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Citisec Private Client Group (COL PCG), any good?

richpulubi · 37 · 20476

richpulubi

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We go to Citisec cuz we can buy and sell stocks are a discount, since it is a discount brokerage.  Recently, COL opened their COL Private Client Group, wherein they can make decisions, research, and trade stocks for you, for a higher fee of .625% instead of .5% per trade. 

Di ba that makes this department a full service broker? 

Does being a client of this higher level in COL a good idea? 

Do you think, given their extensive connections, they can make more profitable decisions compared to a regular trader or investor?

BTW, PCG operates as an active trader, playing with 3 to 5 stocks at a time to maximize profit.  I don't have to mention that this is how they make money because they charge commission for every trade.   For me, it's fine, as long as they give superior returns, di ba?

Thanks guys in advance!
« Last Edit: Jun 09, 2017, 02:19 AM by FutureGizmo »


yellowminded

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Reply #1 on: Apr 26, 2011, 03:59 PM
Sir, will this be like a managed fund arrangement? Your money will be pooled in a fund together with other investors?


richpulubi

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Reply #2 on: Apr 26, 2011, 04:18 PM
Nope, each investor will have a separate portfolio.  Then the assigned fund manager will choose the stock and will buy and sell for you, according to their discretion, of course, with their 'superior' research and analysis.  From what I've heard, they have tie ups with Merril Lynch and JP Morgan ata, pero tsismis lang to. 

Sabi rin nung nakausap ko, they already have P13B invested in their Private Client Group, though they just started last year.   

I don't know their track record, since each and every client will have a different portfolio.

Post Merge: Apr 26, 2011, 04:23 PM
Before I forget, of course, those who make the most money in stocks are those with the best 'tsismis' or more bluntly, 'inside information'.  Is Citisec best positioned for this insider trading advantage?
« Last Edit: Apr 26, 2011, 04:23 PM by richpulubi »


yellowminded

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Reply #3 on: Apr 26, 2011, 04:46 PM
Haha. If they are, i don't think you will get reliable confirmation (unless you have direct contacts within). That would be kind of a trade secret, wouldn't it?... (no pun intended) :)
« Last Edit: Apr 26, 2011, 04:48 PM by yellowminded »


richpulubi

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Reply #4 on: Apr 26, 2011, 05:01 PM
Well, I'm kinda new to stock trading, pero, so far, the tsismis I've been getting from close friends are true.  Examples, these are buys from February: Lepanto, Phoenix Petroleum, Century Peak metals.  And strongly don't buy Cebu Pacific. These are not blue chips, but if you bought then, you'd make money.


peanut

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Reply #5 on: Apr 26, 2011, 06:36 PM
magkano investment to qualify sir richpulubi?


yellowminded

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Reply #6 on: Apr 26, 2011, 07:35 PM
Sir RP, so you're saying that these guys are doing insider trading? I'm also not well-versed with trading stocks btw.


PLC

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Reply #7 on: Apr 26, 2011, 09:21 PM
Be careful throwing buzzwords around. Maybe I'm guilty of naivete but I'm pretty sure insider trading is not something Citisec would have itself associated with. Same goes for any of the major fund management groups out there who have a heightened sense of organizational integrity.

That said, I think the PCG that you brought up might be a good option to have IF you don't have the time to manage your own portfolio or if you aren't confident enough that you could generate a favorable level of returns yourself.

Now if you're someone who speculates on the market, as you had led me to believe with your statement about people making money out of tsismis, I think you'd be better off with portfolio managers such as PCG. These guys usually know their way around the market, and I would like to think that their decision-making when it comes to trading goes far beyond the tsismis that they hear.


freefront

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Reply #8 on: Apr 26, 2011, 11:38 PM
Who's to say they won't "churn' for the business?


richpulubi

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Reply #9 on: Apr 27, 2011, 07:57 AM
Be careful throwing buzzwords around. Maybe I'm guilty of naivete but I'm pretty sure insider trading is not something Citisec would have itself associated with. Same goes for any of the major fund management groups out there who have a heightened sense of organizational integrity.

