Philippine Holidays 2010

philippine holidays 2010"philippine holidays 2010"

Reasons Why Mutual Fund is the Best Venture for OFW?

When I came back to Philippines from South Korea last January 2010, I made it sure that I can start a mutual fund account as one of my investment for working abroad. I want my money to work for me just what financial mentor is teaching like Robert Kiyosaki and Francisco Colayco. In fact, before I went on holiday at that time and some months before, I'm studying which mutual fund I will buy. I believe mutual fund is one great venture for OFW.


So I researched in the internet about the accomplishment of mutual funds in the Philippines. I go over blogs often 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 reinforced by Metrobank which I believe has a reliable management; it has low NAVPS (net asset value per share) and good return based on their previous achievement in the past 4 years.


When I opened my account in FAMI, I went to their company in PSBank building along Paseo de Roxas Avenue in Makati. I prepared all the requirements which I obtained from their website. It took only less than 30 minutes for the application to be handled and approved. There are no hassles and the customer agent was really nice. She helped me to choose which kind of mutual fund appropriate for my investment goals.


In fact, when you applied for FAMI mutual fund account, you will be given a group of questionnaires and based on your answers, the customer agent will check your score with matching type of mutual fund suited for you. You can also inquire mutual fund in FAMI even if you're overseas, just go over to their website for additional 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 at all just open a mutual fund account and invest my money on it and now there's a P1,500 clean profit after 6 months. Imagine about it, supposed I invested 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 nice thing about investing in mutual funds is that you invest once and you'll just anticipate for it to build up its NAVPS. You can't manage it because only the mutual fund administrator 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 particularly on equity fund is just like investing in stock market indirectly.



A word of suggestion: learn first before you entrust in mutual fund, and money invested in mutual fund is NOT accounted for by insurance from PDIC.
About the Author

Bert Tenorio is a personal finance blogger who likes writing on financial management, saving, investments, stocks, mutual funds and earn money online. For more informations on
Mutual Fund Philippines
, you should go
Financial Management
blog for helpful articles on financial management, saving, investing and online money making.

ASAP XV D-LITE...(APRIL 18, 2010)

philippine holidays 2010
philippine holidays 2010
philippine holidays 2010