Investing in Philippines: Manila floods

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Showing posts with label Manila floods. Show all posts
Showing posts with label Manila floods. Show all posts

Thursday, August 9, 2012

10 Lessons we can learn from Habagat crisis in the Philippines that we can apply to stock investment/trading

I heard finally the sun came out today; we hope it stays that way until the water subsides.

This is an eye opener
source: http://www.theatlantic.com


What happened is an eye opener. We already went through Ondoy and we all remember the horrible memories that for some still haunts. I did my share to help even though I am not in the Philippines especially in Metro Manila by donating and feeding words to encourage our countrymen to stay brave, to be a hero, and to be aware.

I gathered some lessons that we learn from this event. We should always remember the experiences we go through and learn from it.

Lesson 1    Be ready

Often times the reason why lots of people die or perish is that they are not ready for such event. Yes it could be a calamity or an unexpected catastrophe but readiness is always a necessary element. In the military or even in rescue operations, personnel or soldiers do the drill several times to all kinds of possible situation so in case such happens they already know what to do. No more long time thinking and deciding because such is already done long before. Also "ready" means having all the needed tools and supply in case of emergency. These essentials are stored in easily accessible place so that no time is wasted looking for them.

Same with our stock investing. Ready means that you are able to make decisions and able to have the capital or the means to place a buy or sell in case there is an unexpected price surge or an sudden opportunity to buy more. It is advisable to leave at least 10% of your portfolio as cash for ready funds in case an opportunity comes.
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Chitika