• Speaking Engagement
  • Personal Financing
  • Daily Dose
  • Business Ideas
  • Stock Market
  • Contact Us

Pinoy Investment Guide

~ Learn on my Journey in Learning About Investing

Tag Archives: Overseas Filipino Workers

OFW Investors Should Take Advantage Now

28 Wednesday Aug 2013

Posted by Dexter Panganiban in Stock Market

≈ 1 Comment

Tags

exchange rates, OFW, OFW Investment, OFW Investors, Online Filipino Workers, Overseas Filipino Workers, PSEi, PSEi Index, saving early

We know that Philippine Stock Market (PSEi) is now low due to what is happening in other part of the world like Syria and the possible FED tapering as they say. Lots of foreign investors are pulling out their money and transferring to some places where there is possibilities of gaining more. In fact as of this writing PSEi is trading at 5605 which is almost the same price as of November 2012.

So how are we going to take advantage of this time?

For your information Peso exchange rate is now higher than before, upon checking, the present exchange rate is Php 44.5/USD. For us Online Filipino Workers and Overseas Filipino Workers, our salary is higher than before when it is converted to Philippine Peso. Technically all dollar earning people should take advantage of this time.

So here we go, If we have a higher salary and the market is low, it is really high time to invest, so that when the exchange rate goes back to it’s normal rate which is 40 to 42 and the Philippine Stock Market (PSEi) goes back to 7403, which is the all-time high in PSEi, your gain will be sizeable.

So don’t spend your extra earnings due to higher exchange rates, invest the difference and delay your gratification. Because the tendency of OFW is to buy things which are not important when they have extra cash. So better change your attitude towards money.

I suggest to have a cost averaging strategy in investing, just invest a constant amount on a monthly basis and wait until the market goes up. This is really advisable for younger generation but if you are already at age higher than 60’s I would not suggest you to enter into stock market or mutual fund connected with equity fund. Instead go for a less risk investment.

Younger generation have lots of time to recover, as the market have it’s cycle. I would like to share my Video Blog about saving early.


Video is edited by my daughter : Micaella

♣ Subscribe

  • Entries (RSS)
  • Comments (RSS)

♣ Archives

  • January 2025
  • August 2024
  • June 2024
  • May 2024
  • January 2024
  • June 2023
  • July 2022
  • February 2022
  • August 2021
  • July 2021
  • June 2021
  • November 2020
  • September 2020
  • April 2020
  • February 2020
  • January 2020
  • December 2019
  • October 2018
  • May 2018
  • September 2017
  • August 2017
  • August 2016
  • July 2016
  • April 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • June 2015
  • January 2015
  • September 2014
  • August 2014
  • March 2014
  • February 2014
  • January 2014
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • August 2012
  • July 2012
  • June 2012

♣ Categories

  • Bitcoin
  • Blog Information
  • Business and Economic News
  • Business Ideas
  • Crypto
  • Daily Dose
  • Featured Post
  • FOREX
  • How To
  • Miscellaneous
  • Personal Financing
  • Real Estate Investing
  • Speaking Engagement
  • Stock Market
  • Tagalog Blog
  • Uncategorized

♣ Meta

  • Log in

Proudly powered by WordPress Theme: Chateau by Ignacio Ricci.