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 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.

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:

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.

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 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.

Why This Blog

I’m starting this blog because I have lots of friends asking me to help them with COL Financial investment.

Now, I don’t claim to know everything about stock investing.  I’m not even a registered broker.  But I have accounts with COL Financial and thus, have some knowledge on how it works.   [Thus, the title "COL Me Joey"].  Still, I would advise that you go to the COL Financial's website directly to know more about it in detail.  They have their own hotline to answer all your queries regarding Philippine stock investing.