A newbie. Beginner. Kindergartner.
That's who I am in these kind of investing. With mutual fund, I had the experience of buying a few hundred units for several months but then was forced to withdraw 98% of my investment due to my wedding that time(2010). We needed the money. The return from the fund was really good. The initial investment was 10,000 baht and I added 5,000 baht every month. I was able to save around 70,000 baht that time. Not a bad investment at all. Yesterday, I asked my mutual fund agent if my account is still active, he replied and said it's still active and after 2 years, the return has been a whopping 158%..whoa! If I kept those 70 thousand, it probably would've have reached a little less than 200 thousand Baht. Oh well...I guess starting again is not a bad idea.
According to Bo Sanchez, comes payday...the 1st two things to be paid are:
1. God -- through tithing, a 10% of your salary should be given back to God. It's His, He has all the right to ask you for it. So be diligent in giving Tithe.
2. Yourself -- through savings or investment... a 10% of your income is a starter but if you can save much higher, then better.
Before paying electric or credit card bills, learn to pay yourself..because in discipline, you will be able to save much for you or your family's future.
I think it's a good idea, so then I will start saving at least 10-25% of my income monthly by investing in mutual funds. With regards to stock investing / trading, I am a newbie. I don't know how it works but I'm on the learning process. I love watching every night the episodes of Pesos and Sense where that show educates the Filipino people in investing in stocks and mutual funds.
It takes discipline and motivation to save. So help me God.
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