“Has the PSEi reached the bottom?”

No one knows.. not even those TA or FA experts.. not even Madame Auring or Dr Xavier.

Exerting effort to predict the market is a futile exercise.

hi salve. is short selling allowed in PSEi? they say it’s the only way to profit when markets go down

@ACN, Sunlife CEO Henry Herrera, who is also an actuary and does both FA and TA, told me yesterday after I asked him whether the PSEi had hit bottom: “Who knows? I don’t care.” The basic message is that when your investing timeframe is 3-5 years, peso cost averaging works best. Will write a longer piece on that today. Regards.

@levity, the PSE guys have drafted the rules for short-selling, but just between you, me and the lamp post, market participants are not so hot about those rules. The general reaction is a snort. Tell you more after an interview with Citisec this afternoon. Take care!

@Salve,of course the market is not so hot about it because they belong to the 90% of the population who has the 10% of wealth. Well I’m very anxious at short selling to be allowed at PSEi because I want to be one of the 10% of the population who has the 90% of the wealth(I’m one of WB wannabe’s). Going down is faster than going up. I want fast but not easy money. There’s a difference between the two. I have little experience in the stock market but I would agree that it’s time to educate ourselves. I’m willing to lose a little and gain education how to get that hard but fast money than easy but slow money like mutual funds. Risk is not good or bad, it’s part of the game. Just have fun investing guys.

“The basic message is that when your investing timeframe is 3-5 years, peso cost averaging works best.”

I agree! PCA works!

Unless you have other funds coming in for stock investment, it is wise to stay out of equities. my 2 cents worth

I’ve read the rules of the proposed short selling program for the PSE. If they haven’t changed the rules, it’s a whole lot of work to subtly tell you it may better off not to short sell. The proposed short selling here is so unlike short selling in the US where it’s as easy as pressing the enter button. Of course there are certain issues there with conditions on shorting but generally it’s as easy as buying a stock.

With us, not only do you have to deposit either the amount you want to short or the certificates of the stock that you plan to short, but you also have to wait for your certificates to clear for a minimum of 2 trading days. By such time, it may be too late to short.

Our PSE has to observe carefully how other markets are doing it. They already know that less than 1% of our population engages in stock trading. They have to exert more effort in educating the public to convince them to participate in the market.

I was just looking at my portfolio this morning and boy, the cost of the stocks I bought is almost half of what it cost last year. Man we had a good one last year didn’t we?
Anyway, I just bought additional shares. Considering that stock and cash dividends have not stopped coming, it isn’t too bad really.

my stock is up 40%. you can still make money by picking good stocks. if you’re brave and can hold for 2 yrs, it’s a good time to buy. prices are ridiculously low.

Fitz you make us proud!

stock portfolio: 50% in dividend paying stocks, 50% in Mining and Oil.

if there are service guarantees on online trading particularly during major maket moves, then stock trading might become mainstream. just read the horror stories of online traders during downtime that usually happen on major market moves. those who want to get out cannot get out while those who want to get in cannot either. it is really nerve whacking and frustrating.

don2x, it depends on your online broker.. some of them can process your trade (just call their hotline) even if there system is offline.

acn, there are few online brokerage in the philippines and from what i read in other forums the issue of website downtime during heavy traffic on major maket moves has not been resolved. some even blamed the pse system to be unreliable. sure some online brokers have hotline numbers but ii is usually busy or just keep on ringing on those critical times.

in that case, it is ideal to be an investor rather than a trader.

Bought GLO for 1295, now its 1135. Honestly, I’m very much tempted to buy more.

Other stocks I’m very much tempted to buy are: ALI, BDO, and AT. But I’m still waiting for the right time to buy. I dont think it has come yet.

mzkukuro, i’ve been buying GLO, TEL and EDC also for cash divs..

i’ve started taking MEG din dahil sa sobrang bugbog nito. Come on brokers! Dump MEG pa! =D

“be fearful when others are greedy, be greedy when others are fearful” — may addendum ako dito sa line na to.. “but make sure you have fresh funds coming in” hehe

some choose the contrarian approach, buy low sell high. some use the trend is your friend aproach, just waiting until the trend is confirmed.others use buy and hold strategy.in this fast changing environment, there is no clear line separating the investor and trader.both use similar strategies depending on their personal preferences.

Hopefully, everything will start to do well after the U.S. elections! =)