Online Stock Trading

[CaRaMBa]

Hi guys! Has anyone tried trading stocks online? Who are the major players when it comes to online stock trading, both local and international? I only know of e-Trade (international) and Citiseconline (local).

What do you have to do and know if you want to start trading online?

[tr|n|ty]

there are numerous online trading companies including "traditional" brokers such as Merril Lynch but most online traders are discount brokers who only get 5% commission(i think). With discount brokers, you just get basic services, there's not much research materials that come with it.

here's a list of top online brokes -
1. Fidelity
2. Merril Lynch
3. Charles Schwab
4. NDB
5. Credit Suisse First Boston
6. Ameritrade
7. TD Waterhouse
8. E Trade
9. DATEK online
10. Muriel Siebert

my personal vote goes to fidelity because i trust Peter Lynch above everybody else :) A good lesson to learn about investing is that you invest in something you actually believe in and not just any company that has made so much buzz(i'm a very conservative investor) And with the advent of the internet, so much information can be gathered about what's in and what's out and what's upcoming. It's just a matter of sitting down and going through search engines. I'd recommend Google.com and Lexus-Nexus for researching. And as any good finance major knows, DIVERSIFY, DIVERSIFY, DIVERSIFY.

and that's my two cents worth(most definitely worth more than one ;) )

[aticus]

Originally posted by tr|n|ty
there are numerous online trading companies including "traditional" brokers such as Merril Lynch but most online traders are discount brokers who only get 5% commission(i think). With discount brokers, you just get basic services, there's not much research materials that come with it.

here's a list of top online brokes -
1. Fidelity
2. Merril Lynch
3. Charles Schwab
4. NDB
5. Credit Suisse First Boston
6. Ameritrade
7. TD Waterhouse
8. E Trade
9. DATEK online
10. Muriel Siebert

my personal vote goes to fidelity because i trust Peter Lynch above everybody else :) A good lesson to learn about investing is that you invest in something you actually believe in and not just any company that has made so much buzz(i'm a very conservative investor) And with the advent of the internet, so much information can be gathered about what's in and what's out and what's upcoming. It's just a matter of sitting down and going through search engines. I'd recommend Google.com and Lexus-Nexus for researching. And as any good finance major knows, DIVERSIFY, DIVERSIFY, DIVERSIFY.

and that's my two cents worth(most definitely worth more than one ;) )

Thank you for the info. :) I hope you don't mind, however, when I say that "diversification" isn't my cup of tea. To each his own, after all. :D

I agree that Lynch is a very good model, but my idol is Warren Buffet, and instead of diversifying his portfolio he sticks to just a few stocks, putting all his eggs in one basket, so to speak. :) Right now, there are only 3 to 5 Philippine stocks I'd buy and hold long-term...

I realize that I'd be crucified by most fund managers, but hey, that's why I'm an entrepreneur and not some successful stock broker! :)

[tr|n|ty]

here's an interesting article about the life of Warren Buffet


Getting to Know Warren

by Yi-Hsin Chang (TMF Puck)

For someone who is such an extraordinarily successful investor, Warren Buffett comes off as a pretty ordinary guy. Born and bred in Omaha, Nebraska, for more than 40 years Buffett has lived in the same gray stucco house on Farnam Street that he bought for $31,500. He wears rumpled, nondescript suits, drives his own car, drinks Cherry Coke, and is more likely to be found in a Dairy Queen than a four-star restaurant.

But the 68-year-old Omaha native has led an extraordinary life. Looking back on his childhood, one can see the budding of a savvy businessman. Warren Edward Buffett was born on August 30, 1930, the middle child of three. His father, Howard Buffett, came from a family of grocers but himself became a stockbroker and later a U.S. congressman. Warren's mother, Leila, who grew up in rural Nebraska, met his father while the two worked on the Daily Nebraskan at the University of Nebraska in Lincoln.

Even as a young child, Buffett was pretty serious about making money. He used to go door-to-door and sell soda pop. He and a friend used math to develop a system for picking winners in horseracing and started selling their "Stable-Boy Selections" tip sheets until they were shut down for not having a license. Later, he also worked at his grandfather's grocery store.

After frequenting his father's brokerage firm and charting stock prices on his own, Buffett, at the ripe age of 11, bought his first stock: three shares of Cities Service preferred at $38 a share. He watched as his first investment dropped to $27 and then recovered to $40. Buffett cashed out and made $5 profit after commissions -- missing Cities Service's rise to $200 a share.

