Wednesday, April 7, 2010

Other Online Stock Brokers in the Philippines

I received various emails further inquiring on investing in the stock market thru online means and I can only share about my experience at CitisecOnline. Pinoymoneytalk.com listed online brokers in the Philippines today and these are:

* AB Capital Securities, Inc.
Website: www.abcapitalonline.com

* BPI Securities Corporation
Website: www.bpitrade.com

* CitiSecurities, Inc.
Website: www.citiseconline.com

* Diversified Securities, Inc.
Website: www.dfnn.com

* F. Yap Securities, Inc.
Website: www.2tradeasia.com

* First Metro Securities Brokerage Corporation
Website: www.firstmetrosec.com.ph

* RCBC Securities, Inc.
Website: www.rcbcsec.com

Check their website and compare services, fees and related information. If your interested to invest in citisec, visit this blog http://fortune-at-stockmarket.blogspot.com/2010/04/minimum-requirements-in-investing-in.html to learn more...

Reference: Pinoymoneytalk

Tuesday, April 6, 2010

My Online Stock Broker: COL Financial (formerly known as CitisecOnline.com Inc)

We received many inquiries on how to invest in the stock market and to whom to trust their hard earned money. For me, I am investing in the stock market through online means. Since I am base here in an island province and we have access to internet, online stock market is for me. We invest thru CitisecOnline.com Inc.

Disclaimer first: I am not in any way authorized or paid by CitisecOnline for this blog. It just so happen that they are our broker and we are just sharing our experience in investing in the stock market.

CitisecOnline: Who are they?

CitisecOnline was established in 1999 with the vision of allowing a low-cost and easily accessible means to invest in the Philippine Stock Market. Over the years, it has developed a full sweep of services to empower the retail investor. These include real-time quotes, research services and reports, as well as expert-broker support, by providing him the tools to assist him make intelligent decisions. It also allows real-time execution of trades, which is the best practice in the local online trading industry. With its experience in servicing experienced investors looking for more convenient ways of stock trading, CitisecOnline is well-poised to drive the development of the online trading investor market in confluence with the increased penetration of internet access, broadband services and increasingly tech-savvy investing public.

Their services?

CitisecOnline offers a host of online trading and information services, among which are:

· Automated order placement and execution via the internet
· Access to live quotes and other market statistics
· Online portfolio tracker
· Research materials and market commentaries
· Price charting program and Ticker system display
· The Virtual Tycoon - a simulated stock trading environment

How do I get in touch with CitisecOnline?

Their contact numbers are as follows: hotline at (02)6-515-888, fax thru (02)636-3512 and Email: helpdesk@colfinancial.com>Their address is: CitisecOnline.com Inc.
2401-B East Tower Philippine Stock Exchange Center
Exchange Road, Ortigas Center, Pasig City
1605 Philippines

CitisecOnline Customer Service Center
2403-B East Tower Philippine Stock Exchange Center
Exchange Road, Ortigas Center, Pasig City
1605 Philippines

Reference: www.citiseconline.com

Minimum requirements in investing in the Philippine stock market thru online means

To those interested in starting building their wealth thru investing in the stock market thru online means specifically thru COL Financial Inc., here are their minimum requirements:

* Internet access with moderate speed

* Access to bank in your area (Hong Kong & Shanghai Banking Corp., Security Bank Corporation, Bank of the Philippines Islands, Banco de Oro)- recently added Metrobank. If you also have an online account on any of the mentioned banks, its easier.

* At least P10,000 peso initial capital/investment (actually, Colfinancial requires only P5000 in their EIP program but we initially invested P10k so that I can invest in stronger companies like Jollibee Foods Corporation (JFC)which requires at least 6k as of this time). To those with higher capital and will not be entering the EIP program, initial required investment is P25k

* Filled up forms (downloadable forms, in case of COL Financial (formerly Citiseconline)wherein we invest)

* Submit copy of any 2 the following:
• Passport
• Philippine driver's license
• SSS ID (1999 credit card type only)
• Company ID if employed by top 2500 corporations (with photo)
• Major credit card with picture
• Senior citizen's ID
• Birth certificate

* Submit any latest copy any of one of the following in the applicant's or spouse's name:
• Current utility bills
• Credit card statement
• Club membership bill
• Bank statement

Note: * For Non-Resident Filipinos a copy of one's proof of income certified by employer must be secured and documents must be authenticated by the Philippine Embassy or Consulate. ** For Non-Filipinos residing in the Philippines, include a photocopy of current visa, alien certificate of registration (ACR) and proof of government permission to engage in business/employment; validity of work permit must be at least one year from its date of issue.

For more information, log on to www.colfinancial.com.. or call their hotline at (02)6-515-888, fax thru (02)636-3512 and Email: helpdesk@colfinancial.com. Another important thing if you are just starting in the stock market is to have a guide.. like a father holding your hands during your first step. And I got that from the Truly Rich Club.. Sign up to the club.. it really do wonders and avoid costly mistakes. CLICK HERE TO SIGN UP: TRULY RICH CLUB..

Investing in the Stock Market

Many of us will not even entertain the idea of investing in the stock market. To loosely quote Bo Sanchez, its as if they came from other planet and speaking a different language. I can surely relate to that. Even now that I started investing in the stock market, I am still confused by their language such as MACD readings, overbought conditions, range bounds, etc..

After attending Financial Coaching Seminar by Bo Sanchez, I was so flabbergasted by the simplicity of investing in the stock market. The catch here is investing and not trading. The horror(or euphoria) of losing (or gaining) so much money in an instant in the stock market is brought about by trading.

Investing here refers to long term investment on a regular basis...even if the market is bullish (high) or bearish (low). However, stocks that one must invest in must be from strong companies. Citiseconline Inc. thru their EIP or easy investment program spoon feed the newbie investors on these strong companies. These companies have the impressive track record in the market. The companies in the EIP are Ayala Land Inc, PLDT, SM Prime Holdings, BPI, Jollibee Foods and recently reintroduced in the program, Manila Water Corp.

As I said from my previous blog, me and my husband have limited resources to invest that is why we started with the EIP program of Citiseconline. We invest on some stocks on a monthly basis and some on quarterly basis. I'm not in anyway paid in promoting CitisecOnline but they are really doing a great job. I love them. From the start I heard from them thru Mr. Juanis Barredo (speaker during the Financial Coaching Seminar by Bo Sanchez) and up to this time they truly meant service.

I am base in Mindoro province and its very costly to travel to Manila to learn and start investing. But thru the CitisecOnline and their system, I never went to their office in Makati and finished all the simple requirements in investing here in the province. Their agents will really go out of their way to assist you in registering in the program.. calling, emailing and even texting to assist you.

If you are interested in investing and you want it thru CitisecOnline, visit their website at www.citiseconline.com and read on EIP or the COL easy investment program. The minimum amount to start with the program is P10,000 and then its up to you how much you want to invest on a regular basis. As of this time (March 29, 2010), you need at least P5900+ to buy Jollibee stocks, at least P4700 to buy BPI, P1600 to buy Manila Water and at least P9900+ to buy SM Prime Holdings.

We started last August 2008 and to date, we earned 24%. We also experienced negative (losses) in some stocks but we kept on investing. Sometimes, I do some trading. Recently, I traded my sister's money worth P20,000 and after 2 weeks it earned 15%.

So, to my friends out there interested to be truly rich.. try investing in the stock market.