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the only thing we need is a good strategist, and a good strategist, you have to invest money unless you ask the figures from me! a lot of nasty brokers out there who would give a run to your money, dont invest here! invest abroad!

 

Problem with investing abroad is that you add another variable = FX gain or loss during the conversion. My basic approach is to always lessen the variables.

 

It you have the time to spare, you can try citiseconline. It gives you several leads based on their research.

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Hey guys, please share of you have a good tip on what stock will run. The last tip I got was GEO which almost double in the past 3 weeks.

 

Maybe the experts can give their thoughs on the Mining Sector in general... seems the other sectors/potential stock picks have already reached their "target" prices/levels... they say Mining will be taking the lead to maitain this bull run.. ? GEO in particular, with its strong business model, is the current pick. Company is in advanced talks with a major international investment house to tap offshore funds for its mining exploration. Has already acquired the nickel mining rights of Garnierite Mining in Bukidnon province. Previously acquired the nickel mining rights in Palawan, and with Saprolite’s s nickel-chromite and nickel-cobalt deposits and properties in Zambales....

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How much was the local market affected by the US markets drop? Where we smarter than our US counterparts and not overreact to a "casino"/stock market drop (i.e. Shanghai)?

 

Sad to say, this republic of ours is greatly afected by whatever happens in the US. . . to a great extent, PSE included.

Some analysts are saying that this correction (of PSE) might be similar to the one we had last May'06... but better we refer to the technical and fundamentalists here on the thread...

 

cheers!

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how much do you guys pay in commissions to your broker?

is it a % of value or a certain PHP amount per volume of shares traded?

i would imagine it is cheaper going with online trading.

 

only have experience with US stocks and futures.

 

thanks

It seems online trading for Philippine stocks is much cheaper. Fee is 1/4 of 1%.

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Anyone here trading at BPI Trade? I am thinking of opening an account, but a colleague suggested CitisecOnline.. Help, Sirs?

 

 

I just open an account in citisec online is pretty cool and easy to use the commision is one of the lowest in the market 0.25%.

But I recommend if you have time take there free seminar to know more on stock market.

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It seems online trading for Philippine stocks is much cheaper. Fee is 1/4 of 1%.

 

 

 

interesting. works out to be much expensive than what you'd pay in the U.S. but those are the rules and fees for trading in the phils.

 

in the states you could pay something like $5 for 1000 shares of a stock.

 

so for an example if you buy 1000 shares of a $50 stock, it would cost you $5 = PHP 244

in comparison, this 1000x$50=$50,000 investment would have a fee in the phils of 0.0025% = $125 = PHP 6,100

 

that discourages short term quick in and out trading definitely. more suited for longer term horizons.

Edited by nyc2manila
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Anyone here trading at BPI Trade? I am thinking of opening an account, but a colleague suggested CitisecOnline.. Help, Sirs?

 

I have a BPI Trade account. commission is just 1/4 of 1 %. all you need to do is have a savings or checking account with bpi then apply online. that easy :)

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