Stock Market Investment of Young Professionals in Quezon City

Abstract

The objective of the study is to determine the level of awareness on stock market investment of young professionals in Quezon City. The researcher used the descriptive method and the data gathering instrument used was a researcher-made survey questionnaire. Frequency and Percentage Distribution, Weighted Mean and One-way Analysis of Variance were the statistical tools employed in this study. Most of the respondents aged 28-30 and 34-37 years old, female, single, Master in Business Administration students, rank and file employees, employed with permanent position, with an average monthly income of P25,000-P50,000, with 1-5 related trainings/seminars participated in and investors. Most of the respondents were aware of stock market investment in terms of product, process, institutional services outlay, and basic concepts. There were no significant differences in the respondents’ assessment on their level of awareness on stock market investment when grouped by sex, civil status, job position level, category of employment, and number of related trainings/seminars participated in; but when grouped according to the category as an investor, there was a significant difference. Young professionals should attend various financial programs offered by stock brokers, financial institutions, financial advisers, and the Philippine Stock Exchange (PSE). Financial institutions should further create effective awareness programs that encourage potential and non-investor young professionals to invest in stock market by explaining the advantages of investing at early age. Educational establishments should help young people understand the need for financial skills. It is also needed to promote financial literacy in the school curriculum. Further studies should also be conducted to investigate the impact of stock market investment awareness on the stock market investment participation of young professionals.