I know it is difficult to setup and start up a new blog or website especially if you don’t know how and where to start. Take note that I’ll be offering this free blog setup for a limited time since I am also busy building my several blogs.

Maybe you’re thinking why to make a blog? With a blog of your own, you can share your passion and interest with other people even anywhere you are in the world and at the same you can also make money from it. For business people, a blog or website can be used to reach more customers and start your online presence that will result to higher revenue for your business.

Free Blog Setup Terms and Conditions

I am offering this free blog setup with the following details and conditions and only if you are interested to have one like this blog of mine.

1. You don’t need to pay me for this service and I will not collect any fee from you.

2.Your blog will be setup in a self-hosted WorPress blogging/website platform. Self-hosted means your selected domain name will be the URL address that you will see in the Internet browser. This is unlike a free hosting where your domain has a wordpress.com or blogspot.com.

You can see some of my posts to help you learn on how to start a blog for the first time:

Choosing Your Niche

Tips on Buying a Domain Name and Web Hosting

Why Use WordPress for Building a Blog

How to Make Money Online by Blogging

3. After you bought your own domain name and web hosting using HostGator, I’ll set up your blog including necessary plugins and pages that I think your blog needs.

I can also install some themes so that you have choices which one to use. I will also do some helpful tweaks on your blog, improve its SEO capability and things that will give more value to to your site. Please remember that I’m doing only a setup and not to put content on your blog. You should do it on your own.

4. Upon completion of setup, I’ll email you the details of your WordPress log in account (user name and password) after three (3) business days so you can start posting articles and editing your blog. Afterwards, you can change your log in password so you’re the only one who knows how to access your WordPress account.

5. You are the one who needs to register or buy the domain and web hosting for your blog since you need to pay for it using a credit card or PayPal. I strongly recommend to apply for a PayPal account because it will be very useful and safe when you use it for paying online.

It is easy to open an account, if you still don’t have a PayPal, you can sign up here for free.

How to Start the Blog Setup

1. To start the blog setup, you  shall register and buy your domain name and hosting using my recommended web hosting company: HostGator (using my affiliate link). In doing this, I will earn some commission from the purchase.

Take note that I will only do this free blog setup when you buy through my link so make sure to use the link above. Win-win!

2. When you click the link, it will direct you to HostGator homepage, then click the “View Web Hosting Plan.” I suggests you choose just the “Hatchling Plan” with at least one or two-year period since it is much cheaper than the monthly plan. Then, click the “Order Now” button after selecting the hosting plan you want.

3. After that, you will go to a page where you will register the domain name that you want. You can see the sample page below. This step will tell you whether the domain is still available or not. Always choose the .com domain first, then .net or .org when it is not available anymore.

4. In the next page, you will be required to input your name, contact details and business address. Here, you will confirm your hosting package information, create a user account, input your billing information and review the order details.

5. When you are sure that the information you enter are correct, click the “Create Account” found in the bottom of the page.

6. After completing the purchased, HostGator will send you the details of your account including the cPanel log in username and password. You should send this information to me by filling out the information below so I could access your cPanel account to start the setup. You can change the password later.

7. Sit back and relax! I’ll inform you via email when I finished the setup after three (3) business days. If you have other questions, just leave your comment below. Thank you!

Disclosure: Some of the links in this post may be affiliate links. If you click on the link and purchase the item, we will receive an affiliate commission. In addition, we only recommend products and services we use personally and/or believe will add value to visitors and readers. 

What to Read Next?

1. Learn Online Stock Trading for Free
2. Tips on Buying a Domain Name and Web Hosting
3. Why Use WordPress for Building a Blog

Compared with time deposits and savings account, there is a higher profit that you can get from UITF. Depending on which type of UITF, your profit or return on investments will greatly vary. If you would like to learn more about the benefits and advantages of investing in UITF, you should continue reading because I’ll list it all here in this post.

1. Low Capital Investment

Investing in UITF requires a low capital investment of minimum P5,000. However, it depends on the investor how much he will invest but the initial deposit should be at least P5,000. In my opinion, this amount is not big especially if you have a regular job and it can be easily raised once you are serious in investing.

