Monday, January 14, 2013

How to Buy Stocks


Ok, so this is what most of you are waiting for.   You’re in luck coz this is probably the clearest and the most detailed procedure you’d ever find on the mighty net on how to buy stocks from COL.


The way to do this is to look at the image first and read the description that follows.

Let's start.  


The email confirmation from COL will look like the image on the right.  It will give you your username (which is actually your account #) and your password.  It tells you to change your password when you log in.  The web address of COL Financial is given so you either click that or type it on the address bar.  I strongly advise that you DO NOT click a link inside an email EVER!  No matter how much you trust the email sender, it's always wise to just go ahead and type the site address yourself.  

Type colfinancial.com on the address bar and it will take you to COL's homepage.  (You may want to add it to your 'Favorites' and place on your Bookmarks bar so that it's easy for you to go back each time).  


Type in your acct. # & password and click 'log in'.





This (image above) is how your own Homepage will look like.  You will see your account info including your initial deposit (Equity Value).  (By the way, this is a real, new account I just opened for 1 of our kids, and I'm actually doing these actions for his account).  




Click 'Change Profile' to change password.





As shown above, on the very bottom, click 'Edit'.  




Choose a password that's easy for you to remember and hard for others to guess.  Mine is the most famous password on earth ... 123456 (weh!)  lol

Type in your current password on the 1st box, and your new password on the 2nd and 3rd box, then click 'Change Password'.  You will then be asked to re-log in using your new password.  Just follow Step 2 above.





We're now ready to buy our first stocks.  But before you do, make sure that the market is open.  Market hours are M-F, 9:30am-11:30am, 1:30pm-3:30pm.  

Hover your cursor to 'Trade' and click 'Enter Order'.  On this page, you would fill in 3 boxes:  Stock Code, # of Shares and Price.  If you are a member of Truly Rich Club, you already know, or at least have some idea, which stocks to purchase.  But for those who don't, well, what are you waiting for? You're missing out on being truly rich!  So, go ahead and click here! (plug in lang po)

Kidding aside, this tutorial is not just for TRC members but for all those wanting to be financially free.  

Click on 'Stock Code' to get the 3 letter code of your company choice.  




For this account, I'm buying Ayala Land, Inc.  So, I type ALI on the 1st box.  And all info about ALI will appear.   Now, don't get too overwhelmed by all the figures you see.  The most important ones are those I've enclosed in boxes:  Bid, Ask and Board Lot.  All the rest, you can just ignore. 

The 2nd box you will fill in is the '# of Shares', so look at the Board Lot to know the minimum # that you can buy.  In this case, the minimum we could buy is 100 shares.  If we want to add more, it has to be in multiples of 100.  Not 105, 110 or 150.  It should be 200, 300, 400, 500 and so on.  

On the 3rd box, put in the Price you want to buy the shares for.  Now, always remember this:  BUY at the Ask, and SELL at the BID.  For easy recall, do the acronym B.A.S.B. (Up to you to find meaning of those letters, but for me it's -- Basta Ako Sexy & Beautiful!  walang kokontra! :p  

I will do a separate in-depth post on the subject of Bid and Ask, but for now, since we're buying, let's look at the prices on the ASK column.   If you want an immediate execution of your order, always refer to the price on the first row coz that's the lowest price being asked by the sellers.  In this case, it's 26.30.  






Again, our order is 100 shares of ALI at 26.30/share, for a total of Php2,630.00.  So, why is it Php2,652.79?   Click on 'Preview Order' for details.  
























You'd see that our order is Php2,630 (26.30/share x 100 shares) + VAT and other charges amounting to 22.79 = Php2,652.79.  Confirm order by putting your password.  










This is the confirmation message you get once you confirm your order.  And if you wanna buy some more, just click 'Place another order'.  







It'll take us again to the order page.  Note the remaining amount we have on our account (Php2,347.21).  What can I buy with that amount?  Again, if you're a member of Truly Rich Club, you know that you should only trust giant companies like BPI, BDO, SMC, etc.  




























For this account, I'm buying BDO, so I write that on the 1st box.  

The Board Lot says 10 so we could only buy in multiples of 10.  And since I still have more than 2k on this account, I can afford to buy up to 30 shares (2nd box).  


For the 3rd box, I should put 76.55 since it's the lowest Ask price for BDO.  But, let me show you what's going to happen if I buy the shares at the price shown on the 2nd row (76.60), instead of the lowest price being Asked.



























My total is Php2,320.74 including charges.  We do the same process as we did with the previous order.  Confirm by putting password.




Now, to double check our transactions or to see the details of our orders, hover your cursor to 'Trade' and click on 'Trading History'.  Since, we're just checking today's, just click on 'Show Orders' right away.  








