I’ve noticed that a lot of people visit my blog to learn about investing in Stocks through Citiseconline and they’ve been asking me how to open an account.
There are instructions in Citiseconline’s site but for your convenience, I’ll give you my own (hopefully more understandable) version:
This is for Filipinos who don’t have the time to go to Citiseconline’s office at Ortigas or who don’t live in Metro Manila:
1. Download the forms from the site and print them.
2. Provide additional requirements:
|(1) Photocopy or Scan copy of a Government Issued Valid ID|
|(ex. Driver’s License, Passport, SSS ID, Senior Citizen ID, Voter’s ID)|
|Important note: Photo and Signature on the ID should be clear|
|Billing Statement – waived with a personal appearance|
|(ex. Utility Bill, Credit Card Bill)|
|Important note: Name, Address and Date should be present in the statement|
3. Submit the filled out forms (from Step 1) and the additional requirements (from Step 2). Note: You can even call them and arrange for pick up of your documents – absolutely FREE! Call them at 6515888. But if you live far from Metro Manila, just mail your documents through LBC, JRS or any courier company to:
2403B East Tower, Philippine Stock Exchange Center,
Exchange Road, Ortigas Center, Pasig City 1605, Philippines
4. Fund your account.
How much do you need to open an account? 5,000 pesos only. It is similar to opening a savings account. You can already buy great companies with that amount of money.
Once your application will be approved, they will send your 8-digit COL account number through email.
To help you get started in learning about the stock market and start your journey towards being financially free, you can join the Truly Rich Club. What are the benefits of joining the club?You will receive stock updates from them-it contains a list of recommended stocks that you should buy and email alerts when you should sell them. You will also receive audio books and ebooks from them. Aside from that, you will receive a Wealth Strategies guide from different businessmen who have been there, done that in business. So if you are planning to start a business, then it’s really the best place to learn. They’ll guide you every step of the way.🙂 I’ve never regretted being a member of the club because they really give you tips and soooo many useful resources not only to enrich your pockets but also to develop other areas of your life as well. I highly recommend that if you are a beginner like me, you learn only from the best people.
(Update, Aug 5, 2013) And I have one last good news for you. Right now, the stock market is down so it’s really the best time to get in. You can buy great companies at a bargain price! It won’t be long until the prices of the stocks go up again. So if you have some extra cash/savings that you want to grow for your future, don’t let it sleep in banks. You will lose a lot because of inflation. If you want to put it in banks, buy the banks instead! This is what Bo Sanchez, our financial mentor advised. Buy the stocks of the banks through the stock market instead of just lending it to them – for a very, very low interest. Learn how the rich people get richer and how we can also adopt their mindset through the awesome club.🙂