Hello everyone!
What made me decide to finally invest in stocks? I won't be very technical in this. Just the basic idea of the many whysssss...
Assume that the amount is 10,000 with no additional investment.
If you have 10,000 pesos and keep it in your wallet/drawer/cabinet, it will still be 10,000 after 10 years. The # of items, let's say you could buy 5 sacks of class A rice in the Philippines today but 10 years from now, the value of 10,000 pesos would depreciate and expect that you couldn't buy the same kind of rice at 5 sacks. Maybe 4 sacks or even 3. That's how it is.
If you have 10,000 pesos and save it in the bank, yes it would earn at the end of the year but it's limited to that. For example we use Land bank of the Philippines' rate of 0.2500 per year. Here's the table. From 10,000.00, after 10 years your savings would be 10,252.83.
Only 252.83 interest? Whaaaaaaat? And it's actually limited to that. Not unless you add more money, but still it doesn't make a huge difference, the interest rate is 0.25% so don't expect much.
If you have 10,000 pesos and would invest it to stocks. The stocks you're purchasing are owned by known big companies in our country. They are legit and are of different fields/industries. Some are banks, malls, food franchise, TV stations, gasoline stations and many more! We all know that if we buy, use or subscribe from these companies they get rich every single day. So the idea is, why not we also get rich together with them? Why not?
So okay, here's a quick illustration. Though money is slow being a stocks investor compare to being stocks trader, trust me it's even BIGGER than putting your money in the BANK TO SLEEP.
If you are just a STOCKS INVESTOR, you are not active in buying and selling stocks daily,weekly,monthly. But you are an owner of stocks of a certain corporation.
So let's assume you own SMPH (SM malls) stocks that cost 23 as of today. Your 10,000 could buy 434 stocks. Check all the dividend declaration of all companies in the PSE website or through your broker (COL Financial in my case) so you would qualify for a dividend.
See illustration below.
So what more if you are a STOCKS TRADER (the possibility to EARN bigger than being investor, or even BIGGER than saving to a BANK).
Let's use the same sample from above.
If you are a trader, it means you will actively buy and sell. Once a day, once week or once a month. But what if you are like other people who could do this more than once per day? Trust me, they are very happy and FIRED THEIR BOSSES! LOL. I mean, they resigned and decided to focus on stocks trading. CLICK PHOTO TO ENLARGE
The price of stocks will go high and low daily, but bottom line it will surely rise at the end of every year.
One very sample is this. Upon reading more info about stocks, this site has been also very helpful. SmartPinoyInvestor
Upon writing (Nov. 21 pm) I am still not a stocks investor or trader. I haven't submitted application to my chosen online brokerage firm which is COL Financial yet, but tomorrow I will be mailing my application.
I'm from Mindanao and I am not sure when my application would arrived to their office. Upon completion of additional requirements (if ever), I will be notified thru SMS or email that my application is approved and that I could fund my COL account.
Here are the options for membership:
So here are my favorite hints from COL stocks trader AlexOnze. Check out his Youtube videos, trust me he is awesome, helpful and very encouraging! The convincing power is 200%, the very reason why I'm decided to finally give this field a shot.
COL STARTER - Aside from being the most affordable type of membership, it's long term and would be suitable if your won't actively buy and sell stocks. 15 seconds delay of the stock prices so you would need to refresh and cope up during your buy and sell sessions.
COL PLUS - It would be best for those who would active buy and sell stocks at less once a day , once a week or once a month for as long as you know when to sell your stocks at a gain. The investment is bigger at 25,000 pesos but it's the only way to be a member with REAL TIME or no refresh needed. Immediately see the actual cost of stocks that would help you decide for buying and selling.
COL PREMIUM - Obviously it's for the big companies that could afford to invest 1 million and up.
Download Application Forms
Click here to learn how to apply for a TIN ››
I've already downloaded the COL Financial form from their site, or visit link here. I have filled it up and I am decided to mail it tomorrow which is , November 23 Wednesday. I hope it gets to their office on Thursday and be approved same day or Friday before 3pm so I could still fund my account immediately before end of banking hours.
I am on fire! Really eager to give this a try and hopefully have a good journey on this. I will be sharing my funding process soon, my first buy and many more milestones for a beginner as stocks investor or stocks trader. So okay, if you're asking me what membership to apply for, I'm decided to be a COL PLUS. That's 25,000 minimum.
