Smart Pinoy Investor

Bo Sanchez’ Maids Investment Update – Now Richer than Many Managers

Hello Millionaires!

A short story first!

Yesterday, I bought new three books, worth 1117.50.

First is Rick Warren’s Purpose Driven Life, one that I’m confident will strengthen my overall life. For its price of 225 pesos, I think it’s already a great investment considering the lifelong impact it could have and the many aspects of my life it could touch. The funny thing is that I already subscribed to the idea of living one’s life for a purpose long before I knew this book. So reading this will act like more as an affirmation of my beliefs now. It’s good to be affirmed once in a while, right?

The second book is The 21 Irrefutable Laws of Leadership by John C Maxwell and the third one is The 4-Hour Workweek by Tim Ferriss.

I bought the leadership book by Maxwell because I recently felt like God is calling me to do bigger things which I will share soon with you. While I already had some leadership roles back in college, I realized I’ve lost touch of its influence because of the independent-most-of-the-times type of work I have now. The price of the book is 500 pesos.

Who is Edward K. Lee – COL Financial Group, Inc

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COL Financial Group Inc is currently the leading online brokerage firm in the Philippines.

But just like anything else, it has its own humble beginning. And behind that rags to riches story, one name stands out – the current Chairman and Founder of COL Financial Group Inc.

His name is Edward K. Lee.

How is Average Cost Computed in Your Stocks Investment Portfolio in COL Financial?

One of the beauties of the new COL Financial stocks trading platform is that it shows you the net values of your stock portfolio. This is inclusive of all the stockbrokers’ commissions and fees involved in buying and selling transactions in Philippine Stock Exchange.

That means, if you log-in to your COL Financial Trading account, and one day decided to just sell whatever stocks you have at their prevailing market prices, you’d get exactly whatever amount is shown in your computer screen.

You can get free excel file here that will compute the costs of your buying and selling transactions. You can also read this stocks investing tip that will help you maximize the fees involved and squeeze the most out of your hard-earned cash.

Now to answer our question in this blog, below is an easy guide in computing the average cost of the stocks you buy. It’s just like computing your grade average in schools, also known as general weighted average.

What is Partially Matched Order Status in Philippine Stock Market?

Whenever a market participant puts a buy/sell order, the Philippine Stock Exchange system will automatically look for a corresponding seller/buyer to match that order. The overall process is detailed here - Stock Order Matching Process in Philippine Stock Market.

In this blog we’ll go one step deeper and have a look on partial matching of stock orders.

Factors in Order Matching

The Ant Philosophy (Jim Rohn)

We Pinoys are familiar with the elementary fable Si Langgam at si Tipaklong.

The story is essentially teaching its readers the value of preparing one’s future at the present. I never thought that after 15 years, I would need to remind myself with its golden lesson when it comes to managing my finances.

And I know that every hardworking man should be reminded too of its morals so as not to put to waste whatever it’s they’re working on now.

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Are you a langgam, or a tipaklong?
The choice, as always, is yours.

Read below Ant Philosophy by Jim Rohn I got from our group and let it guide and inspire you this new start of the week.

Have fun investing (with an inspiration from the ant)!

***

Meet Your Support Group!

It's lonely to build your wealth alone.

Aside from the fact that it's more difficult to do it, the journey is actually more meaningful if you have a support group behind you, to remind you, to cheer you up, and to help you.

To help you get you back to your senses when you're feeling like giving up, and to provide you that unlimited free push towards achieving your own personal dreams!

To answer your questions, to give clarity in your doubts.

And yeah, the group is made for-Filipino-by-Filipino, so expect to be uber-fun here!

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Join the group, ask questions, learn, contribute, earn and share with your fellow investors.

Meet them here!

Have fun investing!

PS: Are you alone in your journey to your financial independence?
Time has proven that achieving something is always much easier by doing it with a team. Successful companies have a team backing it up. Each organization has its own team. Even Jesus had to call His disciples in starting His ministry.

Join our team in spreading financial literacy to others as we share and impart our learning to our fellow Filipinos! Be mentored too by no less than Lyndon Malanog, Financial Coach of Bo Sanchez and Truly Rich Club.

Check more details here.

PS2: For beginners, download Bo Sanchez' pdf ebook - My Maid Invests in the Stock Market... and Why You Should too!
Click here to download for free!

Is it good to buy preferred stocks? (by Henry Ong)

Just sharing today an article from Inquirer about preferred shares. This is in contrast with what is called as common shares in a stock market.

What preferred shares are and it characteristics are explained below. This is written by Mr Henry Ong, the current director of RFP (Registered Financial Planners) Philippines.

Read on and enjoy!

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What is a blue chip in stock market?

Here’s an interesting account from what Sir Gus Cosio has to say about blue chip in the stock market.

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"The term "blue chip" as I recall, arises from the white, red and blue chips that poker players use instead of cash. White chips are the smallest denominations and are normally used for ante. The red chips have the second largest denomination while the blue chips are the largest. The logic of poker players is to be able to stay in the game as long as they can because the chances of being dealt a very high hand would increase as the game progresses. For this reason, poker players keep the blue chips for high probability winning hands. Hence, the term blue chips in stock investing implies the high probability of profit or the sure thing. Technically, traditional fund managers define blue chips as stocks that have proven earnings model, regular dividend payout and steady growth prospects. Blue chips do not remain blue chips all the time. Some examples in the US are General Motors and Ford. Harsh economic conditions can alter the fortunes of even the strongest companies. AAPL, for one was a NASDAQ company for a long time, now it is the largest market capitalization in the world at 600 billion. In short, the term blue chip should be appreciated in both the intrinsic and extrinsic conditions of companies. This should tell you that there is no substitute for a regular review of investments in your portfolio. Blue chips may turn it's color."

