Beginning of the year showed a slump in the Stock Market as the PSEI went down from about 4200 to 3800 Index Points. Now, it has gone back to 4200 level and is poised to break this current ceiling regardless of what is happening with the Oil and Gold prices. Once again, the guru is proven right... do not time the market...just keep on investing.
One favorite Mutual Fund we have (FAMI) already had a 7% rate of return! 1M Php earned 70,000Php in just 3 months. 7% gain is what you can get in 2 years at about 2.5% TD (Time Deposit) rates. Is that good or good? Will it help you make more money from your savings and investment? Is it safe? Is it legal? The answer is simply YES and, the best thing about this is it is net of tax!!!
My fearless forecast... the projection of the financial experts that we will breach the 4500PSEI level by end of this year will come early. This is because the US economy is shrinking and a lot of people are in debt which will pave the way for investors in the US Market to find alternative Asian Markets. With our dollar reserves , good government image on anti-corruption, and many infrastructure opportunities... our country , our market is one attractive nesting place for external investors as well as our compatriots who are expats abroad looking for investment opportunities away from USA..
So keep those investments coming!
God bless!
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