When you look at this table (above), read from the bottom coz that's your very 1st transaction.  

So, our ALI order was Accepted and Posted but not Executed.  Why?  Well, I had to call COL's hotline #651-5888 to ask.  haha.  Like I said I don't claim to know everything.  

Apparently, my order was not executed at the ASK price I placed (26.30) because all the shares selling at that price were already bought (it's 1st come, 1st served basis).  

I had 2 choices then:  either I wait till the market closes and see if another seller will offer ALI shares at my BID price of 26.30 OR cancel my order and just buy at the current lowest ASK price of 26.40.  I went for choice #2.  (My next post would be on 'How to Cancel Order').

Now, let's take a look at our BDO order.  




BDO was Accepted and Posted at 76.60 BUT Executed at 76.55.  Remember that 76.55 was the lowest price being Asked.  Meaning, even if you buy the shares at a higher price, your order will still be executed at the lowest Asked price.


And that's how you buy stocks.  Hope you learned something.


To end this tutorial, let me just show you how our Portfolio looks like.  Hover your mouse to 'Trade' and click 'Portfolio'.  






Your 'Available Balance' is the total amount (deposit) you have on your account, including the amount you spent on your orders even if they're not executed yet.

'Buying Power' is the amount that you can use to either buy or withdraw as cash.  Meaning, it's readily available for you to use.  (Note that COL withdrawal has a process you should follow.  Watch out for my post about it).

The 'Market Price' is the current price your shares is selling at.  We bought ALI at 26.40 and now it's selling at 26.35, so it's actually a loss for me.  

However, since we are not doing active trading but rather, long-term investing, it doesn't matter if the prices go down in the days to come.  

Why?  Because we're holding these shares for years -- 10 years the least.

I will transfer ownership of this account when my son reaches the age of majority. And since I'm betting on giant companies like Ayala Land and BDO, I'm pretty sure they'd still be here and doing great by that time.  (That's accd to Bro. Bo).

So, no worries!

(If you liked this post, pls. pass it on by clicking the tweet, like or share buttons above.  Your questions or comments may be posted below).


Thanks & God bless,

 


P.S.  The TrulyRichClub is a membership Club that Bro. Bo Sanchez had created to help people achieve Financial Wealth and Spiritual Abundance.  It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life.  If you want to be one of us, click here.


Next post:  How to Cancel an Order
Previous post:  How to Open a COL Account




66 comments:

  1. thanks a lot again, Its very clear and helpful. Its really a blessing to be a member of TRC And this blog is great, you are indeed wonderful Joey..Godbless and more blessings to come.....:)

    ReplyDelete
  2. I once tried playing the stock trading game of PSE and if it were just not a game, I'd be a millionaire by now but stocks can be rewarding if you have the patience to go over the fundamentals.

    ReplyDelete
  3. Nice, clear and helpful tip on how to buy stocks online in the Internet and thanks for the article.

    ReplyDelete
  4. I plan on going into stocks and this has been quite a helpful insight.. Hmmm, I wonder!

    ReplyDelete
    Replies
    1. don't delay. ride w/ the booming and emerging Philippine Market!

      Delete
  5. This topic is just what we were discussing yesterday. We're all newbies in the stock market and we saw potential in Starmall as it envisions to open up 10 branches a year!

    ReplyDelete
    Replies
    1. Piece of advice: NEVER, EVER buy penny stocks. Just trust ONLY the Giants! (BDO, BPI, Ayala, MER, SMPH, etc)

      Delete
  6. Wow. This is quite a heavy topic to begin with. I usually get sulked or just soaked into a heated conversation with my friends about this topic. Really interesting though.

    ReplyDelete
  7. thanks for this article. I've been using COL for many months now and I'm happy to learn new things.

    ReplyDelete
  8. I want to enter this stock market thing but I'm still earning a capital. Truly Rich Club by Bo Sanchez is giving me a motivation to really pursue this! :)

    ReplyDelete
    Replies
    1. 5k is your initial investment. After that, you can just deposit any amount you want. It's just like ordinary bank, but earnings are potentially greater.

      Delete
  9. Thank you for taking the time to write such an extensive guide. Truth be told, when I saw the title of the post, I had a feeling it was going to be thin. I was wrong, and I'm actually inspired to learn more about getting into stocks now.

    ReplyDelete
    Replies
    1. You should. But be forewarned: you'll get addicted! :)

      Delete
  10. Quite tedious for me, it's a financial kind of thing so I need a lot of keen adherence to the steps you demonstrated. And wow, it's tempting to buy stocks :)

    ReplyDelete
    Replies
    1. Yes, it is. Once you start experiencing the profits, I tell you, you'd always want to put your hard-earned money in stocks instead of spending it carelessly.

