Monday, March 9, 2015

Gloriedyl Pornasdoro

How To Start Investing in the Stock Market

Step 1. Open a COL Financial  Account 
Fill out the application form, you have 2 options:
Option 1: Online
https://www.colfinancial.com/ape/Final2/home/RegistrationIndividual.asp

Option 2: Download all forms 

https://www.colfinancial.com/ape/Final2/home/pdfs/Individual%20Forms%20complete.pdf

Step 2: Complete this Additional Requirments:
FILIPINO CITIZENS:
-Photocopy of one (1) valid government issued ID
 Photo and signature must be clear
-Billing Statement - Recent, no later than 3 months past


RESIDENT FOREIGN CITIZENS:

-Photocopy of one (1) valid government issued ID
 Photo and signature must be clear
-Alien Certificate of Registration (ACR)
 or Work Permit from DOLE
-Billing Statement - Recent, no later than 3 months past

NON-RESIDENT FOREIGN CITIZENS:

-Authentication of a photocopy of one (1) valid passport
 Photo and signature must be clear
-Proof of Income
-Billing Statement - Recent, no later than 3 months past

IN-TRUST-FOR (ITF) ACCOUNTS:

-Photocopy of one (1) valid government issued ID of the parent
Photo and signature must be clear
-Birth Certificate of the minor applicant
-Duly-signed ITF Supplementary Agreement
  Download here
-Billing Statement - Recent, no later than 3 months past

Step 3: Submit Requirements and application form at Col Business Center 

2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center, 
Pasig City, Philippines 1605

You can submit it thru LBC or other couriers

(NOTE: Please note that COL Financial shall NOT accept documents/packages sent by the company EMS)

Step 4: Fund your account

After you send the application form and requirements at COL Financial, They will send your Account number (via email) That's the time you fund your account, all checks must be payable to COL  FINANCIAL GROUP INC, Please include your Name and COL account Number. Deposit your initial fund of P5000.00 to any BPI,  BDO Metrobank, Asi United Bank near you.

Step 5: Check your email if COL Financial sent your username and password (Check also the spam folder)


Step 6: Login your COL Account 
www.colfinancial.com

Step7: Buy your first Stock! Happy investing!


NOTE: If your new in Stock Market and If you need help, I suggest that you join Bo Sanchez’ TrulyRichClub because they’re incredible in teaching and guiding people how to invest for the future. For more details, Join Now! http://bosanchezmembers.com/amember/go.php?r=60875


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Friday, March 6, 2015

Gloriedyl Pornasdoro

17 Ways Rich and Poor People Think Differently

One from many books that  I must recommend is Secrets of the Millionaire Mind by  T. Harv Eker. This book can change your mindset about money. It shows how rich and poor people think in  a very different way. What I like about this book is that, how can ordinary people can relate and can easily take actions towards their financial goal.

T. Harv Eker, creates a 17 Wealth File in which rich and poor people think differently from each other.

Wealth File 1
Rick people believe "I create my life". 
Poor people believe "Life happens to me."

Wealth File #2
Rich people play the money game to win.
Poor people play the money game to not lose.

Wealth File #3
Rich people are committed to being rich.
Poor people want to be rich.

Wealth File #4
Rich people think big. 
Poor people think small.

Wealth File #5
Rich people focus on opportunities.
Poor people focus on obstacles.

Wealth File #6
Rich people admire other rich and successful people.
Poor people resent rich and successful people.

Wealth File #7
Rich people associate with positive, successful people. 
Poor people associate with negative or unsuccessful people.

Wealth File #8
Rich people are willing to promote themselves and their value.
Poor people think negatively about selling and promotion.

Wealth File #9
Rich people are bigger than their problems. 
Poor people are smaller than their problems.

Wealth File #10
Rich people are excellent receivers. 
Poor people are poor receivers.

Wealth File #11
Rich people choose to get paid based on results.
Poor people choose to get paid based on time.

