All about CitisecOnline or COL Financial (Part 2)

[kReeSH]

Mga sis pasensya sa noob question ko.. If magopen po ba ako ng col account.. yung 5k ba na pera dun pwede ko iinvest sa MF na kagad at hindi sa stocks?? pwede po ba yung iniisip ko? Salamat po sa sasagot

[iami]

^ ang alam ko pwede yung ganun ..
hehe ..
tinitimbang ko kasi kung ganun gagawin ko din ehh ..
 or kung ako magmamanage ng stocks ko ..
kaya nahingi ako ng advice sa kanila kung ano ang pro and cons ng pagMF sa Col ..

[kReeSH]

Siguro ako MF nalang sis . Pero wala pa ako work ehh pwede ba ako makakuha sis ng TIN# sa BIR punta lang kaya ako?? Nagpaprocess kasi ako ng pre employment requirements ehh hindi nakacheck sa list yung tin# eh gusto ko narin sana kumuha kasi para nga sa pag open ko ng col..

[ikaela]

ask ko lang po ...

ano po ba ang pros and cons pag bumili or di bumili ng MF thru COL ??

nacurious lang ako kasi .. parang masyadong excited ang madla sa MF thru COL na yan..

The COL Fund Source was very much anticipated because they managed to remove sales loads. The one I invest in, which is Philequity, had a sales load before of 3.5%. 35 pesos was deducted from every 1,000 I invest. With the sales load removed in the COL Fund Supermarket, my 1,000 is now invested entirely. Fan-freakin-tastic.

On top of that, the holding periods were reduced from 2 years to just 90 days. The minimum investment and additional top-ups were also reduced.

What I don't know is if Philequity decided on these changes themselves, or if they were pressured to do so because of the threat of losing clients to COL.

Another advantage of investing through the COL Fund Source is you only have to open one single account, then you have pickings from a wide array of funds. No need to separately open accounts with ATR Kim Eng, Philequity, Sun Life, ALFM, and etc.

[leelou]

Siguro ako MF nalang sis . Pero wala pa ako work ehh pwede ba ako makakuha sis ng TIN# sa BIR punta lang kaya ako?? Nagpaprocess kasi ako ng pre employment requirements ehh hindi nakacheck sa list yung tin# eh gusto ko narin sana kumuha kasi para nga sa pag open ko ng col..

yes, you can sis. yung under E.O. 98. don't forget to bring barangay clearance lang. yun ang nakalimutan ko dalhin last March nung nag-apply ako sa BIR Taguig.

[iami]

On top of that, the holding periods were reduced from 2 years to just 90 days. The minimum investment and additional top-ups were also reduced.

ano po ibig sabihin nung holding period ??

and how much po yung minimum investment and additional top ups ?

thank you ..

[ikaela]

^Holding period -- the time when you are charged a set percentage in fees if you withdraw your investment too early. You have to "hold" your money in that investment until after that period of time if you want to be able to withdraw without any charges.

Minimum investment and additional investment varies among funds. But on average, the initial investment is between 5-10k, while the additional is between 1-5k.

[aNgelofThEMorning]

Meron ba sa COL na makikita ko lahat ng dividend na pumasok sa account ko? Hinde ko makita sa portfolio ko...ang hirap tuloiy monitor...thanks in advance

[leelou]

^ sis what I do lang is generate report from the portfolio, click View Monthly Account Ledger (historical). you can see na all transactions by month that include dividend pay outs. then i record it sa Excel file ko para lang ma-account ko how much na total per stock

[aNgelofThEMorning]

thanks sis...

ganun ba talaga ang dividends hinde sabay sabay nagpo-post sa account? sa friend ko kase posted na sa akin wala pa rin...

[j.adore]

May planned downtime ba ngayon? Cannot load COL

[PetiksPinayInvestor]

Sis aNgelofThEMorning,

Yes, hindi po sabay sabay ang bigay ng dividends. Pero merong schedule.

Gaya kanina. Napansin ko na may dumagdag na pera sa aking account pero hindi naman ako nagbenta. So dividends ang naiisip kong reason. I checked my ledgers pero hindi pa updated

so next stop is to find out which company gave out dividends

ang nakuha kong sagot ay CEB. I got the schedule from the PSE Edge site

here's the link: http://edge.pse.com.ph/disclosureData/dividends_and_rights_info_form.do

Nag give out ng dividends ang CEB kahapon, Aug 11

PSE Edge site is public

ang rule pa nga is before anything becomes news, nasa PSE Edge na  dapat, as per PSE

[crzysxycl]

hi sisses! ask ko lang kung pwede at saan makikita sa site yung history ng dividends na pumasok sa account mo. may nareceive kasi ako email about CEB dividends, ang sabi end of day macredit na pero august 12 pa yung email and parang hindi naman nadagdagan yung cash balance ko. tia!

[lg34]

Hi mga sis! Ask ko lang opinyon ninyo between mutual fund ni col financial tsaka uitf ni bpi...
I have extra money kasi to invest. I won't be needing it in more than 10 years. I don't have time to monitor the market so managed fund would work for me.

Torn lang ako kung sa philequity fund ng col ko ilalagay or sa uitf ni bpi. May nabasa kasi ako na hindi raw subject sa tax yung mf.

What do you guys think?

[Ma.Jewel_1987]

Imbes naka-open yung market sa COL bakit naka-halt?

[ikaela]

^^Go with the fund provider you're comfortable with, that's most convenient for you to invest in, and whose user interface is easy for you to navigate. (I'm assuming you're just picking among the same type of fund, i.e. equity)

Investing in COL's fund supermarket is fantastic. You get to pick from a wide range of funds from different companies, plus COL provides you with easy-to-use tables of the funds' performances and general features. The fund portfolio is separate from the stock portfolio, so it's not confusing. COL is also usually people's investing platform, so doing the buy-and-hold strategy is easier for long-term investors. What I mean by that is you can choose not to log-in and look at your portfolio if you really want to buy and forget.

BPI is also good; BPIExpressOnline is miles ahead of its competitors when it comes to making it easy for clients to invest and do regular additional investments. Also, unlike other banks, BPI allows partial redemptions. What I don't like about BPI is that because it's the bank account I use all the time, I also log-in to my accounts all the time. So I see my funds' performance all the time too. Not good if you want to buy-and-forget your investment and hold it for yearsssss. It's easier to forget something if you don't see it.

In addition to that, I don't like BPI funds' historical performance. Mas-kampante pa ako sa BDO and Metrobank.

[lg34]

^ may point ka sis. I'll take those into account. Ty! 
When it comes naman sa charges, alin kaya mas oks?

I checked the philequity dividend yield fund kay col and saw that the mgt fee is 1.5%. Kay bpi high dividend naman e 1.5% din ang trust fee. Yun nga lang, ive read somewhere na hindi subject sa tax yung mf ni col. Does that mean, in the end, mas konti deduction sa earnings kay col as compared kay bpi?

This is going to be long-term investment kasi kaya i want to be sure sana before ko pasukin.

[ikaela]

^Fee-wise, they are the same.

It is not true that mutual funds have a tax advantage over UITFs. In both types, taxes are calculated in the NAV, so the earnings you get when you redeem are already net of taxes.

[Ma.Jewel_1987]

Sis nabreak na yung 7300 

[ikaela]

^Get your cash ready