SM is planning to merge SMDC with SMPH. As you may have observed, the stock price for SMPH dropped. Now, SMDC's current price is 8.48. Think about it this way, if we get the average of the 2 stock prices, what happens? 18.46 (SMPH) + 8.48 (SMDC) / 2 = 13.47. Thats what market psychology is thinking and that is actually what's going to happen.
For now, I advise you to put SMPH on hold. This is a good thing! If SMPH and SMDC merge, they will become the largest land developer in the country (SM Land). Just hold on and don't add for now.
A few weeks ago, I was very fortunate to have been invited to talk to new friends about investing in the stock market. Thank you for the invite and I hope your investments are doing well.
This brought to mind my state of thinking when I was just beginning to invest. I remember being all excited thinking "I'm gonna be rich!". Yes...in-time.
I remember checking out stock prices everyday, and resented the fact that I didn't have additional money to add whenever the market went down.
I recall when I made my first P500 I was so happy, I bought a magnum ice-cream bar to celebrate.
But after awhile, I got so busy with work that I forgot about monitoring the stock market everyday. I also lost some excitement because of the market's slow movement. I would check the newspaper during lunch and check prices really quick. I even missed selling 2 stocks when it hit TP!
And you know whats so funny? It was at that time that my portfolio grew the most. Why? because I wasn't meddling. I wasn't stressing myself over stock prices everyday. I somewhat didn't care how my stocks were doing. I didn't move in and out of different stocks. I just let my portfolio be...
I just knew that the stocks I had at the time made me content. That those companies were solid companies and that my fretting over prices everyday actually didn't make a difference whatsoever!
Right now, I know you are feeling all those things. Checking the market everyday... wanting to add more capital when the market is down so you can buy more shares...
But forget it. Let your portfolio be. Just follow your pledge of adding capital everymonth/quarter/year and leave your stocks to grow. Whats better is you don't even need to water them!
May God bless your investments!
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