avid reader of this blog, I’ll give you a sneak peek on what Truly Rich Club members are getting.
In the first issue of Bo’s Stocks Update Newsletter, he introduced the SUPER EIP investment program. The strategy is to search for “undervalued” companies with proven track record and buy them at a low price. For example, if a stock is valued at $2 $1.50 and it is currently being sold at $1, you have a 50% potential profit once the market aligns with the stocks’ true value. After the stock reaches $2, you can then sell your stocks and get 50% profit. Keep in mind that this may happen after weeks, months, or even years. For Bo’s case, his PhP 148,000 actually increased to PhP 441,000 when he sold his stocks after more than 1 year! That’s a profit of around 200%!
At this point, I need to mention that the results will definitely vary from case to case and some people may even lose money. In the end, you should still be responsible in making your own investment decisions. Citiseconline, Bo Sanchez or even this blog may tell you what stocks to buy and when to sell but the reality is that it is still YOUR OWN MONEY. There’s no one more concerned on how to make your money grow than you.
In an attempt to try out the SUPER EIP investment strategy, I’ve invested some of my money into 2 stocks (one valued at 47% upside profit, and the other one a 42% potential upside) starting this month. As with Bo’s strategy, I also plan to take advantage of EIP cost averaging for these 2 stocks. Every month, I plan to invest a fixed amount and once it reaches the target price, I will sell the stocks to take my profits.
I am really excited to see how this strategy will fare out in the future. I can’t wait to share to you whether the money I invested will grow to its potential or I end up losing money. Watch out for that in the coming months.
How about you? What investment strategies are you using when investing in the Philippine Stock Market?
P.S. If you want to know the 2 companies I invested in for the SUPER EIP and other undervalued stocks in the Philippines, you can contact me or join Bo Sanchez’ Truly Rich Club and read Bo’s Stock Updates Newsletter.
Rich Money Habits Recommends:
Rich Money Habits Ebook Guide - with foreword from Bo Sanchez saying this ebook "contains the most important and most essential tools you need to start your journey towards becoming truly rich."
Bo Sanchez' Truly Rich Club - get monthly stocks updates, wealth strategies, digital downloads (DVD/CD audio/video/ebook) of Bo Sanchez and his mentors' seminars and talks
Rich Money Habits' Project 100 - get personal coaching and mentoring on how to earn your first $40 - $400 per month part-time by building your own home-based business, and be part of a dynamic team of entrepreneurs across Japan, Singapore and the Philippines.