To invest in Philippine stocks, you can follow these steps:
- Choose a Broker: Select a stockbroker that is accredited by the Philippine Stock Exchange (PSE). Consider factors such as minimum investment requirements, services offered, commissions and fees, client feedback, and the user-friendliness of their trading platform1.
- Open an Account: Contact your chosen broker to obtain their account opening requirements and submit the necessary documents and identification cards. The broker will conduct the Know Your Customer (KYC) procedure1.
- Place Your Order: You can either give your buy order to your assigned trader or post it through your online trading account. Ensure that online accounts are pre-funded before entering buying orders1.
- Pay and Settlement: Payment for shares bought and delivery of shares sold should be made before the settlement date1.
Investing in Philippine stocks can be done through individual stock purchases or investing in index/mutual funds. The choice between the two depends on your investment strategy, risk tolerance, and investment goals. Investing in individual stocks allows for potentially higher returns but also higher risk, while investing in index/mutual funds offers diversification and lower risk but may have lower returns2.