Personal Development, Business, Finance, and Investing for Everyone
An investment in knowledge always pays the best interest.
Saving money is wise, but investing it is profitable.
I received this message from Zoey Ann Wu via Facebook, asking where to go if you want to invest in mutual funds. Maybe you can relate.
But before answering her question, let me first discuss what a mutual fund is.
What is a Mutual Fund?
It is a pooled fund with affordable investments, invested in a basket of securities, professionally managed by a fund manager, and instant-diversified.
What are the types of Mutual Funds?
Invested in individual stocks listed on the Philippine Stock Exchange.
Equity Index Funds
Invested in stocks that are components of the PSEi (30 blue chip companies).
Invested in bonds issued by corporations (commercial papers issued by reputable companies in the Philippines) and such as treasury notes issued by the Philippine government.
Invested in a combination of both individual stocks and bonds.
Money Market Funds
Invested in short-term time deposits, corporate bonds, and government securities.
How do I earn from Mutual Funds?
A mutual can make money from its securities investments in two ways:
Where can I open an account to start investing in Mutual Fund?
Mutual Funds are offered by companies like Sun Life, Philam Asset Management Inc., and many more. I am investing in mutual funds through COL Fund Source of COL Financial Group, Inc.
Here are the mutual fund companies in the Philippines under PIFA (Philippine Investment Funds Association)
For latest NAVPS/NAVPU (Net Asset Value Per Share or Net Asset Value Per Unit) Performance, visit this link from PIFA's website.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.