April of 2011, after some inspiration about stock investing, i decided to open an account with CitisecOnline(COL Financial now). My plan during that time was to invest using peso cost averaging, by this i followed what citisec dubbed as EIP or the Easy Investment Program. After my account was activated, i then decided my first stock...JFC or jollibee. Without knowledge about when is the good timing to buy, i just bought current price which was 98. Up until now, i still laugh to myself what the heck i was thinking. Well, thats part of the plan during that time, just buy the stock every payday at market price. As it is the advice with EIP. Of course i was so excited because i am already part owner of the well known fast food chain in the country.
Then i saw how JFC price went down...and that's the time my newbie feeling got in, FEAR, fear that i may lost the money that i invested. Oh, i also bought SMPH that time... But in my dismay, the price also went down. And even now, i can't even remember rhe price and day when i decided to SELl my stock. I believe it was also my first experience of LOSS in the stock market. The next thing i know, i already signed up to attend a trading seminar and paid subscription to recieve advisories on what stock to buy. Yes i know, its another stupid thing a newbie would do. I mean to let a "guru" kuno to tell me what stock to buy.
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