Filipinos should take advantage of the country’s rising economy by investing in the stock market instead of just letting their money sit at home, a registered financial planner said.
Financial Planner Marvin Germo, who authored books on stock market investing, said the public should start considering investing in the stock market as the Philippine Stock Exchange continues to rally and most of those who gained from it are foreign investors.
However, Germo said anyone who wants to invest in the stock market should also study the market before coming in or let fund managers handle their investments.
“Investing in the stock market allows you to gain from the country’s rising economy,” he stressed during the Money Talk Media Forum conducted by Philam Life and Philam Asset Management Inc. (PAMI).
In a separate interview, Marcel Woo of BusinessNewsAsia.com, a news site that tracks Asian stock market indexes, said there is not better time than now to invest in the stock market.
“The Philippine economy has been growing and forecast for the country’s economic growth has been positive for both the short term and the long term,” Woo said.
PAMI President and CEO Ferdinand Barba, however, stressed that investing in the stock market will not immediately make one wealthy. It takes patience, he said.
“I wish I could tell you that investing will make you rich overnight, but keep in mind that what’s easily gained is easily lost,” Barba explained, adding that the main strength of investing in the market is to build wealth over time.
Those who want to invest in the stock market but lack the right investment knowledge and information may avail of fund managers, such as the PAMI Equity Index Fund, to handle their investments.
PAMI Equity Index Fund invests in the country’s blue chip stocks, allowing anyone who has P5,000 to start investing in the market through a team of investment experts. – BusinessNewsAsia.com