God bless me on this venture, and God bless you readers out there. Please give me a good luck!
STEPS 3 and so on.. VISIT THEIR SITE FOR MORE INFORMATION
NON-RESIDENT
IN-TRUST-FOR (ITF)
OVER-THE-COUNTER
What made me decide to finally invest in stocks? I won't be very technical in this. Just the basic idea of the many whysssss...
Assume that the amount is 10,000 with no additional investment.
If you have 10,000 pesos and keep it in your wallet/drawer/cabinet, it will still be 10,000 after 10 years. The # of items, let's say you could buy 5 sacks of class A rice in the Philippines today but 10 years from now, the value of 10,000 pesos would depreciate and expect that you couldn't buy the same kind of rice at 5 sacks. Maybe 4 sacks or even 3. That's how it is.
If you have 10,000 pesos and save it in the bank, yes it would earn at the end of the year but it's limited to that. For example we use Land bank of the Philippines' rate of 0.2500 per year. Here's the table. From 10,000.00, after 10 years your savings would be 10,252.83.
Only 252.83 interest? Whaaaaaaat? And it's actually limited to that. Not unless you add more money, but still it doesn't make a huge difference, the interest rate is 0.25% so don't expect much.
If you have 10,000 pesos and would invest it to stocks. The stocks you're purchasing are owned by known big companies in our country. They are legit and are of different fields/industries. Some are banks, malls, food franchise, TV stations, gasoline stations and many more! We all know that if we buy, use or subscribe from these companies they get rich every single day. So the idea is, why not we also get rich together with them? Why not?
So okay, here's a quick illustration. Though money is slow being a stocks investor compare to being stocks trader, trust me it's even BIGGER than putting your money in the BANK TO SLEEP.
If you are just a STOCKS INVESTOR, you are not active in buying and selling stocks daily,weekly,monthly. But you are an owner of stocks of a certain corporation.
So let's assume you own SMPH (SM malls) stocks that cost 23 as of today. Your 10,000 could buy 434 stocks. Check all the dividend declaration of all companies in the PSE website or through your broker (COL Financial in my case) so you would qualify for a dividend.
See illustration below.
BANK = 252.83 versus STOCKS INVESTOR =998.20
in 10 years? BETTER RIGHT?
So what more if you are a STOCKS TRADER (the possibility to EARN bigger than being investor, or even BIGGER than saving to a BANK).
Let's use the same sample from above.
If you are a trader, it means you will actively buy and sell. Once a day, once week or once a month. But what if you are like other people who could do this more than once per day? Trust me, they are very happy and FIRED THEIR BOSSES! LOL. I mean, they resigned and decided to focus on stocks trading. CLICK PHOTO TO ENLARGE
BANK = 252.83 versus STOCKS INVESTOR =998.20
in 10 years? BETTER RIGHT?
But if we include being a stock trader that has a buy/sell transaction at least once a year STOCKS TRADER= 5,208.00 the BEST.
And if you have 2x a day transaction? Your 10,000 would grow up to 229,152 in 10 years. I wish I knew of this early since I started blogging 13 years ago. Sad, but it's never to late. Join me in this adventure okay? I would love to hear from you.
I will surely post my first buy & sell activities to enlighten you.
But if we include being a stock trader that has a buy/sell transaction at least once a year STOCKS TRADER= 5,208.00 the BEST.
And if you have 2x a day transaction? Your 10,000 would grow up to 229,152 in 10 years. I wish I knew of this early since I started blogging 13 years ago. Sad, but it's never to late. Join me in this adventure okay? I would love to hear from you.
I will surely post my first buy & sell activities to enlighten you.
The price of stocks will go high and low daily, but bottom line it will surely rise at the end of every year.
One very sample is this. Upon reading more info about stocks, this site has been also very helpful. SmartPinoyInvestor
Upon writing (Nov. 21 pm) I am still not a stocks investor or trader. I haven't submitted application to my chosen online brokerage firm which is COL Financial yet, but tomorrow I will be mailing my application.
I'm from Mindanao and I am not sure when my application would arrived to their office. Upon completion of additional requirements (if ever), I will be notified thru SMS or email that my application is approved and that I could fund my COL account.
