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Sunday, June 5, 2011

Citiseconline EIP: How To Open An Online Brokerage Account & Start in Philippines Stock Market Investments


Citiseconline EIP: How To Open An   Online Brokerage Account   & Start in Philippines Stock Market Investments

Citiseconline EIP
As a member of Truly Rich Club of Bo Sanchez. I decided to copy and post it here in my blog most question asking by its member to him about on how to open an online brokerage account particularly in Citiseconline company and use the Citiseconline EIP (Easy Investment Program).

Maybe you are asking the same question. So I hope it can help a lot also to you. Continue reading below from Bo Sanchez.

Truly Rich Club
A lot of new TrulyRichClub members ask me, "But I don't know what to do! How will I start investing in the Stock Market? How will I open an Citiseconline EIP online brokerage account? I'm at a loss…"
So I ask them, "Did you read my e-Book, My Maid Invests In The Stock Market… And Why You Should Too?" (you can get the copy of this e-book at my recommended e-books pages)

"Yes," they say, "that's why I became a member of the TrulyRichClub."
I tell them, "Read it again. Because it's all there. All the instructions. The step-by-step process is all written down."

"It's there?" they ask. 

"Read it again. As a member of the TrulyRichClub, I sent you the expanded version of that e-Book. In that little e-Book, I explain the step-by-step procedure how to open an Citiseconline EIP online brokerage account… 

So that you won't miss it, and to make things easier for you, I'm sending you this short letter, explaining the 4-Step Process (see below). 

Be patient. Like starting anything new, everything will look foreign to you. But as the months go by, you'll be very good in this. You'll know what to do and you'll even teach others what to do. 

Go now and create your very own retirement fund!
 
May your dreams come true,
Bo Sanchez

4-Step Application Process

  1. Go to Citiseconline EIP website type in this www.citiseconline.com and click on "Open An Account:
    • Download and print these documents:
      • Application Form
      • Trading Agreement
      • Signature Cards
  2. Fill-Out Application Form Downloaded from Citiseconline website & Prepare Other Documents
    In the Application Form, be the "Primary Account Holder". Let your parent, spouse, or child be your "Secondary Account Holder".
    • Prepare ANY two (2) of the following:
      • Passport
      • Driver's License
      • Birth Certificate
      • SSS ID (1999 credit card type only)
      • Company ID with photo (if employed by top 2500 corporations)
      • Major credit card with photo
      • Senior citizen's ID
    • Prepare latest copy of ANY one of these in your or spouse's name:
      • Current utility bills (electric, water, cellphone, phone)
      • Credit card statements
      • Club membership bills
      • Bank statements
    • NOTE: For non-resident Filipinos, get a copy of one's proof of income certified by employer and all documents must be authenticated by the Philippine Embassy or Consulate.
    • NOTE: For non-Filipinos living in the Philippines, include a photocopy of current visa, alien certificate of registration (ACR) and proof of government permission to engage in business/employment; validity of work permit must be at least one year from its date of issue. 
  3. Give Documents to Citiseconline 
    • I strongly suggest you visit their office and give your documents personally—so you can ask all the questions you want on how to operate the citiseconline EIP website.

      Here's their address:

      Citiseconline.com Inc. Business Center 2403-B East Tower, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Philippines 1605

      But if you don't live in Manila, you can mail the documents to their office.

      And then call them up:
      Tel. (632) 6-333-777
      You can also email them for any other questions. loj@citiseconline.com
  4. Fund Your Account on Citiseconline
    • If you're opening a regular account, the minimum amount to invest is P25,000. Note: This is the money you'll buy Stocks with. But if you're opening an  Citiseconline EIP or Citiseconline Easy Investment Program, the minimum amount to invest is P5,000 only.
    • Option #1: Visit The Office
      • If you can drop by the office to submit your documents, you can bring with you a check payable to Citiseconline.com Inc. Note that check payments will need three (3) days clearing period.
    • Option #2: Deposit in the Bank
      • Citiseconline.com has accounts in BDO, Metrobank, and BPI.
      • Note: If you do online banking, it'll be much easier for you.
      • Note: After depositing, fax the deposit slip (or scan/email) to the Citiseconline office.
    • All the information to do all these is found in www.Citiseconline.com. Just click on "Open An Account".

What's Next? It's Time To Buy Your First Stocks using Citiseconline EIP Brokerage Account

Once you open an account in Citiseconline, you'll receive an email from them, indicating your username and password.

So go back to www.Citiseconline.com and the first thing you do is change your password. Simply click on "Change Password" under the "Home" tab.
Finished?
The next thing to do is buy your first stocks using Citiseconline EIP (Easy Investment Program).
The first of many!
If you have my Stocks Update Report, you can choose from my Recommended List.
Remember, you can only buy or sell stocks from 9:30am to 12:00pm, from Monday to Friday. That's when the Philippine Stock Market is open.
Here are the Steps:
  • Step 1: Click on "Trade/Portfolio" Tab
  • Step 2: Click an "Enter Order"
  • Step 3: Type in the "Stock Code" of the company you want to buy.
    • Example: Metrobank is MBT; Banco de Oro is BDO; Jollibee is JFC; and Ayala Land is ALI; etc. The List of Stock Codes is a click away.
  • Step 4: Type in the number of shares you want to buy.
    • Imagine you're investing P5000 and you're buying Ayala Land (ALI).
      Let's say ALI's current price is P18 a share
      So divide P5000 by P18, and you get 277 shares.
      But all these companies peg a "Board Lot". You'll find the Board Lot of ALI at the lower right hand corner of the webpage.
      ALI's Board Lot is 100. So the most you can buy is 200 shares.
  • Step 5: Type in the price of the stock.
    • I suggest you look at the highest amount at the "Ask" column and type that peso figure in. So that your order gets done fast. Because you're a medium-term or long-term investor, the cents won't matter much to you.
  • Step 6: Click "Preview Order"
    • It'll bring you to a page where you'll review your order.

      Enter your password again, click "Place Order" and that's it.
      Do a twist, eat some ice cream, and say "Thank You, Lord."
      Because you've just bought your first stocks!

Check Your Stock Portfolio

You now have a Stock Portfolio.
No, that's not a leather briefcase.
Where will you see it?
Click the "Trade/Portfolio" tab.
And then click the "Portfolio" and see if your order is there.
If the order was already made, you'll find it in your portfolio.
Sometimes, you have to wait for awhile.
After a few minutes, click on "Portfolio" again.

Note: If you see that you're losing money, disregard.
You're in this for the long haul!


By the way if you want the copy of "My Maid Invests In The Stock Market… And Why You Should Too?" by Bo Sanchez. Click Here to get your copy.

In the email I received from Bo, he indicated that this link would only be available for a limited period of time.  And in order to get the latest copy. He's encouraging you to join his club called TrulyRichClub.  If you join the club, as indicated in his e-book. He'll also send reminders every month so that you can be guided on which companies to invest your money in. 

If the link, no longer works, you can leave a message below with your email address and I'll be happy to forward and send it to you the copy of his e-book.


Next to read...
How will I know if the website is secure or not for transactions?



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