Helping Your Family Investing

I just realized that its hard to keep track of my freedom fund. When I add new funds to the account, its % changes. So I decided to divide it into number of shares like a mutual fund. That way, even my family members can invest with me and help them earn money.

So far, the freedom fund has performed really well, 13.76% YTD, while the market is around 16%. It is good in my opinion since I'm still learning the ropes and managed to make some mistakes.

Right now, I'm handling money for my relatives. I think its good for them to be invested and take part in this bull market. Since, they do not know how to invest in the stock market, I'll be handling the money for them. And making the freedom fund into a mutual fund - like fund is a great thing so I can add more money without recalculation of its % gain or loss.

My thought on hot stocks: Magnum Ice Cream & Petron

For the Philippine market, I think the hot stocks as of the moment are still the mining sector, the nickel - copper industry to be exact. I've been hearing a lot about PCOR (Petron) and the maker of the Magnum Ice Cream (RFM). 

I think the product is good. Everybody loves it even if it is with the same name as the condom and is overpriced, people are still willing to pay for it. A lot of people are taking pictures of them eating magnum and posting it in their facebook wall. It became a status symbol for some due to its steep price and also, since its summer. I'm just not sure if this is a long term investment or just a fad. Petron for me, is not a good investment. People who follow this blog will know that we are here for the long term and we want to have an investment that will bring the most money to us. I just think a company with its price that is being regulated by the government and a very volatile commodity is not a good investment in my opinion. There are a lot of good choices out there. Like, cement products, construction engineering services, paper plates and plastics and more. Those are the stocks that will bring in money. Boring stocks that people will puke to look at.

Thoughts on Trading

I think trading, particularly in this market is a stupid thing to do. As Mr. Bacon will say on the Reminiscent of a Stock Operator, "Why sell? It's a bull market after all!" Its easy to lose yourself within the crowd, when gurus are proclaiming what stocks to pick and sell. Do not be swayed by their opinions. You have your own mind to decide, and its your own money to risk.