do you need a lot of money to start in stock investing?
By darylT
@darylT (85)
Philippines
July 25, 2010 8:23am CST
NO! in the Phil Stock Exchange, you can start with as low as less than 2000 pesos. let me give you an example:
Price per share Minimum no. of shares bought Total price
Php .100 10,000 Php 1,000
1.000 1,000 1,000
10.000 100 1,000
100.000 10 1,000
You buy the stock by board lot, which is the minimum amount required. you can buy more if you want. just allot more or less Php200.00 for broker's fees. but if you want the broker's fees to be waived, you can invest Php25,000. so friends, if you've got some money to spare, why don't you try the stock market?
1 person likes this
3 responses
@damned_dle (3942)
• Philippines
26 Jul 10
Are you a broker? Are you doing good in that field of market? I'm from the Philippines too and I'm interested but I don't know anything about the stock exchange business.
@darylT (85)
• Philippines
26 Jul 10
i'm not but i found out for myself that i can make good money from it. sometimes i would lose some because i needed to take out some funds for my other needs. but in general, my net gain is more than my losses. the important thing here is timing. last february, i bought 1k shares of Metrobank at P42.50 each. i sold it at P59.00 by May. if you compute it, it's more than 100% per annum. a savings bank account will only give you 1-2% interest. on the other hand, the first stocks i bought was Splash corp. at 3.60. it's down to 2.50 now. i'll just hold on to it and wait for its price to go up again. for starters, you can buy from the list of active stocks available everyday at the PSE website.
@o0jopak0o (6394)
• Philippines
27 Jul 10
i use bpitrade, i think its good that you are investing in stocks. but i buy stocks for the future and not for small gains.
@o0jopak0o (6394)
• Philippines
28 Jul 10
well its ok that your diversifying your stock. i sometimes do this but only if i want small gains and such. i usually give less than 20% of what i invest in small gains so i wouldnt feel horrible if it goes negative.
@darylT (85)
• Philippines
27 Jul 10
i agree that stocks are really for the long term. you save a lot in terms of broker's fees that way. but sometimes i get tempted when i see the price go up beyond what i had expected. i try not to take it out though. i then look for another stock to buy again.
@magtibaygom (4858)
• Philippines
26 Jul 10
You mean to say, investing with P25,000.00 without a broker? How is that possible? Do we need to visit the stock exchange to invest or is it possible we can do it through online ways? Can you please share to us who to do it? I am very much interested. Thanks!
@darylT (85)
• Philippines
26 Jul 10
you can try investing online at www.citiseconline.com for a minimum of P25,000. you give them your 25k and they're the one who'll suggest what stocks of companies to choose from. i've visited their site but it's confusing for me so i decided to invest with a broker. if you're tech savvy, you can save on broker's fees here.
if you have a broker, they charge you a fee everytime you buy or sell. you can invest in the minimum amount required. however, if you buy 25k worth of one particular stock, the broker won't charge you his fees. it's actually the same broker you're transacting with, only that you're not paying him broker's fees for this one transaction.
