Here is a stock alert from the truly rich club c/o Bo Sanchez. Yesterday, the stock market begins to decline. Some of my favorite stocks are in red zone (loss/negative). But I don’t need to worry because I bought shares of gigantic companies that will surely last 10-20 years from now. I hope you’re doing the same. By the way, here’s the stock alert to keep you updated:
I just thought of consoling you today. Especially if you’re new to Stock
It was a beautiful “red” day yesterday at the Stock Market. All our
favorite Stocks were down. Some new TrulyRichClub Members were probably
worried, asking themselves, “Oh no. Why is this happening? All my nice
profits are now all gone! I shouldn’t have listened to Bo Sanchez!”
Relax. I assure you: Your profits will come back. Just wait for a month
or two, and those profits will return, bringing a few more pesos with
Last month, we mentioned that these “down” days were coming. (Remember
our analogy of a runner who has climbed up the mountain and now needs to
rest for awhile? That’s what’s happening now. The Stock Market rose up so
much since January, it needs to rest a bit.)
We foresee that this downward and sideways movement will go on for 3 or 4
or 5 weeks. (No one really knows exactly when.) This is a beautiful time
to go shopping and buy our fantastic companies at cheaper prices.
Someone asked me, “But Bo, what if the share prices goes even lower 3
weeks from now? Shouldn’t I just wait for that time before buying?”
My answers: First of all, we don’t know what will really happen 3 weeks
from now. (Ours is simply an intelligent guess.)
And 10 years from now, it won’t matter much. It’s up to you when you want
to buy—now or two weeks from now or three weeks from now. The important
thing is that you faithfully buy EACH MONTH.
Have fun shopping at sale prices.
May your dreams come true,