As soon as you've opened your PH online broker account, familiarize yourself with the companies included in the PSEi (Philippine Stock Market Index). These companies are the top businesses here in the Philippines and they have high market cap companies with high daily trading volume.
Next step is to choose 3-5 companies from the PSEi with the high dividend yield. You have to make sure that they're consistent with their dividend payments as well. More dividends = more capital for you to reinvest in the future, and that's when compounding interest comes in.
Once you've chosen your preferred stocks/companies, review their financial reports (quarterly and annual reports) and learn how they make money and where the revenue comes from. Remember, don't buy and own anything that you don't understand.
The bulk of your work happens at the beginning when you're about to choose the stocks you're going to hold for the long term. As soon as you've identified those, it'll get easier since you'll just Peso Cost Average on those stocks and reinvest the dividends as you receive them. Again, compounding interest plays a big part on your success as a long term dividend stock investor.
💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.
📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.
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