Today is the first day of June and here I go with reviewing the developments that I made over the last month of May. I’ve been seeing the uptrend in the stock market over the last few weeks. The Philippine Stock Index is reaching 2,400. And this means good news for me since I have some investments in stocks both directly and indirectly thru Unit Investment Trust Funds and Mutual Funds. Because of these developments, there has been a huge jump from last month’s figures. These

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Becoming a millionaire involves discipline, hard work, and financial education. A lot of us are dreaming to become a millionaire and I was one of those. That is why I simply created this blog entitled Millionaire Acts – to know how a millionaire acts and to mimic their success. Based on the book that I read entitled “The Millionaire Next Door” in which the authors conducted a study on how millionaires live, we can deduce what these millionaires undertook to achieve their

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Today is the last day of the month of April and this day April 30 is a very special day. Why? Because it is simply my BIRTHDAY! I just turned 26! Quite old enough huh? Anyway, since this is also the end of the month, I would like to follow up the developments with my financial goals as this blog is about to witness all my success in the career and financial side. I thank God for all the blessings He’s been giving me. Thank You Lord for another year of my life.   Careerwise, I was

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As we end the month of March, here is another update when it comes to the developments of my financial goals. Last month of February, I did not provide networth developments since there was no movement back then. This month of March has been one of the most remarkable months for me when it comes to the developments of financial goals. Here are the updates for the month of March which moved me closer towards achieving my first ultimate financial goal. Stocks. Apparently, the latest news on

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The month of February has ended and it’s time for me to make a post on my recent developments. As I am making this post, I was quite dismayed by the fact that when I visited bloomberg for updates on what’s happening on the financial markets all over the world, I was surprised to see a series of bad news about the global recession: First, the Dow Jones Industrial Average (DJIA) in US set another record low falling below the 7,000 mark for the first time since 1997. Second,

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This is my first networth update for the start of this year of the Ox. Kong Hei Fat Choi to all my readers especially to my avid readers. Happy Chinese New Year to all! Among my readers, there were two that stood out. Thanks to someone from Brampton Ontario Canada who visits my page everyday and had a total of 62 returning visits. And also to someone living in Dubai United Arab Emirates who also visits my site often having a total of 23 returning visits. And to all other readers, thanks for

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It has been 2 months now since I first updated my portfolio of investments last November 2008. I’ve been recently updating myself with regards to the Stimulus Plan being implemented by the US Government to combat the effects of one of the worst financial crisis of all time and to bring the whole economy back to its “normal” operations. The Government plans to “pump prime” the economy to boost consumer confidence so that businesses will benefit from it. The plan

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Happy New Year to all!! This will be my first post for this year. This year 2009 is the Year of the Earth Ox. According to Chinese Feng Shui, the Ox is a symbol of prosperity through hard work. It is a sign of a leader possessing an ability to excel and to achieve great things. A lot of us have new year’s resolutions, goals and wish list each new year. Each new year means new life and new goals. It is a time to change bad attitudes, time to persevere more, and time to achieve more

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Today is the last stock trading day here in the Philippines since there will be a long vacation in celebration of Christmas and New Year from December 25 to January 4. This is also the time that I will update my networth for the month of December. I’ve been monitoring my stock trading portfolio from time to time and definitely it is a bear market with market value turnover of less than a million. I invested at the wrong time.   Since this will be my second update, the basis of

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I first learned about stocks two years ago, that was in 2006. But then I did not take it seriously. The first trade that I did was a JFC stock thru BPI Trade, the online trading platform of BPI bank. I remembered, I bought 100 shares of JFC at above market value back then just to have a match with my buy order because I have been placing my order for a few days already but there was no match. The market value was Php 42 and I bid for a buy at Php 44. Presto! It’s an instant match! But

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As discussed in one of my previous articles, we must invest in order to fight inflation. But is it the right time to invest considering the effects of the global financial crisis that the world is now facing? Before, our problem is inflation. Oil price reached above $120 per barrel. Analysts and economists quote this as stagflation, a condition in the economy in which inflation and economic stagnation occur simultaneously. Now that inflation has greatly decreased with oil price reaching below

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Today is the end of the month of November. As mentioned, I will start updating my networth monthly to keep track of my developments. This will be my first post on its update. As of now, there’s still no basis for comparison so I will use the original principal amount for investments and for cash position, the basis will be the month-end cash position for the previous month of October. So again, networth is simply defined as: ASSETS - LIABILITIES = NETWORTH Our aim is to increase

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Just like any other personal finance blogs that I visited, I will start providing updates on my networth and this blog will be a living witness as I increase and improve my networth until such time that I retire. As of this writing, I am on my silver anniversary of birth in this world. But first of all, what is networth? It is simply defined by this equation. ASSETS - LIABILITIES = NETWORTH Based on the equation above, an increase in assets corresponds to an increase in networth.

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