The Basics of Stock Investing - Philippine Stock Market

Many people thought that Stock Market is a very complicated investment arena.  I was one of the majority until I started to invest, I used the word "invest" not play.  I am an investor at the same time a trader, the two are different in many forms and objectives.  Firstly, I want to talk and about the basics of Stock Investing, no complications, it's Simple and Easy.

In every investment, we want a return.  How much? How big? How long?  That's what we need to define, we need to put our horizon.  Lets start now.

Stock Investing, Easy and Simple!

How much do you need to start?

Basically, $200-$500 could be a good start.

1.  How do you start?

Open bank account, enroll for an online banking for convenience.

2.  What is the next step?

Find out a broker. Firstmetrosec, COLfinancial, BPITrade, Macquarie, CLSA, to name a few.  Browse the net and go to their website, there are options to download forms and fill it out online.  Once you filled, print and send it for verification, they may need some ID issued by any government authority.  If you knew somebody with investing experience, better ask.

3.  How long the broker can open my account?

Depending on the broker, it may take 7 working day to 15 working days.

4.  How can I fund my account?

Do it via bank transfer, that's why you need online banking.

5.  Once funded, can I buy stocks?

Yes, you can start buying stocks of your choice.

6.  How do I know what to buy?

Make your own research of the companies listed in the Philippine Stock Exchange.  There are researches and write ups made by the broker's research team.  Use them as GUIDANCE.

(Next issue - Stock Market Investing Series)