Grow Your Portfolio More Easily by Automating Your Investments
COL Financial
Expert
Key Points
Achieve your financial goals by investing regularly with the help of the COL Easy Investment Program.
Did you know that you can automate your stock and fund investments?
If you’ve chosen to do peso-cost averaging as your investment strategy, automating your investing is a simple trick to help you do this. By doing so, you can have one less thing to worry about and you’ll have more time to focus on other important things.
Once you've completed your first purchase of the stock or fund you want to regularly invest in, you can now automate future purchases of the same investment.
To do this, just use our automating facility called EIP (Easy Investment Program):
Step 1: For stocks, go to the 'Trade' tab and click on 'EIP Scheduler'
Step 2: Fill out your order details:
• Stock Code - the stock code of the company you wish to buy (click 'List' to view the available stocks for the EIP)
• Cash Value - enter the amount you wish to regularly invest (make sure you have that amount in your account before the EIP date)
• Period - how often do you want to invest? Weekly, monthly, quarterly, or semi-annual?
• Start Date - when do you want your first automated investment to begin?
• Duration - how long do you want your automated investing to last? (Each EIP has a maximum of 3 years, but you can just set up a new EIP after)
• Order Mode - can be Manual or Automatic
> Choose ‘Automatic’ if you want your COL account to automatically execute your EIP without you having to log in to your account. This is the best option because for as long as you have enough funds for your investment, the EIP will go through without you needing to do anything.
> However, if you just want to set up an email reminder or a website pop-up on your chosen date of purchase, click 'Manual'. Please note that by choosing this option, you’ll still be the one to manually execute the trade by logging in to your account and clicking the ‘Buy Now’ button. If you don’t want to proceed with the purchase for that certain period, you may click ‘Skip’.
Step 3: Click 'Submit' to proceed to the order confirmation page, and double check your order details before completing the order.
For fund orders, it’s a similar process. Just go to the ‘Mutual Funds’ tab from your COL home page > Click on the ‘Order’ tab > ‘Order entry’ and enter the mutual fund code of your choice. Before you submit your order, make sure to select ‘Yes’ under EIP creation so you can enter your EIP details.
To view the full EIP guide, you can go to this link: bit.ly/COLeip-fullguide.
This article is part of Your Investing Journey - COL's monthly email newsletter that contains insights and strategies by the COL community to help you achieve your financial goals. Click here to read more articles like this.
COL Financial is the country’s most trusted wealth-building partner where more than 400,000 Filipinos invest in stocks and mutual funds. COL was founded on the belief that ’every Filipino deserves to be rich’. That is why, for twenty years now, we remain committed to help Filipinos build wealth by continuously providing free seminars, expert guidance and innovate tools.