Investing in Philippines: retirement fund

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Showing posts with label retirement fund. Show all posts
Showing posts with label retirement fund. Show all posts

Sunday, March 25, 2012

PERA: Philippines's Version of 401(K)

source: http://www.forbes.com
The Philippines has been one of the youngest capital markets which is seeing growth in the recent years. There are so many things that we have to catch up with the rest of the world. If you would talk to a common Pinoy and ask what kind of investment they have they might either scratch their head or maybe say a time deposit in the local bank. 




There are so  many companies in the Philippines but the bulk of ownership of these companies is in the hands of public or government funds and foreign investors. I guess we, the Filipino people, should be the one taking a greater part in these companies. In order to do that we must have an effort to educate the common Pinoy and debunk the myth that only the rich can be an investor in our own country.
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Chitika