Announcement: As part of the Diliman Diary's advocacy in promoting financial literacy for beginners, we are announcing today the launch of a new blog entitled "Asian Equities" and we will also be launching our own index named "Diliman Diary Index (Philippines)" whose performance is intended to be matched with the Philippine Stock Exchange Index
By September 30, 2011 we will open a new virtual trading account with PhP 1 million in virtual money under the Philippine Stock Exchange's Stock Trading Game. Our portfolio will be named Diliman Diary Index (Philippines). We hope to track our performance versus the Philippine Stock Exchange index (PSEi). We hope to do this as part of our advocacy in promoting financial literacy in Asian stock markets. Since I am based in the Philippines, I will first start with Philippine stocks, but plan to include more Asian countries as time goes by (these will be named as an index after each additional country). Changes to the portfolio will be done utilizing the principles of fundamental investing and due to time constraints, will only be done only on a monthly basis. We plan to update our analysis of stocks on a weekly basis.
We will be making more announcements on our planned series free basic financial seminars to be held in the Diliman area. Abangan!
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There is one caveat, however. Financial literacy assumes that its practitioners have the discipline to do some basic research on stocks and other financial instruments on their own. Our blog, Asian Equities is intended to be your virtual companion as you embark on your own journey to financial independence; and we will strive to impart the basic tools. Our blog will also serve as a constantly evolving reference as we continue to update our research findings about the Asian stock market. We theefore encourage you to check out our new blog, Asian Equities.
(Chanda Shahani is an A.B. Comparative Literature graduate from U.P. Diliman. He has a Master in Entrepreneurship (M.E.) degree from the Asian Institute of Management (AIM) and is a former business reporter from the Philippine STAR).