Don’t “Buy and Hold” – Do the SAM!
Truly Rich Club Updates last July 2012.. From Bo Sanchez..
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Yesterday, I got alarmed when I bumped into a TrulyRichClub member. I was walking in the mall when a young woman greeted me. She said, “Brother Bo! Thank you so much for building the TrulyRichClub. You’ve helped me so much.”
“So have you started your investment program?” I asked. “Yes!” she said, “I put all my savings in the stock market. It’s not much. Just P200,000.” “And do you invest every month from your monthly paycheck?” I asked, guessing that she had a job. (Her office uniform gave her away.)
“Sorry, Brother Bo,” she said sheepishly, “I don’t have the discipline yet. I know I should, but I’ve been postponing… I shop too much!” she giggled. I held her arm and said, “Then you’re not doing SAM…” I said as gently as I could, “You’re doing a buyand- hold.”
“But I put my P200,000 in your SAM stocks. FPH, BPI, EDC…” “Right stocks, wrong strategy.” “Is it really bad?” “No, it isn’t. Buy-and-hold is okaaaay….but you’re not earning as much as you should. How is the original P200,000 you put in?”
“It’s gone up a little. But you’re right, not much… But at least, I’m very happy that my money is far away from me. That’s what I’m thankful for. So I don’t spend it on shopping!” I smiled, “Imagine if you were doing a monthly investment—even if it’s just a small amount from your monthly paycheck each month it would be much bigger today.”
“I know, Brother Bo. Aw, meeting you today isn’t a coincidence. God is really telling me to be more disciplined!”
“But I put my P200,000 in your SAM stocks. FPH, BPI, EDC…” “Right stocks, wrong strategy.” “Is it really bad?” “No, it isn’t. Buy-and-hold is okaaaay….but you’re not earning as much as you should. How is the original P200,000 you put in?”
“It’s gone up a little. But you’re right, not much… But at least, I’m very happy that my money is far away from me. That’s what I’m thankful for. So I don’t spend it on shopping!” I smiled, “Imagine if you were doing a monthly investment—even if it’s just a small amount from your monthly paycheck each month it would be much bigger today.”
“I know, Brother Bo. Aw, meeting you today isn’t a coincidence. God is really telling me to be more disciplined!”
Lesson: If you’re a TrulyRichClub member and you see me walking in a mall, don’t be ashamed to greet me! It may be God telling you to be more faithful to your investment program. Don’t do a buy-and-hold. Anyone can do that. Do SAM. No matter how small, add to your original amount every month! My last argument against buy-and-hold: It’s TOO inconsistent.
Can you grow anything in life inconsistently? No, you can’t. You can’t maintain a healthy body inconsistently. You need to exercise and eat the right food consistently. You can’t maintain a marriage inconsistently. You need to serve your spouse and communicate consistently.
Should I go on? You can’t raise your kids inconsistently. You can’t grow in your spiritual life inconsistently. Shucks, you can’t even be really good at Angry Birds inconsistently. If you want to grow in ANYTHING, you’ve got to be in the thick of things, slugging it out consistently.
To grow your investments, you’ve got to put in your little amounts of money consistently as well.
Happy investing!
May your dreams come true,
Bo Sanchez
PS. By the way, the TrulyRichClub isn’t just about Stock Market investing. That’s only one part. In the TrulyRichClub, aside from teaching people how to grow in their financial life, I also teach people how to grow in their spiritual life.
For what’s the use of growing in your finances if you lose your soul?
To know more about the TrulyRichClub, click the link below:
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