A bit of info for you!

Have fun investing!

PS: You have question? Get them answered in our growing facebook group!
Find your support group there!

Free Financial Literacy Program for Pinoys in SG!

Are you a Pinoy in Singapore? Then this is for you!

Read details below and start being a manager of your financial life!

Seats are limited so better sign-up and reserve for a slot now.

If you’ve been in this blog for some time, you’ve probably known that my heart belongs to our dear OFWs. So if you also know someone in SG who you think needs this, spread this and help them start build their wealth and go back to the Philippines with much more financial peace.

By the way, its speaker Randell Tiongson is one of our mentors in the recently concluded RFP (Registered Financial Planners) Program. I was part of its batch 28 run (which the organizers say is the most vibrant batch so far HAHA) and am just so fortunate to meet this great guy in person.

I personally love his emphasis on research, values and integrity which I think are the things that greatly differentiate him from the rest of financial coaches out there.

I am excited to make a review on his approach to financial planning in my future blog, but in the meantime, enjoy learning from him in his personal blog. He also has another seminar offering - the NO NONSENSE SEMINAR on FINANCE:How to invest for the future! with details you can find here.

That's it!
Happy Monday!
Enjoy this free gift!

Have fun investing

PS: A group of Pinoys in Singapore is also cooking another gathering that can serve as a regular venue for financial literacy discussions. This is also a good chance for you to network with other Pinoys in Singapore as you go along your financial freedom journey. Discussions about the event is going on right now so join our Facebook group and just look for the thread dedicated to that.

PS2: This is important. Hang around for the next blog where you can get a chance to have a personal finance plan, still for FREE.

What is a personal finance plan?

It’s a plan that will help you achieve your life’s goals focusing on its financial aspect. Yes, we’re talking about life’s goals so this must be big.

In a nutshell, a financial plan will help you have a gauge on where you are right now, where you want to be, and detailed action plans you can possibly take.

This is rather serious as we’ll meet personally a few times to gather data and discuss things.

No any sort of selling, just serious planning that can be of help towards your dream life.

Comment below if you need more details.

What’s the minimum amount you can deposit to your COL Trading Account?

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There are basically two options for you to fund your COL Trading Account.

Online Banking via Merchant Payment
Over-the-Counter via Merchant Payment

Note that these are only applicable to the three banks: Bank of the Philippine Islands (BPI), Banco de Oro (BDO) and Metrobank.

But what’s the minimum amount you can deposit to your COL Trading Account?

The fact is that you can add to your COL trading account any amount you want, but I just found out below new regulation of COLFinancial.com Inc regarding funding that we as clients should be aware of.

*Service Fee for deposits less than Php500.00
     Please be advised that effective July 16, 2012, deposit/merchant payments of less than P500 per transaction made through our partner banks will be      required to settle the service fee charged by respective banks. The service fee varies depending upon which bank you choose:

     Over the Counter (via bank's merchant payment system)

     Banco de Oro - Php15.00
     Bank of the Philippine Islands - Php20.00
     Metrobank - Php25.00

     Online Banking

     Banco de Oro - Php10.00
     Bank of the Philippine Islands - Php10.00
     Metrobank - Php4.00

     (The above rates may change depending on the charges rendered by the bank)
     Please be guided accordingly.

That means if you’re thinking of adding small amounts less than 500, you better hold it first and add it up to your next funding activity until it reaches the minimum 500.

As investors, we should also find ways on protecting our money and not just finding ways to grow it; and this reminder is one way of our asset protection.

There you go! Be guided! Happy Monday!

Have fun investing (and funding with at least Php500)!

The Three Steps of Placing Orders in Philippines Stock Market with COL Financial (Citiseconline) Online Stockbroker

Placing a buy/sell order in Philippines is super easy with online stockbrokers. With just a few clicks, you can already buy your first stock.

With COL Financial online stockbroker, you are guided in their three-step wizard process in placing your buy and sell orders. Other online stockbrokers like BPI Trade, Philstocks and FirstMetroSec may have different screen but the concept is the same.

Simply log-on to COL Financial site and click on TRADE, then ENTER ORDER.

You will then be brought to a blank order screen.

In COL Financial, a green screen means you’re making a buy order. If you select the sell indicator, the color converts to RED.

Three Steps How to Place Buy/Sell Orders in COL Financial Online Stockbroker

How to put buy and sell orders in the Philippine Stock Market with an Online Stockbroker

Opening your online trading account to start investing in the Philippine stock market requires a minimal value. Many online brokers allow you to start with as low as 5k pesos. In fact, if you have an existing bank account with BPI and Metrobank, you can open a trading account even with zero capital.

But opening a trading account under your chosen stockbroker is just the first step towards becoming an investor. For you to buy your first share of your first company, you should know how to place an order and in so doing, make your voice in the stock market world. It’s actually very easy. If you’re at ease with reading this blog or facebooking, it will be that simple.

Below discussion tackles how to place your orders in the stock market through an online stockbroker. Unlike having a traditional broker where you communicate your order through a phone call or text message, online trading allows you to place your order directly through the internet. That means you can practically put you order from anywhere in the world, as long as you have any device (PC, laptop, mobile phone, etc) that can connect to the world-wide-web.

Here are the prerequisites:

1. You should already have your chosen stockbroker.

2. You should already have your log-on details.

Once you have above, log-on to your stockbroker’s site. Just look around the site and you can easily spot where you can put your orders.