Did you know that you can start investing in the stock market with just P5,000? Yap you heard it right! Investing in the stock market is never easy like today where you can open an account with just P5,000 and then you can monitor your investment online.
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You don’t need to have a personal broker like the old days. On this short article, we will talk about how you can start investing in the stock market with your 5k.
COL Financial is my stock broker presently and I’m enjoying their system. Not just the system but also the convenience of how they processed the application and funding or even withdrawal of money from your account.
If you’re thinking to start investing in the stock market, I strongly suggest COL financial. As mentioned, you can open an account with just P5,000 with very smooth process. Here are the steps.
How to start investing in the stock market with just P5,000
1. Choose your account type
COL Financial has 3 types of accounts namely: COL starter, COL plus and COL premium. To give you more information, I’m sharing the image taken from COL’s website.
With COL starter, you can open an account with just P5,000. Once you opened the account and submitted the requirements, you can now start investing in the stock market.
You can do peso cost averaging, meaning you’re going to invest fixed amount of money over long period of time. You can even join their EIP Program and start investing in the stock market automatically.
You can check my previous article entitled, how to invest in the Philippine stock market automatically.
2. Download and fill up the forms
Once you’re decided on what type of account you want to open (COL starter in this case), you can now download the forms and start filling up the details. You can visit official COL website or download the forms here.
3. Prepare additional requirements
Aside from the application forms, you also need to have the following supporting requirements when opening an account with COL financial.
FILIPINO CITIZENS
- Photocopy of one (1) valid government issued ID
- Photo and signature must be clear
- Billing Statement – Recent, no later than 3 months past
RESIDENT FOREIGN CITIZENS
- Photocopy of one (1) valid government issued ID
- Photo and signature must be clear
- Alien Certificate of Registration (ACR) or Work Permit from DOLE
- Billing Statement – Recent, no later than 3 months past
For the complete list of requirements, please visit their official website here.
4. Submit the requirements
After completing all the application forms and other required documents, you can now submit the papers to the office of COL. Here’s their office address:
COL BUSINESS CENTER
2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center,
Pasig City, Philippines 1605
I strongly suggest to personally bring your documents to their office to avoid delay and hustle. Additionally, you can see their employees face to face and visit their office to give you more confidence about your invesmtment.
5. Funding your account
After you’ve open your account, you can now start funding it so you can start buying stocks online. There’s a lot of ways you can fund your account but the most convenient is thru online banking. If you have ATM savings account, you can enable its online banking feature to fund your COL account online.
You can check my tutorials on how to enroll and activate online banking thru BPI, BDO and Metrobank here. Or you can visit COL’s website for other options.
There you have it, you can now start investing in the stock market with your P5,000. You can fund your account for any amount you are comfortable then buy stocks on a regular basis. Start small and be consistent. It’s not how small you start but the consistency and discipline you apply will make the changes in your life.
*Please note that you can also attend FREE seminars before opening an account. You just need to schedule an appointment online. You can check the list of seminars here.
I attended their seminars twice before I open my account 3 years ago. Attending those seminars will definitely give you additional knowledge about the stock market.
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Hi, as you said after opening an account worth 5k, i can fund it with any amount after, does it mean i can choose to add 1k or 1000 php only per month?. like the offering of BDO EIP?. and since you’ve started 3 years ago do you check it everyday? and how much have you gain with it already?. thank you
Yes you can add any amount you want to your account, but ofcourse you need certain amount to buy certain stocks/shares. I checked it sometimes but mostly I focused on my work and my life. I’m a long term investor and planning to have that investment 10years++. I can’t show or tell my gains for privacy but I’ll tell you that it’s worth and it’s greater than any other investments out there given that you discipline yourself and stick to your goals. 🙂
Question
Once I have invested and started growing my money, how will I be able to withdraw some amount,just in case I need it for emergency purpose?
Thanks
You can link your bank account to your COL account. Once you sold your shares, you can withdraw your current balance and transfer it to your bank account. PLEASE NOTE: Don’t invest your money if you think you’ll going to need it. Stock market is volatile. Build an emergency fund first before investing. Thanks!
Ok, thanks.
I’ve been consistently reading your blogs, and just read that having an emergency fund prior to stocks investment is a good decision.
I know that stocks investment is long term , but in case I only need to withdraw a small amount, how soon can I do it? Thanks
Based from personal experience, max is 2-3 business days. But I suggest not to invest your emergency fund. What if the market is down and you have an emergency? Or holiday or midnight? Build an emergency fund first, put it in ATM savings account then save then save fund for your investment without touching your emergency fund. Hope it helps. Thanks!
Hello Billy,
Your article is very informative. I just want to ask if i start investing P5,000, do i have to deposit money monthly?
or i will just put an additional deposit anytime?
Thank you in advance!!! 🙂
– Eleseo
Hi i am an ofw,,and no other billing statement under my name..can i still open an account? Thanks
Hi Genesis, yes. Just call or email COL and they will provide you the steps. Thanks!
Hi, I’m still a college student and I don’t have a billing address, will I be able to open an account? I’m really interested in making an investment early for my future. Thank you.
I just turned 18 and I want to start investing in the stock market. Is it possible for me to join COL without a billing statement?
Meg, you still need to process that requirement. Thanks!
How can l start to invest now, while working abroad?
Can I withdraw my gains from my investment? How?
Hello. I just wanna ask if i can trade on a daily or weekly basis with this COL STARTER?
Hi!
If I invest to COL Financial can I choose which companies will I have to put my money? Or can they suggest what companies are the best to invest with? Thanks