Thursday, August 6, 2015

Ang vs Gozon - The 1 Billion Questions

Now we know that Estafa is not only a crime of common people but also of Millionaires. I don't understand why would GMA not return the 1 billion to Ang. It's a huge sum of money and no one in his right mind would give it away. I would understand if it just a couple of millions - but billions? No way!

I think these two Millionaires should sit down to solve their differences. They are both well respected people on their respective industry and surely can come up with a win-win solution. 

Current Portfolio

Currently, I have COSCO, DMC, BLOOM and DD. Except DD, all of my other positions are in negative territory. It is expected as the market is not really doing so well. Europe has the Greek problem and China seems to be losing control of its economy. But the good thing of being in the stock market for a significant number of years is the experience gain during those years of market being in a roller coaster ride. I become more focus on my goal and not being bothered by stock market noise. I still buy when the price is within my buying price. But I am a little bit cautious now as market is a bit on the edge. 

As we know, election is fast approaching. Normally, stock market tend to be active since government use it to help win their candidates. Maybe, in a few months we can see a significant increase in PSE index.

Oh, one more thing... maybe the government can release DPWH funds during school vacation not during rainy season as road diggings causes traffic and floodings.