Monday, September 15, 2014

PSEi seen to breach 8,500

According to COL Financial's head of research April Lee-Tan, the Philippine Stock Market will hit 8,500 by end of next year, 2015.

Despite uncertainties, i.e. next presidential election, rising inflation, rising interest rates, port congestion in Manila, impending power shortage and Asean Economic Community integration, the leading online stock brokerage firm is confident that the PSEi is still poised to reach new highs, even breach the 8,500 mark.

What's in it for us?
Currently the stock market is trading at 7,100 - 7,200 index, it is an awesome opportunity to accumulate stocks.  I sadly realized while trying to buy today that most of my favorite stocks have breached their buy below prices, it is crucial to stick to the winning strategy of buying "discounted" stocks regularly in order to realize significant gains next year when the PSEi hits new highs. Be on a lookout, take advantage by buying more during "dips". 

No comments: