More Reasons Why We Must Continue to Invest...

After two years of more than 60% ROR in my favorite Mutual Funds, the question I have , as well as of those whom we coach is: Now, do we still invest? Of course, we have to continue to invest as we expect the market to continue to swing upwards. And, my fearless forecast is that Mutual Funds will continue to beat the past 5 year record trends.

See the update below I have taken from PDI dated 01/06/11....

So, what are you waiting for? You want to see the stocks dive first before you come in? You wont be able to time the market... just continue to invest and you surely will be able to achieve your financial goals..

Happy investing!

God bless!




Philippine Daily Inquirer
First Posted 21:52:00 01/06/2011

Filed Under: Stock Activity, Markets & Exchanges

MANILA, Philippines—Share prices inched up Thursday as investors took heart from buoyant sentiment abroad.

The main-share Philippine Stock Exchange index added 4.27 points, or 0.10 percent, to 4,217.25.

The modest upswing was led by the holding firm and mining/oil counters, which surged by 1.16 percent and 1.68 percent, respectively.

On the other hand, investors traded industrial, financial, property and services stocks with caution.

Value turnover amounted to P4.34 billion. There were 92 gainers against 62 decliners, while 33 stocks were unchanged.

There was a net foreign selling of about P241 million.

The most actively traded stock for the day was newly listed mining firm Nickel Asia Corp., whose share price rose by 5 percent to P18.46 a share.

Other stocks that gained on heavy volume were Manila Electric Co., SM Investments Corp., Energy Development Corp., Semirara Mining Corp., Alliance Global Group Inc., Megaworld Corp., Ayala Corp., Atlas Consolidated Mining & Development Corp., First Philippine Holdings Corp., Cyber Bay Corp., Philex Mining Corp., Universal Robina Corp. and Aboitiz Power Corp.

On the other hand, Metropolitan Bank & Trust Co., Cebu Air Inc., Philippine Long Distance Telephone Co., Ayala Land Inc., DMCI Holdings Inc. and SM Prime Holdings Inc. succumbed to profit-taking.

On Wall Street, brisk trading was sustained overnight on a string of favorable US economic indicators, the latest of which was a larger-than-expected increase in new private sector jobs.

The Dow Jones Industrial Index was up by 31.71 points, or 0.27 percent, to 11,722.89.—Doris C. Dumlao