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Trading Stock in the Philippines? Should or should not

kindawn

Trading stock nowadays is a popular way for investment, anywhere in the world. But when it comes to the Philippines, should we? Especially for foreigners? Recently BDO has released its online trading platform, BDO Nomura, it is quite useful for people who already secure a BDO account. I just wonder if the ROI in the Philippines stock market is worth a try. Anyone here with some experience? :)

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Fred

I would strongly suggest ordinary °µÍø½ûÇøs with little knowledge of stocks avoid this like the plague.
Apart from my inability to find a working site for this, and two sites show up, stocks is a game for pros - and mugs for pros to steal money from.

In my opinion, it's a daft game you will lose money on unless you know what you're doing.

Zyrena

kindawn
Today 13:22:39
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#1

please what references made to>>> BDO  <<< ok what is it name stand for

redards

pnwcyclist

kindawn wrote:

Trading stock nowadays is a popular way for investment, anywhere in the world. But when it comes to the Philippines, should we? Especially for foreigners? Recently BDO has released its online trading platform, BDO Nomura, it is quite useful for people who already secure a BDO account. I just wonder if the ROI in the Philippines stock market is worth a try. Anyone here with some experience? :)


Do you know anything about investing? Stock markets?

There are a couple of old sayings that come to mind:

1. You should never invest in markets you don't understand.

2. Never invest money in the stock market that you can't afford to lose.

With that said, if there is a business you particularly believe in, and you understand their fundamentals, competitors and market place.. have at it.

pej1111

pnwcyclist, post nailed it on the head.

The only advantage of investing here as opposed to using your own country may be taxation, what you would pay here V what tax you would pay in you own country.

Remember that investment companies do a lot of work and the due diligence of companies (Stocks) prior to investing with them, unless they are chasing a spec market.  To invest in a business, which is what you do when investing in a stock on the Philippine Stock Exchange, make sure you understand it and the risk that come with investing in it.   

Kapa any one :) ?  LOL.  Those that you who know of Kapa will know my reference here.

Tim_L

Zyrena, BDO= Banco De Oro

mugtech

pej1111 wrote:

pnwcyclist, post nailed it on the head.

The only advantage of investing here as opposed to using your own country may be taxation, what you would pay here V what tax you would pay in you own country.


Except USA citizens are required to pay income taxes on their world wide income, so it just complicates reporting.  A well diversified portfolio of mutual funds is probably the best, safest investment tool for those who want to be stockholders.