Skip to main content

Why I'm Glad I Didn't Pull Out My ATRAM Global Technology Feeder Fund Just Yet

I do have the nasty habit of checking my portfolio on a daily basis. It's sort of me choosing between buying more units of participation or is it the time to sell here? When I mean time to tell, it's not about panic-selling but selling it because I want some cash. Last year, I wrote about why I'm also investing in ATRAM's Global Technology Feeder Fund. I've noticed that the NAVPU has increased and it may reach up to PHP 270.00 or even up to PHP 300.00. I'm still invested in the ATRAM Global Consumer Trends Feeder Fund and the Philippine Equity Smart Index Fund. It's sort of like not putting all my eggs into one basket. Also, I'd like to say I finally paid my five-year plan with AXA Chinese Tycoon Fund.

I did plan to pull out my ATRAM Global Technology Feeder Fund ASAP. It was because I was planning to buy myself a UPS because of the voltage fluctuations. I bought the UPS because I have big dreams for this site. Big dreams in the sense that I'll be able to raise awareness for the need for economic liberalization and literacy. I noticed the money I invested had a 10% to 15% increase. I wanted to pull it out. The moment I checked out on the investment--the ceiling price had increased. 


It's a good thing that I didn't think of stocks as a "get rich quick fast scheme". Many stock market horror stories happen because of people who think like that (read here). Instead of investing long-term, many of them prefer to ride on day trading hype. I even tried a day-trading simulator only to realize I could've lost USD 10,000.00 in real life (read here). As Warren Edward Buffett would say, the stock market is a device for patient investors, not impatient ones. I admit patience isn't really one of my strongest points, especially in a country of people who like to procrastinate. It's safe to assume most people who lost money in stocks participated in day trading hoping to make a quick buck. Others also invested the money they needed than the money they didn't need for the moment. Either way, stock market investing is something that needs extra patience.

Right now, I feel that the sales of new technology might make me earn more. In my case, I think the longest I'll hold my three ATRAM funds is five years. I feel that the value may go up any time soon. It pays off not to listen to social media gossipers. 

Labels:

Popular posts from this blog

The Good Old Days when Gasoline was Cheaper Under the Late Noynoy Aquino

Millennials' Voice I would like to clarify first and foremost that this post isn't an attempt to say that the late Benigno Simeon C. Aquino III's legacy was all bad. Some good things happened. However, let me be clear that it's stupid to say, " We don't need economic cha-cha because of the late Noynoy. " However, let me clear that I decided to write this because of a Facebook post called Millennials' Voice , which wrote this: Did you know that during President Noynoy Aquino's time, the price of oil in the world market was high, between $100 and $110 per barrel. But even with those high prices, gasoline and diesel at local pumps in the country were still relatively affordable.  Under President Duterte, world oil prices went up and down, from a low of $41 to a high of $101 per barrel. The big jump to $101 in 2022 happened because of the war between Russia and Ukraine.   Now, under the current president, world oil prices have gone up again to around $...
Read more

The Myth of "Invading" Other Countries Through Foreign Investors and Overseas Filipino Workers

BoardGameGeek Years ago, I could remember how "Filipino pride" seems to be required by the DECS. Some songs in the Filipino subject (or called Tagalog) tend to glorify it. One of the songs was called "Ako'y Isang Pinoy" (or "I'm Pinoy") feels ironic since it was played on an imported music player. We had discussions for years about how Overseas Filipino Workers (OFWs) are often the unsung heroes or the new heroes. The mentality kept going on with how people desired to take a particular course not because they wanted to--it's because they wanted to go abroad. Why I wanted to take Bachelor of Science in Information Technology (BSIT) was not just to impress people but also to go abroad . However, more people shifted away from BSIT either because they were eliminated (common cause) or because it was too hard for them. Some of them flat out admitted that they took BSIT in hopes of going abroad. Some were taking nursing in hopes of again-- going abro...
Read more

"Will #SahodItaasPresyoIbaba Economics Lower Philippine Gas Prices?

Inquirer Gasoline prices have increased again, haven't they?  A few days ago, I wrote  why #SahodItaasPresyoIbaba's view of gas prices is questionable . Today, I feel like writing this after several complaints on Facebook. I would like to create a follow-up post. People are complaining too much without understanding the real reason why some countries have lower prices of gasoline. Real talk. We need to talk about economic policies,  and  of course, please do a study on supply-demand analysis  on supply chain management . Let's examine the complaints made by Bulatlat Bulatlat Here's a chart from Bulatlat that compares the increase in prices of gasoline between the Philippines, Thailand, and Malaysia. It's always problematic when people ignore simple economics. It's funny, but Bulatlat mentions this on their website: Note also how expensive our diesel and gasoline products are compared to those of our ASEAN neighbors. The estimated common price today of diesel in...
Read more

#SahodItaasPresyoIbaba Economics' Understanding of How Gasoline Prices Work

International State College of the Philippines Today is Flor Contempacion Day , and rallies are expected. However, whether it's Flor's death anniversary or not, rallies are expected for the wrongest of reasons. I would like to address this photo from the International State College of the Philippines' Facebook page. The demands here are rather clunky and stupid. We have the following demands that would naturally clash with each other, such as: No to the oil deregulation law while demanding lower oil prices. This is simply ignoring the basic fundamentals of economics, namely the law of supply and demand . They say that oil companies are greedy for gain. These rallyists probably don't really understand the difference between revenues and profits . Let's understand the Oil Deregulation Law  The Oil Deregulation Law, or the Republic Act No. 8479 , passed on February 10, 1998, under the late Fidel Valdez Ramos. Here's how the liberalization works: CHAPTER II  LIBERAL...
Read more

Learning from the Late Lee Kuan Yew's Proving Protectionist-Driven Economists Wrong About Multinational Corporations

Reading the book From Third World to First is really a must. The late Lee Kuan Yew was faced with the mentality of the development economists of his day. Here's an excerpt from "Chapter 4--Surviving Without a Hinterland" which I'd like to share from Pages 57-58: After several years of disheartening trial and error, we concluded that Singapore's best hope lay with the American multinational corporations (MNCs). When the Taiwanese and Hong Kong entrepreneurs came in the 1960s, they brought low technology such as textile and toy manufacturing, labor-intensive but not large-scale. American MNCs brought higher technology in large-scale operations, creating many jobs. They had weight and confidence. They believed that their government was going to stay in Southeast Asia and their businesses were safe from confiscation or war loss. I gradually crystallized my thoughts and settled on a two-pronged strategy to overcome our disadvantages. The first was to leapfrog the reg...
Read more