What happened last week:
The Philippine Stock Exchange Index (PSEi), a basket of stocks that represents the general health of the local stock market, had its best week in more than 6 months. The index shot up by 7.67% driven by a slight recovery in investor confidence.
What you can do:
For bond and equity fund investors, hold! We've been saying it for the past few weeks, but now is not the time to redeem your investment. Wait it out and you should get better returns once the economic and market situation improves. These funds are taking the careful approach while also being flexible to capitalize on opportunities in the market.
If you want to start investing right now, the Metro Money Market Fund is a good place to start. This fund is mostly composed of time deposit holdings, and can be an option to grow your money while waiting for better opportunities.
If you think that you can stay invested for at least the next 5 years, then you can consider putting your money in the Metro Philippine Equity Index Tracker Fund. Just remember that equities are risky, and so your risk profile has to match that of the fund.
Remember: There are always risks when you invest. There is no guaranty on your money or profit from any investment.
