Having the BADLY NEEDED Tenacity to Hold My PSEi Related Investments During INEVITABLE Paper Losses

I decided to do a portfolio review, especially because Christmas to New Year is around the corner. I thought about checking my AXA Chinese Tycoon Fund. For the sake of confidentiality, I wouldn't give out the exact loss. I was tempted to sell my AXA Chinese Tycoon Fund (which was at a paper loss, not an actual loss) and go for cryptocurrency. However, after looking at the ghost of Quadriga-CX Crypto Scam made I said, "I need to stick to what Warren Buffett said about the stock market."

Buffett's advice doesn't require an MBA or even a PhD in business administration to understand them. Instead, I was looking at these lessons that Buffett such as:

If I'm not willing to open to own a stock for 10 minutes, I shouldn't think of owning it for ten years! Definitely no day trading for me!
The stock market is a device that transfers money from impatient people to patient people. I have to be more patient as the stock market inevitably corrects itself, unless the Philippines becomes another Venezuela (hopefully not).
Be fearful when others are greedy and be greedy when others are fearful.

Looking at Bill Bakker video above, the real problem is that Bill hasn't been looking at the stock market. The NAVPU of the equity-based investment is determined by the stock market performance. If the stock market is at a bull market, the NAVPU is going to go higher. Given the events that happened, such as the Global Financial Crisis, Baker wasn't thinking clearly. I also wasn't into stock investment in 2008 either. It's sad but true, but business schools never taught students to invest in stocks when it's not rocket science!

I realized that if I sold my AXA Tycoon Fund to invest in cryptocurrency, here's what I'm doing:

The paper loss (which was more than half of the invested amount) becomes an actual loss. The value of the investment is dependent on the PSEI score.
If I moved that actual loss to cryptocurrency, I'm actually putting myself at the risk of regambling, which means I'm going to lose more than I win. Cryptocurrency is gambling, not an investment!
In short, it's a massive opportunity loss to fly from the temporary setback with a professional company, to something that the late Charlie Munger compared to an infectious thing. The figures of speech could almost be taken so literally that every time I think of cryptocurrency, I'd ask myself, "Do I want to get infected by an open sewer?"

It's all about patience once again!

Teaching Mandarin by Recalling How Much Chinoy School Students Complained, "Hay, Chinese!"

It's time for a bit of Chinese language Throwback Thursday. I remember how the Chinese school can be summarized as students memorizing without understanding . The problem wasn't the Lǎoshīs (老師) but the system that ran them as persons . I decided to write this article to " bring up a trauma " associated with the Chinese education system. From Kiko Chinese, this picture shows the common complaints from children. Standard Chinese is so hard! The Chinese schools tend to lose students because they keep failing in Grade 2 or Grade 2 in Chinese. In fact, I remember someone failing Chinese four times back in the 1990s. Another one was three years in Grade 3 Chinese, where the Chinese teacher was even stricter than the Grade 2 Chinese teacher. The real issue was that there wasn't any real learning because the old traditional Chinese system wasn't doing anything right . People were treated as if Hokkien were their first language. However, we realize that people can...

Real Talk: No MNCs In Their Right Mind, Would Ever AGREE to That Ridiculous 60-40 Proposal

Here's another art I found on Facebook. Some time ago, I wrote about how the 60-40 policy may not prohibit, while still discouraging FDIs from entering . It's plain common sense, really, that nobody would want to rent a space if they had to part with 60% of their net profits to the lessor (read here ). It annoys me to think that certain Netizens on Facebook are still blaming government corruption over the 60-40 policy. That can get annoying. I can link the 60-40 policy to government corruption . After all, corrupt officials want to perpetuate their stay in power through an ignorant and impoverished population. However, blaming corruption alone is really downright stupid. Some say investors are going to Communist Vietnam because the Communist Party of Vietnam-Vietnam People's Army is serious about cracking corruption. However, the reality is that, ironically, Communist Vietnam has more reasonable economic restrictions compared to the Philippines (read here ). Only a few sec...

Communist Vietnam's Great Leap Forward in Agricultural Production

I remember reading through Third World to First by the late Lee Kuan Yew. It's very easy to use the book to badmouth the Marcoses but not to learn from the rest of it. The book also talks about Vietnam and LKY's encounter with the late Nguyen Duy Cong aka Do Muoi. It's often said that Singapore only opened because of its lack of natural resources. On the contrary, Do Muoi decided to learn from Singapore how to turn the Communist Party of Vietnam into a powerhouse. Do Muoi, though a communist , was impressed by Singapore during his October 1993 state visit. Vietnam, unlike Singapore, is a country rich in natural resources. The third-world mentality said that MNCs are there to rape the resources . A very huge misconception especially if you know Singapore's history Some Filipinos on social media even say that FDIs will destroy agriculture and nature. This is a meme by the Philippine Anti-Fascist League on Facebook. They say that FDIs equals environmental degradation. Yet...

Venezuela as a Cautionary Tale on #SahodItaasPresyoIbaba, Nationalistic Pride, Welfare State Economics

The Sunday Guardian Years ago, I wrote about Venezuela's pride and protectionism , under a more "formal" style of writing compared to my latest posts. I decided to use an even "less formal" and "less academic" tone since I'm not writing a term paper. Instead, it's like how a professor and a student discuss the thesis using first person over third person, using contractions, etc., while the thesis doesn't use such tones. Back on track, I thought about the arrest of Venezuelan President Maduro can spark debate. Was it a violation of sovereignty? I'm no expert on international law. However, Venezuelans can be seen celebrating Maduro's arrest. Right now, I'm using Gemini AI and Google search to help me find some sources for this blog. It's because I don't want my blog to become another gossip central, but a place to discuss facts with my own personal opinions (making sure they don't derail the facts). I used Venezuela ...

Kabataan Partylist Seriously Needs to Learn ECONOMICS from the Ho Chi Minh Communist Youth Union

Vietnam National University, Hanoi Kabataan Partylist, is that you? No, it's actually the Ho Chi Minh Communist Youth Union (Đoàn Thanh niên Cộng sản Hồ Chí Minh), or alternatively, it can be called the Vietnam Youth Union . The color blue may remind some of Kabataan Partylist. Both Kabataan Partylist and the Vietnam Youth Union are involved with recruiting youths into the organization. However, there's a crucial difference between Kabataan Partylist and the Youth Union in how they view economics. The Kabataan Partylist Laguna's blog even writes this: It believes that the Philippines, as a semi-colonial and semi-feudal country, is plagued by a system which allows foreign and big business interests to dominate, while the majority of our countrymen are left poor and hungry . We are living in a society where foreign subservience, peasant landlessness, and rampant corruption are the top three ills. To that end, Kabataan Party-list strives to galvanize the Filipino youth in u...

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