Skiddoo Philippines Inc

59 thoughts on “How Can OFW’s Invest in Stocks Online?”

    1. Hello Edralyn. Thanks for inquiring about COL EIP. Have you gone through the article?

      Basically, once you have submitted your application to COL, relevant details will be sent to you regarding funding and scheduling of your EIP stocks.

      What particularly do you want to know about the EIP?

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  2. Hi Burn! Thanks for the info. I’m thinking of opening an account this week. So with the initial fund of P5,000, flexible na ba iyon in buying stocks sa different companies? Like for example, maglagay ako ng P2,500 kay A at P2,500 kay B, is it possible? And how much ang minimum investment sa mapipili kong company? Thank you.

    By the way, this article is very useful. Inintroduce ko kasi ‘to sister ko kanina lang, I showed her Pesos and Sense’s Youtube video, and super interested sya, at and tanong niya agad sa akin ay paano sumali. Until she decided to have mom open her acct with EIP, then saka nalang sya mag-oopen ng sa kanya pagdating niya dito sa November. I’ll share this to her, so at least she’ll know what to do. :) Thanks again, Burn. ^^

    1. Hello Angel! Congrats to you and your sister for deciding this early to invest!

      That depends on the price of stocks that you’re gonna buy. For example, you can BPI shares for around P1,000 these days for the minimum required shares to buy. The same thing with Jollibee. Other companies like Ayala Land can be bought at around P2,500 for the minimum shares required for buying. So you will still have a few pesos left from your P5,000, so to speak. Just leave it there in your portfolio’s “cash balance” to be added up to your next month’s investment. Hope to help you more. Just keep on posting your comments so that I could guide you further.

      Thank you very much for following my blog. God bless you and your family! :)

  3. Orayti! Thanks, Burn! Big help it is! :)

    I saw one of the comments in Pesos and Sesnse’s blog about Peso
    Cost Averaging that there’s a trial account thing, I think it was from you (not sure though). I’ll try it for now. I’ll let you know if I have questions soon. Hehe.

    Tee why! 😉 God bless you too and your household.

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  5. hi Mr. Burn,
    im really wanted to invest and i want the COL Plus but still not cleared for me, they are the one to recommend which is the right company to join and buy shares? or do i need to go on their office to verify with my self? @ COL Financial Business Center
    24th flr. East Tower, Philippine Stock Exchange Centre,
    Exchange Road, Ortigas Center, Pasig City
    1605 Philippines.

    Could u pls help me to get through, all the requirements and application to be needed.
    is this long terms of investment or any time, any months, in a year u can pull-out your shares?

    1. Hi Antonio! Are you based overseas? Even if you are in the Philippines, you may send the application forms to them without going to their office. Kindly read my blog post again. All the requirements are indicated above.

      Investing should always mean long-term. But you can withdraw anytime should find it not beneficial for you, which is impossible. :)

  6. hi burn,

    first of all i’d like to thank you for your very helpful blog.

    i just like to ask if the Php5,000 same as the php25,000 initial deposit
    will be your maintaining balance each month like the bank deposit maintaining
    balance? sorry for noooobie question 😉

    thanks in advance!

    1. Hi! Don’t worry, you’ll soon be part of the 1% investing Filipino population. :) And thank you as well for visiting my blog.

      The P5,000 and P25,000 are just initial investing amount required by stockbrokers as mandated by law. Investing in stocks, mutual funds, UITF’s, etc. require no monthly maintaining balance (or topping up) as these are not deposit/bank products. You have total control of your portfolio after your initial investment.

  7. hi!can you tell how to open an account even if I’m here abroad? may i know your e-mail add if you don’t mind.


  8. PSE Academy ( provides a comprehensive, interactive, and practical web-based investor education for market participants, would-be equity investors, and the public in general.

  9. Hello Burn, I read thoroughly available information regarding EIP. I am working in Kuwait and i want to grasp first hand clarity how possible it is to engage in TRADING ONLINE (while in Kuwait). I really want to attend the free seminar but as i said am currently working in kuwait and my annual leave will be on february(2014). Hoping COL would provide downloadable “EIP seminarCoverage” after joining confirmation.

    1. Noel, EIP is COL’s program to provide affordable investing venue for Filipinos everywhere. The concept is that you buy shares of companies, let;s say worth P5,000 on a monthly basis. You can already buy Jollibee and BDO shares with that amount every month. You just keep on buying every month for the next 10 to 20 years. Do it for your retirement or for the education of your children. It’s that simple. I can help you open an account even if you are still there in Kuwait.

      This episode of Pesos and Sense may help you give further information about investing through COL:

      Let me know if you have more questions.

      1. Thanks Burn, my family will now tour Pesos and Sense episodes. Somehow, pls comment where can i find the whole current Traders Code? At the moment im just waiting for my BDO account detail in appx45 days, then i will hit PSE Line, thanks to You and COL in advance.

        P.S. pls verify OSTA no.13 regarding investment advice from COLPlus account priviliges.

        Ill keep in touch. Best regards.

        1. I’m not sure what you mean by Traders Code.

          You don’t need to have a bank account in order to start investing in stocks. And you can choose COL Start instead of COL Plus.