When his family moved to Washington, D.C., Buffett became a paperboy for The Washington Post and its rival the Times-Herald. When his customers canceled their subscriptions for one of the papers, he was ready to offer the other paper to take its place. Buffett ran his five paper routes like an assembly line and even added magazines to round out his product offerings. While still in school, he was making $175 a month, a full-time wage for many young men.

When he was 14, Buffett spent $1,200 on 40 acres of farmland in Nebraska and soon began collecting rent from a tenant farmer. He and a friend also made $50 a week by placing pinball machines in barber shops. They called their venture Wilson Coin Operated Machine Co.

Already a successful albeit small-time businessman, Buffett wasn't keen on going to college but ended up at Wharton at the University of Pennsylvania -- his father encouraged him to go since he was just 17 years old. After two years at Wharton, Buffett transferred to his parents' alma mater, the University of Nebraska in Lincoln, for his final year of college. There Buffett took a job with the Lincoln Journal supervising 50 paper boys in six rural counties.

Buffett applied to Harvard Business School but was turned down in what had to be one of the worst admissions decisions in Harvard history. Nineteen at the time, he was told he was too young and to wait a year or two. The outcome ended up profoundly affecting Buffett's life, for he ended up attending Columbia Business School, where he studied under revered mentor Benjamin Graham, the father of securities analysis who provided the foundation for Buffett's investment strategy.

From the beginning, Buffett made his fortune from investing. He started with all the money he had made from selling pop, delivering papers, and operating pinball machines. Between 1950 and 1956, he grew his $9,800 kitty to $140,000. From there, he organized investment partnerships with his family and friends, and then gradually drew in other investors through word of mouth and very attractive terms: Limited partners would get to keep all the profits Buffett made for them up to 4%. Anything beyond that would be split -- 75% would be earmarked for the investors and 25% for Buffett. In other words, if Buffett's return was 4% or less, he would take home nothing.

Buffett's goal was to top the Dow Jones Industrial Average by an average of 10% a year. Over the length of the Buffett partnership between 1957 and 1969, Buffett's investments grew at a compound annual rate of 29.5%, crushing the Dow's return of 7.4% over the same period, according to Buffett: The Making of an American Capitalist by Roger Lowenstein. In other words, had you invested $10,000 in the Dow in 1957, by 1969 you'd have $15,260. The same investment in the Buffett Partnership would've produced $150,270 after deducting Buffett's cut. As for Berkshire Hathaway, you can get a glimpse of its performance by taking a look at this chart. That flat line in blue actually represents the S&P 500 in the booming '80s and '90s.

Buffett's investment strategy mirrors his lifestyle and overall philosophy. He doesn't collect houses or cars or works of art, and he disdains companies that waste money on such extravagances as limousines, private dining rooms, and high-priced real estate. He is a creature of habit -- same house, same office, same city, same soda -- and dislikes change. In his investments, that means holding on to "core holdings" such as American Express, Coca-Cola, and The Washington Post Co. "forever."

That sense of loyalty actually kept Buffett holding on to Berkshire Hathaway's past perhaps longer than he should have. Buffett Partnership bought some shares in the New Bedford, Massachusetts-based textile mill in 1962 when its stock dropped under $8 a share (it had $16.50 a share in working capital) and then acquired control of the company in 1965. Buffett hung on to the company's mills despite the industry's decline and redeployed its capital into a wide range of businesses (see table) before finally selling the yarn mill.

Buffett's tenacious grip on stability and constancy is reflected in his friendships, such as his longtime collaboration with Charlie Munger and his relationship with his wife Susie. They got married when Buffett was 21, and judging from Berkshire's annual reports and other public appearances, they've been happy together ever since.

In truth, Susie moved out shortly after the couple's 25th wedding anniversary. She even set her husband up with other women, including Astrid Menks, a waitress at the French Cafe who ended up moving in and still lives with Buffett. While Susie and Warren remain close, Astrid is his daily companion, though Susie still accompanies him on trips to New York and California and sits on Berkshire's board. Susie and Astrid are friends; they send presents to relatives from "Warren, Susie and Astrid."

