⌛ yabs i think you answered me about stocks

i cant find your answer post on here so i cant contact u pm- anyway u advised me to stay from" financials" as an investment strategy at this time- so would u consider this philippine corporation which owns several banks and offers 20% return on cash - a "financial" to be avoided at this time? it seems to me like it would fit this catagory. also what do u think of investing in the icelandic kronur which pays 10%- would this be considered a "financial/" Thanx

 

Well. this was not ment for me, but felt like give it a answer anyway.
In general it is no free lunch. And what sounds to good to be true, often ends up to be not true also.
To invest in Icelandic kronor(which is one of my neigbour country with financial problem at this time) can show up to be hasardous.Their fiancial system have for a while been greedy for a while and now pay the price.
If it is so easy that "who ever" want 10 percent interrest on their money can invest in their currency.The world finance elite will stand in a row to invest their money there.At this time with falling stocks all over I would be careful investing in any company that I dont had really reliable info about. As you know high payback means high risk in eco terms.And high risk in a falling market, are risky unless you sit on reliable "inside" info.
But as an invest advice i would have sit a little on the fence just now and watch some companies in environmental brances(like solar,wind power etc).Were the future growth will be.
Also companies producing "OIL" tail equipment and companies.Means equipment for produsing ambandoned fields and pre not economic oil-wells. But companies more diverced.

 

they might freeze your assets :D

 

Or devaluate their currency. Ever wonder to check differency between Norwegian,Swedish and Danish kroner compare to Icelandic kroner. And be pleased to check the differences fx.in a 5 year perspective.

 

Stocks, Assets, Etc.

Playing the market has never been easy. Losing even just 700 USD is painful nowadays. Yes, I agree with the concerns above--asset freezing, losing, market instability and more. Offshore accounts are not even totally reliable but yes they are also good to look at as possibilities. Temporary lowering of one's investment profiles seems to be a sensible move these days.

I heard about moving into "global investments", the currency being the pounds. But it does seem that the euro is the hot currency. I am not fully knowledgeable about this "global investment" thing but it would be worth research time.

In the Philippines, one of the most stable companies to invest in stocks is the San Miguel Company. BEER, Ice cream and other products.

My two cents worth.

 

sorry mama it was a joke, Iceland Kroner freezing your @ss ets, :D
oh never mind.:D

 

In case you're interested to invest in Philippine stocks, I suggest you contact a licensed stock broker. Unfortunately, we don't have one currently operating in DGT. Who knows we might have one soon. But, there are branches of brokerage houses operating in Cebu and in Bacolod. For the more sophisticated investors, there are already online stock brokerages e.g. First Metro Securities, Citiseconline, etc. So, one can trade by himself even if based in DGT. For more info. you may visit the website of the Philippine Stock Exchange (PSE), Philippine Stock Exchange.

The PSE is one of the best performing Exchange for the pase 3-5 years in terms of its composite index. But this year, it has not been spared by the prevailing market volatility worldwide just like the other exchanges.