I am a physician, currently practicing as an Anesthesiologist. My other passions are finance and investments. As of 2013, I have passed all three levels of the Chartered Financial Analyst (CFA) exams, all in my first attempts. I received my Masters of Business Administration degree in 2008. I received my certification as a securities specialist from the Philippine Stock Exchange in 2009.
The markets are not doing good right now. The Philippine Stock Exchanged (PSE) just experienced “Bloody Monday” on August 24 (news here). A down market doesn’t necessarily mean that it is already in a bear phase. Unfortunately, there are investments that have already entered bear territory in 2015,
For new investors, I suggest reading investment related books. Unfortunately, many of the books available are either thick, difficult to understand textbooks or self-help, motivational, “get rich now” books that offer no real-world value.
That’s why it is a joy to come across a book that reaches out to new investors, that uses simple terms, and that doesn’t promise the reader that he will be on the expressway towards riches or financial freedom.
COL Financial, the Philippines most popular stock brokerage firm, has just downgraded its 2015 yearend forecast for the Philippine Stock Exchange Index (PSEi) to 7,950 from the 8,300 it predicted in January.
Someone very important made an even bolder PSEi prediction — will he downgrade it as well?