Tuesday, October 2, 2007

Update on my Unit Investment Trust Fund

Only last month my investment was Php30,000 deficit. But the net asset value started going up since thursday last week and now I only have Php934 deficit. Thats 29k gain!

I guess this is still a Greespan effect hehe... i said "guess" since i really don't know much about Greenspan, all i know is that he once served the U.S. Federal Reserve.. and when he talk, people listen then the world markets move. That's how powerful the U.S. economy is. Perhaps people should stop thinking the economy is getting better or the peso is getting stronger much because of the President. And the President should stop claiming. Being a capitalist and open market, the Philippines most of the time just follows global and regional trends. Well i am not an economist... but i trust my opinion.

3 comments:

TruBlue said...

Alan Greenspan was Chairman of the Federal Reserve for a long time. He is at times, perceived as more powerful than the US President coz the worldwide economy rests on his decision. Believe he resigned last year and makes thousands if not millions of dough ($) just speaking out of his favorite subject, what else? the economy, hehe....wish I can make money like that...
Withdraw your money now before it's too late, and of course, don't second guess your decision.
Cheers to you....

edwin said...

hi trublue, i think he's a genius. its just ordinary people like us overreact over his decisions. thanks by the way, i just got my money back. =) cheers!

Bill Bilig said...

Good for you that you were able to get your money back :-) Hope it will double the next time. I hope you keep on writing posts like this because its very informative. Baka sa susunod, ma tempt akong mag-invest (kahit na walang pera hehe).