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!

******

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.

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 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:

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 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 Open a COL Account

Here are the steps to take in opening an account with COL Financial: 

Step 1.  Determine which kind of account you would like to open: COL Starter,  COL Starter Plus or COL Premium. COL Starter is an entry-level account suitable for long-term investing which requires a minimum investment of only Php5,000.00. COL Starter Plus is for active traders and requires a minimum investment of Php25,000.00.  COL Premium is for the premier investor and requires a minimum investment of Php1M.

Truly Rich Club vs. COL Financial

Some people are confused about Bro. Bo Sanchez’ Truly Rich Club (TRC).  They hear Bro. Bo talk about investing in the stock market and they think that that joining his Truly Rich Club will start their stock investment.  No Siree!

Let me tell you the difference between TRC and stock investment with COL Financial, Bro. Bo’s recommended broker.

FREE Stocks Updates

I heeded Bro. Bo' Sanchez' call to start investing in Stocks barely 2 years ago. ALI (Ayala Land) had gone up from P16 to P27 per share, and FPH (1st Phil Holdings) from about P67 to a whopping P90 per share. You won't get that from a mere time deposit in a bank. Not to mention the dividends these 2 companies give out from time to time.