DESPITE lingering global economic concerns, the PSEi (Philippine Stock Exchange Index) sustained its upward momentum and settled closer to 6800 before the November 30 holiday. This then begs the question, is this the beginning of a new bull run, or is it just the usual Santa Claus rally or window dressing? With the latest development, many are becoming interested again in the market.

Investors have suffered a harrowing experience for a couple of years, as out-of-control volatility continues to throw the markets into disarray. People always ask me what the most important thing is when investing. And my usual answer is managing your own risk.