I’ve long been a fan of Bo Sanchez, dating back to when I was a high school student. I read Kerygma on a regular basis. And one of my long-standing dreams back then was become one of the magazine’s contributors.
Today, I content myself with reading what Bo has to say, both on the spiritual and financial side. If there are two words to describe how it feels to read Bo’s writing, those would be enlightening and uplifting.
Yesterday, I had the pleasure of reading another Bo Sanchez bestseller, The Turtle Always Wins, where he talks about his simplistic but proven principles in the world of stock market investing.
Before we go any further, I would like to point out that Bo strongly emphasizes that stock market investing is NOT synonymous to share trading. Stock market investing is long term in nature and not based on speculation, which, by and large, means buying and selling shares within the same trading day.
In this book, Bo summarizes investing in the stock market in a way anyone can understand. Two important lessons to take away from the book:
- When investing in the stock market, fast and furious doesn’t cut the deal.
- Slow and steady is the way to millions.
Here are some of my favorite lines from the book:
- She saved to pay for the schooling of the kids. She even saved for the wedding of the kids. But she failed to save for the biggest expense of all: retirement.
- People today are living longer. If you live until 90, will you have enough money for your needs?
- No one plans to fail. We just fail to make a plan.
- And Filipinos love the fact that they can borrow. Note: It’s OK to borrow for business; it’s not OK to borrow for your living expenses.
- I’ll be very worried if a cat produces a dog. If that happens, the end of the world is near.
- Learn to multiply the little money that you have and you will prosper.
- I’m excited for that day. I have a rather selfish reason, so I can be one of the very few people on this planet who can brag, “My maids are millionaires.”
- If my maids can do it, and if my driver can do it, and if my employees can do it, I believe anyone can do it.
- But the turtle didn’t mind them. He just plodded along.
- Patiently, everyone waited for the squirrel. But he never came.
- At the end of the day, most traders are really gamblers. Sadly, they’re using the stock market as their online casino.
- Growing your money isn’t a sprint but a marathon.
- Because it just takes a few bad trades for a squirrel gambler to lose it all.
- Be at peace that you’re a turtle.
As an added bonus to this post, the trivia lover in me is pitching in five amazing facts about the turtle, one of which you probably already know. And that’s owing to the fact that Filipinos love to liken slowpokes (literally and figuratively) to turtles:
- Certain turtle specimens can live up to well over a century.
- The turtle as an animal totem symbolizes “sure and steady.” (Source: whats-your-sign.com)
- There’s a continent turtles won’t live on: Antarctica.
- Turtle gender is determined by the noise it makes. The males grunt and the females hiss. (Source: thefactsite.com)
- Some female turtles produce eggs for up to four years after mating.
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