How is the Philippine Stock Market doing?
I have been out of the country and was wondering how the Philippine stock market is doing. The first time I talked to a broker was around seven years ago. I had just finished college and wanted to try buying stocks. It was supposedly a booming market. Daily trades were at a remarkable Php4-ish (or was it 5) mark. I didn't know anything about it back then.
So I just had a look at my online account today and found the following information for the most recent trading day:
Total Trade 31,744
Total Value 13,124,067,307.50
Total Volume1,372,853,880
Php13billion! ($98M) That's a huge jump in seven years! That'll make for a great sales pitch for brokers. But really, what is the implication of the trade value jumping three times in value in seven years. Does that mean that if I throw money into the market, I could potentially triple my money? How I wish it was that simple. The PSEi (index) was at around 3,000 when I started buying stocks. It dipped significantly between now and then. Currently, it's about 6,000. If I tracked the index, I could have doubled my money. That's a nice simple, common sense way to invest, right?
So I just had a look at my online account today and found the following information for the most recent trading day:
Total Trade 31,744
Total Value 13,124,067,307.50
Total Volume1,372,853,880
Php13billion! ($98M) That's a huge jump in seven years! That'll make for a great sales pitch for brokers. But really, what is the implication of the trade value jumping three times in value in seven years. Does that mean that if I throw money into the market, I could potentially triple my money? How I wish it was that simple. The PSEi (index) was at around 3,000 when I started buying stocks. It dipped significantly between now and then. Currently, it's about 6,000. If I tracked the index, I could have doubled my money. That's a nice simple, common sense way to invest, right?
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