The capital investment in stocks is around P25,000 which is much higher than UITF. However, lately, online stock brokerage companies like CitisecOnline and Philstocks have lowered their initial opening deposit for new account at P5,000. But I would still recommend for you to invest a bigger amount, you should do it to buy more shares.

2. Liquidity

Some people and investors might be concerned on how to liquidate their UITF investments. I think there would be no problem with this one because it is one of the most liquid investments. Though, you may need to wait for 3-5 days before you could actually get your investment deposited in your bank account. There are some factors that will affect the liquidation of UITF, one would be is the status of your redemption. There should be no problem with your account and the redemption form you passed.

3. Accessibility

Since UITF is offered by most of the biggest banks in the Philippines, it can be obtained by almost all people because they only need to visit a bank to be able to open an account. However, there are only small percentage of Filipinos who know this type of investment but hopefully more and more individuals will consider this one in the near future.

In addition, there are many banks now compared in the past ten years so accessibility in investing in UITF will not be a big problem for people who wants to try this kind of investment.

4. Diversification

In investing, diversification is very important and many financial planners would advise to invest your money in various ways since most of these investments have no guarantee of capital. UITF invests the funds in different forms like stocks, bonds, treasury bills, debt securities, high-yield savings account, and other fixed-income instruments.

The purpose of diversification is to minimize the risk of losing money from a single investment. For example, if you invest all of your money in stocks and a global economic crisis happened again, there is a higher chance that the value of stocks will fall and so the amount of your investment.

5. Professional Management

UITF is managed by professional managers and investors who study and research where and how to invest the funds according to its goals. It is not like gambling which depends on luck. Many of these managers have long years of experience and very competent in the world f investing so you will be assured that your money is not bet on lottery.

6. Security

As one form of legitimate investment in the Philippines, UITF provides security on the investors by selecting the right investment strategies. This task is done by the fund managers. You will be assured that the money you invested will not fall into scams or frauds.

As a way to protect investors, Bangko Sentral ng Pilipinas (BSP) supervises and regulates all UITF companies in the country to make sure that all of them follow the investing guidelines set by the central bank.

7. Higher Returns

The performance and returns of UITF depends on its type. Normally, equity fund gives the highest return among all the funds but the riskiest since it is invested in the stock market. Money market fund has the lowest return in most of the companies offering this type of investment.

Compared with savings account and time deposits, it is far better to put some of your money in UITF to diversify your investment. Some part will go to savings, some will go to investments. If you want higher returns, then investing in UITF will be one of the good options.

Image Credit: dream designs

What to Read Next?

1. What is UITF
2. How to Invest in UITF
3. Investing in Stocks is one way to Help the Philippines

Some readers of this blog are commenting and asking me to give them a sample computation on how to calculate the profits gained from investing in MF. In this regard, I would like to show you a sample calculation in this post.

Before studying the calculation below, you should first learn some basic terms in mutual funds. You should know what is NAVPS, sales load, redemption fee, and other important words related to investing. Take note that this computation is applicable only for mutual funds with zero redemption fee.

Most of the investment companies have zero redemption fee after six months of mutual fund investment has elapsed. When you redeem your funds earlier than 6 months, there is a corresponding redemption fee that you need to pay which will be deducted from your fund receivables.

How to Compute Profit Gain from Mutual Fund Investments

In order to start with the computation, we should have some data that we can use. Take note that these data are just assumption and some will be coming from the latest information posted in First Metro Asset Management, Inc. (FAMI) website. For example, you invested P20,000 in FAMI equity fund in May 2011 with the following information about your investment:

Amount of Money Used for Investment (A): P20,000
NAVPS when MF was Bought (B): P3.2489 per share
Sales load (S): 2% of (A) = 0.02*20,000 = 400 = P400
Total Amount of Money to buy MF (T): 20,000-400 = P19,600

Number of Shares that You can Bought: T/B = 19,600/3.2489 = 6,032 shares

From the data above, you can see that the total number of shares you bought from the P20,000 investment is 6,032 shares of equity MF. To compute your profit gain, you should know the latest NAVPS of the fund. In case of FAMI equity fund, the NAVPS on January 27, 2012 is 3.9279.

