After weeks of a sideways market leading to losses which reached -6% at some point, my stocks finally showed a profit at a solid 1.28%! Woohoo!:p
If I cash out now, I can buy myself a nice juicy burger or two, except that I don’t eat fastfood anymore after my recent medical scare.
Seriously though, it’s great that my stocks are now on the upswing and one stock (MEG) is even slowly inching its way to the buy below price pegged by Bo Sanchez. If this trend continues, I can stop buying MEG in a few weeks and transfer my monthly budget to another stock.
Even CEB which dipped to -8% before is now at a more attractive -2.46% but it’s still way under the Php90++ peg.
My other stock was recommended by my insurance agent and it’s sadly neither here nor there. Come on Mwide! Make me proud!
I know that long-term stock investing means that I shouldn’t closely monitor my stocks because the daily performance won’t really matter in, say, 5 years. But I just can’t help logging in at CitiSec everyday to see my portfolio’s performance at closing. I even jot down my stocks’ performance on a small Post-It and then line these Post-Its on my filing cabinet for easy viewing.
Anyway, here’s hoping that the upward trend continues but that a dip happens around the time I buy more stocks….hehehehe.