Philippine Stocks
Philippine Stocks are no different from wall street shares of stock. Some says that it doesn’t matter if you invest in shares of stock of multi-million dollar or peso on private or public trade retailers. When you buy a certain share of stock, you are purchasing the a tiny portion of a company. Shares of stock represent pieces of a business.
I know a Filipino, like Manuel V. Pangilinan aka Mr. MVP an investor and sports enthusiast, who owned the Talk N Text, Meralco and Smart Gilas in basketball aspect. He also owned the top 4 Philippine Stocks and the following are:
1. PLDT (Philippine Long Distance Telephone)-Stock code:TEL
2. Metro pacific Investments - Stock Code: MPI
3. Meralco ( Manila Electric Company ) - Stock Code MER
4. Philex Mining Corporation - Stock Code: PX
I want to be MVP someday because he is very good in investing in this country aside from that he is helping Philippine sports athletes.
Building wealth with stocks is not just like walking in the park, it takes courage with strong heart.
Here are the tips on how to invest stocks in the Philippines if your a foreigner, credits to ehow.com.
- Learn more about the Philippines and its history. The major industries are currently tourism, agriculture, mining, back-office service outsourcing and manufacturing. It’s a surprisingly diverse mix of industries, and it has been growing rapidly relative to the past several decades.
- Contact a Filipino broker. You can only trade on the PSE the old-fashioned way—by sending in telephone orders to your broker. The PSE does not offer online order execution, as it is forbidden by law. Luckily, you can at least track stocks on the exchange through the Internet.
- Open a foreign investment account in the Philippines and fill out your Reference Card and submit your identification papers for registration. Your Filipino brokerage firm should have copies of the documents and will ask you to complete them before completing your account creation. After you’ve filled in your card—which will just ask for your basic identity information—and submitted copies of your papers, you will be ready to trade.
- Consider investing in Filipino stocks listed on foreign exchanges for greater convenience. For example, companies like Philippine Long Distance Telephone (PHI) are listed on the New York Stock Exchange (NYSE).
- Hedge your investments in a less volatile and more established market. The PSE has been known to gyrate wildly relative to more stable global economies. It can help to know Filipino to stay abreast of the local business news if you plan to invest there.
