The Philippine economy grew 6.6% in 2012; how did you perform?

It’s all over the news yesterday: the Philippines government exceeding its own targets and hitting a growth of 6.6% in 2012, probably one of the highest GDP growth rates in the post-Marcos era. The government-set target was between 4% and 5% in the beginning of the year, and was later revised upwards to between 5% and 6%. The final outcome still beat the revised expectations.

The Philippine stock exchange has also broken so many record new highs (38 new highs in 2012) that it has become the new normal, with new highs coming within days of each other. Just this month, the PSE index breached the 6,000-, 6,100-, 6,200, and 6,300-marks. Can you imagine that just a little over 10 years ago, during the late-Erap and post-Erap period, the index couldn’t even breach 1,000 points?

So this is great news for our country’s economy and for public companies and those who invest in the stock market. But is it good news for you? How did YOU perform in 2012, financially. Did your income also grow 6.6%? Did you savings go up 33% like the stock market? Were also able to protect yourself from financial losses due to injury, disease, or calamity? If you weren’t able to do this, then maybe you were doing something wrong… Or maybe there was something that you weren’t doing.

Maybe this year in 2013, it’s time for you to start investing and be part of the Philippine economy’s and the stock market’s growth. If you’re interested on getting started, send me an email at manilafinanceguy@gmail.com.

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About Benedict Bernabe

Benedict Bernabe, 27. Benedict has a Master's degree in Development Studies from the University of Melbourne, Australia and a Bachelor of Arts degree in European Languages, cum laude, from the University of the Philippines Diliman. He has worked with the United Nations in the Philippines as the Community Facilitator of the Community of Practice on HIV&AIDS. He worked with Standard & Poor's Capital IQ, a financial information company, as researcher, translator and quality analyst in the investment research team. Prior to this, we worked at IBM Business Services. Benedict is a certified yoga teacher.

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