Tag Archives: Recession

Why I Got Out of the Stock Market

May 15 11:23 pm ,

Harvest Time

One year.  That was how long my relationship with the stock market has been.  But there was a pre-story, which was training, lots of training, before I found the heart to jump in and play for real.

And to jump out too.  But first things first.

Flashback to 2008.  Giddy and excited and with fake money at hand, I started with the online stock exchange (it offered a practice account).  Prepped by my financial planner, pumped up with some reading I had done here and there and some monitoring of the market, I found I gained some fake USD$600 in a few months.  But I since I was in no real danger of getting poor or rich, I soon found myself bored.  The market bottomed out too, wiping my gains, but ironically, it was also the perfect time to get in for real, to play for real.

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Posted in: Financial Education, Stock Market, The Basics of Finance, The Philippines , Tagged: , , , , , , , , ,

Solving a Finance Problem

January 16 11:35 pm ,

 

Dissect, Analyze, Solve

Something bothered me.

I was looking at my financial duties for 2010, staring as far out as December, when the imminence of what I have to pay struck me: huge life insurance premiums.

Do you have the thought that sometimes you may have bitten more than you can chew?

Years ago, when I bought those policies, business was good and was not yet bogged down by recession woes.  I felt I could do anything – be anything, buy anything.  My financial planner convinced me of the wisdom of obtaining life insurance (my second attempt at it).  For peace of mind, she said.  And I did have it.  I remember thinking while driving one day that my family will be okay if…  But now, that same thing that gave me peace of mind is shattering it.

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Posted in: Financial Education, Financial Planning, Insurance , Tagged: , , , , , ,