I was so disappointed when I learned that OFWs in the USA cannot invest in mutual funds in the Philippines. Thankfully, though, we can still invest in the Philippine stock market. I took the money we earmarked for mutual funds and put it in the stock market through COL Financial.
COL Financial is an online stockbroker that has been around since 1999. It is considered as the number 1 online stockbroker in the Philippines. They are also recommended by Bo Sanchez and his Truly Rich Club.
I have read Bo Sanchez’s short book “My Maid Invests in the Stock Market” some time back and got intrigued with the stock market. I know that it has some risks, but if I study it and treat it as an investment rather than regular stock trading, I should be okay.
Another reason is that investing in the Philippine stock market is a way of supporting our country’s industries and companies. If you want to open a COL Financial account, just follow these instructions.
1. Learn about the stock market.
You need to understand the risks and rewards associated with it. It’s not just about the millions you can potentially get. It is possible to lose money in the stock market. Read books and blogs about it and decide if it is for you.