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

richpulubi · 37 · 23615

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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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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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: 1303806195
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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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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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.


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yellowminded

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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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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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richpulubi

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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: 1303862280
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: 1303863882
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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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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^^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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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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^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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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: 1303902968
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 »


Ping

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May minimum placement ba?   May lock in period ba?  How about projected returns?

Parang managed account nga siguro lalabas?  Kasi di naman siguro 1:1 ang client at traders, kaya lalabas ONE trader will make the trades for SEVERAL clients?

Sana maging mas transparent sa results ng trading ng bawat trader?



 :cool2:


richpulubi

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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: 1303902960
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.

Ay, my mistake, COL has a TOTAL investment portfolio of P13.7B in investments, and only P3.5B in PCG, with only about 150 PCG clients so far.

And yes, there is a minimum of P5M.


bauer

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rp,

try to check COL's financial statement and compare their data of 13.7B and 3.5B in PCG so you will know the real score.

Post Merge: 1303978805
i believe most stock brokers do not submit a very good financial report
(talking about this matter, the PSE demands a good report from publicly listed firms but in their own backyard, the brokers, frequently IGNORE good financial report practices).

whew, no wonder stock trading in the philippines always remain a laggard.
« Last Edit: Apr 28, 2011, 04:20 PM by bauer »


pocoyo

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yes ur right, if they can give us good returns... why not... its worth the charge. so how much would be the initial investment for PCG, is there any other requirements, thanks!


bauer

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Bakit po ba interesado kayong mag invest ng minimum 5M sa private client group na nag manage ng pera nyo ay isang stock broker?

marami naman pong mga bangko na marunong sa management ng equity funds.  Di po ba mas lower ang risk kung bangko ang hahawak ng equity fund nyo?

tingnan nyo po ang mga global players.  karamihan subsidiary ng mga higanteng bangko ang nag handle ng equity funds ng mga investors


richpulubi

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bauer, can you kindly refer a bank or banks that are good at managing equity funds?  Actually, tinitignan ko rin ang mga banko na pwedeng mag manage ng equities ko.

Medyo sigurista kasi ako.  I do intend to invest through PCG at their minimum amount ONLY.  Then, find other companies to manage my other funds.  

I am uncomfortable investing too much of my hard earned money into just one private bank, like they do in the US.  And so, I prefer to tap many wealth mangement departments of different banks and stock brokerages.

 

Post Merge: 1304664180
I like making these companies compete with each other...and if their recommendations are the same, then it is easier to decide on what funds to buy. If they differ from each other, then you can pit one against the other.

BTW, once I get my equity accounts running, I will post them here so you guys can both benefit and criticize their decisions.
« Last Edit: May 06, 2011, 03:12 PM by richpulubi »


bauer

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rp,

do you have a safety net on PCG of citisec?  i'm really concern with their financial strenght.  high tech na sila sa stocks trading pero kung ang controls nila ay hindi high tech baka magkaroon ng "flash" trades tulad sa amerika.  kung mangyari ito, baka hindi kayanin ng capital nila.  eh wala pa naman PDIC-like ang local stock brokers natin unlike sa ibang bansa.

nag invest ako sa bpi global equity thinking na magaling sila.  i was dissappointed. pm na lang tayo. 

Post Merge: 1304781943
nga pala,  paglalabanin mo ang mga investment managers sa pagalingan ng returns?  di ba ang hawak nila ay capital mo?  di kaya ikaw lang ang may risk?
« Last Edit: May 07, 2011, 11:25 PM by bauer »


nelson

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richpulubi,

This thread is very interesting to me, I'm in the same situation as you are.


richpulubi

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rp,

do you have a safety net on PCG of citisec?  i'm really concern with their financial strenght.  high tech na sila sa stocks trading pero kung ang controls nila ay hindi high tech baka magkaroon ng "flash" trades tulad sa amerika.  kung mangyari ito, baka hindi kayanin ng capital nila.  eh wala pa naman PDIC-like ang local stock brokers natin unlike sa ibang bansa.

nag invest ako sa bpi global equity thinking na magaling sila.  i was dissappointed. pm na lang tayo. 