Profit Gain = 6,032*(3.9279-3.2489) = 6,032*0.679 = P4,095.73

Profit Gain = 4,095.73

Deducting the sales load from profit gain will give you the real net profit: 4,095.73 – 400 = 3,695.73

Net Amount of Money in MF = 6,032*3.9279 = P23,693.08

= 20,000 + 3,695.73 = P23,695.73

The difference between the two numbers is due to rounding up of numbers but basically they should be the same.Your total profit gain in investing in equity FAMI mutual fund is 4,095.73 based on the computation above. However, if you subtract the sales load from the profit gain, you only actually earn P3,693.08. In addition, the net amount of your money in MF is P23,693.08.

Disclaimer

 The calculation above is for information purposes only. It is not meant to give you investing advice but encourages you to invest in mutual fund at your own risk. Your own decision should prevail if you want to invest in mutual funds. The return or profit is not  guaranteed by the investment company. In addition, I have no working relationship with FAMI nor compensated to use their company in this post.

What to Read Next?

1. How to Compute Profit from Time Deposit
2. How to Pick the Best Mutual Fund
3. Common Terms in Mutual Fund Investing

UITF works much the same as mutual funds. I think the only difference between the two is the company that manages the fund. In case of mutual fund, an investment company supervised by Securities and Exchange Commission (SEC) handles and manages all the transactions of the fund. On the other hand, in case of UITF, bank normally the one manages it.

Before opening an account in your chosen bank, there are some tips and information that you should know to give you a better understanding on how to pick the right fund for your investment goals. One detail that you should know prior investing in UITF is which type can satisfy your objectives and needs. In the following section, you will learn the several types of UITF giving you detail facts about each fund. Basically, the funds are categorized based on where the fund is invested.

1. Money Market Fund

In this type of UITF, the fund is primarily invested in short-term, fixed-income securities with an average investing period of one year or less. The return or profit gain of money market fund is relatively higher than time deposits and savings account.

Normally, the goal of this kind of fund is for capital preservation and income generation in short term period. Money market UITF is best suited for moderate investors, meaning it is for people who are moderately aggressive and wants an average risk investment.

2. Bond Fund

Bond fund is a kind of UITF with the goal of capital preservation and income generation over the medium term by investing in fixed income securities with duration of more than one year. Compared with money market fund, it gives higher returns but has higher volatility.

Bond funds are designed for investors who want a moderate risk investment and who have a investment time duration of three years. Bond funds can be invested in government or treasury bonds, corporate, mortgage and municipal bonds.

3. Balanced Fund

As the name of the fund implies, a balanced UITF is mainly invested in stocks and bonds or fixed-income securities like Treasury bills and high yield savings account with almost the same percentage. The aim of balanced fund is to give additional profit from stock investment gains and provide capital appreciation from fixed-income investments.

This type of fund is best suited for investors who want to gain profits from stocks and at the same time wants to invest in fixed-income and lower risk investments. That’s why it is called balanced.

4. Equity Fund

Equity fund is primarily invested in stock market. The fund manager decides which stocks to choose and invest in depending on his or her research and study. Among the types of UITF, this fund has the highest risk and volatility and best suited for aggressive investors. Therefore, it is important to invest in longer periods to lessen the risk.

If you want to invest in equity UITF, you have to remember that there is a greater chance of losing your money since the fund is wholly invested in stock market. There is no guarantee of capital in investing in UITF unlike savings account and time deposits. However, you don’t have to worry about your capital since these funds are manage and supervise by professional investors and reputed banks.

UITF is also regulated and oversee by the Bangko Sentral ng Pilipinas (BSP) so if you invest in a legitimate bank offering UITF, you are rest assured that you will not fall into scams and frauds. However, like what I said before, the returns and profits are not guaranteed by either the bank or BSP since it is not a deposit account. In addition, the past performance of the fund is not also a guarantee of future profit but it will give you a good information on how the fund performed during the economic crises in the past.

What to Read Next?

1. List of Mutual Funds to Buy
2. List of Top Mutual Funds in the Philippines
3. What is UITF

If you are considering to blog your passion or the things that interest you the most, I would recommend to start it now. It will give you more fulfillment and gives you the chance to help other people through the experiences you encountered.

As a newbie blogger, some people find it hard to choose how to start and what things to consider before starting their blogging adventure. In my experience, I could say that the first important thing to consider before making your blog is to select the best blogging platform or software that you should use.

