Just sharing stuff…
I read somewhere that until you have around ₱5M in savings and stakes you should not go all-in in high-risk investing like, erm, stock trading. 🙂 This is why in the past two weeks, I’ve been mulling over my own investment strategies. I hope to start and end the year right. The idea is to set detailed goals, to minimize errors. Last two years ago, all my savings and investments were placed in stocks alone. I was my own financial manager listening to some advice from friends every now and then. Although that has done me A LOT of good, I’m just realizing how precarious that was of me!
Although my portfolio as of 3:30pm today has already gained more than 10% since the beginning of the year, the performance of my holdings last week was way better than now. Talk about stochasticity! Believe it or not, I am only starting to see why it is still best to have some kind of bulwark, by placing the “eggs” NOT in just one basket. All I can say is that nothing beats having a peace of my mind.
My idea is to place my hard-earned money in both stocks and funds; moreover, I will also set aside something for health insurance. The budget allocation would look something like this
Of course, the bulk would still be placed in stocks because in the last two years, I have outperformed the market and the different MF firms. It would be disadvantageous if I reduced my exposure to stocks significantly.
What do you think?