Overseas Filipino Consulting Firm Inc. incorporator, Donna Babadilla-Puzon, urged Overseas Filipino Workers to invest in the stock market as the Christmas season approaches, a press release from OFIC said.
The best time to invest in stock market is during the first two weeks of September, Puzon said.
She also encouraged OFWs to buy stocks of blue chip companies before the Christmas season and sell them during the last week of December as stock prices of these companies rise during this period.
The stock prices of the blue chip decline in January so they have to sell it at year-end. Blue chips are stocks of well-known company with stable financial growth, like Jolibee, BPI, and Meralco.
OFIC founder, Eric Caliboso, noted that strong economic projection of the National Economic and Development Authority for the last two quarters of 2011 gives more confidence to prospective investors in the stock market.
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