Recently, I started my journeyÂ to stock investment. What convinced me? The story of Bo’s maids convinced me to invest on stocks. Just like Bo’s maid, I don’t also earn that much. Aside from my low income, I also need to support my parents financially. But I have a monthly “paluwagan” in which my entire year contribution Â is returned to me by the end of the year with minimal interest. Instead of joining the “paluwagan”, I will justÂ invest on stocks the money I set aside monthly for it.Â After contemplating and praying, I decided (with my husband’s approval) to open an account with COLÂ Financial.
COL Financial is an online stockbrokerage firmÂ same with BPITrade. But why I chose COL over BPI? Simply because I find the instructions for opening an account with COL easier and simpler than BPI :D. I just sent the filled-out form and the required documents via courier Â to COL Financial‘s office and after a week, I got an email from them telling me thatÂ my application was approved. Included in the email is my account number and password.
Funding my COL account is not also a burdensome. I just enrolled my COL account to my Bills on my BPI Express online account and presto, I can fund my COL account anytime. The payment reflects on my COL dashboard in less than an hour. That fast!
I am totally a newbie in stock investment. The only knowledge I have is the Easy Investment Program (EIP) discussed by Mr. Bo on his “My Maid Invests in the Stock Markert” booklet. Â But I took the risk :D. OnÂ July 1, I Â bought my first shares from Ayala Land Inc (ALI). Right now, I minimal shares from 5 companies. One of them is Cebu Pacific Inc (CEB) which recently give out dividends. I received mine. It was very small because I only have 10 shares from CEB. But still, it is bigger than the interest I get from my savings account.
If you are interested with stock investment, there are so many free guides online. You can check this step-by-step tutorialÂ and DailyPik. So far, these sites are my guides. Â If you have the resources, you can also subscribe to Mr. Bo’s Â Truly Rich Club. You can also like the Facebook pages about stock investments to gain more knowledge about stocks.
I will be sharing my investment experiences as a newbie here so stay with me as I go through this journey. God Bless!