Philippine stocks are reaching brand-new all-time high levels. In fact, today, October 17, the Philippine Stock Exchange index (PSEi) rose to a new unprecedented record, closing at 8,497.74 points. This is a trading close that was never reached by the PSEi ever until today.
What is LTNCD? How to invest in LTNCD issued by banks?
In the past, we’ve discussed a variety of investment options for the average retail investor, including Stocks, Bonds, Mutual Funds, UITFs, and Preferred Shares, among others.
We now add another asset class to our investment portfolio. Here are details about Long Term Negotiable Certificate of Deposit (LTNCD) — a relatively safe bank product that offers higher interest rate than your regular savings accounts.