Buying Stocks ~ Pinoy Reviews

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Tuesday, October 14, 2008

Buying Stocks

I am deeply contemplating buying stocks right now. Some of you might think I'm crazy. Everyone is already unloading their portfolio, thus contributing to the financial meltdown however, my line of thinking goes this way: if I buy stocks at a low price right now, when the credit crunch eases, these stocks have nowhere to go but up.

Of course, I would stay away from financial institutions and instead buy stocks of those well established companies. Yeah, yeah, I know, there would still be a chance of these companies shutting down and my money going "poof" since if it happened to Lehman Brothers, it could happen to any institution but based on the local markets, if I invest in PLDT, Globe or ABS-CBN, there's really very little chance of these companies shutting down in an instant.

Anyways, it's still an idea.