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On 8/29/2023 at 2:44 PM, thelastguest said:

Looking for advice. Will be moving to canada soon, is it better to invest in stocks there or here in the philippines?

I don't trade the local stock market of Canada, so can't comment about it. But normally, people do transition to Global markets (US markets) rather than their local market. Main reason is its liquidity, two ways of earning long or short and etc.

Now, let's go further to your inquiry. Normally, "profitable traders and wise investors" is following a process on transitioning from one market to another one. This was a systematic approach, rather than a gut feel, a wild guest, or any reason that you can think of, that has no good basis on making money on your target market overtime (in this scenario: canadian stock market). Always remember, stocks is a risky asset. Meaning, there is a chance of you loosing your money and vice-versa has the opportunity to make more money.

Few questions in mind that you need to answer on your own;

- Do you have a proven working system/strategy (Verified making you money)? If none, I don't really recommend exposing your hard earned money on it. What I do recommend is for you to study and learn the skillsets needed. 

- How's your investing in PSEI results? Are you making money, by applying your own system consistently? Or are you not? If your making money, was it a product of your own system/strategy? Or just a product of a mere reco, hype, and rumors? 

- Port allocation (Case to Case basis). Personally, I start small and just get my feet wet. This is done, to gauge, or to possibly have some idea on how you will do in that market (basis is your portfolio). Now port allocation size depends on your current age. I learned this from David Ryan.

20-40's = can be aggressive enough, depending of your choice. Reason behind it, if you loose some money, you still have the strength to regained it by working.

50's - 70's to old age = conservative. As you don't have the strength the same as when your young.

Bottomline: "The idea is, get rich and stay rich."

*Now If you ain't making money in a certain period of time (used desired deployed small capital in that market), automatically go back to the drawing board and study. It only means, you need to learn some skills in order to make some money consistently.

*If you make some money, then that's a good start. Normally full deployment of target funds is made after 1-2 market cycles (case to case basis). Bottomline is, first you must make some real money in your own port , then everything follows. Being too much aggressive (transferring all funds from one market to another without a system in place or a glimpse of your own results, is normally a recipe for disaster).

Btw, when I mentioned system. It means, you know how to determine good names to buy/sell on your own, you know when your idea is wrong, you know how to manage your risk, you know what's the correct allocation size per trade, you know what to avoid, and etc. If you don't have this skillsets acquired yet, there is a higher probability that you will fall under the loser's club. 

That's the only thing I can think of right now. Hope it helps! 

Edited by The Specialist
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On 8/29/2023 at 2:44 PM, thelastguest said:

Looking for advice. Will be moving to canada soon, is it better to invest in stocks there or here in the philippines?

Depends on your risk tolerance and time horizon.

PH is a developing country so there's a lot of potential for growth especially given the population figures.

But. That goes with the issue of how long it will take for PH companies to grow.

As for Canada, I am not too well versed but they seem to be stuck in some kind of middle to high income "trap". And they need a lot of people.

I would say PH but you could try Canada especially so liquidity will not be much of an issue.

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