In my opinion, WordPress is the best blogging platform that you can choose today. It is used by millions of blogs operating online today. I have several blogs that I’m building so far that use WordPress as the platform because of several reasons that I find very useful and beneficial not only for me but also for the readers and users of the blogs that I made.

To give you some benefits and advantages of WordPress than any other blogging platform like Blogger and TypePad, I listed below some of its benefits to give you the ideas why you should use it for making and building your own blog.

1. WordPress is Easy to Set Up

One of the great benefits of choosing WordPress as a blogging platform than any other platforms is the ease of setting up when first starting the blog or website your building. Perhaps you already know that in order to make a blog, you should have first a domain name and web hosting. If you already don’t have these things, you can get the cheapest domain and hosting package here.

Before buying your own domain name and hosting plan, you should choose a name that is related to your blog and topic. As much as possible, it should be short, easy to remember and contains no special symbols and characters. Just check out this post to help you how to make a domain name and select the right web hosting: Tips on Buying a Domain Name and Web Hosting. If you choose JustHost as your web hosting, you can get a free domain forever as long as you stay your hosting with them.

After buying your domain and hosting, you can begin setting it up in WordPress blogging platform. You can see the tutorial video here to help you understand more how to start from scratch. You will find that it is easy to set up without requiring technical knowledge in computer. It is one reason why I like Worpress because you don’t need to be a tech savvy or computer programmer to be able to use it.

2. It has Many Plug ins

WordPress is created for users without thorough knowledge on website and blog creation. Actually, even without computer programming training, you can build a blog without difficulty using its platform. There are many plug ins that you can use to arrange and set up your blog that you cannot do with other platforms. I think it is one of the best features of WordPress since it really helps a lot for newbie blogger.

WordPress Plug ins are special applications that you can put in your blog without creating HTML or computer programs. To be able to use these plug ins, you need to download it to your WordPress account and then activate it. Most of the time you should edit some setting of the plug ins to be able to conform to what you want.

The most common WordPress Plug ins I’m using to all of my blogs are Google XML Sitemaps, All-in-One SEO Pack, Dagon Design Sitemap Generator, Disqus Comment System, Dynamic To Top, Online Backup for WordPress, Quick Adsense, Yet Another Related Posts Plugin, Broken Link Checker, Shareaholic, and Contact Form 7.  In the future, I’ll be discussing these plug ins more deeply and more detail.

3. WordPress is SEO Friendly

Search engine optimization or SEO is very important for building blogs and websites because through it you can get a constant and increasing traffic for your blog. Without SEO, your blog will not grow and get visitors from search engines like Google, Bing and Yahoo.

If you use WordPress, your SEO efforts will be easier because it was made by developers to be SEO-friendly. There are lots of plug ins you can install to your WordPress blog to help you to make your search engine optimization campaigns will be better and more effective. One plug ins that I’m using for optimization is the All-in-One SEO Pack by Michael Torbert.

Another one feature of WordPress why it is SEO- friendly is the permalink. It is the link that you are seeing in the URL address whenever you visit a blog post or article. By making the permalink and title of the blog post the same, search engines give more favor to rank that post than other posts with dissimilar title and links.

4. It can be monetized easily

Monetization is one part of building a successful blog you don’t like to earn money from your blog. Some blogs exist because it is for non-profit or for hobby only by the blogger. If you’re blog is set up in WordPress, monetization is very easy to carry out because there are many plug ins that you can use to do this.

The most common plug ins for monetization for blogs are the ones that is used for Google Adsense, Infolinks, Chitika, Amazon Affiliates, ClickBank and many more. I’m using Quick Adsense to monetize this blog and the other blogs I’m building. By using WordPress, monetization is not a problem and it is very easy to place it in your blog.

5. WordPress is easy to use for blogging

Making a post using WordPress is simple and convenient to do because the platform can be easily learned by even a newbie. The overall look and appearance of writing section is clean and not complicated to be learned by a new blogger. Unlike other blogging platforms, WordPress is constantly revise and updated by many contributors and programmers to suit the changing needs of bloggers like you and me.

As a final remarks, I would like you to make the right decision in selecting the best blogging platform in the world because once you started with other platforms, it will be difficult again to study another one. Thus, it is very advisable to start off with WordPress if you want to be serious in blogging in the long run.

