Any form of investment has inherent risks involved. As investors, you have to conduct your due diligence before jumping into something. Never ever give your hard-earned money to some investment scheme you dont fully understand.
Recently, Rural Banks offering high interest rates for their Time Deposit products have experienced some setbacks. We saw how G7 Rural Bank went belly-up, one of the biggest and trusted rural banks, a few weeks back.
And now, rumors are hounding investors of the Legacy Banks, with issues of solvency and integrity.
To know more about it.. read this article from Inquireror follow this Forum Thread for recent updates.
As simple investors, we probably won’t know the real deal, until all the dust settles. But, if you have done your assigment before placing any investment, and you have understood all the risks involved — then, there’s no need to worry. Besides, PDIC will always be there to insure your money.
So, is it Risky? If you just followed the herd and didn’t do any research — yes, it’s Risky. But, if you have considered all the elements — like bank history, reasonable interest rate for your investment, and PDIC limit — then, the Risk is minimized or even close to Nil.
Finally, PGMA signs Republic Act 9505 or PERA into law. This should help Filipinos think about their retirement and save for the future. To know more about it, you can click the following links:
If you want to know more about the Philippine Stock Exchange (PSE), they are now broadcasting Live during the Trading Hours on Channel 03 of Global Destiny Cable. Recently, PSE signed a Memorandum of Understanding (MOU) with GNN Channel 03 (GNN – Global Network News), for a live television and internet broadcast. This is only available to all Destiny Cable subscribers.
This is a god avenue for beginners to know more about the stock market and stock trading. During the show, aside from seeing the Trading Floor in real time, the show discusses several stock related features, tidbits, and news for the benefit of traders and future traders alike.
This is PSE’s attempt to reach out to wider audience to introduce stock trading to common people, and to educate the public on the advantages of stock trading as an invetsment tool.
Not a very fancy broadcast/show compared to the other major networks like ABS and GMA, but based on the episodes I saw, it’s very educational and layman (they go for depth and not just graphics and theatrics)– good for the general public contemplating on investing in the stock market. Catch one of their live broadcasts and decide for yourself.
It’s two months in a row we’ve been hitting double digit inflation rate. And with the rate things are going, we can expect double digit inflation until the end of this year. Though the price of crude oil in the world market has significantly gone down from $147 to $118 in past 3 weeks, we’ve yet to feel the impact. By far, it was just Php1.50 rollback for local gasoline prices — hopefully, more rollbacks to follow soon. (paging Shell, Chevron, and Petron!)
I think more and more filipinos are feeling the pinch, and have changed their spending habits. If you haven’t, then you’re headed for a big trouble. One big change is that most people are now utilizing the public transport system, and driving less. Most major routes have lesser traffic even during the rush hours.
As common people, inflation is something we can’t avoid. We just have to cope with the situation smartly.
Expect more interest rate hikes from the Central Bank — hopefully commercial banks can now offer better rates. Just yesterday, PS Bank is offering 7% p.a. for 5-year placement Time Deposit, with monthly out interest, for a minimum of 50K. Not bad, probably the highest rate among commercial banks. Though, i still prefer Rural Banks for TDs
OFF TOPIC: I have shifted my interest back to the Stock Market. Some stocks have very compelling prices, especially for long term goals. My stock picks, MEG (Megaworld) and MBT (Metrobank). I’m not overly aggressive, but started bargain hunting for quality stocks. PLTL (Piltel) is declaring dividends this August — good news to their shareholders. To know more about online stock trading, visit www.citiseconline.com
Posted by artgamolo 
Posted by artgamolo 
Posted by artgamolo 
