This post will give an update on my investments in the stock market, mutual fund, and cryptocurrency. In addition, I will also include how my most recent investment in an agribusiness in the Philippines is doing after five months.
Although I haven’t posted anything after my last update, I want to emphasize that they still exist. It is my aim to add to them and I tried even as little amount every month as possible. However, as you surely know, life can give you big surprises here and there.
In my case, I had my younger brother to send to college since last year. That means I have to pay for his tuition fee and allowance every month. More or less, that amounts to 10,000 PHP every month plus my other monthly bills (SSS, Pag-ibig, lot payment, Sunlife insurance). Not to mention the money I voluntarily send to my other family members and relatives. Plus, those trips that I’ve had every so often. So, yes, sometimes, I have difficulty adding to my investments as much as I wanted.
COL Financial/ Stocks
To start with, my stocks are all red except one, thank God for that. 2018 was the worst for my stock market experience. There were times when they were all in negative values for weeks. The good news is that according to experts, by this year, they will slowly recover. I am really hoping for that.
For the meantime, you can see my stocks are bloody struggling. Ha! However, I am not very worried about them because they are all gigantic and known companies or organizations in the country. I am confident that they’ll rise back up in time. On the contrary, now is the best time to invest while they’re at their lowest values.
The second investment that I want to share is my SALE Fund. Similar to my stocks, they have also been red since last year. The difference now is they’re only 2,000 PHP negative. Compared to last year when they’ve dropped to more than 5,000 PHP, this year is quite minor. So, I think it’s a sign that it’s gradually going up. *fingers crossed*
My goal for FAMI is to invest at least 100,000 PHP. I don’t know when it’ll happen but that’s what I am hoping in the future. As I compared my stocks with this, I might lose more money if I manage it myself. And besides, I can’t always check it all the time. So, my other plan is to stop at 50,000 PHP in COL Financial and focus putting more in the mutual fund.
If you read my old post about cryptocurrency, I invested a total of 50,000 THB. I first got a profit worth of 5,000 THB after a few months, then, on the following months thereafter, I got nothing. It has been a rocky ride investing in cryptocurrency, TBH. Compared to last year, the first months of this year’s market has dropped significantly. It’s even one of the lowest in the past years.
Luckily, this month though, for almost a year of investing, I finally got another profit of almost 30,000 THB.Ha!
Apparently, cryptocurrency is very risky because it is a 24/7 trading unlike in stocks. There’s a high chance of losing all your money if you are not careful of what coin to invest in. It’s very tricky too so intensive research of the coin and the market is a must. If you wish to invest, just invest what you can afford to lose.
Honestly, in the past year, I almost wanted to withdraw the money regardless of their decreasing value. I’ve learned that patience is really a virtue here. Today, I am again hoping that they’ll go up so I can retrieve at least my initial capital. If things go as planned, I can even earn more profit. Again, my fingers are crossed.
Lastly, because some of you are curious about the progress of my agribusiness investment, I’ll write an update about it too. I will not mention the name of the corporation because I was advised not to. However, if you want to know, just drop me a message through my contact page.
Anyway, so far, it’s all good. I previously mentioned in another post that I bravely put my first pay in of more than 7,000 PHP last year for the sake of trying. After many days, it grew to 14,000 PHP. Then what I did was withdrew half of it and reinvested the rest. Next, I put in more money in the following months. Overall, I invested approximately 60,000 PHP because I thought that the return is very high. Like this month, I might get worth half of my total investment. “Might” is the term I used because I still feel that it could be gone in an instant. But, the corporation is still very active and alive. So, I will continuously hope and pray for the best.
Truthfully though, I feel a lot of strong emotions of anxiety and excitement regarding this investment. Perhaps, I’ll discuss more on another post because I think it will be quite lengthy.
“Do not put all your eggs in one basket”.
If you are familiar with this quote, then you should know who Warren Buffett is. He is a huge inspiration to my financial journey. However, unlike him, I don’t wish to have billions or even millions of money. Is it strange to say that all I want is to live a comfortable yet simple life? Maybe, I’ll talk about that later in my blog because when I was asked by a friend, “Don’t you want to have one million pesos?”, I didn’t immediately answer him. After a few days of rethinking his question, I discovered that my goal in life is not to reach a certain amount. I mean, if I could someday get to save one million, then it will be great but it’s not what my heart desires. Gah! I hope I make sense. I promise to explain more of it later.
Back to the quote, it simply means that you shouldn’t put all your resources or money in one area. That is what I’m doing here because if you do, you might lose everything.
This post gave you an update of how my investments are doing this year. I hope that in some way, I was able to inspire you to start making wise decisions about your finances. My advice has always been, start little and let it grow in time. Although, you have to be consistent and truly determined to set aside your money for investments. Moreover, before you start investing, make sure you have built up a stable emergency fund.
If you want to read more of my posts about money, savings, and investment, please read HERE.
Until my next post! Keep safe & well, everyone!