Buffett's view of inherited money also departs from the norm. Critical of the self-indulgence of the super-rich, Buffett thinks of inheritances as "privately funded food stamps" that keep children of the rich from leading normal, independent lives. With his own three kids, he gave them each $10,000 a year -- the tax-deductible limit -- at Christmas. When he gave them a loan, they had to sign a written agreement. When his daughter, also named Susie like her mother, needed $20 to park at the airport, he made her write him a check for it.

As for charity, Buffett's strict standards have made it difficult for him to give much away. He evaluates charities the same way he looks for stocks: value for money, return on invested capital. He has established the Buffett Foundation, designed to accumulate money and give it away after his and his wife's deaths -- though the foundation has given millions to organizations involved with population control, family planning, abortion, and birth control. The argument goes that Buffett can actually give away a greater sum in the end by growing his money while he's still alive.

One thing's for sure about Buffett: He's happy doing what he's doing. "I get to do what I like to do every single day of the year," he says. "I get to do it with people I like, and I don't have to associate with anybody who causes my stomach to churn. I tap dance to work, and when I get there I think I'm supposed to lie on my back and paint the ceiling. It's tremendous fun."

It's fun to watch the master at work, too.



it's funny how most of my broker friends have Buffet as idol while analyst friends share my admiration for Peter Lynch because he's very academic finance person.(though Peter Lynch is far behind Allen Greenspan as my idol, using the word idol very loosely). to each his own indeed. :)

[CaRaMBa]

Thanks for the info! Any info on the local market?

aticus: Which stocks? :)

[aticus]

Thanks for the article. :) I thought I knew a lot about Buffet, but I didn't know about Astrid.

Then again, his love life isn't really relevant to my investing... :lol:

I agree with the observation about Buffet vis-a-vis Lynch. Analysts, I've noticed, really do prefer Lynch.

But we both agree on the idol, Greenspan. As a financial planner/analyst, he's one of the greatest minds in history. Truly someone to look up to.

[tr|n|ty]

here's a site that lists down different brokerage firms based in the philippines

DFNN (http://www.psedirect.net)

here's a quick list: (the above link has all the addresses of the companies below)
AB Capital Securities, Inc.
Apex Philippines Equities Corp.
Asian Capital Equities, Inc.
Campos, Lanuza & Co., Inc.
Diversified Securities Inc.
Eagle Equities Inc.
Equitiworld Securities
H.E. Bennett Securities, Inc.
HK Securities, Inc.
PNB Securities, Inc.
Pryce Securities Inc.
Public Securities Corporation
Quality Investments & Securities Corp.
R. Nubla Securities, Inc.
SB Equities, Inc.
Vickers Ballas Securities (Phils.), Inc.

Another company that wasn't mentioned above is IDS finance which i believe is a Hong Kong based company doing online trading in the Philippines.

[aticus]

Originally posted by CaRaMBa
Thanks for the info! Any info on the local market?

aticus: Which stocks? :)



:lol:

That's what I love about you, CaRaMBa, always the practical one. :)

Hmmmm... right now?

I'd say go with some of the blue chips. Bear markets usually punish second-tier stocks, ICT's performance regardless. I wouldn't even qualify Aboitiz Equity (AEV) as a good stock yet. I'm a bit wary of their earnings...

My picks right now include BPI (long-term hold), San Miguel-B (SMCB) and Ayala Corp.

I don't expect them to have the bottom drop out from under them, and I do expect their stocks to really bounce back over the next five to ten years. :) Sorry, I'm not much of a "trader." I like to buy and hold.

Be careful of Benpres right now. They're so in debt, and I'm not sure their selling of some of their prime asset companies is a good thing. Stay tuned! :)

[CaRaMBa]

aticus: Parang ALI is better than AC? Not sure though.

Anyway, I started this thread because PEx will launch an online trading game soon. I'm actually going to join (yun nga lang I can't win) 'cause I really wanna learn.

Watch out for it, the prizes are great!

How much do I need to open an account? Basically the minimum amount. However, I also wanna know how much I should invest to make it worthwhile. Baka nga mag-open ako ng account na minimum, tapos insignificant yung dagdag.

I'll research on this on monday - sucky connection here at home eh.

[aticus]

Originally posted by CaRaMBa
aticus: Parang ALI is better than AC? Not sure though.

Anyway, I started this thread because PEx will launch an online trading game soon. I'm actually going to join (yun nga lang I can't win) 'cause I really wanna learn.

Watch out for it, the prizes are great!