      Delete
  11. Wow. Thats a lot to digest, but this should be helpful.. i have friends who are experts on this field, i will surely consult them...

    ReplyDelete
  12. Thanks for this tutorial. I do wish we can teach our students how to do this so that when they get a job it can be an option for them where to bring their money. :)

    ReplyDelete
  13. This is very helpful. But I am not financially ready for buying stocks

    ReplyDelete
    Replies
    1. Who is? No one! But you have to start somewhere sometime. And that time is NOW!

      Delete
  14. I want to go deeper on this and Bo Sanchez's Truly Reach Club. I have a growing interest now through this post. Bookmarked this site... and wait until I joined your group. See you around :)

    ReplyDelete
    Replies
    1. Sure, girl. Join ka na! It's so much fun at the TRC!

      Delete
  15. This is so far my best post that I've read this week! Kudos to you. I am into Mutual Funds but as I read your post, I am excited to know more and invest in stocks. Super!!!

    ReplyDelete
    Replies
    1. Awwww, thanks Earl! That was sweet! You must not delay in your plans of starting a Stock Investment. Take advantage of our zooming Phil market!

      Delete
  16. Great information. I hope common TAO reads this blog of yours.

    ReplyDelete
    Replies
    1. Thanks, Orly. Yeah, I really hope every single JUAN does this. If we all enrich ourselves, Pinas will be a much better country.

      Delete
  17. Great information. Bookmarking this one for future use! Great share.

    ReplyDelete
  18. This is very precise and clear as a crystal information, the step by step information shown in every images on how to buy. will lead us hustle free in engaging this kind of transaction. .

    ReplyDelete
  19. thank you so so much. this is very helpful. :)

    ReplyDelete
  20. miss joey, have you tried the bpi online trading? which one could provide a hassle-free service, the col or the bpi online trading?

    ReplyDelete
  21. I have not personally tried BPI Trade. I was planning to open one but another TRC member, Burn Gutierrez (http://burngutierrez.com/), said that BPI has more charges and fees compared to COL.
    whew! Banks! what more can I say? ;)

    ReplyDelete
  22. thank you so much for the prompt reply :)

    ReplyDelete
  23. Hi joey, t'was truly amazing blog...we learned a lot and it urge us to continue to the sm..

    Well, we still have questions in our mind, hopefully you can help us through out.
    How do we earned profit in here aside from long term of investment?
    can we buy and sell even if our account is at starter level (eip)?

    Appreciated so much for this answer.. :-)

    ReplyDelete
    Replies
    1. The way to earn is if the stocks you buy go up. So, make sure you only invest in 'giants'. The type of membership really has no hold as to whether you'd earn or not. Yes, you can trade even with just the EIP starter acct

      Delete
  24. Thanks for sharing this. I am interested to try. But I'm really blurred as of now. This post helps a lot.

    ReplyDelete
  25. This comment has been removed by the author.

    ReplyDelete
  26. Hi Sis Joey,

    good day.
    just joined and opened my TRC page now.
    thanks much for your blog.
    COL became more crystal clear to me.

    Request advise of what's the best stocks to buy next week. I intend to open COL starter plus next week.

    Great to be part of TRC.

    thanks
    best regards,

    danny

    ReplyDelete
    Replies
    1. Welcome to TRC! This is Joey (I also manage supportgold). Do text me when you're ready to trade coz stock prices go up and down on a daily basis.

      Delete
  27. Hello,
    Now I have hints on how to retire millionaire.
    I'm an OFW here at Saudi Arabia, I'm planning to join in COL maybe by October 2013 during my 1 month vacation. Now my question is how can I manage/monitor the stock market, hence I am working here 8-12 hrs a day. How can truly rich club help me in buying the stocks.

    Needs some advice...

    thanks, your reply will be appreciated.

    best regards,
    Arny Lao

    ReplyDelete
    Replies
    1. hi Arny. Everything is done online, Arny. You don't have to watch the market 24/7 as you have TrulyRichClub to guide you. We send you stocks updates and stocks alerts so you know which stocks to invest in. The only times you need to log in to your COL Financial account would be when you're buying, selling or withdrawing your funds. Otherwise, just let your investments grow.

      When you come home in October, let me know so I can meet up with you and explain everything in person.

      Delete
  28. A video I made on how to enrol to Col Financial http://www.youtube.com/watch?v=-Tiowv9foyA

    ReplyDelete
  29. Hi Joey, Good day! ask ko lang po ano po ibigsabihin ng Average Price n column sa COl? Thanks!

