Welcome

This blog serves as an Hypothetical Scenario on the possibility on making money using only the minimum wage. The broker will be BPI Trade

while I will put the majority of funds on long term stock, I will also speculate in the market

How much does it cost to buy and sell shares of stock?
BPI Trade charges the following for a BUY Transaction.
Commission:     0.25% on the gross value or a minimum commission of Php20.00
Value Added Tax:     12% is levied on the commission charge
PSE fee:     Php0.00012 for every Php1.00 gross value traded
SCCP fee:     Php0.00011 for every Php1.00 gross value traded

BPI Trade charges the following for a SELL Transaction.
Commission:     0.25% on the gross value or a minimum commission of Php20.00
Value Added Tax:     12% is levied on the commission charge
PSE fee:     Php0.00012 for every Php1.00 gross value traded
SCCP fee:     Php0.00011 for every Php1.00 gross value traded
Sales Tax:     0.50% on the gross value
A PDTC Depositary Maintenance Fee of PhP 0.00000833 for every Peso market value of your holdings as of month end will be debited from your BPI Trade bank account monthly.