The Number of Online Stock Market Accounts Went Up by 27.8% in 2016, Are You Already Invested in the Stock Market Already?

The Number of Online Stock Market Accounts Went Up by 27.8% in 2016, Are You Already Invested in the Stock Market Already-.png

According to the Philippine Stock Exchange Website http://www.pse.com.ph/, the number of online stock market accounts increased by 27.8% in 2016.  The total number of online accounts as of the end of 2016 was 302,516 compared to 236,669 in 2015.  Meanwhile, the overall number of stock market accounts, including both online and traditional accounts went up by 8.5% in 2016, from 712,549 accounts in 2015 to 773,187 at the end of 2016.

“Technology has played a big role in the growth of our investor base over the years. We are pleased to see that more Filipinos have continued to adopt online trading to invest in the stock market,” said PSE President and CEO Ramon S. Monzon.

An advantage of using online brokers is that the minimum amount needed to open an account compared to opening an account with traditional stock brokers.

2016 also marked the first time that more than half of stock market investors were using online brokers at 53.7% of the total market transactions.

An interesting measurement is the age demographics of stock market investors.  Close to 40 percent of investors were aged 30 to 44, 45 to 59-year-old investors covered 26.4 percent of the total count and those who are 60 and above comprised 19.3 percent. The young millennials or those between 18 and 29 had accounted for 14.8 percent of investors.  Based on these percentages, we still have a long way to go to really getting more people to invest in the booming stock market.

What about you? Have you started investing in the stock market yet? If yes, congratulations! If not, why not? What’s stopping you from starting? Let me know how I could help you.

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