Yes, you are right there, mostly blue chips and investments ko because of stable earnings, liquidity and most of them are cheap as of now, although not dirt cheap. I used to have Jollibee stocks 3 years ago but I sold them prematurely. Nag ka mali nga ako doon. Dapat I should have held on to them just as Buffett will. Ganda nga nang price na bili ko noon its only about 32 per share. Now it’s about 60. Jollibee is a great company, great ROE, stable income, growing company, little debt etc. Truly a value investing pick. Buffett would have bought this company if he invested in stocks in the Philippines.

But as of now, I don’t like the price. Way too expensive for a value investing pick. Determining what company to buy is easy. Determining at what price to buy it is a little bit tricky. But don’t you worry I’ll slowly teach it as I go along. It’s part of the value investing tools that I will introduce.

About the afternoon trading sessions. It would seem that longer trading would provide some more market activity hence more volatility. But take note that as value investors we really don’t care about the day to day fluctuations of the market. Maganda iyan to to the traders because they buy and sell always. Hopefully it will encourage a lot of people to invest in stocks. From a selfish stand point masaya ako doon kasi it’s the day traders, speculators, purely technical analysts and the efficient market & modern portfolio advocates that pushes stock prices to overvalued levels. In short they make us the value investors rich. in the long run As Warren Buffett says “Naturally, the disservice done students and gullible investment professionals who have swallowed [efficient markets theory] has been an extraordinary service to us and other followers of Graham. In any sort of contest – financial, mental or physical – its an enormous advantage to have opponents who have been taught its useless to even try. From a selfish standpoint, we should probably endow chairs to ensure the perpetual teaching of EMT.”

Yes, the Philippines and Southeast Asia is an emerging market. I am looking forward to the day when all the Southeast Asia stock markets will be linked. It will be good for our stock market and of course good for our portfolios

I work full-time and simply don’t have much time to focus on this that’s why I delight with the news that there will be afternoon trading. What would be your predictions? Would it be better than the morning one?

I really like this part of the post:

” Soon, the Philippine stock exchange will introduce afternoon trading sessions. (This was suppose to be scheduled the middle of 2009 but was postponed due to market conditions) By 2012, it has been proposed that we will be linking to other stock markets in Southeast Asia. This unified trading system will make us trade stocks with other Southeast Asian Countries at the click of the mouse! Now, isn’t it exciting to invest globally !”

It’s interesting and exciting if that will happen because after all, Asian economy is getting pretty stable and the awareness for Filipinos about this should be made.

You have a great blog here. I am also a trader/investor (depends on what securities I’m holding). I’m looking forward in reading more of your post.

Regards,
Ken