Stock Investing Lesson Learned from Home Buddies Philippines
Hi! Happy Tuesday.
So I first heard about the Home Buddies phenomenon from my wife and my sisters and law.
They were discussing something over the phone, carefully weighing their options on what stuff to choose, which color palette, and what pieces of furniture to go for.
Apparently, they were talking about Home Buddies (HB).
For those of you who might be living in a cave (like me), Home Buddies is a popular Facebook group nowadays where people share their home designs and what not.
(In contrast, our brand new investing Facebook group needs some love. LOL. Kindly support by liking the page, thanks!).
HB is also where people share what furniture they used, where they got it, and how anyone can ‘hack their home design’.
Furniture suppliers also abound in the group.
Now here’s what’s interesting:
Those who are active in Home Buddies can attest that it can really be addictive.
In the words of my wife, “mapapagastos ka talaga dyan”.
According to those who are in too deep in their Home Buddies “addiction”, very tempting daw talaga magbrowse dun sa group.
Because sooner, you will feel the urge to whip out your wallet and order some furniture there.
In fact, my sis in law’s fiancee just recently signed up to that group.
And he has caught the fire. Nag order na rin ng furniture. Haha
Anyway, why am I telling you this? How does this relate to stock investing?
Here’s why:
No matter what you’re doing right now, you are already investing in something.
It’s either you invest in stocks, real estate, bonds, cryptocurrencies, etc.
OR…
you are invested in a hobby or a semi-addiction like Home Buddies.
Plain and simple.
Hindi ako against sa Home Buddies ha. In fact, napaganda na ni misis ang kwarto namen.
What you’d like to avoid though, is to turn into a compulsive buyer kahit hindi na kailangan, bili pa rin ng bili.
When it comes to that, let me be the ultimate killjoy. 🙂
The only question that you need to ask yourself is, are you earning a decent profit from whatever it is you’re “investing” in now?
Are the things you are buying right now causing your money to grow?
Of course kahit anong ganda pa nyan, all those furniture won’t yield 10% to 20% a year (unless of course, you put it in an Airbnb or rental property).
If you want profits, find out where you’re putting your money at the moment. And then channel it to something that could make you richer.
Try to set aside some cash for investing in the stock market for the long term, para may chance pa lumago.
To discover how to pick stocks like a pro, try this (if you haven’t availed your copy yet):
https://www.pinoypowerinvesting.com/course
Good day! Regards,
Verniel “K.J.” Cutar