Very late last year, I decided to take money management more seriously. This started with a really bad injury whose very expensive treatment was not covered by the company HMO. My finances took a big hit. And that’s when I decided to really study alternative income streams.
I discovered that a lot of my savings were really just sleeping. 0.2% (minus taxes, minus service charges) per annum was a shock. My mutual funds took a hit when the global economy crashed a couple of years back.
As a stock market noob. all I was really doing was trolling for tips wherever I could find them. On the other hand, I’ve also been looking for as much education as I can about trading and investing.
Thus, it was a blessing that I ran into a prodigal friend whom I haven’t seen in 15 years, Charmel Delos Santos-Marcial, who was in Manila promoting her new book, “High Heeled Traders”.
I will admit that I wouldn’t have bought “High Heeled Traders” on my own volition. How a screaming pink book can turn my portfolio numbers green was sort of hard to fathom. The things we do for moral support (sigh). It’s a stock market book that’s really targeted towards women. The pink cover will shoo away the most hardened macho stock market trader wannabe.
But if the reader strips away the anecdotes and side stories clearly aimed at the book’s target demographic, one will find an extremely friendly introduction to trading that can be appreciated and understood by anybody who’s about to take the plunge into trading/investing. The book’s scope ranges from the very basics of choosing a broker and how to buy stocks to somewhat intermediate topics like position sizing and option trading.
One of the gems in the book is the brief discussion on Van Tharp’s position sizing and the concept of R. While it is very introductory, it will really help stock market beginners to manage risk and control their investments. This brief discussion really made me google Van Tharp to look for more resources on the net. For more on Position Sizing, surf on over to http://www.vantharp.com/
There are some inspirational rah-rah anecdotes in the book encouraging newbies that anybody can make decent money off the stock market. But interspersed in between are cautionary pieces of advice, often backed by the author’s own failures in the market. This gives a much needed dose of reality warning beginners to know what they’re getting into before investing their hard earned money.
The book is not perfect. In the later editions, I’d like to see the flowcharts and tables more professionally produced. There’s a “dot matrix” quality to these that make them quite hard to read. I also think that flowcharts should have dedicated pages as shrinking them makes the already sometimes-blurry text even more of a chore to decipher.
While the chapter on options is very thorough and very easy to understand, we don’t trade options in the Philippines. Nice to know, though, if the reader plans to trade elsewhere.
Yet, despite the easily fixable layout glitches, “High Heeled Traders” is a really good book for those who’ve always wanted to try their hand at the stock market but were too intimidated to try. The author brings stock market buzzwords down-to-earth for anyone, woman or man, to understand.
It’s not an end-all book on stock trading. Experienced traders might find the treatment shallow. But rather, think of it as a springboard to other more advanced books by William O’ Neill, Van Tharp and Martin Pring. It’s an appetizer that makes the main courses of Fundamental Analysis, Techincal Analysis, Position Sizing and <insert trading buzzword here> more palatable.
High-Heeled Traders is available in the Philippines from any Fully Booked branch for about 1,500.00. Part of the book’s sale price goes to funding United Nations women empowerment programs.
The author can be reached at www.highheeledtraders.com where visitors can get a free preview of the book. She can also occasionally be seen lurking in Phil. Stock Market Discussions, Comments and Forecast facebook group where she moderates a High Heeled Traders sub-group specifically for women traders (though the men sneak in once in a while). 🙂
When I first heard that someone was producing a musical about the Ateneo-La Salle rivalry, I thought that the folks behind it were a little bonkers. And with that, wished them a whole lotta luck. The reason was that the other original Filipino musicals with English lyrics I’d gone to really didn’t leave an impression. They were great attempts but far from unqualified successes.
I was right, sort of. The people who’re behind RIVALRY: Ateneo-La Salle The Musical are bonkers. And I mean that in the BEST possible way. Who’d have thought that the La Salle-Ateneo basketball-centric (but not exclusive) cycle of one-upmanship could become a killer musical?
This is not just some cheapo production. RIVALRY has a huge ensemble composed of theater veterans whom regulars will instantly recognize. The whole cast fills up the stage at portions of the show. No mean feat as Meralco Theater has one of the widest stages among the performing venues in Manila. Ed Gatchalian’s score, Joel Trinidad’s lyrics, and Jaime Del Mundo’s book and direction come together for a very entertaining night at the theater.
Set in the alternate-timeline of the 1968 NCAA basketball season (nb. I write “alternate-timeline” because La Salle and Ateneo did not meet in the NCAA finals in 1968.), the story revolves around the basketball shaped world of the Valencias and the Basilios. The Valencias representing the Ateneo. The Basilios, La Salle. Something seemed to happen a long way back to spark a bitter rivalry between the two patriarchs. A rivalry that’s been passed down to their sons. Paco, the star Blue Eagle and Tommy, the ace Green Archer. Quito, the younger Valencia, falls for a Maryknoller and asks his cousin, Tommy for advice on how to win the girl. As with stories like this, things get quite complicated.
The show had heaps of interesting moments: the ROTC number citing the Science/Math inclination of La Salle and the Liberal Arts specialty of the Ateneo, pre-game locker room scenes that capture the war-like fanaticism of basketball, a hilarious song number by colegialas (Spanish accents! No Valley Girls!) about La
Sallian Sallite boys, actors singing while doing burpees and push-ups, a musical tongue-in-cheek speculation on how the rivalry began (CHICKENS!) and some other scenes (which I will avoid raving about to keep this spoiler-free).
Oh yeah, La
Sallites Sallians beware! We are the butt of the big jokes in this play. You’ve been warned!
The show isn’t without fault. I thought that the first act was a bit too long. Possibly because so many plot points had to be set up for the second act. I thought that the orchestration sometimes drowned out the vocals. But then, this was the same problem the last time I saw a play in this venue.
My highlight of the evening was getting to meet Noel Trinidad who I thought stole the show with his short cameo. Watch out for him when he shows up on stage! I made the effort to congratulate him after the show. I’ve been a fan of the Champoy duo ever since I was a kid (Yeah, looong time ago). It was fun geeking out about theater with people who’ve made the stage their lives. Yet another moment where I really regretted not having a camera.
Ed Gatchalian, the man behind the music, said that while the Philippines has one of the most the most talented pool of theater actors in the world, the local theater audience is not expanding as it should be. He cited the need for original content that the audience, not the writers, would like. The rambunctious La Salle-Ateneo rivalry is something that a lot of theater-goers would remember as either a rabid participant or an amused spectator. If this gets La Sallians and Ateneans to troop to into the seats and watch their FIRST theater production, this may pique their interest to catch others. The increase of theater-goers may then support the creation and production of original Filipino material.
I think that everybody will get something out of Rivalry.
For Archers and Eagles, it’s a story of why we should give credit to the other for ending up who we are, for better or worse. For Maroons, Tigers, Falcons, Bulldogs, Warriors, and Tamaraws, it’s your chance to laugh at the sheer spectacle (and sometimes ridiculousness) of it all.
Highly recommended. Support Philippine Theater!
RIVALRY: Ateneo-La Salle The Musical will be staged at the Meralco Theater from January 27-29, February 2 to 5, February 9-12, February 15-19, February 22-26, February 29-March 4, and March 7-11. Shows startsat 8pm on Wednesdays to Saturdays with 3pm matinee shows on weekends. Get your tickets at Ticketworld branches or from the Ticketworld Web Site or call 891-9999 for details