Alexandoy
VIP Contributor
Perhaps you have already read about the stocks that I received last November. The price at that time was 128 pesos per share. In December when the price fell to 120 that gave me the courage to buy more stocks. When I consulted a friend who is into stocks, she said that 120 per share is not really that low and I should wait until the price dips to 100. Later on the price went up again. Today the price is 127 which is ordinary. Another advice that the friend said is I can sell when the price would be more than 140 per share. Oh, that may be a long time, I thought.
This is my realization that investing in stocks is not for a quick profit. Instead of putting my money in the bank to earn very little interest then it is better to buy stocks. Even when the price does not go up to a good level my stocks can give me the annual dividend. I actually received a dividend last December which, I think, is much higher than the interest that my money can earn in a bank deposit. Now my vision for my stocks is to let it stay for at least a year before I think of selling (can be entire stocks or even partial only).
This is my realization that investing in stocks is not for a quick profit. Instead of putting my money in the bank to earn very little interest then it is better to buy stocks. Even when the price does not go up to a good level my stocks can give me the annual dividend. I actually received a dividend last December which, I think, is much higher than the interest that my money can earn in a bank deposit. Now my vision for my stocks is to let it stay for at least a year before I think of selling (can be entire stocks or even partial only).