I had a great lunch with my sister's family in the newly renovated Guam Reef Hotel at the new Main Restaurant & Lounge(formerly Alize Restaurant). And as my usual Sunday afternoon, had my coffee at Infusion Coffee & Tea here in Upper Tumon and browse my online stock portfolio accounts.
Lots of newbie investors and veteran traders are mentioning the upcoming correction. And you know what that means. But COL Financial's COLing the Shots is saying a different thing. Most would agree that the Philippines is upbeat. We are expecting the PSEi to reach 6500 level this 2013. But amidst this so good stuff we can't take out the fact that what goes up should go down. Remember that corrections are good time for the stock market to really "correct" itself for the overpricing it is experiencing due to continuous appetite of investors. The report from COL Financial which you can read in full here is not saying the Philippines won't achieve another stellar year but rather says that it would be a volatile year.
One reason for this volatility is the healing European and US economy. Greece did not go to bankruptcy with the help of its Euro members and US escaped the fiscal cliff. Soon we will expect this markets to look good and as it turns to look good foreign investors will start pulling out investments and shift to those markets, of course we can't blame them. They should be putting their money where the profit is. But such event should not be look at as a negative for the Philippines.
When that happens of course stock prices will go down which is good because we can buy stocks cheaper. Also since stocks are at a bargain we should take advantage of buying blue chips stocks. Such companies should be truly owned by Filipinos and it is at this event that we can take advantage of it.
In order to keep the Philippine economy up we, the Filipino people, should support and keep it funded. It is still sad to know that only a mere 1% of the Philippine population invest in the stock market. Yes there are so many investment scams and other fraud happening in the country and it is up to us to equip ourselves to learn and be a wise investors. The government is also doing its best to safeguard the public against these scams but such should not rest on the government but should be on you the investor. Always scrutinize your target investments and keep on asking and inquiring so that you won't have any doubt, always remember that you are the one investing and thus if these investment companies want your investment they should be able to prove to you that they are legal and that they are not a scam.
Besides that I guess we should continue to learn more about our stock market. Most brokers provide updates for their investors for guidance only like COL Financial's COLing the Shots. Also you can read MoneyLifeBlood's latest post Top 10 Hottest Personal Finance Trends to Watch Out for in 2013 to learn what to expect in the Philippine this coming 2013.