COL's Gain or Loss%

I received an email from Josef asking why the Gain/Loss % of the new COL Financial Group website is different from the old one.

Here is a part of the email:

Bro question, nito ko lng kc na-try yung new COL website. Ask ko lng why di ngtatally yung % ng Gain/Loss and also amount pag pinag-compare ko old and new site.

Before anything else, I just wanted to clear that I am not in any way or whatsoever affiliated or connected with COL Financial Group (formerly Citiseconline).  I am just an investor cum trader and I’m using them as my stockbroker.

When COL Financial Group advised that they are going to change the website name from Citiseconline.com to Colfinancial.com, I waited for it. Did you notice the countdown from the Home tab of Citiseconline.com before? It was called CitisecOnline Evolution. CitisecOnline’s legal name is now COL Financial Group.

When the countdown to the CitisecOnline Evolution ended, I immediately tried to use colfinancial.com. Just like in every new thing that I encountered, I felt naïve while navigating the pages of the new website of Citiseconline. I felt that I like the old website. However, as I continue to use colfinancial.com as the days went on, I appreciate the new features embodied in every pages of colfinancial.com. I like the quicklinks and, the ticker tape that hovers above the tabs. The watchlist can accommodate more than 10 stocks now, and when you buy or sell a stock the amount that appears is net of taxes already and the net total is being simultaneously calculated while typing your number of shares you want to buy or sell. The gainers and losers are in the home page already. The…ok, I’ll stop it because you might think that I am a marketer of COL Financial Group (I would like to stop identifying them Citiseconline as the Company and prefer to call them COL Financial or COL because they have legally changed their company name already.)

And one of the changes is in the Gain/Loss % which is what bothering Josef in the new website.

I checked the old and new website and indeed there is a discrepancy between the Gain/Loss % between the two. Apparently it is all because of the taxes and fees.

Below is a screenshot of the old and new website and I am putting xx in the number of shares and amount because I do not want to divulge how many shares I bought.

OLD WEBSITE (Citiseconline.com)

Action	Stock Code	Market Price	Ave. Price	% Gain/Loss
BUY | SELL	PHES	0.64	0.6621	-3.34%

NEW WEBSITE (Colfinancial.com)

Action	Stock	Market	Average	%Gain/
	Code	Price	Price	Loss
BUY | SELL	PHES	0.64	0.6621	-4.11%

Did you notice the difference in the Gain/Loss %? The Gain/Loss% in the new website (colfinancial.com) is ALWAYS higher than the old website (citiseconline.com). 

In the old website (citiseconline.com), the taxes and fees are not included in the computation.

In the new website (colfinancial.com), the taxes and fees upon selling the stocks were taken into account in the computation of Gain/Loss%.

So if you see a positive gain or loss in the new website, it means that those profits are ALL YOURS because all the taxes and fees are included already in the Gain/Loss%.

The taxes and fees involved are:

FEE	COMPUTATION
Selling Price	Selling Price x .25%
Commission	Selling Price x .25%
VAT	Commission x 12%
PSE Trans Fee	Selling Price x .005%
SCCP	Selling Price x .01%
Sales Tax	Selling Price x .5%
Total Fees/Taxes

 Normally, when I sell a stock I am still computing the taxes and fees so that I know how much I earned or lost in that stock. With the new website, the Gain/Loss% is really your gain or loss.

So if you are asking which one I prefer, I am choosing the new website (colfinancial.com).