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  • This is part two on how to get income on our Stock Market series

  • For those who are asking

  • on where to invest

  • As of now, I only recommend

  • and suggesting

  • is stock market

  • For you to buy stocks

  • like Jollibee, ABSCBN,

  • GMA7

  • You need to have a stock broker

  • like online stock broker

  • You cannot go directly

  • to Jollibee and ABSCBN

  • to buy stocks

  • In this video

  • I will share a few of my knowledge

  • on how to open account on COL Finacial

  • It's an online broker

  • To open an account

  • There are two steps

  • You'll go directly to their office

  • then you'll fill up a form and submit an ID

  • then you can also pay there

  • Step 2, you can do it online

  • even if you don't go to their office

  • Thr advantage of going directly to COL Financial

  • on their main building

  • or their satellite offices

  • is it's faster to open

  • Once you got there

  • you'll fill up

  • then you can fund your account there

  • in one to two days

  • you'll have your account ready to use

  • For online, it's a bit longer

  • it'll take you about 3 days

  • or 7 days up to one month if you're abroad

  • Let's go to frequently asked question

  • How much is the registration fee to open an account?

  • There's none

  • You just have to fund your account

  • For example, 10k

  • If you funded your account for 10k,

  • you'll have 10k there

  • and that 10k

  • can be used to buy stocks

  • there's no registration fee

  • You'll get the whole 10k

  • Step 1 is to choose your account type

  • Starter, COL Plus, COL Premium

  • Their minimum investment has changed

  • it was 5k before

  • now it's just 1k

  • Disclaimer before we start

  • I am not an expert when it comes to stocks

  • I just sharing knowledge that you can earn here

  • and this is a good investment

  • If you're looking for more detailed information,

  • there's a lot of Filipinos on Youtube better than me

  • Step 1 is to choose your account type

  • Those types doesn't have anything to do with charges

  • COL Starter, minimum investment is 1k

  • meaning, you'll fund your account 1k

  • it was 5k before

  • and now, it's only 1k

  • But I am suggesting

  • to initially invest around 10k

  • when buying stocks,

  • it should always worth 10k

  • because there's a charge

  • when buying stocks amounting 1k

  • and the charge of buying 9k worth of stocks

  • is just the same

  • for you to maximize the charge

  • it's better to buy stocks worth 8k to 10k

  • For COL Plus, the minimum investment is 25k

  • COL Premium is 1Million

  • This is for our millionaire viewers

  • What's the difference between COL Starter and Plus?

  • In COL Plus,

  • These prices

  • bids and offer volumes

  • changes

  • it's not real time

  • it changes ever 5 to 10 seconds

  • These that are highlighted in blue

  • are changing values

  • that's for COL Plus

  • In COL Starter,

  • it's just steady

  • It'll only update if you click update

  • The page will refresh

  • that's the only difference

  • If you're planning of long term investment

  • choose COL Starter

  • I don't know about COL Premium

  • because I don't have a million to open an account there

  • If you open your COL Starter account

  • that 1k minimum

  • you can still upgrade to COL PLus

  • that's for free

  • In my experience

  • when I opened an account

  • I initially deposited 13k

  • That's COL Starter

  • because it's 25k here

  • I invested another 10k, then another 10k

  • My balance is now 30k

  • My current balance is 37k

  • I just emailed them

  • to have my account upgraded

  • That's for free

  • Once you reach 25k as your balance

  • on your equity value

  • or the total deposited amount

  • just email helpdesk@colfinancial.com

  • But if you are not an active trader

  • COL Starter is okay

  • Second step is to fill out application form

  • click on download all forms

  • Just fill this up correctly. Fake details are prohibited

  • Don't be afraid of the form

  • There are no scientific questions there

  • like any about photosynthesis

  • that's just your information

  • to register in online brokers or other brokers,

  • you need a TIN

  • Tax Identification Number

  • You'll not be able to register if you don't have one

  • It's not hard to get one

  • Just go to the nearest BIR

  • then get a TIN

  • Tax Identification Number

  • I'm not sure if you can get one online

  • I got mine directly from BIR

  • Manila Intramuros

  • That's way back 2012

  • Fill it out correctly

  • Scroll down

  • You'll enter your bank account here

  • When you withdraw

  • your available funds

  • they'll send it to your registered bank account

  • Mine is BDO

  • Branch is Valenzuela

  • then the account number of your bank

  • It's not allowed to use someonelse's account

  • even if it's your mother or sister

  • it should be under your name

  • If you don't have a bank account

  • I have a video about the easiest bank account to open

  • it's on the card on top

  • or in the video description

  • EON Union Bank

  • Email address is also important

  • It should be your active email

  • They are sending important messages there

  • if there's an error

  • or you have a notification

  • and you need to do something

  • they'll send it to your email address

  • and also if you change your password

  • so that's also important

  • Individual Disclosure form

  • you also need to fill that out

  • that's just about your citizenship

  • if you're living in the US

  • or you're a green card holder

  • Once done with the form

  • You need to submit a print out

  • to their office

  • Scanned document is not allowed

  • It should be a hardcopy

  • with your signature

  • You'll submit it to COL Financial Office

  • You can send it through express

  • like LBC

  • or whatever courier you have

  • Before you send this form

  • Scan it first

  • or take a picture of it

  • Take a photo of customer account information form

  • and the indiviadual disclosure form

  • then send it to helpdesk@colfinancial

  • for them to check your form if there's something missing

  • or something you need to change

  • or needs correction

  • Send it here

  • but you'll not get registered yet

  • you'll just have them check it

  • if you send it right away

  • without double checking, there might be a mistake

  • you'll send another one then

  • if you're abroad, you'll send another form

  • that's much of a hassle

  • The online security trading agreement

  • should be read and kept by the account holder

  • it's on page 4

  • online securities trading agreement

  • You'll not send it back to them

  • You just have to read that

  • and keep it

  • Prepare additional requirements. Filipino Citizens

  • Photocopy of 1 valid government issued ID

  • Photo and signature must be clear

  • I used my passport for this

  • or my SSS ID

  • I can't remember but it's one of those two

  • When you're abroad

  • you don't need to send your passport

  • or your SSS ID

  • it's just a photocopy

  • Minimum age to register

  • is 18 years old

  • If you're below 18 years old

  • You'll fall under in trust for accounts

  • Step 4 is submit forms and requirements

  • Submit everything you filled out

  • it's up to you on how you want to send it

  • You can use LBC

  • whatever you preferred

  • This is the address of COL Business center

  • Once they receive it

  • You'll just schedule a live interview

  • The interview is not hard

  • they'll not ask you about why should they hire you

  • Just an interview

  • to confirm that the ID

  • it's like KYC

  • where you'll hold the ID you submitted and show them

  • that it's really you

  • and you own the ID

  • then maybe some questions

  • I didn't go through that

  • because I went personally to their office to open an account

  • They'll gice you instructions via email

  • After submitting the form

  • and interview

  • They'll give you COL account number

  • Don't ever forget that

  • because that'll be your username when logging in to your account

  • next step

  • is you need to fund your account

  • Mine indicates 5k pesos March 26, 2018

  • when I visited their website now

  • Today's October 9

  • it's only 1k pesos

  • You may now open an account for only 1k

  • to fund your account

  • you can do via online bills payment or online banking

  • Over the counter,

  • bills payment

  • You can go to the bank

  • then fund your account there

  • COL business center

  • you can go directly to their office

  • They also have overseas remittance

  • The easiest one is online bills payment or online banking

  • every bank

  • has own instruction

  • online bankings differ

  • You can read BDO online banking instructions

  • This is a sample for BDO