Disclosure: Some of the links in this article are affiliate links. Whenever you use that link and buy the product, I will earn some commission.

What to Read Next?

1. How to Make Money Online by Blogging
2. Two Ways to Make Money Online
3. How to Edit and Install Robots.txt on your Blog

Debt is an obligation that should be settled by the debtor to creditor. Some people say debt can be good or bad depending on its purpose but at the end it is still debt that needs to be paid. You should not forget what you owed especially if the creditor is a friend, relative or a co-worker because it can ruin a relationship. It is one reason I think some people don’t lend money to their relatives to avoid the conflict at the end.

One best example of debt that should be paid as much as possible is credit card debt. These days there are many people using credit cards and it will continue to increase in the years to come. As a result, there is also increasing number of credit card holder who cannot pay their card bill because of numerous reasons. Lack of discipline and self-control are the factors that can result to a huge credit card debt. In my previous post, I mentioned there to avoid applying for a credit card if you are an impulse buyer because it can result to a big problem in the future.

I’m not against in using credit cards because it is really created for a good purpose. The only problem is card holders tend to abuse its usage and real purpose. I have one credit card, a Samsung Bonus Point Card, which earns a bonus point when I use it in partner establishments. When I was working in the Philippines before, I don’t have any credit card. I only use cash and debit card at that time because I’m afraid to default in paying the bills.

If you are in the situation right now of too much debt because of credit card and other debts that you borrowed in the past, you should follow some of the tips I will discuss below. I hope it will give you some ideas on how to pay your debt faster.

1. Stop using credit card

One of the easiest ways to get a debt is by using your credit card. In order to pay debt faster, you must cancel or stop using your credit card if you owe a big amount of debt. You can call your card company telling them you want to cancel your credit card so that you will not be charged for annual fee and other charges.

At first it will be hard for you to adjust since you have been programmed to use credit card as regular as possible but you should learn to discipline and control yourself so that you can pay your debt faster. The other alternatives that you can use aside from credit card are debit card and cash in paying your purchases.

2. Pay first the debt with small balance

The idea of paying debt with smaller balance is to give you encouragement that you make progress after finishing the payment for that debt. Some people called this the “snowball method” because as you finish paying debt with smaller balance, your capacity to pay for a bigger balance will be more possible.

To explain more, for example, you have $500 credit card debt and you have a salary loan of $200. The strategy of snowball method is to pay or prioritize the payment of your $200-loan while paying the minimum payment for your credit card debt. After you finished paying the salary loan, you must add the money that you used to pay from that loan to the money that you will use for the payment of credit card bill.

3. Plan your spending

If you carefully plan your spending, you can avoid getting a big amount of debt. Most of the time uncontrolled spending leads to more credit card debt as a result of impulse buying. Once you have a plan and you will stick to it strictly, you will have a bigger chance to incurring debt from your purchases.

You may set a maximum limit on your spending month so you have a figure that you can work on. Make it realistic and achievable depending on your current situation. It will be better if you can list all your expenses in a spreadsheet so you have record of what you purchased.

In my family’s case, we use spreadsheet in Google Docs to record our monthly spending so that my wife and I know where does our money goes for each month. It gives us clear picture on which expenses we spend money the most.

4. Increase your income

Increasing your income is another factor in paying debt faster because you have more money that you can use in paying your debt. There are many ways on how to increase your income. You can do overtime if your company and your job permits it, do part-time jobs, sell someting in eBay, make money online and a lot more.

One thing I would like to emphasize is that you should keep your expenses as minimum as possible as you increases your income. It will give you no good and will not help you to pay your debt faster if you increase your spending as you also increase your income.

What to Read Next?

1. Knowing the Debt of Philippines
2. How to Get Out of Debt
3. How To Pay Credit Card Debt

The following article is a guest post from Suzan Bekiroglu about credit report. If you want to write a guest post in this blog, you can send me an email here.

Taking care of your credit, protecting your credit scores and trying to maintain a good credit history has always been important. Now, however, there is a whole new list of things to worry about in regards to your credit history, and the new list is much more personal.

FICO, Fair Issac Corp, scores are a standard way of determining the credit-worthiness of a potential borrower. Now FICO is developing a new set of standards using more personalized information in order to achieve that determination.

