Three days ago, I wrote about how OFW’s can open and invest in stocks through COL Financial. The post was intended for overseas Filipinos who want to start investing in the Philippine stock market while they are in their countries of work.
Compared with my other two stockbrokers, I prefer COL Financial because of their passion and dedication to support OFW’s in taking their first steps toward financial independence.
I’m not working for COL Financial. But I highly recommend them to OFW’s because of their good quality of services. They are also known for having one of the best online trading platform in the country.
They also created the COL Easy Investment Program or EIP which is now being benchmarked by other stockbrokers, banks, and financial institutions in their respective investment products that apply the cost averaging method of investing.
Today, I’m gonna enumerate the most enduring and profitable companies in the Philippines that you can put your first investment money in.
Top 10 Companies to Buy Long-Term for Your EIP
“I’m gonna buy a company with just Php5,000?”
Of course you can. There are even some companies that you can invest in for less than Php1,000. But for now, I will particularly identify which companies you will buy these days as recommended by the researching experts of COL Financial.
In the stock market lingo, we call them the “blue chip” stocks.
At last, you will become business partners of Henry Sy, George Ty, Manny Pangilinan, the Ayalas, and more.
Here are the 10 companies that COL Financial is recommending to be part of your EIP portfolio (Investment Guide as of December 5, 2012):
- Banco de Oro (BDO Unibank/BDO)
- Metropolitan Bank and Trust (Metrobank/MBT)
- EEI Corporation (EEI)
- Manila Electric Company (Meralco/MER)
- Ayala Corporation (AC)
- Alliance Global (AGI)
- First Philippine Holdings (FPH)
- Filinvest Holdings, Inc. (FLI)
- Megaworld Corp. (MEG)
- SM Prime Holdings (SMPH)
Please bear in mind that these independent COL recommendations may change from time to time.
From the comforts of your home (or your Apple gadgets), you can log onto the COL website and buy the stocks from the list above that you like. You don’t have to go the COL Financial office or to the bank just to fund your portfolio. You can do the funding online, that is, if you already have an online facility with your bank of choice.
Or you can directly remit the amount to the COL Financial’s BDO account. Just remember to email the Helpdesk a copy of your remittance slip for efficient tracking for your credit.
What is the Minimum Number of Shares That I Can Buy?
Every company requires a minimum number of shares, popularly called “board lot” everytime you want to buy shares.
For example, you can not buy Ayala Corporation (AC) these days if you only have exactly Php5,000 because their prices are a tad bit higher now. Its price now is Php499 per share and they require a minimum of 10 shares. Since you’ll be paying for other charges and VAT, you’ll be needing at least Php15 more on top of your Php5,000 in order to buy 10 shares of AC.
But you can buy EEI, BDO, PNB, FLI, and the rest in the list as their minimum required purchase are priced at Php2,000 and below.
When you finally decided which companies to buy for your first investment under EIP, make a commitment to buy them regularly without selling for at least 10 years. Depending on how young you are. 😉
Just kidding. But seriously, (I thought you were just kidding???) make this a monthly habit of yours. Consider your portfolio as your piggy bank.
And you’ll be richer by an average of 12% a year (and even more).
Watch out for my next post on how to buy the shares of the companies above by subscribing to BurnGutierrez.Com
P.S. Three years ago, I joined the TrulyRichClub. It was one of the best decisions of my life. Founded by Bo Sanchez, its purpose is to “help good people become rich”. Because of the guidance I get from the Club, I’m now investing in the Stock Market (and mutual funds, bonds, UITF’s) each month! It’s amazing how I’m personally growing in my finances. I’m inviting you to join the Club too. If you’re interested, then join the TrulyRichClub NOW! And email me at burngutierrezblog@yahoo.com.ph if you have any questions.
I believe investing in BDO stock is a fantastic opportunity. They’re still the biggest bank in terms of assets, and their stock’s value is steadily growing. If you want to learn more about this, you can read this article .