How to Enroll COL with BDO Online Banking

I was able to get inside my BDO online banking by doing the 'Forgot Password' link. And I went through remembering the 2 secret questions, getting the 1-time password they sent to my Mobile, and changing it on the site.  

Whew!  (give myself a pat on the back!)  For me, that's an accomplishment ... coz I really hate going through all these hassles of just opening up a webpage.  (sigh!)  

But that's how much I love you!  (chos!)  For the sake of those who have been repeatedly asking me how, here goes:

How To Compute for Average Price

"How do you compute for Average Price?" 

This was asked by one of my readers, and let me tell you, I really, totally HATE figures (Math)!   Like I always say, the only figure I love is my own (36-24-26!   That was BEFORE I went to Yakimix, and the numbers got mixed up.  Now it's 63-42-62). lol.  But, hey! I still love my figure!  

But this particular question bothered me so much and I wanted to prove to myself that I can do this ... I can do Math!   Just for once in my life, I would prove to the world I know more than 1+1!  :)

So, here's my take: 

Market Price is the current stock price. That's how much the stock is selling for in the market today. 

Average Price is the amount you bought the stocks for (taking into consideration the different prices, # of shares and fees per transaction).

To illustrate:

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

Step 1: Find the Price per share 

Formula: Price + (fee or 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 

Step 2: Find the Average Price per share 

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

350 shares / 33.7 = 10.39 Average price per share 

Whew! That wasn't so bad. I just don't know if I got it right. Calling all the Einsteins of the Stock Market out there: Correct me now before all my readers quote me on this. haha.

Thanks & God bless,

P.S. 1. COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members.  The TrulyRichClub is a membership Club that he 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.  To join this elite Club, click here.

P.S. 2. Wanna join us at the 'Happiest Place on Earth'?  We do a meet and greet with Bro. Bo every Sunday at the Feast PICC.  Please feel free to join us after the 3rd session.  For Feast schedules in PICC and other areas around the metro, pls refer to the right side of Kerygma Family homepage.

How to Enroll COL for Online Funding

My Facebook account was recently hacked and for 2 full days, I had no FB access.  Oh no!  

For a moment I thought it was a repeat of the Cyber-Bullying that happened to me in NY a couple of years back.  (I caught the Cyber-Bully and I eventually forgave her)

How to Properly Fill Out COL Forms

This task may seem simple, but there have been lots of repeated questions on this, so I'm finally blogging about it.

Let's start with an Individual Account.  Tick off the 1st box (Individual).  Most important thing to remember if it's an individual application is that you need NOT fill out the 'Secondary Account Holder' portion.

Strategic Averaging Method (SAM) in Stocks Invesment

This is a Guest Post by Mr. Mike Vinas of COL Financial Group, Inc.  where SAM (Strategic Averaging Method) is explained in detail.  Enjoy the article!

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Have a Plan for Profit

Every success starts out with careful planning. A rock band holds rehearsals before their gig. A company conducts annual strategic planning sessions to set out projects and improvements for the next year. An engineer works on a blue print before buildings are built. We always need a plan. Even in the Stock Market.

Making money in the Stock Market requires a strategy, a well laid out plan that we need to stick to no matter what.

We have to have a plan for profit.

How To Save Up For Your Initial Investment

This is a guest blogpost by Mr. Burn Gutierrez of BurnGutierrez.Com 

Have you identified your goals and purpose for growing your money? Saving can be very difficult if one has no enthralling reason or urgent objective for doing it. But if one has a particular goal or need, the person can do everything to achieve these. A lot of people these days have been interested about personal finance and investing in the stock market for their   future. But one major common obstacle for a beginning investor is the initial money needed to open a stock trading   account. 

Normally, stockbrokerage firms like COL Financial require applicants to prepare at least P5,000 in order to open an online stock trading account. The problem is, most people who are eager to start investing don’t even have savings to start with. 

 So if you are a student or a young professional who is really determined to start building a solid financial foundation for your future, I highly recommend that you start saving up first for your emergency fund. This should be at least 3 to 6 months’ worth of household expenses. And assuming that you are still struggling to follow the “Pay Yourself First” adage, I am recommending some tips on how to save up for your initial P5,000 investing money and see if these can be achieved by you. 1. Do you own a high-end smartphone? Sell it and buy a simpler one instead. If you are currently owning an iPhone or a Samsung Galaxy that you can sell for at least P20,000, it wouldn’t hurt if you settle for a much cheaper brand that costs P5,000 afterwards, right? From your smartphone sale proceeds you’ll now be able to have your P5,000 initial investment and P10,000 to keep as your emergency fund. I know you’re starting to hate me now. 2. Bring your own ‘baon’. Regardless if you are already working or still a student, bringing your owned packed lunch will save you P1,000 every month, assuming that you spend P50 per lunch during school or work days. That’s P2,000 savings per month if you used to spend P100 per day on your lunch alone. Are you ready to stop being a pa-sosyal for a while? 3. Save your coins. Saving at least P10 per working/school day can give you P200 per month. Not too big on a short-sight. But that’s P4,800 if you keep on doing that habit for two years. 4. Take a walk. If you are coming from the MRT/LRT station to your school or work and vice-versa, why don’t you just take slow-paced walks every morning and in the afternoon? Good for your health, and saves you at least P400 to P500 per month. If you do this daily, you can save up for your initial investment in one year’s time or even less. 5. Avoid that daily cup of Starbucks or Gloria Jean’s for the meantime (or forever).  You’ll be able to save up for your initial investment in just 2 months or less. Make your own coffee instead. Google a recipe. It's free. 6. Postpone all your upcoming travel plans.  Even if it’s on Piso-fare promo. You’ll be able to invest right away with the money you are going to spend for your travel. 7. Do some garage sale of your old stuff and your Justin Bieber CD’s.  Sell low, buy high. Whatever. 8. Stop using your credit card for now. Period. Again, these are just personal recommendations that have helped me save up for my initial investment several years ago. It may or may not work for you but you can always try.  It is not easy giving up things that make you happy and comfortable. But only by going out of our comfort zones and challenging the status quo will we be able to achieve our goals.  Are you ready now to save up for your initial P5,000?

