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Investment Stock Market

I Finally Opened an Account for my Stock Market Investing!

4/28/2014

Even if I already gained a little bit of knowledge about stock market investing by reading different resources on the internet in the past couple of months, I knew that I wasn’t ready to get into the real thing yet. Therefore, I attended two free seminars that COL Financial offers to interested investors. Yes you read it right. These two seminars are free and that’s absolutely a good thing for a wannabe investor!

However, I still felt the same thing even after attending the seminars. So I spent some of my free time reading more blogs and articles about stock market. There are two other advanced seminars that COL financial offers for FREE but only for those who already have an active account with them. This means that in order for me to attend the seminars, I need to open an account first. Otherwise, there will be a fee for non-account holders. And for a wise investor, I don’t want to pay for something that I can get for free.

One thing I learned from one of the speakers, Mr. Aya Laraya, is that when we open an account for stock market investing, it’s better to let your spouse or a relative know about it. Or better yet, open a joint account with your spouse (if you’re married). The reason behind this is somewhat similar to having an insurance plan. We don’t know what’s going to happen to us, and if the uncertainty happens (knock on wood), at least there’s another person who knows that we have an investment. Just a disclaimer though, this is how I understood his explanation. I’m not sure if this is what he actually meant.

Going back… When I finally decided to open up a joint account with COL Financial, I convinced my husband to join me to the Philippine Stock Exchange building in Ortigas, Pasig City. I tried to explain to him our purpose of going there but because he doesn’t know anything about stock market and that he’s not interested, I just asked him to affix his signature on the application forms and the other documents. My application was approved after 2 business days and they sent me my COL account number through email. I funded my account immediately and it was activated after four business days.

My account was ready, my fund was enough to start trading or investing, but I wasn’t confident enough to get it started. Two weeks passed and I finally decided to get into the real game.

So this is it!!! My First Day in Trading