How much do I need to open an account? Basically the minimum amount. However, I also wanna know how much I should invest to make it worthwhile. Baka nga mag-open ako ng account na minimum, tapos insignificant yung dagdag.

I'll research on this on monday - sucky connection here at home eh.



I'm not very bullish on the property sector. I know for a fact that there are way too many unsold, unrented condos in Makati, for instance, and somehow I feel the property sector is just one major negative event away from going down again. The only reason C&P went up, for instance, is coz ALI bought 11% of it.

I suppose in the short-term people will speculate that it will go up (ALI, that is), but I'll have to wait and see. I'm not even as worried about the Abu Sayyaf situation as I am about the budget deficit and our BOP deficit. Growth is slowing down, foreign brokerages are closing down, and many expats are being recalled, and all of these point to a possible depressed year for the property sector, and ALI.

Not to mention one of the most telling things: Year on year, ALI actually experienced a drop in profits (I think about 19%), whereas BPI and GLOBE both recorded record earnings, each jumping over 100% (Globe by over 200%).

I'd go with AC right now, over ALI. But hey, I'm no expert. :) You should ask the "big guns" like KuyaDanny. :D

[tr|n|ty]

Stay away from Benpres. their in so much hot water right now.

i have a question, do people sell mutual funds of Philippine Equities and Fixed Income products??

[aticus]

Originally posted by tr|n|ty
i have a question, do people sell mutual funds of Philippine Equities and Fixed Income products??



Hmmm... I'm not sure about this. :) I've never been a big fan of mutual funds.

KuyaDanny? Would you know about this?

[CaRaMBa]

aticus, for the ALI vs AC, it's not the industry. I think I heard from somewhere that ALI is doing better than AC that's why I asked about it.

[aticus]

Originally posted by CaRaMBa
aticus, for the ALI vs AC, it's not the industry. I think I heard from somewhere that ALI is doing better than AC that's why I asked about it.

Yup, performance-wise you may be right. :) But let's just say that I've got a "feeling" about AC... :lol:

I still maintain that, over the long-haul, it's a better stock than ALI, but don't take my opinion on it. :) I'm really not a stock broker. If your friends tell you otherwise, go with them. They'd know better. :)

[nix]

ALI's performance will greatly impact AC's as well so if you go with AC, whatever doubts you may have about ALI should be taken into consideration.

If I would have to choose a stock, I would go with BPI.

[aticus]

Originally posted by nix
ALI's performance will greatly impact AC's as well so if you go with AC, whatever doubts you may have about ALI should be taken into consideration.

If I would have to choose a stock, I would go with BPI.

But I think it's the DEGREE of impact I'm worried about, my friend. :)

I mean, even if ALI goes down, if BPI and GLOBE go up, then AC won't be as affected. Looking at 1stQtr earnings, I think you understand what I mean.

And, yes, I'm going with BPI too. :)

[KuyaDanny]

Originally posted by aticus
Hmmm... I'm not sure about this. :) I've never been a big fan of mutual funds.

KuyaDanny? Would you know about this?

In this thread (http://www.pinoyexchange.com/forums/showthread.php3?threadid=27972), some Philippine mutual funds, including their performance for Year 2000, were mentioned.

[Wicca]

For trading foreign markets, our firm trusts E Trade & Schwab. For cheap rates, Datek online. If you plan to trade global equities online, make sure your online broker is a reputable one. Make sure their system doesn't have any bugs.

In local trading, I recommend CitisecOnline.com Inc because they not only provide the facilities for online trading but all the information you need from news to charts are also available online. Aside from that, they also give free seminars and training on how to invest. They also provide clients with daily updates and company research through e-mail. What gives them an edge among others is that an analyst / trader is assigned to each client for a more personal touch. CitisecOnline.com is the first online brokerage in the Philippines to offer all of these benefits for their clients. Oh, and did I mention that the initial deposit to trade doesn't cost much at all? :)

CaRaMBa ALI... one of the good, sound companies listed. A technical analyst would tell you that ALI is a much better company. It currently closed at Php 4.85 today, but if you look at the assets of this company, this company ought to be trading Php 11.00 at least! This company is majorly undervalued. Very big upside for those who want to invest in this.... As for investing, our company requires a minimum of Php 25,000.00 to open an account. Honestly, this amount will get you nowhere since the local market isn't as volatile as the foreign ones. The best would be to put in Php 100K that way you can see the results.

everyone As CaRaMBa mentioned in a previous post, watch out for the online stock market game here in PEx. Great prizes for those who will win! :D

P.S. My personal stock pick (using a purely technical basis, not fundamental okay?) is ICT. Heck, I just made money with this baby! ;)

[CaRaMBa]

Question: What's the difference if "technical" and "fundamental" basis? :) Sorry, clueless talaga ako pag dating dito.

