With two investment grade ratings under our belt, local corporations disclosing record net profits and one of the hottest stock markets in the planet. Good news just keep on coming for our beloved country!
But the good times just keeps on rolling! It was just announced today that we have a 2013 Q1 GDP of 7.8% beating all estimates that analysts have pegged for the country! This is our best GDP performance under the Aquino administration and currently this is the best GDP in Asia! When people have discounted our ability to shine even brighter we just showed them that our nation is here to play ball with the best economies in the world! I believe this with all my heart, 10-15 years from now the Philippines will be a better place an economic powerhouse
What's amazing about this is most of our economy now is majority of it driven locally by consumption! What this means is we are earning from our own people and we shielded from any risk of declines in exports as what is battering China now.
The market is right for the picking, it's time to invest and it's time to for more of us Filipinos to take part in this. I've heard different reports of foreign investors saying that our country is expensive. But I say with that premium comes value and promise of bigger and better growth. Foreign investors can come and go and take profits and selldown our market and transfer their funds elsewhere. But I look forward to a day when there will be so much Filipinos invested in the market that we can hold our ground in spite of foreign investors selling and taking profits. I believe this is happening soon and I believe we will see this unfold before our very eyes.
The government and the business sector is all on our side towards progress. This is indeed our time and moment!
I received different questions today with similar undertones: "Since our GDP is way up, why is the market down?"
One of the biggest reasons why we are down is because the whole region is down. As mentioned in my previous article, we are not immune to the global sentiment and large losses in neighboring countries would also trigger a negative sentiment in our market. As of this writing Japan has just entered a correction of 12.5% down from last week. Another reason why we are down is because the selling and profit taking has not stopped. some have used the good news as a trigger for them to exit and sell. As evidenced by the spike that we saw in the index earlier today.
If you are in the market for the long term whether you are an investor, a position trader, or someone who does Peso Cost Averaging opportunities like this should be an opportunity for you to buy! Again don't catch the stock while it's falling rather catch them when they have already fallen.
My take on this selldown is an opportunity for you to buy! Again don't buy as they are falling down but buy as they are to reverse back up. As of this writing the market has fallen sharply and sometimes panic follows as fear sets in into some investors. What's important is to stick to your plan and follow your strategy and convictions.
The Best Economy in Asia + Mid&Long Term Uptrend + Relatively Cheaper Price = BUY
I'm buying because I believe in the Philippines, I love our country and I know the best is yet to come! I hope more and more Filipinos get to hear this and see that it's time to believe in our country ones again! The blessing of God is in the Philippines and is here to stay! We are irrevocably blessed!
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