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

1 comment:

  1. this is a new way to invest your money for filipinos. not all are familiar with stock investment. in case you have extra money then you can apply for home loan. https://www.rainingpesos.com.ph/home-loans-mortgage-lending-philippines

    ReplyDelete