    ReplyDelete
    Replies
    1. Average Price is the price you bought the stocks for, averaged by the # of your total shares.

      Delete
    2. can you tell me how to compute the average price? thanks :)

      Delete
    3. Ex. In January, you bought 100 shares of BDO at 10/share, and the transaction fee was 20. In February, you added 50 more shares of BDO at 11/share and the transaction fee was 20. In March, you added 200 shares at 12/share and the fee was 20.

      Formula: Price + (charges / # of shares) = price per share

      Computation:
      January: 10 + (20/100) = 10.20/share
      February: 11 + (20/50) = 11.40/share
      March: 12 = (20/200) = 12.10/share

      Formula: Total # of shares / total sum of the prices per share

      350 shares / 33.7 = 10.39 Average price per share

      Delete
  30. Thanks a lot! It's very helpful.

    ReplyDelete
  31. Dear Ma'm Joey,

    Greetings from Jubail, Saudi Arabia! Accept my prayer of wellness to u and your loved ones, as well as to the whole TRC families. Hoping di kayo naapektuhan ng pagbaha dyan sa atin.

    A novice in town. Just got by yabadabadoo welcome salute from Bo a few days back. Yes, still at a lost for quite a few things:

    1. Does it mean: @ Item#3 / 4-Step Application Process = still need to mail the orig hard copies of submittal docs to COL's given address (wow...!) ?
    2. Or simply emailing my docs to " loj@citiseconline.com " is enough? Is this the right email address?
    3. My last concern is axactly the same as what a certain "ARNY LAO/3May2013-4:30pm" had posted above. Tama sya, offset yung time namin d2 sa time dyan sa atin. Friday is the normal day off here at d2 lang kami makaka-focus ng husto. Unless na gigising kami ng 4am (9am Mla time)para makapag-transact.
    4. That was a bull's eye...well hit to the core >thank u ma'm sa guide list. I'll boogie...hahaha... as soon as I received my OSTA.

    Wag sana kayong madadala. God Bless po!

    Warm regards,

    Gil A. Aman

    ReplyDelete
  32. This comment has been removed by the author.

    ReplyDelete
  33. Most accurate stock market tips
    CALL: SELL COPPER (APR.) BELOW 401.50 TG-400.00/398.00/395.50 SL-404.00

    best commodities tips

    ReplyDelete
  34. how to take profit in colfinanical

    ReplyDelete
  35. This is awesome! Thanks for this!

    ReplyDelete
  36. why is that my acount had 0.00 equity even if i already send 5000 for statrter

    ReplyDelete
  37. Hi Joey, can you share something about buying stock rights? I'm just so confused about it. ive been reading everywhere, thank you in advance.:D

    ReplyDelete
  38. The best part about trading groups is that the members goals are aligned with the goals of the website. Free stock pick websites align their goals with the insiders of the stocks

    Stocks to buy today

    ReplyDelete
  39. WOW!! Great tip! It is really great tip of buying stocks. I will certainly keep in mind all tips shared by you while buying any stocks. Thank you!
    day trading strategies

    ReplyDelete
  40. Hi is this still an active archive? I just wanna ask, what to do if the company( RFM) to be specific you invested has N/A sign on it at Col or Has No Trade and Change for a Long Time? Does it mean its already a loss? thanks

    ReplyDelete
  41. Can i still buy stocks even COL Rating is on HOLD?

    ReplyDelete
  42. Dear Sir/Madam

    Have you been turned down constantly by your Banks and other financial institutions?The good news is here !!! We offer financial help to people with poor credit history apply now
    for secured/unsecured financial however bad your current credit status.finance for developing business and competitive edge/ Business expansion.Take advantage of this offer and send in your application. We offer financial for:
    *Refinance
    *Home Improvement
    *Investment
    *Auto
    *Debt Consolidation
    *Business
    *Personal
    *Bridge financial
    contact us via Email:kadirloanservices@gmail.com

    ReplyDelete
  43. Best stocks to day trade
    Best stocks to day tradeWow nice informative about Forex trading accounts, Trading Platforms, costumer service. Its most useful for my trading. I can choose right Forex trading Brokers and Fund Manger for my Trading..I like share my trading experiences with tradenet.

    ReplyDelete
  44. Ive been trading stocks for 9 years and i set up my own website to share all my knowledge and info that ive learned i hope this helps http://stockbuyingwebsite.com/

    ReplyDelete
  45. This technical indicator is very useful for secure trading so that you can get alert whenever there is a rapid change in the market.

    This technical indicator is very useful for secure trading so that you can get alert whenever there is a rapid change in the market.

    ReplyDelete