Having a Stock Broker

Posted by Fitz Villafuerte under Investing, Personal Finance on February 1, 2012

Is it necessary to have a broker handle your stock investment? If so, where can you find a good and credible stock broker?

thanks!




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7 Responses to “Having a Stock Broker”

  1. Fitz says:

    Yes, you need a stock broker to be able to invest in the stock market. However, it is your choice if you want to let them handle your portfolio and investment decisions.

    It’s hard to really recommend anyone, but personally – Citiseconline is my stock broker; but I do all the stock investing decisions and manage my own portfolio.

  2. erds518 says:

    @ abby
    First of all & Una sa lahat hehehe,

    TO BUY stocks sa Stock market may taga bili ka and they are the STOCK BROKERS, and here is the deal, Meron Tinatawag na Brokerage Firms na kung saan Company sila ng mga san damukal na mga brokers ng pwedeng maghandle ng account mo.

    The good thing kapag may personal Broker ka pwede ka niyang makausap in person and pwede ka rin humingi ng advie sa kanya. At siyempre medyo hassle kasi every now and then uupdate mo xa thru, Phone or text.

    At meron isa pang klase ng Brokers which is ONLINE BROKERS and usually less hassle because all of your transaction is done online and ikaw ang may control ng pagbili ng stock mo sa stoco market.

    Ang siste nila mag oopen ka ng account sa kanila, maglalagay ng Fund and you can start buying and investing.

    THERE ARE MANY VARIOUS ONLINE BROKERS sample of this are the following

    CITISECONLINE – which gamit ni sir fitz
    BPI Trade – na gamit ko naman
    FIRSTMETRO Investmetn Corporation – NA ang office eh sa Binondo manila
    PHILSTOCK

    and marami pang iba its up to you kung what you more preffer
    ONLINE or personal brokers its your choice

    HAPPY INVESTING

  3. abby says:

    @erds518

    Pano po mag-manage sa BPI trade?may minimum investment fee ba sila?

  4. erds518 says:

    @ Abby
    Ito yung process na ginawa ko in opening BPI trade

    Una nag open ako ng Saving account sa BPI Yung easy savers lang na ATM account
    worth 200 pesos
    dun ko ilalagay ang pero ko for transfer sa BPI trade mamaya

    tapos enroll ko yung account ko sa Express online banking nila
    pag naka enroll kna at ayos na lahat ng account mo,

    Its time to register to BPItrade account

    ang website nila is BPItrade.com

    register ka dun at gagawa ka ng account sa “BPIdirect” eto yung department ng BPI kung saan mag open ng account online

    Mag fill-up ka dun ng application form

    Pagka fillup print mo yung applicatio form at pirmahan dadalhin mo yun sa branch kng saan ka nagopen ng savings account mo, always magdala ng photocopy ng valid ID mo.

    at process nila yung account mo para maopen yun.

    NOTE: BPItrade account is a settlement account, ibig sabihin para din siyang saving account pero wala kang atm or passbook, makikita mo lang ang account mo sa website ng BPItrade.

    Kapag na approve yung application mo (usually it takes 1week) may email kang matatangap na open na yung BPItrade account mo

    IMPORTANT

    Yung BPItrade account no. mo a kailangan mo rin enroll sa expressonline para makapagtransfer ka at malagyan ng fund.

    Kapag naenroll mo na yung account mo pwede kna magtransfer.

    Kapag successfull yung transfer mo makikita mo sa BPItrade portfolio account mo yung amount na transfer mo. and pwede kna mag trade or bumili ng stocks.

    Note: Opening ng BPItrade account ay FREE… yup walang bayad

    pero dun sa settlement account mo merong tinatawag nga DMA or daily maintaining average balance na 500 pesos every month kapag wala apang 500 yng maitaining balance mo may service charge sila na 1200 pesos.

    Kung gusto mo pa ng mas informed and thorough details punta ka sa mga website nila or sa pinakamalapit na branch nila
    webites nila ay

    BPIexpressonline.com
    BPItrade.com
    BPIdirect.com
    BPIassetmanagement.com

    study them well para hindi ka maxado ma confuse

  5. abby says:

    @erds518

    thanks alot po!!!

  6. erds518 says:

    @abby your always welcome 🙂
    happy investing

  7. Yrger says:

    [quote]erds518 on Feb 02, 2012

    @ Abby
    Ito yung process na ginawa ko in opening BPI trade
    Una nag open ako ng Saving account sa BPI Yung easy savers lang na ATM account
    worth 200 pesos
    dun ko ilalagay ang pero ko for transfer sa BPI trade mamaya
    tapos enroll ko yung account ko sa Express online banking nila
    pag naka enroll kna at ayos na lahat ng account mo,
    Its time to register to BPItrade account
    ang website nila is BPItrade.com
    register ka dun at gagawa ka ng account sa “BPIdirect” eto yung department ng BPI kung saan mag open ng account online
    Mag fill-up ka dun ng application form
    Pagka fillup print mo yung applicatio form at pirmahan dadalhin mo yun sa branch kng saan ka nagopen ng savings account mo, always magdala ng photocopy ng valid ID mo.
    at process nila yung account mo para maopen yun.
    NOTE: BPItrade account is a settlement account, ibig sabihin para din siyang saving account pero wala kang atm or passbook, makikita mo lang ang account mo sa website ng BPItrade.
    Kapag na approve yung application mo (usually it takes 1week) may email kang matatangap na open na yung BPItrade account mo
    IMPORTANT
    Yung BPItrade account no. mo a kailangan mo rin enroll sa expressonline para makapagtransfer ka at malagyan ng fund.
    Kapag naenroll mo na yung account mo pwede kna magtransfer.
    Kapag successfull yung transfer mo makikita mo sa BPItrade portfolio account mo yung amount na transfer mo. and pwede kna mag trade or bumili ng stocks.
    Note: Opening ng BPItrade account ay FREE… yup walang bayad
    pero dun sa settlement account mo merong tinatawag nga DMA or daily maintaining average balance na 500 pesos every month kapag wala apang 500 yng maitaining balance mo may service charge sila na 1200 pesos.
    Kung gusto mo pa ng mas informed and thorough details punta ka sa mga website nila or sa pinakamalapit na branch nila
    webites nila ay
    BPIexpressonline.com
    BPItrade.com
    BPIdirect.com
    BPIassetmanagement.com
    study them well para hindi ka maxado ma confuse[/quote]

    That is a most useful informative message!

    Now, I want to request you to tell us how brokers earn their keep in serving us investors, like for example, BPI and Citisec, are at the end of the day brokers, they must and do earn money helping us at least in the most simple task like acting as our office and messenger boy and clerical task-doer.

    Thanks.

    Yrger

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