Thanks & God bless,

P.S. 1. Burn Gutierrez is the founder and chairman of PinoyMundoBiz, Inc. (OFW UsapangPiso Seminars and Online Forum) and co-founder of Angat Pilipinas Coalition for Financial Literacy.  He is also an accountant, an auditor, an artist, a musician, a writer, a entrepreneur, and an investor.  He is actively involved in promoting financial literacy among OFW's, students, and fellow artists and musicians.   He is also a member of the Truly Rich Club Diamond EntrepCircle.

P.S. 2.The TrulyRichClub is a membership Club that 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.  To join this elite Club, click here.

P.S. 3. Wanna join us at the 'Happiest Place on Earth'?  We do a meet and greet with Bro. Bo every Sunday at the Feast PICC.  Please feel free to join us after the 3rd session.  For Feast schedules in PICC and other areas around the metro, pls refer to the right side of Kerygma Family homepage.

Who Can Open An Account with COL Financial?

Any person of legal age may open an online Stock Investment account with COL Financial, Inc.  This person may be a Filipino or foreigner, located here in the country or abroad.  Note, however, that the stocks available are only those officially trading in the Philippine Stock Exchange.  Also, there are certain stocks that foreigners wouldn't be able to purchase.

Truly Rich Club-COL Financial Support

Our club, the Truly Rich Club, is growing by the second!  Hooray!  It's great because it means that more and more people are deciding to pursue the path to Financial Freedom.

And with growth comes more tasks.  Thus, towards the end of last year, Bro. Bo decided to add a support team who would personally call up members to guide them into stock investing.  

COL Financial's 3 Types of Account

Below are the different types of Online Trading Platform offered by COL Financial Group.  Choose which one best suits your needs.  (This info's courtesy of my Account Manager in COL.)

COL Starter 

This is an entry-level account suitable for long term investing.  It provides access to basic research reports, standard market information, and end-of-day charting data. The minimum investment under this type is Php5,000.

CitisecOnline's New Website

It was in February of last year that the Securities and Exchange Commission (SEC) had approved the corporate name change from CitisecOnline.com, Inc. to COL Financial Group, Inc.

It was also last year that the company introduced the beta version of its new website.

the old and the new

How to Open a COL Account for Minors

A COL Account for Minors (below 18 years old) is called an In-Trust-For Account (ITF).  This is specifically intended for a parent who wants his/her minor child to be the beneficiary of the account.

The procedure for opening an ITF Account is basically the same as the standard application (you can follow the steps in 'How to Open a COL Account').  

The difference would be the following:

COL Forms

Since a lot of pips are asking me for COL forms, especially those who don't have the time to download & print, I decided to have COL deliver some to my place.  

Exclusive for Truly Rich Club Members

It's almost 3am and I am trying my very best to come up with a nice post regarding this newest feature of Truly Rich Club.  But I feel really exhausted and sleepy so I can't think properly.  

However, I wouldn't want to postpone blogging about this either coz it's just too exciting for me to keep. So, my dear readers, allow me to just show you images of Truly Rich Club's very own Social Site!  It's very much like Facebook ... but way better!  Why?  Because it's:

How to Place Off-Hours Orders

Last week, Bro. Bo issued a ‘Buy Alert’ for a new stock. In his email, he warned (and I quote), “It’s moving up as you read this. Don’t chase it beyond P7.80! ”

Without a minute to lose, I immediately logged in to my COL account to buy that new stock. And since I read that email in the evening (when the market was closed), I had to do an Off-hours order. I didn’t wanna wait till morning lest the price goes up even higher.

My Investments Are Growing

Just checked how my stocks are doing today, and I’m glad to see that they’re all positive.  ALI is my biggest winner with an almost 80% increase, giving me a profit of P2,620.03.  My Php5,000 (which is my capital here) would not earn that much in a bank only after a few months. 

How to Withdraw from COL

One of the common questions people ask me re: investing with COL Financial is if they could EASILY withdraw their money.  

And the answer is YES!  Withdrawing your funds is as easy as 1, 2 and 3.

How to Fund Your COL Account

Ok, you’ve opened your COL account.  Made your initial deposit of Php5,000.  Bought your first stocks.  What do you do next?

Grow your investment. 

How?  By making regular, monthly deposit.  

It could be from Php500-Php2,000, or any amount that you’d like to set aside as your savings.  But it needs to be done REGULARLY.  That's the key.  That’s what Bro. Bo wants to emphasize to his Truly Rich Club members.  

Buy at the ASK, Sell at the BID

The ASK is the price that the stock is being offered for.  The BID is the price one is willing to buy the stock for.

Imagine you’re buying mangoes in the market.  The vendor is selling them for Php60/kg. (ASK).  You bargain with her to give it to you for just Php50/kg. (BID). 

How to Cancel an Order

Yesterday, I showed you how to buy stocks.  And if you remember, our ALI (Ayala Land, Inc.) order was not executed because all the shares that were selling at the lowest ASK price of 26.30 were bought (1st come, 1st served basis).  

Bear in mind that COL prices updates every 15 seconds so if you're buying, you gotta do it fast.  That is, if you want immediate execution of your order. Because there's also what you call a Day Order where you're not that in a hurry to purchase your stocks.  (I'll discuss the different kinds of Order in a separate post).

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.