Showing posts with label 9.1 - what i read today. Show all posts
Showing posts with label 9.1 - what i read today. Show all posts
Monday, October 29, 2018
Monday, October 22, 2018
Monday, October 15, 2018
Monday, September 24, 2018
Thursday, September 13, 2018
Monday, September 10, 2018
Saturday, August 11, 2018
what i read today: After spending 5 years studying millionaires, I've found that there are 3 types of people who end up the wealthiest (11 AUG 2018)
The one common denominator all levels of wealth shared was time - it took many years to accumulate their wealth.
https://amp.businessinsider.com/3-ways-to-build-wealth-2018-7?__twitter_impression=true
https://amp.businessinsider.com/3-ways-to-build-wealth-2018-7?__twitter_impression=true
Monday, August 6, 2018
Wednesday, July 18, 2018
Wednesday, July 11, 2018
Monday, July 9, 2018
Monday, June 25, 2018
what i read today: In this bearish market, stay invested, but manage your risk (25 JUN 2018)
To make money in the stock market, you need to buy low and sell high. But if this strategy were so simple and obvious, why aren’t people scrambling to buy stocks given that the Philippine Stock Exchange Index (PSEi) is now trading more than 20-percent off from its peak of 9,058.62? On the contrary, investors are starting to panic, with the index now at the dreaded bear market territory.
Read more: http://business.inquirer.net/252982/bearish-market-stay-invested-manage-risk#ixzz5JOP5sVx0
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Wednesday, June 13, 2018
what i read today: Is the worst over for PH stock market? (13 JUN 2018)
By: Henry Ong - @inquirerdotnet
Philippine Daily Inquirer / 05:14 AM June 13, 2018
Just as a rising market needs to pause and refresh, a falling market also needs to take a break and recharge before it reverses or resumes its trend.
The stock market has been trading within a limited 300-point range since the massive correction occurred four months ago.
Read more: http://business.inquirer.net/252373/worst-ph-stock-market#ixzz5IFouMEms
Philippine Daily Inquirer / 05:14 AM June 13, 2018
Just as a rising market needs to pause and refresh, a falling market also needs to take a break and recharge before it reverses or resumes its trend.
The stock market has been trading within a limited 300-point range since the massive correction occurred four months ago.
Read more: http://business.inquirer.net/252373/worst-ph-stock-market#ixzz5IFouMEms
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Monday, May 28, 2018
Wednesday, April 11, 2018
Wednesday, March 28, 2018
what i read today: Berkshire Hathaway star followed Warren Buffett's advice: Read 500 pages a day (28 MAR 2018)
Todd Combs, an investment lieutenant at Berkshire Hathaway, got great advice the first time he encountered his current boss, Warren Buffett, in 2000, the year he started his MBA at Columbia Business School. The Oracle of Omaha was speaking to Combs and 165 other students during an investing class.
In response to a question about how to prepare for an investing career, Buffett told the students, "Read 500 pages like this every day," while reaching toward a stack of manuals and papers. "That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."
More ...
Thursday, March 22, 2018
what i read today: COLing the Shots (22 MAR 2018)
from COLing the Shots, COLFINANCIAL PHILIPPINES (22 Mar 2018):
"... if you are a long-term investor, resist the temptation to sell purely based on emotions. Even with the short-term challenges that the country is facing, we would like to assure you that the positive long-term outlook of the Philippine economy and the stock market remains intact due to the following reasons:
1. The Philippines continues to enjoy favorable demographics, resilient OFW remittances, and a growing BPO sector. In fact, for the month of January, OFW remittances grew by 9.7% to US$2.4 Bil, much faster than consensus growth forecast of 5.0%. The passage of the tax reform program recently will also allow the government to increase spending on infrastructure and social services, helping further boost productivity and economic growth.
2. The execution of the tax reform program has been very good so far, with the Department of Finance (DoF) disclosing that excise tax collections in January reached Php22.1 Bil, up 81.7% y/y and above the Php20.5 Bil target. The DoF also disclosed that the total tax collection of the Bureau of Internal Revenue (BIR) for the first two months of the year grew 10.8% to Php280.6 Bil. Higher revenues reduce the risk that the government will not be able to execute on its plan of spending more on infrastructure projects and social services.
3. Despite rising inflation, most consumer companies we have talked to said that sales during the first few months of the year have been very good. Possible factors boosting consumer spending include higher disposable income due to personal income tax cuts (resulting from the passage of the tax reform program) and the favorable impact of the weaker peso on families dependent on OFW remittances.
In fact, if you are underinvested, we would like to reiterate that the ongoing correction is a good opportunity to increase your investment in the stock market. In our COLing the Shots report last month, we said there is a possibility that the ongoing correction will bottom at its current level of 7,900 to 8,100. This is based on the median drop of the seven major corrections that took place during the past 30 years. Moreover, 7,900 to 8,100 is a good level to start accumulating stocks fundamentally speaking as the PSEi would be trading at ~17.5X 2018E P/E. This is already slightly below its 5-year historical average P/E of 18X.
