Everything in the Philippine stock market is on sale!
There’s a global economic telenovela, and we’re seeing it unfold right in front of our eyes on TV and in the newspapers. In times like this, those who do not understand will suffer. Those who are financially wise—like TrulyRichClub members—who will become richer because of the crisis.
For those who are new in the world of investing, this advise is invaluable.. Consistent investing with a goal using money cost averaging can slowly and surely build your wealth in the long term, but there are opportunities like what is happening now that can quickly catapult your finances and help you attain your goals much faster.
You can start your stock market investing journet by getting and reading Bo Sanchez’ free eBook My Maid Invests in the Stock Market or joining the TrulyRichClub.
Here’s the full text of an email from Bo Sanchez I got last July 10.
Stock Alert: Keep Your Cash For Now
I just came from Australia. I preached at the Grand Feasts in Sydney, Melbourne, and Brisbane. Awesome time.
But on the first day I was there, their stock market dove by 2% in the first hour of trading.
These are crazy times.
And it’s during these crazy times that I thank God that you and I are long-term investors. We can sleep amidst the storm.
Friend, there’s a global economic crisis today—and we’re seeing it unfold in front of our eyes. As always, it’s the financially ignorant who will suffer in any crisis. And those who are financially wise—like TrulyRichClub Members—who will become richer because of the crisis.
Why Is This Crisis Happening?
Yesterday, I had lunch with my Mentor in a quiet Makati restaurant, and he gave me his take on what was happening.
First, debt-ridden Greece is deciding whether to leave the European Union—and not fulfill its debts. It’s like Mr. Greece telling his EU creditors, “Sorry guys, I’m bankrupt. I can’t pay you anymore.” If Greece takes this option, they’ll tighten their belts, brace themselves for a crash, and from the ashes rebuild their country again. Without the Euro.
Right now, it’s not a pretty sight in Greece. Banks are closed. The Market the closed. Groceries are empty.
But my Mentor explained to me that the bigger problem is not Greece, but the contagion that can happen in Europe. Because other countries who have similar debt problems—Portugal, Italy, Ireland, and Spain—may also opt out of the Euro. Question: Will the European Union allow that to happen? As I write this, negotiations continue—and the world watches with baited breath.
The second source of the global crisis is China.
In the past 3 weeks, the Chinese stock market has nosedived by an unthinkable 30%. Reason: In an effort to prop up its stock market, they allowed people to borrow heavily to buy stocks on a large scale—which is a clear recipe for disaster. Note that China is the second largest economy in the world, so its crisis is reverberating across the globe.
What Should We Do?
In the face of this scenario, we recommend you keep your cash—your monthly investments
Don’t buy anything yet—until we tell you to do so.
So relax. Sit this out and keep your cash.
We’ll start buying again. Soon.
Isn’t this great personal finance advise?
These periodic letters are just some of the benefits we get by being members of the TrulyRichClub.
A few days ago, he sent us this new advise:
Why don’t you guys give it a try? It is totally risk free, you can join and pay the fees. Download tons of material, including:
- free eBook “My Maid Invests in the Stock Market“
- free eBook “How to Conquer Your Goliaths“
- free eBook “How to Turn Thoughts into Things“
- initial stock pick recommendations
- audio of Bo Sanchez’ Truly Rich seminar
And if you are not satisfied, ask for a full refund within 30 days. KEEP WHATEVER YOU DOWNLOADED FOR FREE!
I joined in 2012 and it totally changed my life.