Here are the options for membership:
COL STARTER - Aside from being the most affordable type of membership, it's long term and would be suitable if your won't actively buy and sell stocks. 15 seconds delay of the stock prices so you would need to refresh and cope up during your buy and sell sessions.
COL PLUS - It would be best for those who would active buy and sell stocks at less once a day , once a week or once a month for as long as you know when to sell your stocks at a gain. The investment is bigger at 25,000 pesos but it's the only way to be a member with REAL TIME or no refresh needed. Immediately see the actual cost of stocks that would help you decide for buying and selling.
COL PREMIUM - Obviously it's for the big companies that could afford to invest 1 million and up.
Download Application Forms
- Download and print out our application form.
- Completely fill out all forms:
- Customer Account Information Form (CAIF)
- Foreign Account Tax Compliance Act (FATCA)
- The Online Securities Trading Agreement (OSTA)
should be read and kept by the account holder
Click here to learn how to apply for a TIN ››
I've already downloaded the COL Financial form from their site, or visit link here. I have filled it up and I am decided to mail it tomorrow which is , November 23 Wednesday. I hope it gets to their office on Thursday and be approved same day or Friday before 3pm so I could still fund my account immediately before end of banking hours.
I am on fire! Really eager to give this a try and hopefully have a good journey on this. I will be sharing my funding process soon, my first buy and many more milestones for a beginner as stocks investor or stocks trader. So okay, if you're asking me what membership to apply for, I'm decided to be a COL PLUS. That's 25,000 minimum.
God bless me on this venture, and God bless you readers out there. Please give me a good luck!
STEPS 3 and so on.. VISIT THEIR SITE FOR MORE INFORMATION
3. Prepare additional requirements
FILIPINO CITIZENS
- Photocopy of one (1) valid government issued ID
Photo and signature must be clear
RESIDENT FOREIGN CITIZENS
- Photocopy of one (1) valid government issued ID
Photo and signature must be clear - Alien Certificate of Registration (ACR)
or Work Permit from DOLE
NON-RESIDENT
FOREIGN CITIZENS
- Authentication of a photocopy of one (1) valid passport
Photo and signature must be clear
IN-TRUST-FOR (ITF)
ACCOUNTS
- Photocopy of one (1) valid government issued ID of the parent
Photo and signature must be clear - Birth Certificate of the minor applicant
4. Submit forms and requirements
You may personally submit originally signed forms and clear ID documents to COL Financial or through iRemit branches.
You may also send the originally signed forms to COL Financial Business Center. Once we receive your requirements, a sales officer will review your application and contact you to inform you of the status of your application or any other requirements that may be needed.
Our Addresses are:
COL FINANCIAL BUSINESS CENTER
2403B East Tower, PSE Centre,
Exchange Road, Ortigas Center,
Pasig City 1605, Philippines
2403B East Tower, PSE Centre,
Exchange Road, Ortigas Center,
Pasig City 1605, Philippines
COL FINANCIAL MAKATI INVESTOR CENTER
Mezzanine, Citibank Center,
8741 Paseo de Roxas
Makati City 1227, Philippines
Mezzanine, Citibank Center,
8741 Paseo de Roxas
Makati City 1227, Philippines
IREMIT BRANCHES (ABROAD for Overseas Remittance)
click here for a list of their branch offices
click here for a list of their branch offices
5. Fund your account
- Bank of the Philippine Islands (BPI)
Click here for instructions ›› - Banco de Oro (BDO)
Click here for instructions ›› - Metrobank
Click here for instructions ›› - Asia United Bank
Click here for instructions ››
OVER-THE-COUNTER
BILLS PAYMENT
- Bank of the Philippine Islands (BPI)
View sample payment slip ›› - Banco de Oro (BDO)
View sample payment slip ›› - Metrobank
View sample payment slip ›› - Asia United Bank
View sample payment slip ››
COL BUSINESS CENTER
- 2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center,
Pasig City, Philippines 1605
OVERSEAS REMITTANCE
- Banco de Oro (BDO)
Click here for instructions ›› - iRemit (www.myiremit.com)
The iRemit option has the following benefits:- No need to send a receipt to COL Financial
- Faster crediting time
- Less charges
*All checks must be payable to COL FINANCIAL GROUP, INC. Please include your Name and COL Account No. at the back.
