Check out below the Dividend Payment history of SM Investments Corp. (SM) in recent years. Did you know that in 2017, SM paid total dividends of … Read More
Stock investing is only for the rich?
Nope, not true. We have already debunked this notion before, in several of our past articles that dealt with how much money a person actually needs to start investing in the stock market.
According to the Chairman and CEO of Double Dragon Properties, the first company to conduct an Initial Public Offering (IPO) this year, the company’s IPO offer was 14 times oversubscribed, a sign that there may be healthy demand for the stock.
Last week, Philippine stocks suffered a beating following a sharp decline in the stock price of SM Investments Corp. (SM), a large conglomerate with market capitalization of more than P641 billion. A big price fluctuation in such a large company would no doubt lead to a big movement in the Philippine stock market. And we saw this happen last week.
But why? What explains the sudden price drop of SM that led to an overall decline in the prices of Philippine stocks?
Here’s a statistic that some of us might find interesting / surprising / depressing / revolting: The combined wealth of the fifty (50) richest Filipinos is equivalent to roughly one-fourth or 26% of the country’s Gross Domestic Product (GDP).
That’s according to the latest installment of Forbes Magazine’s list of the Philippines’ 50 Richest, an annual compilation of the wealthiest Filipinos based on their net worth.
