Truly Rich Club and the Stock Market
Friends have been asking about the Truly Rich Club of Bo Sanchez, and you're probably wondering if it's still okay to start investing in the stock market.[an error occurred while processing this directive]
Well, the best time to start is right now.
Each day, month, or year that you put off stock investing will simply tend to lower your future retirement earnings. So go and start today.
Did you know that the maid or kasambahay of Bro. Bo invests in the stock market? Even Bo's driver placed some of his fund in stocks after seeing the experience of the kasambahays.
And listen to this: Bo's kasambahays are investing P2,000 each month in the Philippine stock market.
How can they do that, you may ask, if most kasambahays earn only P2,500 a month?
I'm guessing Bro. Bo's kasambahays are earning around P7,000/month in salaries, and are setting aside P2,000 for stocks and P2,000 for emergencies (e.g., funds to help their relatives) which leaves them with a net salary of P3,000 a month.
How about you? Do you think you can set aside P2,000 each month and invest that in the stock market over a period of 10 to 20 years?
Here are the quick steps:
1. Apply for an account at CitisecOnline.
2. Fund your account with P25,000 (or about P2,000 x 12 months).
3. Join the Truly Rich Club of Bo Sanchez.
4. Read the twice-a-month Stocks Updates of Bro. Bo, where he shares info on which stocks to buy, and which ones to sell.
5. Act on the information. Buy stocks which are affordable, and sell those which are nearing their target selling price.
I spoke with some relatives recently and found out that they use the "Buy and HOLD" approach. In other words, they bought shares of stock in blue chip companies years ago (as in: 30 years ago), then simply held on to those stocks.
In the future, they plan to sell those shares and enjoy the money in their retirement years.
Inside the Truly Rich Club, however, you'll discover that people are using a different approach to long-term stock investing. It's not simply "Buy and HOLD."
It's buy when the stock is quite inexpensive, and sell when the price is high enough. And what's great is you'll get the info twice a month via email.
Some of you might be thinking about those short-term stock traders who always watch and analyze the stock market indicators on practically a daily basis. You may have even heard of tsupiteros who buy stocks and then sell them within 2 weeks.
Well, we don't need that kind of pressure, right?
We will simply open the easy-to-read stocks update (just 2 emails a month) sent to Truly Rich Club members, and then act on the information by logging online and buying/selling stocks.
(That's only 27 minutes of your time each month.)
When the stock we bought goes up near the target selling price, we will simply sell those stocks and use the money to buy other attractive yet affordable stocks, and wait for those to also rise.
Resist the urge to take that money and splurge on game consoles, gadgets, travel, or other stuff. Besides, you can set-up a fund for those things.
As far as your stock investing goes, set aside your stock market fund (remember the kasambahays with their P2,000 a month fund) and use those funds to grow your earnings over a 10 to 20 year period.
If you're in your 40s or 50s, you'll probably have around P10 million when you retire at the age of 60, assuming you invest P5,000 monthly and assuming the stock market grows by 20 percent.
If you're in your 30s, the target goes up to tens of millions.
If you're in your 20s, that goes up to around P200 million.
And if you're only 15, target P1.0 billion - thanks to the power of TIME.
So, when is the best time to invest in the stock market? Right NOW.
For more information, or even if you're simply curious, check out Bo Sanchez and his Truly Rich Club.
Panuorin Mo Ito...
Visit SupremeWealthAlliance.net ~ Kumita sa Internet, Kahit Super-BUSY Ka
Get In Touch With Manuel Today
About Manuel Viloria