Today, I am ecstatic to share with you guys my first experience of buying my first stock. I have been waiting for this day since I submitted my application forms to COL Financial last month. They emailed me to confirm my account and to deposit an amount with a minimum of 5,000 PHP to activate it and to start investing.
So today that I got my username and password with a fully active account, I also bought one stock.
Don’t get intimidated when first logging in to the homepage of COL Financial. You will see a lot of numbers, decimal points, and percentage symbols. I got lost a couple of times as to where I should click to buy and sell stocks. I guess the first times are always tough.
Finally, I found the right page and then the decision making of what to buy put me to a full stop again. Every minute, the value of each stock changes quickly. I got confused but then I chose one stock which is AC or Ayala Corporation.
AC is considered a giant company and will surely be around after 5 to 10 years. My goal for investing in the stock market is for long-term so I have to make sure I choose the big companies or corporations.
I bought 10 shares because that’s what I can only afford on my budget.
I checked it again after the market was closed for the day and found that I lost 96.48 PHP. It was my first red apparently but it doesn’t bother me at all. I am sure I will find more reds but hopefully more greens as well in my investment in the stock market.
I plan to open my account only once or twice a month because I know that I will be affected when I see my stocks going down. So to save myself from worry, I will only access the page when necessary.
Apart from it, I will be saving up for next month so I can buy another stock. It’s advisable to buy 5 to 6 stocks for diversification.
That’s it, guys! I am now a proud stock investor. Hopefully, I inspire you to do the same. I will give an update about my stocks again after 2 months to see how it is doing. So, keep posted.
You can also read How To Open a FAMI Mutual Fund Abroad.
Have you invested in the stock market?
How was your first buying experience like?
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That’s wonderful and I am happy that more and more Filipinos now are learning to invest. I have the same feeling when I bought my first stocks back in 2015. Every time I WANT something I always think to just use to buy more shares instead. Happy investing and keep it up!
I have just started with my investment this year. I know there are not a lot of Filipinos into investment and saving so it’s one of my goals for this blog to share my experiences and hopefully to motivate them to do the same. Thanks for visiting my blog by the way =).
Hello Ira! Would you mind if I ask update about it? Have you earned decent amount so far? I’m planning to open an account soon. Cheers!
Hi Ma. Claudine,
I talked about my updated investments including my investment in the Philippines Stock Market in my most recent post.
Here’s the link if you want to read it, https://iraonherdreams.com/stock-market-mutual-fund-cryptocurrency/
I’m happy to know that you’ll also be investing soon. It’s actually the best time to open because the stocks are down.
Keep me updated on your investment too!=) Goodluck!