Rizal Philippines
July 22, 2019
It is the observation of this post that the stable and profitable companies to invest in are those involved in serving customer needs rather than wants: housing, clothing, food, security rather than those that deal in fancy wants, or esoteric products. So those companies would be in food, food distribution, housing insurance financial services, communication services, expressway, office spaces, retailing etc.
Even if we look at the successful Venture Capital funding
40 best venture capital ventures
Those in entertainment music, travel, would be more risky
What do you think.?
N.B. Our dean and classmate in College commented that RE took a beating in the 1997 crisis (due to excesses in Wall St for subprime mortgages, driving down prices and even causing bankruptcy and demise of revered investment banks and creating ripples in the financial capitals of the world; the RE has long recovered because it is a basic need. In NCR Philippines the price per square of meter of condo has seen its price rise up from less than P100k/sm to over P200k per sem and at MoA even to P500k/sm
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