Here you’ll finally be able to nail down the basics and essentials of investing in the Philippine stock market even if you have zero experience.
So when I finally decided to give it a try, I went the next day to an online trading brokerage firm. I started really small – 10k lang. (Yes you can start with as small as 5k lang actually).
then this is definitely the page for you.
You can also stop muna at this point and ponder how investing in Philippine stock market may help you in achieving some of your financial goals.
It’s high-time you start making your money work hard for you!
I was thrilled! How can multiplying money be that easy, I thought! Feeling all the excitement, I decided to sell it right away at that price. I posted a sell off-hour (after trading hours) order at 2.05 per share that afternoon, and was hit the next morning. Paper profits( meaning profits that’s still virtual until actually sold) became actual realized gains!
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With my humble 10k initial investment, I was too excited to buy a company share and brand myself a part-owner of a giant company. Hard-core traders would laugh on me for that, but I was already more than happy just giving it a try.
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I did the math, ‘twas more than 200 pesos gain just for three days. Hmm, not bad at first sight.I don’t think I can spot the same by whole-day roaming along the busy streets of Metro Manila.
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But computing the rate of return, that’s more than 9% gain in just three-day period of time! That was obviously not REALLY bad! (Note: To compare, your money in your favorite bank grows at less than 1% a year).
Wall Street is a funny business.
I couldn’t remember where I got the inspiration of buying Pangilinan-owned MPI as my next move, (I guess from some rumors), but elated by price appreciation I had in MEG in just three days, I purchased 2000 shares of it the next trading day. After just one week and one day, seeing another good return, I immediately put a sell order, and broom, that’s instantly more than 7% gain!
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Minimum investment required was 5000 pesos, but I put down 10k just to put a front that I have more than the minimum. Pride I guess haha. The lady in charge gracefully accepted it after examining my forms, then handed me an official receipt, which was also the highest-valued receipt I received ever since.