In my first article on my investment experience with COL Financial I mentioned that I will “just invest in the long term and just check my balances after maybe 5 years or more" and that within my first few days of investing my stocks turned all negative but what the heck I’ll wait it out, we’ll, here’s an update.
The reason my update came too early (I was planning to write an update after about a year as I was expecting only small changes since I was investing in the long term) was because I received an email from COL Financial stating that I earned a cash dividend on one of my stocks. Guess I didn’t expect I’ll be receiving a cash dividend and that I’ll be receiving it that soon!
The profits were added to my unused account balance that I can withdraw as cash or use to purchase more stocks. Nice! It’s just a measly amount, but hey, I did nothing and just sat back (and relaxed) and my investment on the Manila Electric (MER) stock wasn’t that huge either! Just imagine the smile on my face when I read that email. I was planning to reinvest my profits back to MER but my profit of PHP 669.24 wasn’t enough to re-invest on MER (the lot size of MER is 10, meaning one can only buy in multiples of 10 shares and my profit is not enough to cover the minimum of 10 shares) so the option for me was to either add cash to my COL account or to just wait for more cash dividends to accumulate. For now, I’m choosing the latter.
Second update is on my whole COL portfolio. Remember that in my first article regarding my COL investment, all my stocks were bloody RED? Well now, it’s different. Two of my stocks are now green (positive) and the other two are still red (negative), but the increase in value of my green stocks were enough to compensate for the losses in my red stocks and greenify my portfolio as a whole (see below image)! My portfolio gain of PHP3,202.62 in five months, I will not earn by just saving the same investment amount (P150,000) in a regular savings account. See, try to think long term since for MOST stocks, it’ll all bounce back up. I’m excited to give you my next update – I’m hoping for another major positive change sooner so I can write another update real soon!
***July 4, 2016: A year after investing in the PSE, I must say that my decision to invest was right. In fact, one of the company stocks that I bought (MPI) gained more than a half (53.06%). Read more on this update and the action steps that I took here!
If you wish to know more, I’ve also written about COL’s Mutual Fund Supermarket, and also about the time I ambush interviewed its founder Edward Lee. If you’re looking to find out alternatives, check out my reply to a reader who asks which is the better investment between COL stock market and BDO Equity Fund.
Are you thinking of opening your own COL Financial account? Feel free to Share Your Story, comment, share your tips, or ask a question. Please also like me on Facebook and Twitter! Thank you!