Give donation to Consortium

Monday, August 07, 2006

Special Edition on Financial Literacy for Overseas Filipinos and their Families (Part 2)

Experts say OFWs not ready for market
by William Alzona and Isagani de la Paz

QUEZON CITY—Tony Ranque's heart beats faster every time someone from a bank pops up a message on his mobile phone.
Like a lover on a tryst, Ranque punches the keypad where a set of numbers sways his decision whether or not to log on to the Internet, access his account, and buy or sell stocks he bought from three or four publicly-listed firms in the country's exchange.
He's in Bohol, 630 kilometers southeast of Manila, where his stocks, bought from savings of a 20-year work in Saudi Arabia, are one of millions traded at the Philippine Stock Exchange (PSE).
The former overseas Filipino worker, however market savvy he appears, says it took him more than a year after returning from Riyadh before engaging in the market for securities. He advises against OFWs from following his lead.

For full story, click here

No comments:

Post a Comment