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Have you ever seen the movie Zombieland?
Just watched it in my laptop awhile ago and it made me laugh. But along the movie if you were still able to catch it while laughing and freaking out at the same time on the chasing zombies I think you have the investor attitude.
Remember the rules?
Yup Ohio has a list of rules. Rule 1 and 2 are always mentioned. Rule 1 is Cardio while rule 2 is Double tap. How are they connected to investing you ask? Cardio means having the stamina to continuously run. In the world of investing you can’t stop. You have to be on your toes because everybody is running thus you need a good cardio to last it.
Double tap means being sure. Don’t just check it once, check it twice or even thrice as long as you are sure of your buys or sell decisions.
How about rule 22: When in doubt, know your way out.
source: http://artzthings.com
In technical lingo set your cut loss price. Often times we are trapped in our wrong buys and hard headed as we are we keep on holding that is why one should have an exit plan. A stock’s price may be down but according to your analysis it would bounce back but for how long will it stay there? That is where you have to set that line called “cut loss” so that instead of losing you can divert your funds to a better stock and then go back if the situation is already trending up to your expectations.
source: http://www.polyvore.com
Also in stock investing you must always “Limber up” that is rule number 18. You might need to make some small stretching to tackle the task at hand. Planning when to enter and exit and making necessary other action plans to pursue your target price. You could test it first by buying small shares then jumping into another similar shares before you finally do what you have been cooking up in your brain.
And lastly the best of the rules, rule number 32: Enjoy the little things.
Investing can be so exciting and sometimes so depressing. To keep you sane celebrate in the most simplest way to give yourself that feel good experience like eating a twinkie.
As my stock investor friends will say “pa-cheese burger ka naman” (treat as with cheese burger). Be happy and be victorious with the small things like a gallon of Selecta ice cream Ube flavor(Purple Yam my favorite) for your family, a pizza with your friends, or a movie date with your special someone.
So keep your eye open and be alert for you don’t know when will a zombie in the backseat attacked you, this is rule number 31 which only means be ready for the least expected.
About the blogger
Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Learn more about Louis and his financial freedom advocacy here.
