Are You Afraid of the Ghosts? Part 1
In Chinese superstition, this is the "Ghost Month" and it is believed to be a bad time to invest. Or is it really? We have to know that what affects investments like bonds, stocks, and the UITFs and mutual funds is not seasonality, but market developments. And the market reacts to different things: government regulation, international trade, industry trends, etc. And beyond these external factors, don't forget the internal factors too: your capacity to invest, your reason for investing, how long you plan to invest for, your risk profile, and your understanding of what you're investing in. Here we "pick the brains" of our experts when it comes to investing; sparing a couple of minutes will make you more knowledgeable than you were a couple of minutes ago ;) and maybe, will make you less afraid of ghosts. First, we have Sheila Limon, RFP®, CWM®, CIS, MBA is currently the VP and Head of Direct Sales for First Metro Asset.
Yes, it is a great time to accumulate shares precisely because if the price is not moving up, then you can practically get more during the alleged “ghost month”. For traders, this is a time to be heedful. But for long-term investors, it’s a good time to buy, especially stocks that went down due to this temporary weakness in the market.
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