          No. 13 terms/conditions simply state COL limitations and responsibilities as a broker and not as an advisor. They can only guide us but not provide professional advice.

  10. Hi burn! Im an ofw and i invested in stock market.what if something happened to me who will benefit my earnings if ever?since wala namang na mention doon kung sino ang beneficiary ko in case may mangyari sa akin.ano po ba gagawin ko.thank u burn and God bless u always.

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    1. Oo, Joselito. Starting ang P5,000, maibibili mo na yung ng minimum shares ng dalawa hanggang 3 companies. Tapos sa mga susunod na buwan nasa yo na kung magkano ang iinvest mo. Pero advisable na at least 20% ng sweldo mo ay iinvest mo for your retirement.

    1. Hi Allan, isang stockbroker ang COL. Kung gusto mo maging part-owner ng mga publicly-listed companies sa Pilipinas gaya ng Jollibee, PLDT, SM, etc., kailangan may account ka sa isang stockbroker gaya ng COL. Sundin mo lang yung mga steps sa article kung paano ka makakapag-open ng account sa COL.

  13. Hello! Your blog is so interesting & helpful. Im planning to invest but i dont know how, please advise. Tnx & God bless!

  14. Hi Burn! Thanks for the very useful info. For the 25k initial investment, kailangan ba everymonth din 25k or depende sakin and sa budget ko? Say next month i have 10k and then the following month 5k. Pwede ba un ganyan sa Col eip? Or better yet go for the 5k initial?

    Another thing, i used to have tin number and sss number when i was working sa Pinas which is req’d in filling up the app form kay Col. but when i started working abroad, wala na ako idea sa tin and sss number ko. Paano ang gagawin jan? Kasi even my wife wala na rin sya idea sa tin nya since she stopped working a few years back. Any suggestion? Thanks in advance for your time.

    1. Hi Aj. Hindi kailangan na 25k din sa succeeding months. Depende yan sa mgiging monthly budget mo for investing. Pwedeng COL EIP/Starter na lang muna ang i-open mo dahil reports and analysis lang naman ang pagkakaiba nung 25k and 5k starting accounts.

      Yung SSS and TIN, pwedeng to follow na lang. Pakiusapan na lang ang COL. But I suggest na hanapin ninyo ang TIN and SSS nyo for future use. Pwede yan itanong sa former employers ninyo or sa SSS mismo.

  15. Hi Sir Burn, Thank you very much for your prompt response. I really appreciate it. I will do the procedures that i’ve seen on the link on how to open an account to COL. Hoping for your continuing guidance for investing. More power!

  16. hi Burn, pwede ko ba pondohan ang aking magiging COL aCcount through remittance centers? NAsa UAE ako wala akong ol bank account. thank you

  17. Hello again sir. You mentioned about protecting ourselves and family with life insurance and 6-Month worth of cash savings for emergency fund…
    I would like to hear your advice po kung saan best makakakuha nito.. Thank you again.

    1. Sa life insurance, pumili ka sa top 5 o top 10 insurance companies sa Pilipinas. Makikita mo sila dito:
      Hingi ka ng appointment sa kanilang agents at pag-aralan mo mabuti at ikumpara ang bawat isa bago ka magdecide kung alin life insurance product ang kukunin mo.

      Sa emergency fund, ikaw ang mag-iipon nito. Pwede mo umpisahan na pagipunan sa 3 months na emergency fund. Magtabi ka ng kahit 10% ng sweldo mo hanggang mabuo mo ang 3 months na fund.

  18. hi dito po ako s jeddah nagwowork ngaun and interested po ako bout s col but the problem is i don’t have a TIN number, moron po b kayong bang way to get a tin number habang nasa abroad ako, thanks

  19. Ser paano po mag apply sa broker n col financial andto po ako sa abroad ngaun.pwede po ba dyan savings account ang gamitin ng metrobank.salamat po

  20. Greetings sir! In opening a col account sir,isa sa mga requirements po doon eh yung bill..ask q lang po kung pwede po bang gamitin kahit bill ng kuryente na nakapangalan sa parents? kung sakali po ba pwede kong gamitin ang bdo kabayan savings account to fund my investment thru col sir? Salamat po.

    1. Hi Vilma. Yes, pwede ang billing statement na nakapangalan sa magulang mo. Yung online banking ng BDO mo pwedeng pwede na gamitin sa funding mo ng investment sa COL. Bibigyan ka naman ng instructions ng customer officer mo sa COL later on. Good luck!

  21. (Note: OFW’s may submit their credit card or bank statements in their country of work. Just make sure that the address you wrote on the forms and signature cards is the same as the address indicated in the credit card statement.) BILANG OFW PO HINDI PO AKO NAG OPEN NG BANK ACCOUNT SA ABROAD, REQUIRED PA RIN PO BA ITO SA MGA WALANG BANK ACCOUNT SA ABROAD NA GUSTONG MAG APPLY SA COL FINANCIAL PHILIPPINES?

      1. Hi Sir.seabased po ako onboard ngaun!ang bakasyun ko by Dec.mga 2nd week mas gusto ko kasi personal ako mka attend para maintindihan ko ng maayus.,nkapag try n din po ako ng webinar kaso nkkulangan pa ako.,salamat sir

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