[aticus]

Originally posted by Wicca
P.S. My personal stock pick (using a purely technical basis, not fundamental okay?) is ICT. Heck, I just made money with this baby! ;)

Congratulations. It went up, what, like 100% in a month? :) Hope you got in while the action is good.

I'm still a bit uncertain about their sale of foreign port rights to Hutchison, though... But, like I told CaRaMBs, I'm not the expert. :D

Also, since I'm going long-term, I really do like BPI more than ALI. I'm not convinced the property market will bounce back as much as some analysts predict, but that's only coz I have friends in the property sector who tell me of what REALLY is going on. At least, that's what THEY say... :lol:

I'm curious to find out about your valuation of P11 though. Could you tell me more about this? I might learn something new...

Thanks. :)

[Wicca]

aticus The reason ICT's stock is flying to the moon is that the company is trying to buy back as much shares as possible. They're planning to list in another market. It has nothing to do with the Hutchison deal. I wish it were my personal money though, I just used my client's account so technically she's richer, I just did the dirty work or her :D

As for the information on ALI, our research department presented this company and gave us a recommendation. But this information will only be of use to those who plan to invest (long term, years upon years, keeping the stock inside a taul, time capsule, whatever :lol: ) For traders (easiest way to make a quick buck and lose it :lol: ) this is a no-no.

CaRaMBa Technical & Fundamental Anaysis... these are used to study companies, to see if a stock is worth buying,etc. In Fundamental Analysis (good for people who want to invest long-term) we study everything we can under the sun about a certain company... its assets, liabilities, sales performance, earnings, losses, etc. Our research department does the dirty work for us. Technical Anaysis (effective for traders, short-term) involves predicting a stock's next move based on its current and past trends. We study the trends, momentum (how much interest there is in a certain issue), volume, etc. I normally check out a company's background first (Fundamental Analysis) before checking its chart performance (Techincal Analysis). Its best to use both, very helpful :)

[aticus]

Originally posted by Wicca
aticus The reason ICT's stock is flying to the moon is that the company is trying to buy back as much shares as possible. They're planning to list in another market. It has nothing to do with the Hutchison deal. I wish it were my personal money though, I just used my client's account so technically she's richer, I just did the dirty work or her :D


Thanks for the ICT info. :) I figured it was something like that. One of these days I'm really going to take a week off just to read up on all the happenings in the market over the past year. And to do my own "due diligence" on the stocks I want. :)

I'm going for BPI over ALI though for the fundamental reason that I understand banking a heck of a lot more than I do real estate. My dad's a banker, and I've been around banks all my life. It's another reason I told CaRaMBs that I preferred AC. I understand holding companies, and I've had occasion to study THIS one very closely of late. ;)

[tr|n|ty]

technical analysis is a dying art. i'd stick with the fundamentals, check their cash flows.

[Meiji]

ICT = ICTSI, just wondering. one thing more, do you think it's profitable to hold on to ICTSI's stocks long-term?

[Wicca]

trinity I would disagree with you on that. Technical analysis plays a big role in helping our firm trade the US, Hong Kong and Local markets. Here's proof: if it weren't for our style then we'd just be like other brokers in the Philippines that have closed down (like Merril Lynch & Securities 2000). Unlike these firms, our techniques have kept us more than alive, but have enabled us to expand despite our country's financial crisis. Trust me, I've been an analyst and trader for more than a year and it really works... its different when you study it in school or practicum than when you're doing it for a living. Like I said, You can't apply Technicals uless you've checked out the company's Background so that's using Fundamentals, right? Have to use it hand in hand. Technicals work for traders and Fundamentals work for investors. To each his own.

