With the presence of online stock brokering, the Philippine Stock Exchange (PSE) has been more reachable for a lot of people in and out of the country. The online platform has welcomed different investors all over the world including those abroad, especially the Overseas Filipino Workers (OFWs).
The consistent growth of accounts has led to a higher trading movement of the stock market. In fact, in 2016, there was a 53.7 percent overall increase in market transactions or trades, and the majority of which was done online.
Where Are the Retail Investors?
As per the PSE’s 2016 Stock Market report, 96.1 percent of the total number of retail investors were based locally, and the remaining percentage were from abroad.
70.6 percent of those who were based in the country were from Metro Manila, 16.4 percent were from Luzon, 6.2 percent were located in the Visayas area, and 2.9 percent were stationed in Mindanao. The remaining 3.9 percent of the total retail investors’ population were based overseas.
How can OFWs Invest in Philippine Stocks While Abroad?
Being far away from the homeland does not mean you cannot invest in the stock market. Just like how the Philippine-based investors do it, it works the same with OFWs from across the globe.
Aside from learning how to invest in the Philippine stock market, and knowing how to buy and sell stocks, there are also other things to consider:
Deal With a Licensed Broker
Since you are abroad and you cannot do on-hand and personal transactions at the PSE, you can look for a stockbroker firm that can manage your investments since you cannot deposit your cash directly to the PSE.
In dealing with brokers, make sure that they operate legitimately. Because if you are not keen enough on checking the firm’s background, you might encounter fraud firms that will just steal your money.
Treat Your Stock Investments as a Business
To properly manage your stock investments, treat it like you are running your own business. Sure, starting a business and running it from unknown territory is quite the challenge. For you to get an easy grip on things, think of it as a partnership with the companies.
Investing is always risky, but if you don’t try it, you’ll never know if it will work for you. If you need more information on how to invest, trade, and predict trends in the Philippine stock market, we will help you with our investment consultancy services. Contact us today!
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