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Monday, July 30, 2018

Where And How To Invest In Stock Market In The Philippines?

Overseas Filipino workers (OFWs) send home about $32 billion in remittance annually. However, it usually goes to basic needs like food, education, and other daily expenditures.
If you are an OFW who already spent many years working abroad without any savings, you may consider to invest in the stock market in the Philippines and have passive income while you are away working abroad.
Investing in stocks is like having your own business but you can do it without having to stay and manage it hands-on.
As you work abroad, you can invest now through a broker, or even through the internet. The good news is that it is extremely easy to do.
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You can also follow these steps:

Where And How To Invest In Stock Market In The Philippines?

After review, click Confirm to submit your application. A “Thank You” notification will appear to confirm a successful application. The cut-off for processing of New Applications is 3:00PM. Online Application submitted beyond cut off shall be processed on the next banking day.
Once approved, please expect to receive an Approval email indicating your Customer Code.

Once approval email was received, you may already fund your account through the Bills Payment Facility (over-the-counter, online banking, mobile banking, ATM) indicating the following required details:

Company Name: BDO Nomura Securities, Inc.
Institution Code: 0491
Subscriber's Account No.: Customer Code
Subscriber's Account Name: Client NameYou may fund your account on or before 10:00 P.M. to be included for the next trading day's buying power.

Another email will be sent to you for the trading access instructions. You will need to nominate a Trading PIN using the provided Control Code to activate your account. (You may now access your BDO Online Trading Account by clicking Online Trading Login at the upper right corner of your screen to nominate your new Trading PIN.)

To open an Online Trading Account today, click the yellow Enroll Now button.
Once your application is approved, you will receive an email confirmation indicating your trading PIN. An initial deposit is to be made to BDO Nomura Securities, Inc. (Formerly: PCIB Securities, Inc.) As long as you are able to meet the cut-off time for deposit which is 11:00 P.M., your account will be funded the following day and you may start trading.

BDO Nomura charges
For BUY transactions:
a. Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount
b. Broker's commission - 0.25% of the gross amount
c. Value Added Tax (VAT) – 12% of the broker's commission

For SELL transactions:
a. Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount
b. Broker's commission - 0.25% of the gross amount
c. Value Added Tax (VAT) – 12% of the broker's commission
d. Sales transaction tax/ Final withholding tax - 0.50% of the gross selling amount

*Please note that we have a minimum charge of P20.00/transaction for the commission fee.

Another way to start stocks trading investment is through COL Financial.

In as little as P5,000 you can open a stock trading account in Col Financial and start receiving dividends.

Here are the steps to open an account with Col Financial:

1. Choose what account type would apply best for you depending on the amount of investment.

a. Col Starter- P5,000

b. Col Plus- P25,000

c. Col Premium- P1 Million

2. Download and fill up the application forms here. You will need a TIN or Tax Identification Number.

3. Submit the filled up form with the following documents:

Photocopy of one (1) valid government issued ID

Photo and signature must be clear

FOR ITF (In-Trust-For) Account - or account for a minor child.

Photocopy of one (1) valid government issued ID of the parent, Photo, and signature must be clear

Birth Certificate of the minor applicant

4. After submitting the application and requirements, a sales officer will review your application and contact you to inform you of the status of your application or any other requirements that may be needed.

Another way of stocks investing is through BPI Trade

You can visit their website to know about the complete details on how to start investing.

Important pointers on stocks investment:

Make your own research about the trade.

Many people think or convince themselves that understanding the stock market is a complicated business. Not entirely true. It only takes some common sense to try to understand how it works.

There are a number of resources available online for you to bone up on the subject. You may also refer to online articles, YouTube videos, even blogs to get ahead and boost your knowledge from Grade 1 to masters. Educating yourself is the biggest investment you can make.

Start saving, follow the 70-20-10 rule

This simply means you live only off the 70% of your salary, save the 20% and give the 10% to those in need.

Deal only with a licensed broker

Unlike making bank deposits, which you can do directly by going to the bank, you cannot deposit your money with the Philippine Stock Exchange. Go only through a licensed stockbroker.

Pick only big companies

They are so-called “blue-chip” stocks. These are financially-sound companies in the country that include Ayala Corporation, SM Prime, PLDT, Meralco, San Miguel, Aboitiz Ventures, Jollibee and the like.

Start now!

In stocks investing, time is the key and not the timing. The sooner you start, the bigger the profit.

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