I mentioned on my previous blog that stock speculating gives me money (i.e. MERALCO), but quickly takes it away.
This is the first week where I reverted to my tried and tested buying and holding until I reach my TP, ignoring trends and just concentrating on financial statements, volume, low P/E and projected future earnings based from the news.
I disregarded the thought that a major correction is coming and that I might lose the opportunity to get in at a lower price. But experience taught me, that even if I make the mistake I made last
October 22, 2008 stock portfolio, I'll just be patient and wait, and continue to buy stocks based on the criteria I mentioned above, and everything will be all right.
Thus, I bought the following stocks last Wednesday August 19, 2009, and most of it did well.
My current portfolio.
1. Megaworld Corporation (MEG)
P/E Ratio: 8.02
2. SM Development Corporation (SMDC)
P/E Ratio: 285.71
3. SM Investments Corporation (SM)
P/E Ratio: 14.17
4. San Miguel Brewery, Inc. (SMB)
P/E Ratio: 14
5. China Banking Corporation (CHIB)
P/E Ratio: 11.69
6. Metrobank Corporation (MBT)
P/E Ratio: 17.74
Based on your experience, what strategy is better? Short term trade or the buy and hold strategy?
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