However, nobody knows for sure if the market will bottom at the said level. According to COL’s Chief Market Technician Juanis Barredo, after breaking 8,092, the PSEi’s next support is 7,788. Moreover, there have been times in the past when corrections have been as deep as 17% (implying a possible bottom of 7,500). Consequently, you may consider scaling in your purchases. For example, you can choose to buy stocks weekly from March to June, at any level below 8,100. This way, you can improve your average buying price assuming that prices continue to drop."
"... if you are a long-term investor, resist the temptation to sell purely based on emotions. Even with the short-term challenges that the country is facing, we would like to assure you that the positive long-term outlook of the Philippine economy and the stock market remains intact due to the following reasons:
1. The Philippines continues to enjoy favorable demographics, resilient OFW remittances, and a growing BPO sector. In fact, for the month of January, OFW remittances grew by 9.7% to US$2.4 Bil, much faster than consensus growth forecast of 5.0%. The passage of the tax reform program recently will also allow the government to increase spending on infrastructure and social services, helping further boost productivity and economic growth.
2. The execution of the tax reform program has been very good so far, with the Department of Finance (DoF) disclosing that excise tax collections in January reached Php22.1 Bil, up 81.7% y/y and above the Php20.5 Bil target. The DoF also disclosed that the total tax collection of the Bureau of Internal Revenue (BIR) for the first two months of the year grew 10.8% to Php280.6 Bil. Higher revenues reduce the risk that the government will not be able to execute on its plan of spending more on infrastructure projects and social services.
3. Despite rising inflation, most consumer companies we have talked to said that sales during the first few months of the year have been very good. Possible factors boosting consumer spending include higher disposable income due to personal income tax cuts (resulting from the passage of the tax reform program) and the favorable impact of the weaker peso on families dependent on OFW remittances.
In fact, if you are underinvested, we would like to reiterate that the ongoing correction is a good opportunity to increase your investment in the stock market. In our COLing the Shots report last month, we said there is a possibility that the ongoing correction will bottom at its current level of 7,900 to 8,100. This is based on the median drop of the seven major corrections that took place during the past 30 years. Moreover, 7,900 to 8,100 is a good level to start accumulating stocks fundamentally speaking as the PSEi would be trading at ~17.5X 2018E P/E. This is already slightly below its 5-year historical average P/E of 18X.
However, nobody knows for sure if the market will bottom at the said level. According to COL’s Chief Market Technician Juanis Barredo, after breaking 8,092, the PSEi’s next support is 7,788. Moreover, there have been times in the past when corrections have been as deep as 17% (implying a possible bottom of 7,500). Consequently, you may consider scaling in your purchases. For example, you can choose to buy stocks weekly from March to June, at any level below 8,100. This way, you can improve your average buying price assuming that prices continue to drop."
Thursday, March 8, 2018
what i read today: Making sense of speculative stock hysteria (08 MAR 2018)
Speculative stocks tend to rise whenever the PSE index falls and when share prices of blue-chip stocks go up, speculative trading tends to become less active.
This inverse relationship has never been more negative lately when the market started to fall from a record high in January. The number of traded dormant stocks, mostly negatively correlated to PSEi, rose to 26 percent from 19 percent last year.
Read more: http://business.inquirer.net/247263/making-sense-speculative-stock-hysteria#ixzz596rIpx31
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Wednesday, March 7, 2018
what i read today: Who are the PH Companies Eyeing to Launch the Country’s Third Telco Player? (07 MAR 2018)
Until late last year, a third telecommunications company player to compete with the so-called duopoly of PLDT and Globe Telecom seemed like wishful thinking, even if President Rodrigo Duterte set a March 2018 deadline for the new telco to be up and about.
But that changed this month when the Department of Information and Communications Technology (DICT) released a memorandum circular detailing the draft regulations on the qualifications and selection of the new major player (NMP) in the telecommunications industry on February 19.Read more ...
https://www.entrepreneur.com.ph/news-and-events/who-are-the-ph-companies-eyeing-to-launch-the-country-s-third-telco-player-a00200-20180302
Wednesday, February 28, 2018
what i read today: How inflation risks affect stock prices? (28 FEB 2018)
How inflation risks affect stock prices?
It is a common notion that when interest rates increase, the stock market tends to fall because fixed income securities become more attractive due to higher yields.
The recent market correction in the PSE Index, which wiped out all the gains made last month, was caused apparently by fears of rising interest rates stemming from possible rate hike in the US. This was aggravated by the January inflation of 4 percent, was the highest in three years.
Read more: http://business.inquirer.net/246666/inflation-risks-affect-stock-prices#ixzz58MIDpwL5
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
http://business.inquirer.net/246666/inflation-risks-affect-stock-prices
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