Investing in Stock Market vs Saving Money in Bank
Investing gives your money the potential to grow
faster than it could, compared to Bank savings. If you have a long time
until you need to meet your goal, your returns will compound. Basically, this
means in addition to a higher rate of return on investments, your investment
earnings will also earn money over time.
Example 1: BANKING
(With Maintaining balance,
Hidden charges, Annual charges, and other fees or penalties.)
You have P5000 as regular savings in BPI (Bank of the Philippines) for a year.
The annual interest as of December, 2021 is only 0.0625%.
That is P3.12 in a year. Are you happy with this P3.12 earning for a year?
So if P3.12 x 5 years = P15.6. Are you
happy with this amount in 5 years?
This is NOT a good use for your money in a bank, specially if you have 2
children going to College.
Example 2: INVESTING (USA stocks)
If you invest your P5000 in a stable Stock Market.
If annual gain is 57.02%. That is P2851.00 in a year.
So if P2851.00 x 5 years = P14,255.
The best deal here is, a stable stock market gains more than 57.02% per year.
Example 3: IDEAL INVESTING for stable Stock Market
If you invest your P20,000. (or $400)
If Annual gain is 57.02%. That is P11,404 in a year.
P11,404 x 5 years = P57,020 (or $1142)
* * * * * *
GoTrade is the new Stock Trading platform where your can purchase US and
Foreign Stocks.
Other platforms don’t offer buying fractional shares to non-US residents.
Gotrade is the only platform that offers non-US residents to trade
fractional shares.
You can dowload it now from the App Store or Google Playstore.
Let’s say you want to buy Tesla Stocks. A Tesla Stock, let’s say, is
around $600 per share.
So in order for you to buy a Tesla stock, you need to have $600 to purchase and
start trading.
For Gotrade, if you don’t have $600 yet, you can still buy fractional shares
of Tesla.
1). Download the GoTrade app from
PlayStore or App Store.
2). Fill in the form and provide a clear photo of any IDs (passport, driver’s license, voter’s ID, NBI clearance, or postal ID.)
3). The
app currently accepts sign-ups from invitations.
As you register, use the Invitation code 967374 to be approved
quickly: (No referral bonus is given.)
NOTE: In Case of Difficulty in application: you might see the message below via SMS.
4). After signing up, you’ll
receive $2 free stock after successfully creating an account – which you can
unlock by depositing a minimum of $10 or (P500)
5). Account verification may take one full day. Once approved, you’ll get an
email notification,
and you can start trading right away!
See mobile pic below.
6). Deposit
money into your GoTrade account, before you begin buying US stocks.
As
of now, if you’re from the Philippines,
the GoTrade app only allows the following
cash-in methods in ₱:
Union Bank (transfers may take up to
1 day with ₱10 fee)
BPI (transfers may take up to 1 day
with ₱12 fee)
GCash (transfers may take up to 1
day with a 3% fee)
7). Check available funds
To check your total cash-in or available money in buying stocks,go to My Account, and see the amount
reflected beside the $ Cash icon.
You might notice that the
reflected amount on your account is different from the original amount you
deposited. While it’s true that GoTrade offers a $0 commission fee trading
service, they do charge a very small fee
every time you deposit and withdraw from your account. Don’t worry about it,
because the fees aren’t too exorbitant, unlike other trading platforms and
trading through brokers.
8). Buy Stocks
Buying and selling stocks in GoTrade App is very straightforward.
Both follow
the same process that’s easy to remember.
First, Click the Navigation Circle below beside the Dollar Sign. Then select
a company you want to buy stocks from. You can find companies by category on
the upper part of the Search page. Example type Netflix, and search. (See pic
below)
After
finding a certain company, click its icon to go to its trading page.
On this
page, you’ll find the company’s Market Stats & Performance within
(1day, 1
week, 1 month, 1-5 years)
9). When you’re ready to buy
stocks, just click the Trade button.
Tap the Order Type icon on the upper right corner of the screen to select
how you want to buy your stocks. For new users, use “Buy in dollars”.
Buy in dollars — lets you
enter the amount you’re willing to pay to buy stocks. This is great if you want
to buy several stocks and allocate the available funds among them. (example: $3
for Amazon, $5 for Netflix, and $3 for FB)
Buy in shares — lets you
enter a specific number of shares you want to buy up to 9 decimals places. Just
make sure that your available funds are enough to buy your desired number of
shares. (ex: 1.361515098 shares for AAPL)
Buy at a limit price — this
option lets you “schedule” when to buy certain stocks.
Let’s say you want to buy an
AAPL share when the market price hits $10. Just enter your target price and
click enter. When the market opens, and the market price matches your target
price, GoTrade app will automatically buy the stocks for you for $10 even
when you’re not online.
For now, this feature only
allows a minimum of 1 share to buy/ sell. You also can’t input any decimal
places after a whole number. This is one update that I’m very much hoping to
see in the near future.
10). After entering the amount or
the number of shares you want to buy,
tap Preview buy and swipe up to confirm your Buy order.
Market orders only takes a few minutes to be executed in GoTrade App when you
complete a transaction when the market is open (US time). But when you buy
and/or sell when the market is closed, you’ll see a pending status on your
account. Your market order will then be executed on the next business day.
11). Sell Stocks (when you want to harvest your Long term Income)
To sell your shares, go to the company’s page. Tap Trade. Select Sell.
12). Enter
the amount of shares you want to sell; in dollars, in shares, or select to sell
at a limit price.
13). Tap Preview sell and swipe up
to confirm your market order.
Again, keep in mind that when you’re selling when the market is open, your
order will be executed within minutes. Otherwise, you’ll see a pending status,
and your order will be completed on the next business day.
14). Withdraw from GoTrade APP to your Bank (Commission Free)
Method of wÃthdráwal are:
Union Bank / BPI / BDO /Metrobank / LandBank / RCBC / BankCom / PSBank / Robinsons
/ Security Bank.
Withdrawal fee is:
$4 if php transfer and $12 if usd transfer
Summary:
Investing in GoTrade App is very
easy, fast, convenient, and safe & Legit. With as little as $1, or (P54.00)
you can be one of the 100,000 from 150 countries investing in huge companies
like Google, Apple, and Netflix.
At the comfort of your homes, without the need for paperwork,
you can create an account and start trading instantly. GoTrade
is the choice for people who wisely Invest money and make it grow for long
term. Think of your children's college, think of your future. Start this 2022
while Covid is diminishing, and stocks are gaining again. Study before
investing.
By the way, the markets open at 9:30pm to 4:30am In
Philippine time.
GoTrade is better than other Trading Platforms:
COL Financial - (Philippines stocks only,
and sometimes slow server)
EToro - (If your inactive, you will
be charged, and you cannot buy $1.00 fractional shares)
TIP:
GoTrade APP is very good for LONG TIME INVESTING.
Let your money work for you as you continue your jobs or vacation.
This is better than Time
Deposits in Banking.
If you are a Day-Trader (daily awaiting stock Increase), you can still use this
APP.
Again,
here’s an invitation code if you choose GoTrade APP: 967374.
Use this code so you can use Gotrade! It’s by invitation only.
Just download the app in Google Playstore or Apple App Store.
