After the recent US presidential election surprisingly won by Donald Trump, the Philippine stock market reacted negatively. At the time of this writing, the PSEi index fell below the 7,xxx mark and is now at 6,982.97.
This is because of the concerns how Trump’s policy would affect the Philippine economy specially the BPO sector or the call center industry. Going back in 2013, the revenue from BPO generated about $15.5B and $22B revenues last year (2015) which employed 1.1M Filipinos. Continue reading “A buying opportunity?”
Before starting out investing in stocks, one big question always asked is “is it safe to invest in stocks?”. Well the answer is; it depends. Let’s examine why.
Take note that there is always risk in investing but the good news is that you can manage and minimize risk by doing your homework. Always remember this: it’s you and only you who are in charge of your money.
The fact is, if you don’t invest, you are already losing the value of your money because of inflation. As Robert Kiyosaki says “not investing is risky” and “savers are losers”.
Last month, Philippines was included in top 20 of world’s economy in terms of GDP growth prediction for 2015. Next to China which is number 1, we are number 2! So what does it mean to us?The good news is that this is another great opportunity to gain more profits this year through the stock market. If you are already an investor, congratulations! If not, then its time to take action and be one. Continue reading “Reasons to believe”
Before I started investing in stocks in the last quarter of 2010, I reviewed my financial life from the day I started working. At that time I realized, it’s already 10 years since I entered the corporate world and overseas as OFW but my savings are very small and nothing seems to happen. Continue reading “The need to invest”
After typhoon Ondoy struck Metro Manila four years ago, we decided to move and rent an apartment in another subdivision because our previous place was heavily flooded. Since our access to the main road is a bit far, my wife and I realized that we need car so we bought a 12-year old car online. Owning a manual transmission car is a very big challenge to me. Why? It’s because I don’t know how to drive! So the car needs to be parked in the street for several months before I can use it. At the time, the idea of investing in stocks has not come to me. In summary, here are the top reasons why I love my old car based on my experience:
It can take me and my family from point A to point B. Like most brand new cars do, my old car takes me and my family safe and sound from one place to the other. Now I don’t have to rush early in the morning to the bus station for the first trip whenever we decide to go to Laguna for a weekend break or a vacation. Continue reading “Old is cool: Reasons why I love my old car”
A lot of people know and heard about the stock market, its benefits over the long term and specially if compared to banks’ offered savings and time deposit accounts. Surprisingly, few people get started investing. I’m also guilty about this. The most common question is: “How and where do I start?”
Knowing where to start investing in the stock market is very important. Most people are stuck to this because they don’t know where and how. I remember 3 years ago when I heard about investing in stocks. Somebody sent me the e-book of Bo Sanchez where he explains the stock smart. Although the book is easy to read, I have run through it many times until convinced myself that I should start it out. Continue reading “Still afraid investing in stocks?”
“Make your money work for you” is a very popular slogan used in scams to attract investors. Now if you are not aware, chances are you will fall to this trap especially if they promised to give enormous returns over a short period of time that will make you rich quick. There is a very informative and a real life video from pesos and sense about this where a professor of Adamson University was a victim. Watch it below: