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It pours really damn hard

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It's almost the end of the year. And here I am, immersed in my own little corner of the world. Having a little peace of mind. Enjoying the feeling of contentment and security. So what exactly changed? Big things actually. Not sure If I've mentioned this before but the year starts with a newly minted residence visa 🎉. Yup I am now officially a resident of New Zealand. I can now vote, participate in jury duty, open credit cards, open a Kiwisaver account (NZ's equivalent of 401K in the US), and a lot of investment opportunities . But what's more important is that I don't have to queue anymore in Philippine offices just to prove that I have the necessary document to fly in and out. I  won't be reimbursed a terminal fee anymore though. I mean, I'll take the freedom to fly anytime over 500 pesos, which in the general scheme of things not really that significant sum. Speaking of funds, I opened an account in an online platform called InvestNow . They
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Antisocial Insecurities

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I'm done with SSS. I already have 144 months of contributions - that's 12 years exactly!. A wee bit more than the required 10 years of contributions to "benefit" from a retirement pension - whatever a monthly of ₱6,233.33 can buy in the future. Yes, I calculated. Mainly because of sheer curiosity how those years of auto deductions translate to money in my future. Yes, it's a measly sum. If I factor in inflation, that's basically around 1-2 thousand in today's money by the time I retire. But as they say, it is intended as a security, not an investment. And everybody knows that it's not a reliable source of income in our last days on earth. And also, a huge chunk of my contribution comes from my employers so in essence a part of it is free money anyway. The new hike in contributions  increases the monthly salary credit which in theory should also increase everyone's pension. As someone who left the Philippine workforce 2 years ago and has t
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Bear necessities?

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So yeah, the market just touched a support line I've drawn for myself first mentioned here . That line went back as far as the start of 2012. That's a major support right there as far as textbook definitions go. What does it exactly mean? Well, for me nothing really. People are just fond of giving meanings to patterns. Supports are suppose to be a point (or a range) where a stock may bounce back. But the thing is, nobody knows really. For a long-time investor like me, I treat them as some sort of entry points. See those green lines down there? I saw them as significant supports and thus my entry points (buy) to an index UITF. Wiggly Lines and whatnot Of course, the market is still in the position of tumbling down. I've learned to tame my emotions. Unless a major turd hits a windmill, I'm very far from being concerned.
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But wait... there's more

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A long weekend starts. A little breather from a turbulent quarter I guess. Now we can let out a collective sigh of relief. Better, ain't it? Now, let's review the past quarter so we can asses where were we in the financial sense and if we are still on track on our plans. Did you know that we had the second worst performing stock market in the WORLD?! Yep. Having Venezuela in the bottom doesn't really help alleviate the pain. It's in a league of it's own. So in a sense, we ended the the quarter as the worst market in US Dollars. Link In Peso sense, we ultimately ended the quarter at -6.76%   YTD and -11.90% from the all-time high.  It's still not a bleak outlook. But after reviewing a multi-year trend, I believe it hasn't reached it's major support yet. For me, that's probably around 7200 - a drop of another 8% or more if the market will turn out to be crazier than the textbook fluctuations. The effect on my personal port
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Insider Trading Alive and Well?

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Is FGEN finally now on a reversal after a 2-year downtrend? Probably. It was up by 15% in the last two trading days of the past week. And as of this writing, it is already up by another 7%. Twin glorious white candles of the past week I knew there's something boiling. Then boom! Alert Message from COL Financial Question remains: Where do you draw a line between Insider Trading and trading based on pure public knowledge? That's rhetorical by the way and I'm not in any way complaining. I got like 14% FGEN in my portfolio I bought near the bottom. So this is pretty much a happy surprise for me.
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Bloodbath

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The world's stock market is currently on bloodbath. The Dow Index dipped almost 5% last night. Our own bourse dip down to around 2.7% before climbing back up and closed at just 0.76% in the red. It has officially erased all of its gain for the year. Mine was spared - by a bit, down to just 2.41%  gain for the year. I seriously don't know if it will hold up. I have a few cash to buy on dips though. The thing is, nobody knows if there's something wrong or the markets just undergo a healthy correction. At this point, I am not worrying, I am not selling. We are nearing a short-term support soon. Hopefully it would bounce. Short Term Support Unfortunately, if we had to go way way back, we are long way to go before reaching that major trend. And it's gonna be ugly. Long term support
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Buy Lows, Sell High

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The second trading week ended on on an upbeat Philippine Stock market at 4.17% . I had my first stock share sell of the year when DNL hit my personal target at a little more than 20% since I accumulated less than 5 months ago. My buys shown in green lines and sells in grays It has been a good run after that ridiculous tumble back then. But the steep ascent puts the stock in so much pressure to correct at some point. I still have a few shares left in case it would continue its awesome rebound. My cash position now stands at 17% -  the second biggest piece of my portfolio. I'm eyeing on a stock that has been on a slump for so long hoping it would start it's upward reversal soon especially now that the market's in a bull once again.
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