Personal Development, Finance and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
The best time to plant a tree was 20 years ago. The second best time is now.
As what Lesley Scorgie, author of Rich by Thirty and Rich by 40 said, " The earlier a young person can save and invest for their future, while avoiding financial pitfalls like expensive bad debt, the greater financial flexibility they will have throughout their life to pursue their dreams." Time is your friend. Time is Gold. Be fearless in the pursuit of what sets your soul on fire.
Stock Investing is one of the best financial instrument that will help you to reach your financial goal. The question is, how can I start investing in Philippine Stock Market? Investing in Philippine Stock Market is much easier now! With the help of an accredited online trading broker you can start participate in Philippine Stock Market. If you are looking for a stock trading broker, you may consider UCPB Securities (My Stocks).
How Do I Start?
First you need to open a Funding Account and a UCPB Securities Settlement Account (USSA) at your nearest UCPB Branch
Funding Account (any UCPB Current or Savings Account)
UCPB Securities Settlement Account (USSA)
a. UCPB Savings Account
*If you already have an active regular UCPB account, you may use this as your Funding
b. Letter of Introduction, clickhere
c. USSA ADA Enrolment and Maintenance Form, click here
How Do I Open A UCPB Securities (My Stocks) Online Trading Account
1. Visit their website www.ucpbsec.com, and click on "Open a MyStocks Account"
2. Read the Online Trading Account Opening Procedures and then click "Proceed to Online Trading Account Application Form"
* Indicate your USSA account number as your "Stock Trading Account Number".
* Ensure that your personal information details are the same with your USSA Account.
3. Print and sign the Online Trading Account Application Form, Online Trading Agreement and UCPB Securities Inc. Specimen Signature Cards.
(NOTE: Printer is required for completing this application.)
4. Submit the accomplished UCPB Securities forms together with complete requirements to:
UCPB Securities, Inc.
7th Floor, UCPB Corporate Offices Building
7907 Makati Avenue, Makati City
5. You will receive an email with your MyStocks Account confirmation in 3 to 5 banking days.
(NOTE: DO NOT send funds until UCPB Securities, Inc. confirms that the account has been opened.)
6. Fund your UCPB Securities Settlement Account
Log in to UCPB's Internet Banking Facility and transfer funds from your Funding Account to your USSA the day before you plan to trade.
7. Start Trading!
Log in to your MyStocks Account at www.ucpbsec.com, check your balance and start trading. You can trade up to your buying power*!
*This balance includes stocks you have sold but have not yet cleared / not available in your USSA. This means you can immediately buy stocks using funds that you are expecting to receive from your sold stocks. No more waiting for days for settlement! With this, you will be able to maximize the use of all your funds.
How Can I Withdraw My Funds
The proceeds of the stocks that you sold will be cleared and available in your USSA at the end of the third business day. You may then transfer the funds from your USSA to your Funding Account by logging in to UCPB's Internet Banking Facility. Withdrawals from your Funding Account can be done over the counter or through your ATM (if applicable).
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ABOUT THE BLOGGER
Ralph "Rap" was born and raised in the Philippines. A Financial Literacy Advocate. An I.T. by Profession. An Investor. A Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). A Traveler. An Adventurous. A Mountain Hiker. A Dreamer.
Currently, working my way towards time and financial freedom.