FICO and CoreLogic, a data provider, are currently developing a tool that will incorporate child support payments, evictions, payday loans, standing on utility bills, cell phone payments and rent when analyzing the risk of a borrower. Currently, the big three credit reporting agencies, TransUnion, Experian and Equifax, are offering lenders the option to find out the estimated income of the consumer.

Before the housing bubble burst, borrowers were targeted and offered approval on mortgages regardless if the borrowed seemed to present a risk or not. This allowed individuals to obtain mortgages they really could not afford and pretty soon, the bubble burst. Since then, loan requirements have become increasingly stringent as banks work to recover the losses and try to protect themselves from it happening again.

Before the FICO-CoreLogic partnership, your score would have included information like payment history, amount of debt owed, length of credit history, any new or recently opened accounts or line of credit and types of credit card and amount of credit card debt.

It is still essential to manage your credit card debt, but the new inclusion of more personal information may be helpful for those who choose to not have any type of credit card or those that have little credit history. Your history of payments is still one of the criteria in determining credit worthiness that carries the most weight. If you do have credit cards, it is vital to your credit score to stay on top of your monthly balance and staying within the acceptable credit card balance without going over the limit.

As credit reporting agencies increase the amount of data into a credit report, there is greater chance for black marks and negative entries to affect your credit worthiness. These additions are being touted as a great way to look at the bigger picture of an individual loaner, but it does make one wonder where the line will be drawn when data mining into an individual’s life.

With CoreLogic’s new data assessment, improving credit scores may become more difficult. CoreLogic combines tax information, credit scores, credit card debt, payday loan information, eviction reports, criminal background records, motor vehicle information, legal data, property tax liens and even payment history for cell phone bills and utilities.

Having a good credit score opens the door to loans with lower interest rates. Lowered interest rates will end up costing the borrower less money on the final purchase than higher rates and require smaller monthly payments than high-interest rate loans, which all translates into more money in the customer’s pocket.

What to Read Next?

1. Is Credit Card Good or Bad to Your Finances?
2. How to Apply for a Credit Card
3. Top Credit Cards in the Philippines

By the way, how do you determine if a person is rich or not? The best indicator of wealth of a person is by determining his or her net worth. It is the sum of all the person’s properties, investments and all the things that he acquires with equivalent financial aspect. The net worth can be in the form of cash, stocks, mutual fund, businesses owned, properties and all things that has financial value.

When I was a kid, I’m fascinated and wondered how people become rich. Maybe it is easier for me to understand that question if I belongs to a wealthy family. Basically, people become rich in their lifetime in two ways: self-made and inheritance.

Self-made are those rich people who accumulate wealth by building their businesses and make it grow for a long time. Meaning, they got their wealth through their hard work and good investment strategies. The best example of self-made rich person is Warren Buffet who became billionaire through his great investing techniques.

On the other hand, some people become rich through inheritance. They have been very blessed to be born in a wealthy family so their parents just give them their share of family’s wealth. One best example for this type of people is the Walton family who owns Wal-Mart, the largest supermarket in the US.

Top 40 Richest Persons in the Philippines for 2011

Back again in the Philippines, maybe you’re wondering who are the richest people in our country today. I think you already heard their names or maybe familiar with them since they have been featured in TV programs, magazines and Internet sites. The list below shows the richest persons in the Philippines as of 2011 according to Forbes. The ranking is based on their calculated net worth as of March 2011. 

From the list above, you can see that Edgar Sia II, the man behind Mang Inasal, is the youngest among the top 40 richest persons in the Philippines. In addition, Manny Villar is the only politician included in the list. All other people are business owners and founders of their own company.

Reference: Forbes

What to Read Next?

1. My Thoughts on Fighting Poverty in the Philippines
2. 11 Reasons I am Thankful for 2011

The number of people engaging in stock investing has been increasing in the previous years primarily because of increasing number of companies offering online stock brokerage. Compared in the past, opening an online stock account these days are easier and more convenient since you can do it online. I wish more and more Filipinos will consider investing in Philippine stocks in the years to come because it is one ways to help the Philippine economy.

Before the introduction of online stock brokerage, investors use traditional broker wherein they need to call  when buying or selling of stocks. This method is somewhat time consuming and create hassles for the investor unlike what online stock account is offering.

