Filipinos tend to be conservative when it comes to investing, as most still prefer to keep their income in cash rather than take risks in different investment instruments.
In its latest survey, the Manulife Investor Sentiment Index [MISI] showed that cash still accounted for 43 percent of the Filipino investors’ asset portfolio.
“The latest [MISI] highlights that in the Philippines, cash is still king,” the insurer said.
The Filipinos’ reluctance to invest in different asset and financial instruments was highlighted against a background of rising confidence in the country’s growth dynamics. In an earlier survey conducted across the region, Filipinos were most keen on investing in all the countries surveyed by the insurance firm, which included China, Hong Kong, Taiwan, Japan, Singapore, Indonesia, Malaysia and the Philippines.
The country shared the top spot with Malaysia as the region’s most optimistic in their respective local market conditions.
“Investors prefer holding cash as they see it as safe or less volatile, and readily available in case of an emergency,” Manulife Philippines President and CEO Ryan Charland said. “The survey also suggests they are worried about making the wrong investment decisions,” he added.
Manulife further said that most of the Filipino’s savings during the period was for particular financial goals, including retirement savings, general wealth accumulation or simply waiting for an investment opportunity.
“The latest survey suggests they remain very conservative, holding excess cash even if it means missing out on safe investment opportunities and their money being eroded by inflation,” Manulife said.
“Investors have reasonable concerns, but many may not realize they can address these through insurance,” the insurer said. –Bianca Cuaresma, Businessmirror
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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