There are four things you need to do.
1. Familiarize yourself with the different types of brokers.
- Full-service broker from the name itself, gives you their full service. From company background to analysis and forecasting, they’re your girl/ boy.
- Discount broker, obviously, they’re less expensive than the aforementioned. You have to do the extra job though.
- Online Broker who conducts their bidding online.
Make some research and ask your friend’s recommendations. There’s nothing like a good suggestion to keep you going.
2. Open an account by preparing two valid Identification cards, your form and a minimum deposit- in case your broker/ the company requires it.
3. Place an order and remind yourself that the trading hours are from 9:30 in the morning to 3:30 in the afternoon, Mondays thru Fridays. Ask your broker about this, and remember that the process takes three days, so make sure to plan ahead.
4. Finally, monitor your stocks. This is a no-brainer. Don’t depend on your broker for everything! Do your part of the work and handle your money. It IS your money after all.
That sums up the how-tos and need-to-knows in investing.
So you have no time, huh? If so, you can invest in VULs and Mutual Funds as discussed by Ms. Estelle Osorio. PhilAm Life offers what they call, Money Tree which uses 98% of the money for mutual funds while 2% are saved for your insurance. Of course, there’s the mutual funds, bond funds, equity funds and balance funds which all varies in their own way. To avoid further elaboration, you can do your study on that yourself.
Plus, there’s only so much one can swallow and the information in this article is already overflowing. It practically summed up the whole 3 hours of the seminar. If that’s not enough, the former Head of PSE’s market education department, Mr. Jay Peñaflor, left us with some cliffhanger for the second module. It is what he calls FUTOCA or the Daniel Padilla Stocks. FUTOCA basically means that in order to have the perfect stocks, it has to be Fundamentally Undervalued, Technically Oversold, and a CAtalyst. What does that mean? Your guess is as good as mine.
On a personal level, the seminar was not only informative but also, remarkable.
To top it all off, Ms. Estelle Ople Osorio and Mr. Ryan Ulysses Cruz were more than graceful to give us the time to take photos, ask questions and promote WhenInManila. Definitely a plus!
Everything was icing on the cake after that. Since the seminar was in Cubao, where else would you go but to the most-raved-about-place in the vicinity, Cubao X. Quoting the words from this article, “…if you want to find the center of artistic talent in the Metro… You need to come to Marikina Shoe Expo / Cubao Expo, better known to many as Cubao-X”. Well said!
So if you’re planning to learn more about the next big thing in Stock Investing, I suggest you go here (click on the link) to save yourself the time and effort to find something better. It’s the best way to get the most out of your money When in Manila.
Stock Market Investing for Beginners
Biz Whiz Business Training and Consultancy