A couple of weeks ago, I had a conversation with our landlord here in Dubai and found out that his finances are in tatters. Mired in debt with no clear solution. He even owes money to relatives, friends and some people in church. I’m not talking about 5 digits of debt; he owes the bank and other people a total of AED 365K (PHP 5.152 Million)! That’s a staggering amount especially for someone whose income is not even enough to cover the monthly payments.
There are different ways in which a person can make money in the stock market. One is by Active Trading, and the other through Long Term investing.
Active trading requires constant monitoring of one’s portfolio or current holdings. The amount of time you need to spend monitoring your portfolio depends on the kind of trader you are.
The Stock Market is one of the best ways to make your money work for you. Some companies have seen their share prices rise to more than 1000% in the last 15 years, some even higher. Average annual returns for most blue chip companies range between 10-15% per annum which is higher than most asset classes in the market.
If you haven’t invested in the stock market yet, but are planning to, here are a few things you need to consider before doing so.
This is our second time to attend Money Talks UAE, and this by far has been the best and most interesting one we’ve been to. The conference was supposed to start at 1PM, but due to technical glitches it started at nearly 2PM, cutting the entire conference time short by almost two hours, and forcing the speakers to shorten their discussions a bit. It was not the full-day conference like the previous ones; a bit short on time, and cut even shorter due to technical difficulties, but definitely not short on information and new learnings from the excellent speakers.
Near the end of 2017, the PSEi (Philippine Stock Exchange Index) rallied to New Highs as it broke past 8500 levels and went as high as 8900 in the first week of trading for 2018. Many stock market investors and traders, myself included were jubilant to say the least after learning that the market has finally broken through the 8500 levels after going sideways for quite some time.