September 29, 2023 | 9:45am
I don’t give recommendations because I need to be able to sleep at night! While that answer works great for me, I can understand why it might not satisfy the intent of the question, so let me hit this from a few different angles. The first is that I have over 11,000 subscribers and over 100,000 daily readers of MB content (across all forms of media); I can’t possibly know each reader’s particular set of circumstances (risk tolerance, experience, investment time horizon, skill) to a level that would make me feel comfortable making a recommendation to the entire MB audience. What might work for me (long-term investor who is almost always “market available”) might not work for an OFW who only gets to trade every 3 days, or for a short-term event-based trader who lacks the systems to “babysit” a long-term trade. The second is that even if I made a suggestion on what to buy, the circumstances that prompted that suggestion will likely change almost every single day, and I don’t have the time to qualify and alter those picks as those circumstances change. What makes a stock a great pick one day might not be true another day, or even later that same day for that matter. I’m uncomfortable producing content that will remain visible to millions of people long after I’ve stopped thinking about keeping it up-to-date. The third is that while it feels great to hear the success stories from traders who have used my content as a springboard to “go deeper” and get some wins, it absolutely crushed me when (in the past) I made suggestions to friends that didn’t turn out. They lost money, and I felt responsible. I don’t want to carry that feeling while doing something I love.
MB bottom-line: I honestly wish I could do a portfolio review with every person who wanted to get some feedback, and share investing ideas openly as I would with friends who are also 24/7 degenerates like me, but that’s simply not possible in my life. I’d love to be a stock-picking chad who made everybody rich with my daily picks, but that’s just not how any of this works. I value your financial future too much to put my own sleep at risk by being so arrogant as to suggest that I know what is best for everyone who reads my content. I know there is a deep hunger for there to be just One Weird Trick to make tons of money in the market, but if that were the case, we’d all be stinking rich and our biggest problem would be trying to find someone to drive us around in our multiple Lambos. Investing is hard, it carries an immense amount of real risk, and it’s up to each person to click “BUY” or “SELL” for their own reasons. My goal is to demystify the informational layer that surrounds the PSE and its companies, and deliver highlights from that layer in a way that is fun and geared toward encouraging further independent research.
Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.