Stock Update as of September 3, 2013

Whew! It has been awhile and I apologize for that. The whole month of August was quite busy for me. Anyways,  on to the update.

The PSE opened today at 6,072 and ended at 6,083 for a 22.11 point gain or  0.36%. Not much...

We are finally nearing the end of August Ghost month, or as others call it, Aughost month. MBT declared a 30% stock dividend and the ex-date was last August 29, 2013. Thats why there is the sudden drop of price by 30% also.

If you see your MBT portfolio red by 25%, relax. The additional shares haven't been credited just yet and the new shares will be credited to your account on September 16, 2013.

Now on to the table...

As you can see, all prices have gone down if you compare it to my August 29 stock update. The Ber months are now approaching (september, october, nov, dec.) so we ought to be seeing these stocks go up, BUT DON'T BUY TOO MUCH.

You may be wondering why the BBP levels have gone down. I increased the gain rate from 15% to 25% so that we will not be chasing prices to higher levels.

I'd advise you to buy minimally or by board lots only. Why? We need to wait on America's decision on whether they'll go to war with Syria or not...and yes, our stock market will be affected if they do go to war with Syria.

So be cautious for now because to be honest with you, this is the WORST ghost month I have experienced.

Remember to set your cut loss prices. Mine is -20% for stocks I am confident in, and -8% for stocks that I am not so confident in, unless you have nerves of steel. If you do have nerves of steel, then continue on with the Peso Cost Averaging method of investing. Why? Because 10-15 years down the line, these dips will not matter.

As for me, I'm going to be adopting a change in strategy and you can read all about it here: A Change in Strategy.

Caveat Emptor! And May God bless your investments.

~Crimson