Stock Market and Truly Rich Club

I am an electrical engineer and my knowledge about financial literacy and investments are very limited. I started to literate myself around 2004, I read some books of respected authors and bought magazines about businesses. In the books I have read, they said that the stock market has the highest interest rates but also has the highest risks. So I did not mind about learning more about stock market investing. Years have past and there was a time (I think around 2010) I visited a bookstore and I saw a little red book by Bro. Bo Sanchez titled "My Maid Invests in the stock market, and why you should, too!", I finished reading it fast because it is short and the idea of investing on the stock market was explained clearly. I subscribed in his group truly rich club but I was still hesitant to start investing on the stock market. I received inspirational books and articles about spirituality, personal development, relationship and stock updates. 

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We attended free seminar hosted by citiseconline to further enrich my knowledge on stock market investing. When I started investing on the stock market, I enrolled an account on citiseconline / col financial the opening amount is 5,000 peso and we started to invest only on  giant companies and started investing monthly with small amounts to implement cost averaging. I renewed my subscription on  truly rich club so I can receive also stock updates on SAM (strategic averaging method), on SAM stock updates, they are giving advice whether it is advisable to buy, stop buying or sell a specific company. They have a target price, if the price of the company has been reached on the market, they will advice to sell your share so you will earn some. These sounds like you are TRADING the market rather than INVESTING, but these are still investing because you are only putting your money on giant companies. The companies that is recommended by truly rich club and citiseconline. In citiseconline / COL Financial they have the EIP account (easy investment progam), these is where you will choose a giant company and invest in them monthly to implement the cost averaging method, you will put your money on them for the long haul. These is INVESTING for a long period of time.

I came across on facebook thread about a these two, EIP  and SAM

"So what’s the difference between the EIP and the SAM since many people seem to be confused with it?

EIP is really for a more of a long term strategy which does not require any form of monitoring. Park small amounts regularly and just use that to buy shares of a good business.

The SAM is still long term, but more of medium to long term. It entails some minimal monitoring. Kailangan mo tingnan dahil may buy below price, or naabot na ba yung Target Price. So it’s still the same in the way na you buy every month, but you have an additional step na tingnan kung the stock is still the buy below price. Then you also have to check if naabot na ba yung target price which would signal you to sell.

From: Mike Viñas, Corporate Accounts Officer, Head of the Relationship Management Group of COL Financial"

Coming across on Bro. Bo Sanchez book and subscribing on his club, I was liberated from fear about stock market investing. At present I bought some small amount of shares on the company listed on the SAM since I subscribed on truly rich club. I am not expert about stock market, so their advice to buy, stop buying and sell about the companies listed in SAM is very useful.

Planning the future for financial freedom is also a part of enjoying life. Having abundance will make our lives more happy and blessed. If we are happy and and blessed, we can help others more easily. If you want to subscribe on truly rich club you can click here.

Enjoy Life and By Happy c",.)