Stock market pays for experts, amateurs
MANILA, Philippines -- The profits they make in the stock market on a weekly or even daily basis can easily equal, if not rival, most monthly salaries of fairly high-level corporate executives.
But Danny Go and Bonner Dytoc, middle-class blokes who are not even 40 yet, consider themselves no different from the rest of us. Except for the fact that they are smiling all the way to the bank.
The mass of Filipinos may not yet be feeling the effects of the new highs in the Philippine Stock Exchange Index (PSEi). But market traders like Go and Dytoc have been making a killing since the local market started rising around a year ago.
If you want to get serious about making your money grow, please invest them. For the young ones new to the word investing, it's a way of making your money grow without you having to lift a finger. Or, at least not that much. There are a lot of instruments around that can make that happen for you, from bonds, mutual funds and stocks. Your choices will just depend on how much "reward" you want to get.
Have you heard of NAVs, UITFs, portfolio, diversification and asset allocation? If these are too foreign, how about "taking profits"? Now, we're talking... To put it simply, those are but a few words that go along making passive income.
If you're a little anxious, don't worry. There's a crowd of investing newbies and experts that are grazing the PinoyMoneyTalk forums, sharing knowledge and ideas about financial matters. The threads are very inspiring and informative. Here's to share a few:
I hope everybody takes time to sit in the forums and educate themselves. A lot of what you'll learn here are stuff they never teach in school. Get out of the rat race and be prosperous, Pinoys! Don't be left behind!