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.

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.

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.

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:

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.  

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.