Exactly 7 days ago, I posted a blog about the record high level of the stocks market and one particular Mutual Fund ( FAMI-First Metro Asset Management Inc) that zoomed past the 70% ROR - Rate of Return level. But the trend now has reversed and we have seen FAMI reduced by about 5-7% and the PSE Index dropped from 4400 to 4000 points.
Once again, the true blue blooded , informed, and guided investors are happy. While, those that dabbles into investing without literacy and coach wonder what's happening and goes into panic mode.
But, the simple way to true riches is : discipline and literacy. This means, we do not time the market, we do not care about the trends, we simply invest continuously, and regularly regardless whether the market is on an up-trend or down-swing.
We always start with our investment goals and tie up our actions to the said goals. And just continue with the investments. Get education and a coach to guide you.
God bless!
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