"2013 Will Be Our Year"
@simplepleasures (282)
Philippines
January 20, 2013 7:54pm CST
It has been stated many times on the news lately that our country's economy would grow this 2013. Our country has been receiving so much attention since last year when it comes to business and investments thus I do believe that money has been flowing in here the Philippines since he start of the year.
Having said that, I suggest anyone who has enough capital to invest in the stock market. I have noticed since the beginning of January that prices of the stocks listed has been soaring non stop. Philex Mining for example, who have had a disastrous end of 2012 because of its oil spill thus plunging its stock price from 15php to 12php, has almost instantly increased its stock price to 18php as of this writing.
The good thing about investing to stock market these days is you do not need to have a finance or related degree to be successful. Online brokerage firms today like Citisec offers their members free advice on what sock to buy or not to buy.
I hope I have made some of you consider investing to the stock market.
Have a good day everyone. :)
2 people like this
6 responses
@salonga (27775)
• Philippines
21 Jan 13
Hmmm stock market? You know, I have been thinking of any business where I could invest my money. Now you are talking of stock market. I've been hearing about stock market but totally ignorant of the methods because I have not really given time to study this. You are talking of online brokerage firm that offers free advice. You mentioned Critisec and from discussions you said 5000 pesos is needed. What is that 5000 pesos, Is this amount already the initial amount to be invested or payment for what? Kindly elaborate and help me. I really am interested to invest.
@rsa101 (38166)
• Philippines
21 Jan 13
I suggest you go to the site and they offer a free seminar on the introduction to stock market. They also give tips as to how you can grow your money using the stock market. If you happen to know Bo Sanchez they also have their version and they are endorsing Citiseconline as their broker.
I am a 3 year old member in here and since I have not been consistently able to buy or trade in here my money I invested in here has grown much bigger than if I only have put it in bank for the past three years. So I can say that Stock Market is indeed a good place to put your money in.
Another alternative you can do is to invest it in Mutual Funds which is of course same as Stocks except that you do not have complete control of the money you invest. They will invest for you and share the profits to every mutual fund members if they gain.
1 person likes this
@salonga (27775)
• Philippines
21 Jan 13
@rsa. Thank you friend for that valuable information. I would give it a time. Investing money in the bank is no longer profitable. I noticed the very low interest rate. It is not earning as much as before anymore. Only the bank gets richer with our deposits while giving only a very minimal share to the depositors. That's really intolerable so I am really thinking of withdrawing all my money from the bank and investing it in a more profitable way. Thanks again for the info.
I would give it a time. Investing money in the bank is no longer profitable. I noticed the very low interest rate. It is not earning as much as before anymore. Only the bank gets richer with our deposits while giving only a very minimal share to the depositors. That's really intolerable so I am really thinking of withdrawing all my money from the bank and investing it in a more profitable way. Thanks again for the info.@simplepleasures (282)
• Philippines
21 Jan 13
@Salonga, before you take all your money in your bank and put it somewhere else, you might want to leave some amount for emergency purposes. In my opinion, if you are interested in investing in stock market, it would be wise if you start with small amount. Learn the system first. Investing in stock market is profitable yet there is always a risk involved.
1 person likes this
@rsa101 (38166)
• Philippines
21 Jan 13
Yeah I saw mine as well soar high. My BPI shares started from about 76 per share now the price has rose to as high as 100 already. I am amazed that my small amount grew bigger now even though I was not able. I also bought some Ayala Land Shares at 19 per share now it is ranging to 25-27 already. I am pretty in profit with this shares and it is tempting to sell them to liquidate but I am thinking twice. Maybe I might just need to let it stay there for quite a while since I am still seeing the market break its record highs still.
@rsa101 (38166)
• Philippines
21 Jan 13
Well I could not call myself a trader yet since I consider myself just investing but not really a trader where I buy and sell stocks. So far I have invested only on three ALI, BPI and ICT. So far all of them gave me a positive start this year am hoping to spread to other stocks for now but of course that would mean I have to add more or sell some shares to others.
I see the Stocks as a good indicator that economy is doing well. If you can see a rally or a bullish market you can see economy is doing good. That is why you might just be right that 2013 might be our time to shine if this continues to grow in time.
@simplepleasures (282)
• Philippines
21 Jan 13
Hello rsa101! It is good encounter another trader here in Mylot. :)
I am happy to know that your portfolio seems to be doing good. I hope more Filipinos would also invest in capital markets since it indirectly generates employment thus helping the economy (businesses has money from investors -- businesses would expand -- businesses would employ more).
I am hoping for your continuous success in stock trading. Goodluck!
You are lucky to have bought ALI at 19php by the way. I was waiting for it to hit lower than 20php last year so I can buy some but it just keeps its range from 20-23. I should have bought at 20php anyway! Ah the shoulda woulda coulda at stock trading. :)
1 person likes this
@simplepleasures (282)
• Philippines
21 Jan 13
That is true. Hopefully the private sector can sustain this increasing growth by creating more jobs to people thus increasing our country's productivity. The government should take part as well in creating a good environment for investors.
@xtedaxcvg (3189)
• Philippines
23 Jan 13
Oh my God! You are a lifesaver! I've been wondering where to spend my savings and how to increase my income, and you've nailed it! Thank you very much for this insight and the details that you've shared. I guess I better withdraw some of my savings and start looking for some good stocks to invest on.
@julyteen (13252)
• Davao, Philippines
22 Jan 13
Somebody already introduce me about investing to stock market but net yet tried. I think it's hard to a person investing stock market they don't have time to monitor their stock at anytime of the day. There's a fluctuation of price per stock every minutes. I engage in business since 3 years already, I prepare to handle my offline business because I am the one who have control on how your business runs.
@SIMPLYD (90721)
• Philippines
21 Jan 13
May i ask how much money can one initially invest in stock market? How can they invest? Do they have to register?
It's my vision to also invest in stock market. However, i don't know how it is done.
Maybe you can give us a brief of how it is being done and where, my friend.
@simplepleasures (282)
• Philippines
21 Jan 13
I applied for an account at Citisec since I hit 18. Citisec, for me, is the best online brokerage firm since everything that an investor has to know is at their site; news regarding companies listed, trading advices, announcements of dividends, etc.
It is easy to open a Citisec account, and the minimum amount of initial investment is Php5,000.
Here are the things you need;
1. Filled out forms which can be found on their site
2. Photocopy of one government ID
3. Minimum of Php 5,000
Bring these requirements at Citisec's office at the Philippine Stock Exchange at Ortigas (I forgot what floor exactly but there is a directory beside the elevators so you can check it there or of course, you can also ask the guards.)
For more information check their website at colfinancial.com
Good luck! :)
@ARIES1973 (11426)
• Legaspi, Philippines
21 Jan 13
Hi friend!
I really come across this news about the growing economy of the country. I also watch some shows featuring stock investments. I hope I will earn more from online source this year so I could use it for this purpose. This is a very interesting thing to try.
Have a nice day!
@simplepleasures (282)
• Philippines
21 Jan 13
I do hope you will earn enough to open an account at any online brokerage firms. Trading stocks is profitable and fun at the same time. Watching the fluctuation in stock prices can give adrenaline rush, trust me! :)
