Proof Why Mutual Fund is the Best Venture for OFW?
When I came back to Philippines from South Korea last January 2010, I made it certain that I can start a mutual fund account as one of my investment for laboring overseas. I like my money to work for me just what financial mentor is teaching like Robert Kiyosaki and Francisco Colayco. In fact, prior to I went on vacation at that time and some months before, I’m investigating which mutual fund I will purchase. I believe mutual fund is one good investment for OFW.
So I studied in the world wide web about the accomplishment of mutual funds in the Philippines. I read blogs frequently talking with mutual funds so I will have sufficient knowledge and tactics in investing in it. I became interested to First Metro Assets Management, Inc. (FAMI) and selected it because it is backed by Metrobank which I think has a good management; it has low NAVPS (net asset value per share) and good return according on their former achievement in the past 4 years.
When I got my account in FAMI, I came to their office in PSBank building along Paseo de Roxas Avenue in Makati. I brought all the requirements which I obtained from their website. It took only less than 30 minutes for the request to be handled and approved. There are no hassles and the client agent was really nice. She helped me to select which type of mutual fund suited for my investment goals.
In fact, when you applied for FAMI mutual fund account, you will be handled a group of questionnaires and based on your answers, the client agent will check your score with matching type of mutual fund appropriate for you. You can also inquire mutual fund in FAMI even if you’re overseas, just visit their website for more information: fami.com.ph
I only spent P10, 000 pesos in January 2010 and so far as of this writing, the earnings is at 15% or equivalent to P1, 500. I didn’t do anything just open a mutual fund account and entrust my money on it and now there’s a P1,500 clean profit after 6 months. Imagine about it, supposed I spent P100, 000, how much is my current earnings at 15% return percentage. It’s P15, 000. That’s more excellent profit than savings account or time deposit.
The good thing about purchasing in mutual funds is that you invest a single time and you’ll just anticipate for it to increase its NAVPS. You can’t control it since only the mutual fund manager has the access to your funds. He’s the one that will purchase or sell shares of stocks, bonds or other securities. Investing in mutual fund specifically on equity fund is just like investing in stock market secondhand.
A word of suggestion: study first before you invest in mutual fund, and money invested in mutual fund is NOT covered by insurance from PDIC.
Gil Tenorio is a personal finance blogger who likes writing on financial management, saving, investing, stocks, mutual funds and earn money online. To get more informations on Mutual Fund Philippines, you should go Financial Management blog for more articles on financial management, saving, investing and online money making.
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