My other blog

If you don't find me active here, it may be because I'm posting at my other blog, Ramp Up To Riches. I've decided to put up another blog so that I can create a site for my finance-related entries entries. See you there!

Just some updates

First off, I was surprised at the new look of blogger for posting entries. This just shows I haven't been posting for a while.

So much has happened since my last post so I might as well update you on what I have been up to. Since my last entry way back Feb, I have been to the US embassy to apply for a B1 Visa. I took down notes on the process and how much time I spent on each step because I wanted to share this on my blog. I wasn't able to do that but I was able to get a 10-year multiple entry tourist visa so yay for me! :)

Next, I went to New Jersey for a 3-day business conference. I got to match the faces with the names and voices of the people I work with because I would normally just interact with them via emails and conference calls. It was the first day of spring when I landed so it was still a bit cold, especially for someone who grew up in a tropical country. I enjoyed my hotel stay but it was not reachable by public transportation so I hired a cab service to take me to the malls and factory outlets. After the business conference, I took the train to New York and stayed with a former colleague for some fun over the weekend. I will never forget Times Square! I also met with a friend from high school who treated me to the Spider-man play on Broadway. We were even able to go backstage because she's friends with one of the cast members. I took a lot of pictures of course! I did some more pasalubong shopping and I had to buy another bag because the things I accumulated would not fit in my luggage anymore. I even thought of shipping my pasalubong via balikbayan box service but decided against it. Next time I'll consider it because it was so difficult lugging around three suitcases on the travel back home. You think that it's too much but it's nothing compared to the cartful, even more, of luggage and boxes that our kababayans had at the airport terminal. That's how I knew that I was lining up at the right queue of the Philippine Airlines flight to Manila; I just followed the brown, and sometimes white, balikbayan boxes :)

Then I was chosen by my former roommate to be the maid of honor at her wedding. It was my first time to be a MOH so I researched my duties and how to throw a bridal shower. We went with a spa party theme and I'm proud to say that her guests enjoyed the experience. We rented a hotel room and had foot spas, back massages and facial masks. We even had chocolate fondue for snacks! I also prepared some games and gave away prizes. It was so much fun! The next day, my friend and I had to get up early because she was going to have a make-up trial session. I took pictures while she was being made-up and so it was easier to decide which look was best for her. I also had to prepare my MOH speech and I'm glad I was able to deliver my speech without my voice trembling so much out of nervousness. Hehe :)

Finally, I attended the Money and Wealth Summit 2012 last week together with my boyfriend. It was my first time to attend and I really learned a lot. I think I want to try out forex trading and later on gold investing. I plan to enroll in Mark So's Complete Forex Trading Course and set-up an account in FXCM Of course I have to power up my savings first and I have begun to do that by setting up an automatic savings account. Unfortunately, I don't have an emergency fund yet so I have to save that up first before I dabble into the riskier forms of investing. I also met the 9 to 5 Millionaire, Leila Hernandez, and I want to emulate her so I bought a copy of her book and workbook CD. Maybe one of these days I'll also attend her workshop and intensive training. Another good thing I was able to take away from the wealth summit was that I was able to submit an application for a housing loan. My condo balance payment is due next year and I want to be able to compare what rate I'll be able to get from my bank against what will be offered by the affiliated bank of my condo developer. Right now I'm researching what the best is for housing loan rates and terms. I hope I make the right decision this time because I got burned the first time I got a condo, I opted for in-house financing because I didn't know any better :( But past is past, that condo has already been fully paid and I've learned from my mistake. From now on, it's just brighter and wiser investing decisions for me :)

Reflections on "My Maid Invests in the Stock Market ... and Why You Should, Too!"

Here are my notes and reflections on Bo Sanchez' "My Maid Invests in the Stock Market ... And Why You Should, Too!"

Envelope System
1. First Envelope - Tithe Fund (10%)
2. Second Envelope - Expense Fund (Food, Gas, Bills, Mortgages, Entertainment)
3. Third Envelope - Support Fund (for the family)
4. Fourth Envelope - Emergency Fund (6 months living expenses)
5. Fifth Envelope - Retirement Fund (pension plans, mutual funds, stocks)

Four Rules of Making Millions in the Stock Market
1. Invest Small Amounts Every Month for 20 Years or More
- Invest, not trade
- Take advantage of Money-Cost Averaging
2. Invest Even When There's a Crisis
- A crisis is a wonderful buying opportunity
- You can buy the stocks of great companies at cheaper prices
3. Invest Only in Giants
- this way, you'll be assured that when the stocks go down, they will be able to bounce back
4. Invest in Many Giants
- diversify your stocks

Nothing much to reflect on because I know most of this stuff already. What I took away from reading this e-book was the renewed desire to invest in stocks. I thought to myself, "I learned about stock investing five years ago, why didn't I try it then?" Then it occurred to me, I had no extra money then. Now that I have a little money I can set aside monthly and forget about, I think it's high time for me to start investing in the stock market. My goal is to have a net worth of 50M when I retire and I believe stock investing will play a great part in helping me reach that goal. I just have to have the discipline to buy stocks regularly and keep them. This is why I signed up for an account in CitisecOnline.com (COL). I sent my application forms last week, funded my account today, and tomorrow I can already start investing!

As if this is not enough, I have another secret weapon that will urge me to invest in stocks regularly and wisely. Being a member of Bo Sanchez Truly Rich Club, I get to receive his monthly Stocks Update which tells me what great companies to invest in, or if I'm more aggressive and have the extra money, what growth companies to look out for. This way, I don't have to waste my time researching about each and every company in the stock market; I'll just do my due diligence on the shortlisted companies and pick what I would like to invest in for that month. Good thing I already received my Stocks Update the other day, I can go right ahead and choose the lucky company for my first stock investment. Now if only I can remember to log in to COL tomorrow from 9:30am to 12:10pm :)