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Louis delos Angeles on Very Inspiring Pinoys (VIP) Series

Louis delos Angeles on Very Inspiring Pinoys (VIP) Series

He is the guy behind InvestinginPhilippines.com.

Louis delos Angeles on Very Inspiring Pinoys (VIP) Series.

http://investinginphilippines.com/

1. How did you start investing?

I started investing about late 2009 when I opened my first online stockbroker while on vacation in the Philippines. But ever since in college I have been hearing about stock trading but unfortunately I have no idea how to do it and there were no readily accessible online stockbroker at that time. After opening the online account I made my first stock buy after three months. At I first I really don’t get it and that my buy bids never got matched. But after that first ever buy it seem to get going and I learn everyday about how it works.

2. Who/what inspires you to invest?

I did write an ebook and in there I mentioned that unlike most people who wanted to be successful, they went to a huge realization because of the lack of money. You would often hear a story that they promised themselves that they will never experience again poverty. In my case it was about the pitiful site of an old lady trying to withdraw money from the ATM and yet no money came out. Seeing her trying the machine several times, hoping that it would spew out money, really is an eye opener for me. I may not be the one in need of money but at some point in time my love ones might need it for emergency and I never want that to happen to my own mom.

3. What are your biggest and greatest learnings so far?

The biggest and greatest? I guess having the patience in understanding the stock market is the greatest learning. When I started it took me three months to finally make my very first buy transaction. Imagine I place my buy trades every night or during lunch time(My work location is 2 hours ahead of Philippine time). Without knowledge about the stock you are buying and how its current trend will make you waste a lot of time because no matter what bid price you price it won’t materialize. Others term this doing your “due diligence” or doing the “leg work”. At first it is hard but once you get the hang of it you can easily sit down read about your target stock and you can easily decide how many and how much will you buy or sell it for.

4. What would you suggest to an ordinary Filipino who has never started saving up or investing?

To our kababayans especially OFWs. I would suggest that it is not bad to buy luxury goods, splurge on vacation, or anything but always set aside a small portion of what you earn for the following: emergency, retirement, business/investment. You don’t have to put huge amount on these three but don’t ever forget to put a small amount on these before spending your money. This concept is actually the infamous pay yourself first. Lots of people misinterpret this “PAY YOURSELF FIRST” ideology. Simply put Pay yourself first means to set aside small portion of your earnings for important and unexpected things before spending or paying your bills. No matter how small you set aside over time this accumulates and you will just be surprise how much you have already set aside.

5. How do you see yourself in this journey 10 to 20 years from now?

My dream has always been to have my own business. I am a CPA back there in the Philippines and I would like to practice my profession but on the side I would like to have small manageable business to finance my day to day living expenses. I don’t want to have huge and complicated business because it defeats the purpose of my goal of retiring as an employee at 40 years old. Also I am hoping that the stock investment I have to day will grow so that by that time I will be completely living with the passive income generated by these investments. With all that I will be able to spend more time with my future wife and kids.

To Mr. Louis delos Angeles – thank you so much for being a Very Inspiring Pinoy!

Do you want to share your story? Do you want to bless others by being a blessing? Share your story at  krissy@peraholic.com.

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