One reader of this blog sent me an email, and asks me about my stock position on the Philippine Stock Exchange. And in case, I am willing to share my stock holdings to him, he wants to know why I choose these stocks.
Actually, I was so surprise that this blog has a loyal follower (or maybe followers – just kidding). And, to my loyal followers, below are the lists of some stocks I owned.
SMPH – SM Prime Holdings
JFC – Jollibee Foods Corp.
URC – Universal Robina Corp.
AMC – Alaska Milk Corp.
SMC – San Miguel Corporation
TEL – PLDT
BPI – Bank of the Philippine Island
MER – Meralco (Manila Electric Company)
MWC – Manila Water Company
So, why do I choose these stocks? Because, they have a good business fundamentals and a good growth story. (Actually, I was an OFW now, but before I work overseas I consider these wonderful companies to have an influence in my life.)
To give you a short story on why I say these stocks has great influence on me?
One Sunday Morning, my Family goes to the church. After the mass was ended, we go to the SM Mall because, we were so amazed by its slogan “we’ve got it all for you”. Since, they claimed that they got it all for us, where else can we go. I guess it doesn’t need further justification that every weekends, most of the families that went out would probably go to SM Mall near their home. In case you didn’t know, SM Mall is run and operated by SM Prime Holdings (SMPH).
We enter the SM Mall, and after a couple of minutes walk (with window shopping). My kids get hungry, so it’s time to ask where they wanted to eat. If I am going to ask my 6 years old daughter, her 2 options is the Jollibee restaurant at the ground floor and other choice is the Jollibee at the 3rd floor. So, it leaves me no choice but to dine in this famous Jollibee restaurant. But, their are times that my wife and my eldest daughter make an objection. They will complain that last week it was already Jollibee and we should go for a new place to eat. And here we go “Chowking Restaurant”. Again, in case you didn’t know Jollibee and Chowking Restaurant were owned and managed by Jollibee Foods Corporation (JFC).
After our lunch, it’s now time to go to supermarket. Our groceries were mostly milk (AMC- Alaska milk), snacks and beverages (URC – Jack n Jill, C2), meat and other dairy products (SMC – the famous purefoods).
It’s now time to go home. And after reaching home, I suddenly realize that we forgot to pay our bills. But thanks to the convenient of internet, that paying the utility bills become easier and hassle free. We have a Telephone Line with internet courtesy of PLDT (TEL), the largest and profitable telecommunication company in the Philippines.
And since we have an internet connection, I can easily access my BPI (Bank of the Philippine Island) online account to pay my electric and water bills. Again, BPI is the biggest bank listed in the PSE in terms of market capitalization. Up to now (even I was working abroad), I still use my BPI online account to pay other bills like insurance and funding my online trading account.
The wonder of internet and online banking, save me from making a late payment from my electric (MER – Meralco) and water (MWC – Manila Water) utility bills. Just think if these utility companies doesn’t exist. Do you want to live in darkness or die of thirst?
End of the story.
Anyway, I was not an employee of any of this company. But, I am trying to send a message to every newbie investor that you should invest only on the business you know. Keep your investment portfolio plain and simple.
Look for these criteria on the company.
- A growing industry
- Good earnings
- Good Management Credibility
- Selling superior products and services
- Strong Business Fundamentals
Are you dreaming of becoming rich someday? Start investing early and achieve your financial freedom.