We were so happy a week ago (January 28, 2013 to be exact) because the Philippine Stock Exchange index rallied to 6,192.42. Remember a week ago when I wrote “While We’re Taking Profits, You’re Still Not Investing”?
Well, where are we now? PSEi reached 6,470.49 today lang naman, Sir Chief fans. That’s 278.07 points up in just a week.
This is to debunk a humorous commenter’s accusation that I’m a miser and I act like Uncle Scrooge for being too stingy as a long-term investor and as a frugal person.Well, guess what? I do celebrate and I am generous. But only if I have the cash. Just like today. 😛
After all, I allocate one slot in my portfolio for short-term investing/trading. That’s where I get my cash to celebrate. The rest are for medium to long-term investing.
Note: I’m not watching that ABS-CBN soap. My wife does. (Wooshoo!!!) Continue reading “I’m Not Sir Cheap” (Time for Rewards)