Tuesday, January 29, 2013

Simple Guide on How To Sell Stocks in CitisecOnline

Target Price Hit! It's selling time...

But first, know how to create a sell order in CitisecOnline/COL Financial.

How To Sell Stocks:

1. Log-in with the user ID and password then go to "Quotes" Tab.

2. Input the Stock Code.

Go to Quotes Tab > Stock Information > Stock.


Type the Stock Code in the box and click "SELL" (located at the side of the "BUY" button).

3. Enter the price and the number of shares you want to sell.

NOTE: You cannot sell what you don't have. Make sure that the # of shares you will input is less than or equal the stocks you have.

After entering the values, click "Preview Order" Button.

4. Review the details of your order.

After clicking the "Preview button, the screen below appears. It shows you the Stock Code, number of shares, price per share and the added charges for the transaction you are making.



Enter your password and click "Place Sell Order" if you have no more modifications to make. When a buying order matches your selling order with the price and number of stocks, the transaction will proceed and your sales will be credited in your account.


Easy Identification - Sell vs. Buy Order Placement

You can identify a Sell Order from a Buy Order with the background colors.
If you will notice in my previous post on 5 Easy Steps To Buy Stocks in CitisecOnline, the background color is green. For Selling, a shade of red is used.

It is important to easily identify if what you are creating is a buy or sell order because once you place that order and the transaction is processed, there's no turning back. For example, you want to buy additional stocks because the price is low but instead you place a sell order. Since the price is low, most probably it will be bought from you in an instant. You lose money. So be careful when placing order.

I hope you had a fun time learning these easy steps.

Again for beginners, I highly recommend you join Bo Sanchez's Truly Rich Club to have an idea WHEN IS THE RIGHT TIME to place your sell order.


Join the Truly Rich Club

Please leave a comment as to what topics you want me to discuss in the future.

Happy Investing!

Sunday, January 27, 2013

5 Easy Steps to Buy Stocks in CitisecOnline

When I finally received my log-in credentials in CitisecOnline/COL Financial, I got very excited to explore the system. I immediately wanted to buy stocks but there's one problem, I don't know how.

So here's a simple guide for starters in CitisecOnline/COL Financial system:

How to Buy Stocks

1. Log-in with the user ID and password then go to "Quotes" Tab.

2. Identify the stock code of the company you wanted to invest in. 

If you don't know the stock code, you can search it by going to Quotes Tab > Stock Information > Stock List. In the Stock List, you can see all the companies listed in the stock market and their corresponding Stock Codes.

Join the Truly Rich ClubFor beginners who don't have any idea on what stocks to buy or what strategy to make (pretty much like me when I started investing in Stock Market), I recommend you to join Truly Rich Club

Truly Rich Club is ran by Bro Bo Sanchez. When you become a member, you will receive stock updates from him. That includes the suggested stocks to buy, when to buy and when to sell. So for beginners and investors who don't have time to do researches on companies, just click on the Truly Rich Club image at the side to join.


3. Input the Stock Code.

Go to Quotes Tab > Stock Information > Stock.


Type the Stock Code in the box and click "BUY" (located at the side of the "Quote" button).

4. Enter the price and the number of shares you want to buy.

After entering the values, click "Preview Order" Button.

5. Review the details of your order.

After clicking the "Preview button, the screen below appears. It shows you the Stock Code, number of shares, price per share and the added charges for the transaction you are making.


Enter your password and click "Place Buy Order" if you have no more modifications to make. When a selling order matches your buying order with the price and number of stocks, you will then get your desired stocks.

That concludes our tutorial on how to buy stocks with CitisecOnline/COL Financial system.

Happy Investing!


Wednesday, January 23, 2013

Start Investing in Stock Market With CitisecOnline


Ever since I started posting my stock updates in facebook, colleagues and friends have been asking me about Philippine Stock Market.

So this post is for those who are interested in starting their investments in the Market.

Last December 2010, I opened an account in CitisecOnline. Now, they have changed their name to COL Financial. COL Financial is an online broker who has an online system developed for account holders to post their intent to buy or sell stocks. In order to access COL Financial's system, you have to secure an account. So the question now is, how do we get an account from COL Financial?

Here are the steps:
1. Go to COL Fincancial Office located in PSE Building at Ortigas. You can ride a van/FX going to Tektite. Here's their complete address:
24th flr. East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Pasig City
1605 Philippines

2. Choose the account type that fits you. In my case, I chose the Easy Investment Program or EIP. It will require you Php 5,000 minimum initial deposit. Other account types (Trading and Corporate Accounts) require a minimum initial deposit of Php 25,000. To know more about EIP, I recommend that you go through this document which I found in COL Financial's site:
                    https://www.colfinancial.com/ape/Final2/home/pdfs/2012_eip_primer.pdf

3. For Filipino Citizens, bring the following:
a. photocopy of government-issued ID (e.g. driver's license, SSS ID, voter's ID)
b. billing statement (credit card, utility bills) with name, address and date indicated.

 Requirements are different for Foreigners (Resident and Non-Resident in Philippines).

4. Forms that you need to submit are available in COL Financial's office. Just bring a pen. The initial deposit can also be given to them. You will receive your account details or login credentials in the email address you will declare to them.
If you need more clarification, you can call them at 651-5888.

Go to www.colfinancial.com to try your login credentials once you received them.

You can then start buying your stocks!

To receive regular updates on what stocks you can buy, you can join TrulyRichClub:
http://bosanchezmembers.com/amember/go.php?r=17820

Join the Truly Rich Club