Reasons Why Mutual Fund is the Best Investment for OFW?
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When I returned to Philippines from South Korea last January 2010, I made it certain that I can start a mutual fund account as one of my venture for laboring overseas. I want my money to work for me just what financial mentor is training like Robert Kiyosaki and Francisco Colayco. In fact, before 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 great investment for OFW.
So I researched in the internet about the accomplishment of mutual funds in the Philippines. I go over blogs frequently talking with mutual funds so I will have enough experience and strategy in investing in it. I became impressed to First Metro Assets Management, Inc. (FAMI) and selected it because it is backed by Metrobank which I think has a reliable management; it has low NAVPS (net asset value per share) and competent return according 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 brought all the documents which I obtained from their website. It took only less than 30 minutes for the request to be handled and accepted. There are no hassles and the client agent was much nice. She helped me to select which type of mutual fund suited for my investment principles.
Actually, when you opened for FAMI mutual fund account, you will be given a group of questionnaires and according on your answers, the client agent will check your grade with matching kind of mutual fund suited for you. You can also inquire mutual fund in FAMI even if you're abroad, just visit their website for additional facts: fami.com.ph
I only invested P10, 000 pesos in January 2010 and so far as of this writing, the return is at 15% or equivalent to P1, 500. I didn't do anything at all just open a mutual fund account and entrust my money on it and now there's a P1,500 pure gain after 6 months. Think 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 earnings than savings account or time deposit.
The good thing about purchasing in mutual funds is that you invest once and you'll just anticipate for it to increase its NAVPS. You can't manage it since only the mutual fund administrator has the avenue 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 secondhand.
A word of suggestion: study first before you entrust in mutual fund, and money invested in mutual fund is NOT accounted for by insurance from PDIC.
Article Source: Articlelogy.com
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