By King San Jose, RFP, MIFC, LFA
As of August 13, market went down again at 6,320.19|-236.38|-3.61% .Some people are wondering, why is the market going down even with good data with 11.8% GDP rebound.
We can address the issue by analyzing the data with the previous GDP report which contracted at -16.8%.
Next, Market is currently rebalancing as DMCI and Emperador will be replaced by Converge IC, AC energy and Communication technology communication in the PSEi index.
Strategic strategy:
Basic fund strategy: Start building up your Local Philippine Stock Index portfolio.
Market starting to look cheap during this condition as covid 19 Delta variant continues to spread in the country. If the the market continues to go down below 6000, this is an opportunity for investors to acquire more. We believe as the covid vaccines continues to arrive in the country, we can expect a strong rebound in the economy within few years.
The last we have this type of opportunity is during the 9-11 attack and the Asian Financial crisis. Based on history, market was able to correct and overcome these obstacles.
Ready to invest?
Available Funds for Philippines PSEi:
Equity Fund , Growth Fund, Guardian Fund, Select Equities fund
Talk to our Licensed and Certified Wealth Manager today:
www.sanjoseandpartners.com/contact | Helpdesk (02) 8790 .4111
| E: insularlife@sanjoseandpartners.com
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