More than ever, we live in precarious financial times. It is always difficult deciding how to plan best for our future, our children's future and indeed our grandchildren's future. Equities have historically provided the best way to generate the returns required to outpace inflation and grow wealth. The Philippines has many political, structural, educational and operational problems as we all know. However, the long term prospects of certain companies is extremely positive.
Below is a list of ten major companies listed on the local stock exchange here in Manila. Simply buying at the birth of a child and holding to age 18 for College for example, would be one approach. Much better would be to re-invest all dividends and rebalance annually. Adding funds every month would also improve returns over time.
Here is my Top Ten
Philippine Long Distance Telephone
Bank of the Philippine Islands
First Philippine Holdings