What is a Stock Market?
The stock market is a place where shares of stock of publicly-listed companies are bought and sold.The stock market is actually located with the Philippine Stock Exchange (PSE). The PSE has two offices one in Ortigas and one in Makati, but don't worry because you don't have to go there in order to transact with them (I will be covering more info about this later on).
The Philippine Stock Exchange (PSE) is the corporation that governs our local stock market.
What are Stocks?
Stocks are shares of ownership in a corporation or it represents ownership of a company. People buy or invest in stocks to benefit from a company's tremendous value potential over time. Once you buy or invest into a stock you now become part owner or a shareholder of that particular corporation.
How The Stock Market Works? Buying of PLDT Shares - Explanation from Pesos and Sense
In this video, Pesos and Sense explains How the Stock Market works. They cited PLDT as one of the best example, PLDT is not just owned by one person but a lot of people and companies who also bought shares from the company through Philippine stock market. There are 2 major ways you can earn from the stock market. One is you can earn through "Dividends" and the second is "Selling Your Shares at A Higher Value". You can watch the video below to understand much better.
How To Invest in Philippine Stock Market?
In order to invest in the Philippine Stock Market, you need to create an account with COL Financial, the current no.1 online stock broker in the Philippines. There are lots of well-known online stock broker in the Philippines, but I recommend this site as this was highly recommended by a majority of stock investor and traders.HOW TO OPEN AN ACCOUNT AT COL FINANCIAL
On their website, Col Financial already provided an instruction on how to Open an account with them, however, I just want to include it in this post, you can learn more about them or see the latest updates on the main page on their website. There are 3 types of account at COL:
1) CHOOSE YOUR ACCOUNT TYPE
A. COL Starter: Minimum investment is P5K
- An entry-level account suitable for long term investing. Provides access to basic research reports, standard market information, and end-of-day charting data.
B. COL Plus: Minimum Investment: P25,000
- For active traders. Provides streaming quotes, comprehensive research reports and live chart data with some customizable features.
C. COL PREMIUM: Minimum Investment: P1 Million
- For the premier investor. Provides access to all available features and a personal relationship manager dedicated to assist you.
COMPARISON OF ACCOUNT FEATURES * (larger size)
2. FILL OUT APPLICATION FORMS
Download all forms here - * Please note that applications submitted and not funded within 3-months will require one to re-apply with new forms and IDs.
Download Application Forms
- Download and print out our application form.
- Completely fill out all forms:
- Customer Account Information Form (CAIF)
- Foreign Account Tax Compliance Act (FATCA)
- The Online Securities Trading Agreement (OSTA)
should be read and kept by the account holder
Note: Tax Identification Number(TIN) is required.
3.) PREPARE ADDITIONAL REQUIREMENTS
FILIPINO CITIZENS:
- Photocopy of one (1) valid government issued ID
Photo and signature must be clear
RESIDENT FOREIGN CITIZENS:
- Photocopy of one (1) valid government issued ID
Photo and signature must be clear
- Alien Certificate of Registration (ACR)
or Work Permit from DOLE
NON-RESIDENT
FOREIGN CITIZENS:
- Authentication of a photocopy of one (1) valid passport
Photo and signature must be clear
IN-TRUST-FOR (ITF)
ACCOUNTS:
- Photocopy of one (1) valid government issued ID of the parent
Photo and signature must be clear
- Birth Certificate of the minor applicant
4.) SUBMIT FORMS AND REQUIREMENTS
You may personally submit originally signed forms and clear ID documents to COL Financial or through iRemit branches.
You may also send the originally signed forms to COL Financial's Business Center. Once they receive your documents, a sales officer will review your application and schedule a video conference call for information verification.
COL Financial's Addresses are:
COL Business Center
2403B East Tower, PSE Centre,
Exchange Road, Ortigas Center,
Pasig City 1605, Philippines
(+632) 651 5888
COL Investor Center - Makati
Ground Floor, Citibank Tower,
Valero corner, Villar Streets,
Makati City 1227, Philippines
(+632) 478 2954
(+632) 478 3316
(+632) 478 3275
COL Investor Center - Davao
2nd Floor Robinsons Cybergate,
J.P. Laurel Ave., Bajada,
Davao City 8000, Philippines
(+6382) 287 8192
(+6382) 287 8193
(+6382) 287 8194
Office Hours
M-F, 8:30 am to 5:30 pm
IREMIT Branches (Abroad for Overseas Remittance)
click here for a list of their branch offices
5.) FUND YOUR ACCOUNT
ONLINE BILLS PAYMENT - Please see Bank Service fees below:
Click here to enlarge (main page)
Fund Online thru Bank of the Philippine Islands (BPI) - See instructions below:
Fund Online thruBanco de Oro (BDO) - See instructions below:
Fund Online thru Metrobank (mbt) - See instructions below:
Fund Online thru Asia United Bank - See instructions below:
OVER-THE-COUNTER BILLS PAYMENT
Bank of the Philippine Islands (BPI) Over-the-Counter Payment - See sample below:
BDO Over-The-Counter Payment - See sample below:
Metrobank (mbt) Over-The-Counter Payment - See sample below:
Asia United Bank Over-The-Counter Payment - See sample below:
COL BUSINESS CENTER
2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center,
Pasig City, Philippines 1605
OVERSEAS REMITTANCE
BDO Kabayan Bills Bayad (click here for BDO's website)
The option has the following benefits:
1. Crediting time is within 1-3 business days
2. Less Charges
3. No need to send a receipt to COL Financial
Click here for instructions ››
iRemit (www.myiremit.com)
Click here for instructions ››
BDO Overseas Remittance
Click here for instructions ››
*All checks must be payable to COL FINANCIAL GROUP, INC. Please include your Name and COL Account No. at the back.
After submitting all the required documents to COLFinancial, and once they verified you as an official account holder or member, you can now start investing in Philippine Stock Market. If you're new to stock market, I recommend to buy only blue chip companies, but as you go on and gain experiences you can start trading. But before you trade you should study first technical analysis, just google it or search for it on youtube, there's plenty of tutorials out there. You can see examples on how to buy and sell stocks here
For more info and updates, please visit COL Financial's How To Create an Account page here
In the future, there will be updates on this page for additional knowledge. Thank you for reading and I hope this article has helped you in one way or another.
For future updates, you can bookmark this blog anytime, just press Ctrl + D on your keyboard and you're done. Hoping to hear from you soon. Have a pleasant day and God bless...
This blog provides all the useful and basic information about investment in stock market .
ReplyDeleteEquity Tips
Nice work this blog gives clear knowledge about investment. stockinvestor.in is a stock related website which provides all stock market information.
ReplyDeleteSensex
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