why plans are important, and why following them is so much more

OK, I fancy myself as a sophisticated investor. Two weeks ago, I was proven way, way off mark. Here's what happened ...

I have this small notebook I carry with me anywhere I go. This is where I wrote the stocks I want to buy at how much and how many lots. But hey, plans go awry. A plan that I didn't stick with made a deep hole in my pocket.

I wrote in my little notebook that I wanted to buy 20,000 (0 lots) of Filinvest Land, Inc. (FLI) at 0.70. At that time it was selling at 0.80. When it went down to 0.76 I got so excited, I throw caution to the wind and bought at market. Yay! Two weeks ago, FLI's nose diving tour continued and seemed the end is yet unreachable.

I learned my lessons well. STICK to the PLAN and PROSPER. So, the next plan is EDC at 3 board lots at P3.50.

(source: www.pse.com)
Chart for FLI based on closing prices

An Epiphany of Money

e piph a ny (noun) [i piffenee]
a sudden intuitive leap of understanding, especially through an ordinary but striking occurrence (Encarta)

I just had an epiphany, few days before my 28th birthday - four days to be exact. Yes, I will be 28th the day the Beijing Summer Olympics open.

My epiphany is this - I am not getting younger, and yet I still don't have a million pesos under my name. True, I have earned millions since I started working, but where did ALL that go?

Of course, I know where it all went. I have spent them all on shoes, dresses, senseless books, trips, foods, etc., nothing to brag about and nothing to help me in my old age (ehem), but there you go - ALL my earnings blown away.

I want that first million pesos - financial gurus say that the first million is the hardest to have, the next millions are a breeze. Hence, I created this blog - my first million - to chronicle my journey in putting a million under my name. Yes, it is symbolic, but I won't stop at a million, but it is my first step. My first million is just a title, see. As I face the world everyday, I will be looking at the goal always and I hope that soon I will attain it.

Cheers!

[picture is from http://blogs.sfweekly.com]\