I remember back in college that whenever the topic is about stocks, stock dividends, par value, stockholders equity, retained earnings, etc., I zone out! I really, for the life of me, cannot comprehend all of these terms and what they mean in my life. For me, this is a topic discussed in the board rooms of big companies, or something only the rich can dabble on.
I graduated from college, worked in an insurance company, manufacturing company and now in a bank, and I managed somehow to avoid the intricacies of stocks, still believing it is only a game played by the rich.
Until I came upon Bo Sanchez' Truly Rich Club.
It all started when in 2010, I attended Bo Sanchez' Truly Rich Financial Coaching Program in Valle Verde.
There are several speakers in this 2-day seminar but the one I remembered most was the first speaker Juan ‘Juanis’ Barredo, the Vice President of then CitisecOnline (now COL Financial Philippines). COL is an online stock brokerage firm in the Philippines which cater to the masses. Juanis has under his belt 18 years of experience in the stock market. What's good about him is he speaks about stocks in a non-intimidating way, making me feel at ease with the topic, and not hyperventilate.
I can't believe when he said that less than 1% of the Philippine population invests in the stock market. I thought "..maybe I am not alone when I thought stock market is just for the rich.."
He said investing in stocks is like becoming co-owner of a business because you get to buy a portion of the business without actually investing too much on it. For me, this is a fair deal. Income is decent, loss is calculated. Right there and then, I decided I will try investing in stocks. Instead of putting my money in a bank which will give back a very minimal return, I will buy a portion of the bank (and be partly its owner) where I can earn bigger return.
I then began to read about COL Financial.
In the earlier days, one really has to be rich in order to be a stockholder. But COL Financial changed this notion by allowing one to open with only P5,000 minimum investment. Juanis said that before, when you walk in a brokerage firm with your P5,000, you will be laughed at.
Account opened, check.
Minimum initial amount deposited, check.
Now what stocks should I buy?
In comes Bo Sanchez' Truly Rich Club.
When one becomes a member, Bo will send regular emails on Stock Updates, Wealth Strategies, eBooks, and other reading materials that are really helpful. Aside from these, he also emails Buy Alerts and Sell Alerts and Hold Alerts when market dictates so. It is like having your own analysts who do the studying, speculating, analyzing and deciding for you. They will suggest the best stocks to buy, up to what price you can buy it, at what price you can sell it, etc. One just needs to trust them. I did for almost 3 years now and I don't mind referring them to people because I have proven that having mentors behind you especially in this confusing world of stock market is really beneficial.
To know more about the Truly Rich Club of Bo Sanchez, just click on the box below. Happy Investing!