Meiji It hasn't fully recovered from its income (which was actually a loss... due to the closing of one of their South American Ports) in 1999 of Php 1.34 Billion. In 2000, its earnings amounted to only Php 31 Million. The sale of its foreign ports to Hutchison (a Chinese comapny) may help strengthen the groups structure of ICTSI, according to them. Fundamentally, it is a buy because the company is starting to turn around. Technically of course its a buy, its flying! :D Anyway, give me your e-mail address, I'll send you a research file we recently did on ICTSI to help you better understand this company :)

[c]aticus[/b] I see you prefer holding companies ;) Our firm kasi, we'd rather buy into a company that is concentrated in one type of business, nothing too diversified. They turn out to be more profitable kasi.

[tr|n|ty]

Wicca- The philippine stock market is an old boy's club and is manipulated by a handful of people that's why technical analysis plays an important role and that's where the Efficient Market Hypothesis comes in. I'd like to go beyond the Philippine shores for the breadth of this discussion of online trading because that's where the real money is. And your firm's strength in the Philippine market maybe a sign that their way works, i'm not doubting that but then again, we are talking about an exchange that will eventually go floorless and borderless in the near future and are they an important player in the great blue yonder? citing merril lynch's adios from the philippine market means nothing to the Big Bull. but i digress. I'm just saying that there are different and more dynamic ways of looking at things and as you said, to each his own. And my own is technical analysis is a dying art. I'm sure your experience in real life does add and i respect that but you cannot belittle my own experience though you may see it as a cocky academic speech of a fresh grad.

[CaRaMBa]

So what are the 'best' stocks right now? Local? US?

[Wicca]

Local, stick to blue chips as much as possible kasi less risky yun. ICT is good although its in a correction from its 4-day upmove so expect it to go down a bit first before it continues to go up. Ask me na lang a certain stock tapos I'll see what I can find :)

Hong Kong, stick to the Red Chips, they're in an upmove unlike those listed in the HSI which are mostly in a downtrend.

US, ask Bry, Butch or my honey! They're the experts hehehehe :) Pero from what I know, a lot of them are holding Microsoft (as of last night) because it just broke out of its almost month and a half consolidation. Then again, the list changes daily because they're into trading not investing. Kaya they only try to predict moves that will last for 3 days or so...

I'm more into the Philippine & Hong Kong markets, I just observe the US 'cause it affects the movement of the two markets I'm concentrated on.

[CaRaMBa]

So for a beginner, I would think that 'investing' is safer? That it's hard to trade if you don't know a lot about what you're doing?

[Wicca]

There's no such thing as "safer" in the stock market. If you have a lot of money to put in the market, then its better to invest, kaya lang it will take longer to actually see the results pero if your money is in a really good company, then returns are almost sure. If you don't have millions, then trading would be better because returns are faster, you can buy and as soon as it goes up to a certain point, you can sell... wait for it to correct or consolidate and when indicators point to a buy, you can enter again and profit-take after a few days.

A newbie to this industry should have a broker who can provide good advice... be wary of brokers who don't or can't properly explain why you ought to buy, sell or hold a stock or give you the reason that its his/her "gut feeling"... trading should never be done by feel.

Anyway, when the game starts we'll be holding a seminar for the participants to better understand the market and give some advice on how to trade. Its very helpful! :)

[Meiji]

Thanks Wicca. My email addy is meiji3@yahoo.com.

[Wicca]

Something new to keep your eye on...

Petron (PCOR)
Filinvest Land Inc (FLI)

[richyuppie]

Originally posted by CaRaMBa

Anyway, I started this thread because PEx will launch an online trading game soon. I'm actually going to join (yun nga lang I can't win) 'cause I really wanna learn.

Watch out for it, the prizes are great!
Hi CaRamBa! I just want to know the results of this PEx-CitiSec virtual trading game, and I want to know if we will have another one. I encountered this contest before when I was still an “observer” of PEx. At that time, though unregistered, I do visit PEx and read some threads from time-to-time. Now that I’m registered in PEx and being involved in the stock market, I just want to know – if you don’t mind or if it’s not prohibited, the results of this contest.

Thanks, indeed!

[Spyfrat]

cge sali ako :glee:

sa ids forum dati, i came up with the idea re contest for the benifit of the PGH kids. bali may entry fee for each contestant, said fee will be pooled. so kung maraming contestants the better dahil malaki yung ibibigay sa PGH kids. yung mananalo, yung prize nya is that his or her name will be used as the donor of said pooled fees. tapos d na sya mag bibigay nang kanyang registration fee dahil sya na yung nanalo.