Category: Investing

How GTC Ordering Can Benefit Busy SAM Investors

SAM is the acronym for locally-known bourse jargon called strategic averaging method. It is a semi-active trading and medium-term approach of investing. Most traders and investors using this strategy are members of Bro. Bo Sanchez’ Truly Rich Club (TRC), a global community that aims to “help good people become rich”.

SAM is a modified version of cost averaging strategy where you buy below prices and continue to buy until target price is hit, in which you sell everything. Most SAM advocates have COL Financial as their stockbroker but there are some non-Truly Rich Club (TRC) member traders who follow this strategy by looking at COL’s investment guides.

COL Financial supports TRC in applying SAM through their EIP ordering method. But apart from the EIP, DAY or ATO (Off-Hours Order), some online stock trading platforms have special ordering features such as Good This Week (GTW), Good This Month (GTM), Good Till Cancelled (GTC), or At-The-Close (ATC).

In the case of COL Financial, they have the GTC and ATC ordering options. Continue reading How GTC Ordering Can Benefit Busy SAM Investors

What Happens To Your Shares When the Company Gets Delisted?

I had an opportunity to coach a relatively small group of OFW’s in Al Khobar, Saudi Arabia last Thursday, April 11, 2013 that included mostly of couples and their young children. It was an interesting session as questions thrown in were very challenging.

One of the questions asked by a participant was, “what happens to our shares when a company we’re buying becomes delisted from the PSEi”?

And then this morning, I read another similar question asked by a forum member to COL Financial advisor, Mike Viñas who was worried as to what will happen to her shares in a company that has been delisted by the PSE. She was not aware that the delisting has already happened. Continue reading What Happens To Your Shares When the Company Gets Delisted?

Is Lending Money for Profit Compliant with Sharia Finance?

One of biggest population of OFW’s are in the Middle East and other Islamic countries. That’s why our heroes should at least be familiar with Islam not only as a religion but as a way of life that embraces various social, economic, and political subjects.

Muslims live in accordance with the Islamic Law called sharia which is taken from Quran. Every detail and matters addressed by sharia is linked with different issues which means anything about money is related to religion, morals, politics, and culture.

Islamic finance, therefore, runs in accordance with sharia. Islamic finance is not new. It’s as old as Islam itself. It is similar to conventional financial systems as they also have banks, stock market, mutual funds, investment firms, and insurance companies but they are governed both by Islamic laws and by the existing conventional finance industry regulations.

The main concept of Islamic finance is the fact that Allah is the owner of all wealth in the world and the human beings are just entrusted with such. Continue reading Is Lending Money for Profit Compliant with Sharia Finance?