Wealth File #12
Rich people think “both.”
Poor people think “either/or.”

Wealth File #13
Rich people focus on their net worth.
Poor people focus on their working income.

Wealth File #14
Rich people manage their money well.
Poor people mismanage their money well.

Wealth File #15
Rich people have their money work hard for them.
Poor people work hard for their money.

Wealth File #16
Rich people act in spite of fear.
Poor people let fear stop them.

Wealth File #17
Rich people constantly learn and grow.
Poor people think they already know.

What did I missed?

Just comment and tell me about a book that change your money mindset.
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Wednesday, March 4, 2015

Gloriedyl Pornasdoro

Easy Steps in Saving Money

Most of us find it hard to save money because we don’t know where to start. So let me give you a simple and easy ways to save money, so that you can start your financial goal.

1. Make a record of your expenses
In saving money the very first and most important step that we need to do is to make record of our expenses every month. If I say record all your expense that means every food, coffee even load you purchase that month. (I suggest do it now!) When you finish listing your expenses look at your list and separate it into two categories one is for needs and other is wants, for instance for Needs (food, rent for house) for wants (loads, new dress, expensive coffee)

(Tip: You can right down your expenses everyday so you wont forget every single centavo you spent)

2. Eliminate unnecessary expenses
Now that you have a clear idea of where do you spend your money in a month, eliminate Or limit your unnecessary expenses that belong to "wants" category. Ask yourself, do You really need to buy an expensive coffee everyday yet there's a 3 in 1 coffee that 99% much cheaper than expensive coffee.

3. Saving is a must
Saving 20% of your income every month is suggested, but if you can’t do it, then just start with 10-15%; it's better than doing nothing. Once you get your salary make it a habit that save first before spending.
What we always do is: SALARY - SPEND= SAVE THE LEFT OVER 
But it should be like this: SALARY- SAVE= SPEND THE LEFT OVER

4. Pay your debt
Even if you know where do you spend your money and have the knowledge on how to save. But you still have a debt, you still have a problem. Once you eliminate your debt, saving money is a piece of cake.
  
5. It’s time for Emergency fund
We always hear that emergency fund should be 6-8 months worth of your monthly salary. We don’t know what will happen in the future that’s why we should a emergency fund.When we complete this fund we have a freedom to invest.

6. Invest while you can
while you're young and can afford to invest then do it! It’s not for anyone but its for you. Make money work for you, instead of working for money.  Invest in the stock market or mutual funds or why not both. 

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Tuesday, March 3, 2015

Gloriedyl Pornasdoro

2 Ways to Earn in the Stock Market

All us wants to be successful in life but then we don’t know what to do first, how and when can we start doing it. I know investing in the stock market is one way to achieve our financial goal, if you want to start Investing in the Stock Market but don’t know where to start, don’t worry Bro. Bo Sanchez made it easy for all of us.

There’s 2 ways to earn in Stock Market
1.Capital Appreciation it means your stocks increase its price after certain period of time. For instance, when I bought MBT (Metropolitan Bank) for Php10.00 per share and I bought 100 share of MBT total is 10x100= Php 1,000 in 2010. Then after 2 years (2012) the price of MBT is 20 per share double the price from the time I bought it. It’s very clear that you earn 1000 from MBT.

2.Dividends the other way to earn from the stock market. Dividends are profits that given by the company to its shareholders. Some of the companies give dividends every quarter or yearly.  It depends on the performance of the company. 

NOTE: Different of trading from investing 
Traders- buy today sell it tomorrow or selling it next week (many people lose their money in the Stock Market because of this you really need to study and expert first if you want to be a trader)
Investors- buy today and we will wait for the TP (Target Price) then that’s the  time we sell. Truly Rich Club will tell you when to buy and sell.

Take your first step towards your financial goal, go and Invest Now! 

For more information join Truly Rich Club 


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