Monday, July 14, 2008

Philippine Stock Exchange: Less than half of 1% Pinoys invest in the stock market


When I was downloading the Red Herring from Sultan Mining IPO a month ago and came across this article from the Philippine Stock Exchange website.

Going back in early 2000, I was a 19 year old college student. I became fascinated with stock market. I played and joined with www.virtualstockexchange.com wherein high school students in the U.S. do mock trading with nothing. The concept of the website was to teach the young students on the concept of the stock market, investments and business and at the same time prepare to be in the corporate world as passive investors which would be beneficial for them in their future endeavours.

I have also read this article on Phillippine Star the other day and seen some it online through ABS-CBN News Online regarding this (See Article).

See PSE Article released on June 16, 2008.

One of the author of well-known Philippine finance blog also made comments on the PSE article. He recommends that there should education through roadshows and also setting up a basic talks in schools and fairs and I agree to that in teaching the young. In the US, some high school student already have the knowledge in trading stocks through mentoring from their teachers, corporate sponsors and other people involved in stock market.

Therefore, we need to educate the Pinoys with this. I guess, in order to let the people know the stock market is by launching a financial education among the youth. The young people are the best targets for this. Teaching them young would encourage to be more responsible and financially educated.


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