That said, I think the PCG that you brought up might be a good option to have IF you don't have the time to manage your own portfolio or if you aren't confident enough that you could generate a favorable level of returns yourself.

Now if you're someone who speculates on the market, as you had led me to believe with your statement about people making money out of tsismis, I think you'd be better off with portfolio managers such as PCG. These guys usually know their way around the market, and I would like to think that their decision-making when it comes to trading goes far beyond the tsismis that they hear.

Thanks for the advice!  BTW, do you know anyone who tried PCG, and were they happy with their returns?

Post Merge: Apr 27, 2011, 07:58 AM
Who's to say they won't "churn' for the business?

This is my fear too...especially since their style is active trading, rather than investing for the long term.

Of course, the final decision is still up to the client.

Post Merge: Apr 27, 2011, 08:24 AM
Sir RP, so you're saying that these guys are doing insider trading? I'm also not well-versed with trading stocks btw.

I'm also kinda new to stock trading, and not that sure about the terms. 

If an owner of a publicly traded company tells you to buy immediately cuz it will double in price in a week...AND IT DOES, is that insider trading or tsismis?

If a friend tells you to buy this stock cuz his friend's employer, a big multinational company, is buying a large chunk, is this tsismis or insider trading?  Stock grew by 12% in one day.

If a close friend tells you to buy a stock cuz the owner(his customer) is working on listing it is the Shanghai stock exchange is that tsismis or insider trading?

Again, I'm not sure of the terms. 
« Last Edit: Apr 27, 2011, 08:24 AM by richpulubi »


inan

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Reply #10 on: Apr 27, 2011, 09:08 AM
isn't "insider trading" illegal?

anyways, i'd rather drive my own car than hire a Ferrari Driver to drive for me...
If i think the road is too risky, i'd find another way around...
The Ferrari driver will drive anyway, the car being not his own... :)

Also, does Bernard Madoff ring a bell?


yellowminded

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Reply #11 on: Apr 27, 2011, 09:50 AM
^^I hope someone enlighten us but the first one sounds like insider trading to me, sir. The second one is a bit gray because it's just information that a big player is buying. I'm not sure if getting such information is illegal (I doubt it) but you would always want to join the big players (same thing in forex trading) because they tend to influence prices. The third one I'm not sure entirely. Might be it's not insider trading since these things should be public information (?). You just get the news faster since you know someone who knows someone who knows someone who robbed someone... :)

^inan, How does Madoff relate to this? Wasn't he a pyramiding scammer?
« Last Edit: Apr 27, 2011, 10:31 AM by yellowminded »


richpulubi

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Reply #12 on: Apr 27, 2011, 10:52 AM
yellowminded,

Well, you've made me feel better...I guess, for the sake of politeness...let's just call it 'tsismis'.

BTW, the 'tsismis' so far is still Lepanto, that it will continue to rise until September...up to P2.00 DAW.  So, let's see...


yellowminded

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Reply #13 on: Apr 27, 2011, 01:53 PM
^From Lepanto's website, it seems they are also cement producers. Due to the recent natural calamities all over the globe, demand for cement is increasing so that may explain part of it. Lepanto may have secured a Japan deal...! :)


bauer

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Reply #14 on: Apr 27, 2011, 07:14 PM
RP,

careful about the 13B bragging rights of citisec for PCG.  check out the list of most active stock broker by VALUE.  i do not see them anywhere near the top! 

If someone will tell you some stories that are not closer to the truth, i will DOUBT EVERYTHING the story teller will share.

Post Merge: Apr 27, 2011, 07:16 PM
kung san miguel nga nahirapan makakuha ng 300 billion dollars (13.2 B in pesos) in equity share sale, paano naman ang citisec?  broker lang sila with limited market penetration reach.
« Last Edit: Apr 27, 2011, 07:16 PM by bauer »


 


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