My Maid Invests in the Stock Market by Bo Sanchez 1 | Page 20

When you do this, you’ll find your money growing steadily year after year. What About Recessions? Now here’s a powerful point I want you to read carefully: When you adapt this Money Cost Averaging strategy, you’ll be buying without much thought to the bouncing of the market prices. You’ll hear a lot of talk like this… “Is Ayala Land cheap today?” “Do you think Jollibee will go up tomorrow?” “Is BPI’s price expensive today?” “Perhaps PLDT will be lower tomorrow? Here’s a nice way of answering all these questions: Who cares? Because in 10 years—they don’t matter. An oil crisis explodes all over the world. Buy your stocks anyway. A political crisis erupts in the country. Buy your stocks anyway. A world economic recession happens again. Buy your stocks anyway. Keep buying those great companies. This is the secret of the wealthiest people in the world. Do You Want to Become Rich? Do What the Rich Do. One of the richest men in the world, Warren Buffet, has a rule on investing in the stock market: “Be fearful when others are greedy, be greedy when others are fearful.” When the economic recession happened last year, Buffet was like a little kid in a giant candy store that has declared an “All-Items-Must-Go” Sale. www.TrulyRichClub.com 21