Post Merge: 1304781900
nga pala,  paglalabanin mo ang mga investment managers sa pagalingan ng returns?  di ba ang hawak nila ay capital mo?  di kaya ikaw lang ang may risk?

bauer, I think you do much better than these fund managers.  I've observed it in the past few months when I compare your recommendations with the head fund managers of FOUR of the biggest banks...who I was in direct contact with by phone and email.  You read the market right, and they were all wrong.  Unfortunately...I listened to THEM.

Nevertheless, I didn't lose any money, and actually made some.   But I would've made more money...if I listened to your advice.

Your question about them holding my money and they having no risk.  It's the same when you trade on your own, di ba?  But the managers and owners of the company whose stock you bought hold the cards.

Why not try opening your own fund?  I'd certainly buy!

 

Post Merge: 1304828506

richpulubi,

This thread is very interesting to me, I'm in the same situation as you are.

Welcome, nelson!  Can you share about your present situation so we may be able to help each other?
« Last Edit: May 08, 2011, 12:21 PM by richpulubi »


ahock

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nice info RIch.... I asked before kaso nung sinabi 5M minimum di ko na tinuloy since wala ako pera. You can make on your own research naman and hold it for long. Somehow yung dalawang pick ko is halos same lang ng intrinsic value. You can compute naman like Buffett style. Its low risk in a sense you are basing on its cash flow. I do watch nalang if may big changes sa company that will affect the price in a long term


richpulubi

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ahock,

Thanks, also you see, it's part of my long term plans.  These expert fund managers will continually defend their decisions to me, and for me, it is the best way to learn the ropes.  I intend to stay with these companies only if I'm happy with their performance, or only until the time I'm comfortable to do it on my own. 



yellowminded

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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...


Sir RP, I guess the tsismis was true!!! :)


Talley

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Magandang araw sa lahat.  Bago lang ako dito sa PMT pero para sa akin, pagdating sa mga "stock advice" o management, wala pa ring tatalo sa sariling sikap.  Oo, mahirap pag simula pero ganun naman lahat ng bagay.  Mas gusto ko kung ako yung gagawa ng desisyun.  Kung mali, de mali.  Walanag sisihan.  Kung hindi ko naiintindihan de hindi papasok o mag-aaral. 

Halos 20 taon na din ako sa nag-tra-trade at lahat na ng paliwanag narinig ko kung bakit umakyat o bumaba ang isang stock.  Masarap nga makinig o magbasa ng mga reports ng iba-ibang broker pero dapat sa atin ang desisyon.  Tignan natin kung ok itong grupong ito. 



richpulubi

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yellowminded, so, did you buy Lepanto?

Talley, does our market finally behave like a real stock market?  No more manipulation from the 'good old boys' or friends of malacanang?



gatsmavi

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magandang araw bat sabi ng citisec wag daw bili sa lepanto??


TSO

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ahock,

Thanks, also you see, it's part of my long term plans.  These expert fund managers will continually defend their decisions to me

So how do they usually defend their decisions? :D


richpulubi

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Well, I hope you guys bought when I shared the 'tsismis' about Lepanto last April.  (It was .30 per share pa lang, then it peaked at 1.60+)

And I hope you guys also listened and started selling now that it is September.


uranium698

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^galing sir RP :)

I think I missed this thread. oh well, LC/B still gave the biggest return for YTD. Labas pasok lang naman ako...

Next time, I should keep an eye on your next 'tsismis' :watchuthink:


mang_nanor

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GIG

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Beware:

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. Warren Buffett
Read more

WB


rupertfox20

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any updates if it's good to invest in COL PCG? Thanks sa sasagot.



 


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