Many Pinoys wants to attain financial security.
But, a greater number still don't know how to manage and where to invest their money.
Worse, many are lured to get-rich-quick-schemes and scams which really makes people scared to invest.
But the great news is there are some investment vehicles that we can ride to achieve wealth.
One is the MUTUAL FUNDS,
According to PIFA (Philippine Investment Funds Association):
"Mutual Fund is an investment company that pools the funds of many individual and institutional investors to form a massive asset base.
The assets are then entrusted to a full time professional fund manager who develops and maintains a diversified portfolio of security investments.
People who buy shares of a mutual fund are its owners or shareholders.
Their purchases provide the money for a mutual fund to buy securities such as stocks and bonds.
A mutual can make money from its securities investments in two ways: a security can pay dividends and interest to the fund, or a security can rise in value.
The fund passes any dividends, interest or profits on the sale of its portfolio securities, less fund expenses, to shareholders in the form of distributions. "
Unlike in stock investing that we are the driver/stock investor that will control our funds.
You still need to know out your tolerance for risk and have a wisdom of how MFs earn.
Here are a some things before you get started:
1. Mutual Fund based on integrity, track record of fund manager, time horizon
2. Choose a fund which is directly proportional to your risk profile
3. Know your financial goals.
6. Be patient.
If you do the math, Php1000.00 per month at 12% annual return for 20 years is 1 million. It is 33% per day. :)
Be frugal and observant. Invest in yourself.
Self-investment has the biggest ROI.
for your abundance,
Charlon Elaurza, RCE
founder, Filipino Abundance Mindset
PS. We have a great news for you. Do you want to learn more about finance and investment? You can attend a FREE Financial Seminar in Makati. Click here to learn more. --> SAVING YOUR FUTURE
PS Number 2. Do you want to make millions in stock market and retire a happy millionaire? Watch how Bo Sanchez guides many Pinoys in investing in stock market. Download also his book my MAID INVEST IN THE STOCK MARKET.
Click here to learn more trulyrichclub.com✔✔
PS Number 3. Do you want to LEARN INTERNET MARKETING? Click here to learn more internet marketing 101✔✔