Investing in Shares in PNG

“Don’t you know that stock market has created more millionaire and billionaires from thin air from all around the world?”

If you don’t, then this article is written for you.  Unfortunately, stock market, to many Papua New Guineans is a game only the rich and powerful play. That is a great lie many Papua New Guineans were led to believe as you shall discover in this article. This article gives a step by step method in investing in Port Moresby Stock Exchange (POMSox) which is only exchange in PNG and the biggest in the Pacific region.

Investing in shares

The myth that investing in shares is the game of the already wealthy people is taking a twist in the wake of 21^st century with information becoming available.  Today more and more people in Papua New Guinea (PNG) are realizing the absolutely vital importance of sound investment in their long‐term future. There are many pathways to growing your wealth to retire wealthy. Generally, all investment boils down to Cash, Shares or Property. This article only covers investing in shares, particularly for aspiring PNG investors who wish to invest in shares in POMSox.

“What are shares?” This is one question I often get asked in my business seminars.  

Start with a Wealth creation strategy

Nobody wants to work for 30 years and retire broke, stupid and sick as America’s foremost business philosopher Jim Rohn once said. Nobody wants that to happen

But so many people fail to prevent that to happen and so many work for pay check all their lives and when retirement catches up, reality burns them like tongues of fire in hell.

“So what do you do to change all this around?” Start with a wealth creation plan. I am not saying this just for the sake of saying it. Infect when I first approached two stock brokers in PNG, the BSP Capital and Kina Securities, one of the first questions I was asked was my wealth creation strategy.

In my case, I had it all thought out many years ago and got my self-educated to a point that I felt I was ready.

Building wealth for future takes time. But if you start now, 5 years from now, you will never be the same you today. Who knows in 20 years’ time, you will be a PNG’s stock market millionaire.

Whatever your stage of life, you will have hopes and plans for your future. Your goals may be long term and include financial wellbeing for you and your family. Alternatively, there may be immediate goals such as saving for a home deposit, setting up your own business or planning for your child’s education. It is never too late to establish a regular savings plan and develop an investment portfolio.

Author's Note** Next article will be on Steps in investing in POMSox.