How to Buy Stocks Online Using COL Financial?

22 thoughts on “How to Buy Stocks Online Using COL Financial?”

1. Hi ms Fehl! I am very new to this stuff, but im so interested to learn more about this.. Id like to open an acct, from which bank should i open? Because i know of course thats gona be the first thing to do, to have an acct.. Thanks and ill wait for ur response..

   • Hi. You don’t really need a bank account to open a broker’s account like COL Financial. You can fund your account via manual deposits. However, you need a bank account if you will fund your COL account using online banking facility or online bank transfer.

     To open COL Financial account online, follow the steps here: https://philpad.com/how-to-open-col-financial-account-online/

2. hi Fehl

   if i am buying a share of MBT P83.05 for 60shares what will happen to my trade if the price go lower than P83.05 if the actual price is P82.05? For example i have a Col Plus P25,000.

   • Hi Carlos. If you sell your stocks at lower price, you’ll lose some money. To be able to gain or profit, you must have a Margin and a Target. For MBT, its stock price right now is lower than its fair value so it’s a good to buy. We follow the Margin and Target for MBT at dailypik.com

3. hi Fehl

   Me ulit! I’m taking a step to invest in stocks with COL financials pero bago yun, do they recommend stocks where can i put my money? with their “easy investment program” yung mga irerecommend ba nilang stock is applicable for pesos cost averaging?

   Thank you!

   • Yes, there are more than 16 recommended stocks under the EIP. You can choose the ones you want. If you can wait, I’m launching soon the stocks from my Magic 10 at the beginning of 2015 🙂 Will announce it here. I’m making the site as of now

4. Hi, I am very interested to invest. In fact i am planning to invest in mutual fund next week.

   My initial deposit will be 10k. Can you guide me which is the best program ( UITF and the other, I forgot what’s the right term.)

   I really have no great knowledge about investing, hope you can guide me with this particular concern.

   • Hi Jhen. First, assess yourself and know about your plan (goal), your current status, and your risk appetite. Then I can advise you what MF or UITF suitable for you. 🙂

5. Hi Ms. Fehl,

   I really do love reading your articles. 🙂

   I have just opened an account with COL using EIP. I am currently following the suggested schedule which is monthly/regular basis and in long term.

   I bought stocks on a certain company with a board lot of 100, then I just noticed that I still have a Cash Balance or buying power. My question is this, would you recommend buying more stocks on a different company using the cash balance available in order to maximize the P5,000 investment? The reason I ask this because for me I have already invested this amount, meaning I already consider this as part of my “monthly expenses” literally (for now), so why not maximize it then, right? do you think that is possible or I mean ideal? TIA 🙂

   Lastly, the only way to earn after 10 yrs or so, is to redeem by means of selling the stocks right?

   Godspeed

   • Hi Jeff. Thanks for the kind words. Congrats to your investments! Yes, I always recommend buying stocks from different companies because I believe in diversification. We should not put all our eggs in one basket. If you’re on EIP, I suggest you invest on 3-5 blue-chip companies every month or periodically and continue doing that until your Target Period. Consider your monthly budget – if you only have 10K for example, divide that to invest on 3-5 companies and do that monthly. If you have 5K, invest it alternately.

     Yes, you need to sell the stocks to convert them into real cash. You can also earn through dividends when a certain company declare them

     • Hi Ms. Fehl,

       Thanks for the quick response. 🙂

       What I actually did is to create an EIP schedule which is set automatically one one (1) company only, and I just noticed that I still have remaining cash available, so I was thinking it would be better if I cancel this method and change it to manually, so that I’ll be able to maximize the whole amount I invested next time, hmmmmm.. maybe buying more shares on the same company or like what you have suggested diversify it on different companies.

       Now I’m learning… Thanks much and more power.

       btw, I have bookmarked this site. 😉

       • Hi Jeff. Thanks for bookmarking my site. 🙂 I think you can also create another EIP schedules for other stocks if you want. EIP is great but I don’t personally use it since I manually buy stocks following my own strategy. I also want to see my monthly budget was spent completely.

         • Oh I didn’t see your response coming as I am writing my other dilemma. hehehe.. It’s so quick.. hehehe.

           Thanks again.

         • Oops! another one, :”>

           Will I only be able to determine how much I will earn when I will sell my stocks? the PCA method? I mean, will COL give me a computation or a simple “warning” before hitting that sell button? hehehe

           And If I decided to sell, the amount will be credited to my COL account right? then I may request for cash withdrawal. (pardon me for asking this question early.. hehe)

           Thank you.

         • You’ll be able to know that eventually when you view your Portfolio in COL. Yes, COL always gives computations whenever we buy or sell stocks. It won’t resume unless you confirm the action. Yes, it will be credited in your COL account. Should you wish to withdraw, you can 🙂

     • Hi Ms. Fehl,

       I made a sample computation excluding fees, please let me know if I understand it correctly and if I am doing it right. :”>

       To illustrate,

       Amount to invest on 1st month: 5,000 Php
       Board Lot for Co. ABC : 100
       Price per share : 12.75

       Total Shares bought : 300

       Cash Available : 1,175 Php ( 5,000 – (300 x 12.75)

       ——————————–

       Amount to Invest on 2nd Month : 5,000 Php
       Total Cash Available : 6,175 Php (5,000 + 1,175)
       Board Lot for Co. ABC : 100
       Price per Share : 12.25

       Now, since I do want to maximize the total cash available ( like what I’ve mentioned earlier, I already considered 5,000 pesos invested on a regular basis as part of my monthly expenses literally)…. therefore, I would buy more shares than usual (this is why I guess, EIP on manual method is better, correct?)

       Total Shares to buy : 500

       Cash Available after buying: 50 Php 🙂

       I will then have hmmm… 800 shares for 2 months.

       And I was thinking that I will only buy more share if the price is lower and vice-versa.

       With the illustration I’ve made, I think it is more ideal if I’ll set my EIP schedule to manual, so that I’ll be able to determine on how many shares I can buy instead of limiting it to P5,000

       Thank you.

       • I’m doing same strategy but this strategy is not EIP because in EIP, we use fixed amount every month. In the sample above, we use different amount in investing monthly. It’s still averaging method though. You’re doing great 🙂 BTW, you can download the Excel format we shared in our https://philpad.com/what-is-peso-cost-averaging-and-how-does-it-work/ post. It will help you monitor your stock investments and earnings using Averaging method.

         • Yup, I’ve been trying to download the excel file but unfortunately an error or machine language on my browser appear instead 🙁

           Thanks,

         • Oh and Thank you… Now I know what EIP is for. hehehe. (refers to Fixed Amount of buying shares) :”>

           Well, I guess maximizing the whole amount I set aside for this investment is more ideal which will give me more buying power.

           … time to cancel that EIP automatic schedule. hehehe

           I was able to learn and be enlightened in investing for just a few hours of reading your articles. 🙂

           Cheers,

         • My pleasure Jeff 🙂 Cheers!

6. Interested in stocks investment..

   • Read our Stock Market Tutorials and Complete Guide so you can start 🙂

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