Features and Benefits of Philstocks

I encountered Philstocks two years ago when I’m researching for other alternatives to CitisecOnline and BPITrade. Actually, I attempted to open first a BPI Trade stock account but surprisingly, the BPI bank employee that supposed to assist me didn’t know what is BPI Trade so I end up opening an account at CitisecOnline.

I didn’t choose Philstocks at that time because I cannot find the requirements and procedures on how to open an account on their website. Their site didn’t impress me and lacking valuable information about the company and features of the online stock account. However, when I checked again their site lately, it is better and there lots of data that you can get.

One good thing I noticed about the change is they are offering a 7-day free trial for their online stock trading platform for those people who want to know and experience how to use their software. If you are looking and studying which broker to choose, maybe you can try first their free trial to give you an experience on how it looks like.

Philstocks Live is the online stock trading platform that provides it clients with the best tools for making stock trading easy and convenient for the user. It has a real-time data streaming coming from PSE with anytime order posting. It has also 24×7 customer service that helps and assists customers of any problems they may have.

Accessing your stock account is also easy since you can do it anywhere and anytime as long as you have Internet connection. You may also buy or sell stocks using smart phones and tablets and study the latest market research through your account.

How to Open a Philstocks Account

There are two possible methods to open an account at Philstocks: online application and over-the-counter (OTC) registration. In order to apply an account online, you must do the following procedures.

1. Visit www.philstocks.ph, find and click the Register Now button located on the right hand side of the home page and completely fill-out the online registration form. Open the email that will be sent to you by Philstocks and click on the verification link. After that, they will send a link of Customer Account Information Form (CAIF) and signature cards.

2. Download and print the CAIF and signature cards. You should fill-out the CAIF and sign the signature cards. After completing the forms, you must submit the CAIF and signature cards together with 2 Primary IDs or 1 Primary ID and 2 Secondary IDs through registered mail.

Primary IDs can be a Passport, SSS ID, TIN ID, PRC ID and Driver’s license. For secondary IDs, it can be a Senior citizen card, Credit card, ATM card, Company ID , Student ID , Club Membership Cards with photo and signature , Foreign driver’s license (for Foreigners), and Alien Certificate of Registration – ACR (for Foreigners).

Another way to open an account at Philstocks is by visiting their main office or any of their branches for over-the-counter application.

1. When opening an account via walk-in, you must bring all the requirements (CAIF, signature cards and valid identifications) to their main office or the branch nearest you. Its main office is located at G/F, East Tower, Philippine Stock Exchange Centre, Pasig City. You could also visit their Binondo branch at G/F MBTC Downtown Center, Tytana Plaza, Lorenzo Ruiz, Binondo, Manila.

Minimum Deposit Required to Open a Philstocks Account

The minimum investment required to open an account is Php 5,000 which you should deposit in cash or over-the-counter at Accord Capital Equities Corporation main office or branch during or after submission of forms and requirements. This initial investment is mandatory in order to open an account.

You can make your initial investment in cash or check OTC at ACEC main or branch office. If you are located far from Manila or outside the Philippines, you can deposit your initial investment as cash or check to any BDO branch nationwide. Check deposit should be cleared first before it will added to your stock balance account.

What to Read Next?

1. How to Open a Citiseconline Stock Trading Account
2. Learn Online Stock Trading for Free
3. How to Open a BPI Trade Stock Account

“Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver. “- 2 Corinthians 9:7 NIV 1984

In this post, I want to tell you that we can give something to other people in many ways and form. From the Bible verse above, one of the best ways to give is to have a cheerful heart. It means giving with happiness without regret. You do not give out of obligation or you are forced just to do so because maybe of pressure from other people.

Another ingredient of cheerful giving is that you planned or you have decided what you will give. It is not just accident that you will give because most of the time it is due to pressure that’s why you will give. If you will give with cheerfulness, you will obey God’s word and you will be assured that God loves you.

In the future, I will post more topics related to money and finance and what the Bible is telling about it. I hope that this post can give you some insights about giving with happiness. How about you, do you give with a cheerful heart? On the other hand, you can start to give now if you still not doing it yet.

You can give your time, money, skills or other resources you have so other people can be helped and empowered. Start giving now, start with your family and relatives. You will be happier and fulfilled if you do so.

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