Shaun T. Dy's Business & Economics Perspective Blog

CardCow.com Right now, I decided to monitor the stock market opening and closing almost daily. It looks like the bear market is far from over . I decided to Google "bear market not yet over". This is the latest report from the Philippine Stock Exchange Index (PSEi) website : The recent observation has some scores in green but the percentage changes are anything but significant. In short, the bear market is still on. It's a good time to buy more stocks (either through DIY or through a stock index fund). The PSEi's overall change is barely one percent. I feel Warren Edward Buffett's excitement right now since it might mean, "I'll probably buy in bulk yet again." In another case, the AXA Chinese Tycoon Fund will end up buying more units per month than it was during the bull market . I would dare say that the bear market is far from over based on the scores. True, they are in green (signifying an increase ) but the increase is far from significant.  This

CardCow.com I remembered one of the reasons why I was scared to do stocks was because of the day-to-day trading losses. I feel like the person I heard who borrowed PHP one million (and lost it) to invest in stocks must've done a day-to-day trade. One of the warnings Warren Edward Buffett gave is never to borrow money when you buy stocks. Stocks are not as liquid and they get hit by day-to-day fluctuations. Sometimes, the big gain in stocks happens after a certain period of time. Checking the feeder funds from ATRAM this morning made me think that while it's rising--there are still day-to-day fluctuations to deal with it.  An earlier post was discussing why I want to avoid day trading (read here ). I heard people emake money out of day trading. I decided to try a simulator  in day trading. It turns out it's not worth it. I already lost a huge amount of money to a bad customer. I felt every loss I made in the simulator was reliving that moment. Several times, the fluctuations

Above is a meme I found on Facebook a few days ago. I thought I'd not be writing anything for now. Instead, I was thinking of giving a "sequel" to my Intrigador Financials joke post (read here ). I feel the abundance of social media gossipers has given me the motivation to write another joke post. This time, it's the MARITES which means Master in Arts in Relaying Information Through Exaggerated Storytelling . We can all forget about getting a master's degree in economics. Instead, we can pretend that Intrigador Financials has now opened a financial literacy academy. We can start a new school of management with Intrigador Financials. Instead of a Master in Business Administration (MBA) or a Masters of Arts in Economics (MA Econ)--we can imagine having a MARITES graduate school program from none other than Intrigador Financials. I was thinking about how Intrigador Financials' MARITES program will try to develop financial literacy. Chances are their preferred mod

It would be interesting to think about how people got into cryptocurrencies like Bitcoin. I watched the documentary Trust No One: The Hunt for the Crypto King on Netflix, (read the review here ). The documentary really showed this one fact--social media gossipers make poor financial advisors (read here ). The trend to join stuff like the Quadriga-CX scam or how Ruja Ignatova (who's still missing and probably still alive) got a huge following.  BBC News also shows how Ignatova's Bitcoin following was developed by social media gossip : Why have so many people continued to believe in OneCoin, despite all the evidence?  Investors often told us that what drew them in initially was the fear that they would miss out on the next big thing. They'd read, with envy, the stories of people striking gold with Bitcoin and thought OneCoin was a second chance. Many were struck by the personality and persuasiveness of the "visionary" Dr Ruja. Investors might not have understood the

I remembered writing some time ago about people who panic sell (read here ). It's amazing how these know-nothings try to show themselves as "financial managers" (read here ). I find it really amazing these people talk like they know better than Warren Edward Buffett. Months ago, I remembered this was what the stock market looked like... Business World Online There were lots of panic and sarcastic yeheys when the figure above happened last May 2022. I'm amazed at the economic literacy of the comments in regard to the stock market's status . I bet these people bought stocks in bulk when everything was in green. I bet they were expecting that all the money will return fast. Though, there's the possibility that these people were doing day-to-day trading--something that I wouldn't recommend (read here ) I think they want to get rich quick out of stocks. Chances are they probably sold all their stocks at a loss and are probably gambling instead (read here ). Som

One of the biggest misconceptions that I kept hearing is "Investment is only for the rich." It's a very common thing when I told some of my fellow Filipinos to learn to invest their money. Why is investment often thought of as "just for the rich"?  Here are some reasons I feel are  misconceptions that many Filipinos have   concerning investments: Investment is often thought of as investing in huge amounts of money. This has been true whether the investments would be bonds, stocks, and/or insurance.  Investment is often thought of as building a million-dollar business.  It's very easy to hear the statement, "Invest? I don't have a million pesos!" This brings up the irony that I've observed about turning down investment in favor of gambling (read here ). I remembered laughing while writing that article (all the while I was having my house repaired). Are they waiting until they win a million PHP in the lottery, jueteng, mahjong, etc. before th

Today is the 13th death anniversary of the late Maria Corazon S. Cojuangco-Aquino. Fidel V. Ramos at the Makati Medical Center on July 31, 2022 . Ramos' health was already failing. Having been born in the 1980s means that I would've passed through childhood with the late Mrs. Aquino and the late Ramos. I was too young to understand back then. There was the study of Philippine history for more than six years under the old curriculum. The civics and culture subject studied the rights and duties of citizenship, and Filipino culture. In Tagalog, it was called sibika at kultura and the subject was taught in Tagalog for the first three years of my life. Mrs. Aquino stepped down and Ramos became the president shortly after.  Ramos' legacy in the eyes of Singapore's great leader, the late Lee Kuan Yew I was reading through Lee Kuan Yew's masterpiece From Third World to First . There were also lessons about what Filipinos can learn. Sadly, some people read from it only to di