Working has opened my eyes to a lot of things. I loved working, but the problem is, with working, there is a cap on what you can financially achieve for yourself and for your family. Earnings increase only when you get promoted or when you get bonuses. Working for a bank really helped me a lot in seeing the value and importance of saving and investing. We are lucky that there are different kinds of investment vehicles that we can use to grow our funds.
Business is something I want to earn from. Business is a form of investment, but it is an active investment. You need to put in time and effort in order to reap financial rewards. What I like about a business is that the more you put in these things, the higher the likelihood that you will achieve greater financial rewards and there is no ceiling on how much you can earn. I like it also because I know that as I grow older, I want something to keep me busy and something that would practice my brain (too much Grey’s Anatomy! haha!).
But I also use another kind of vehicle that I use for my investments. It’s called Mutual Funds. A mutual fund is an investment vehicle that makes you invest with other people (pool funds together) so that you can invest it on securities such as stocks, bonds, money market instruments and similar assets. What I like about Mutual Funds is that the minimum investment is normally just around Php 5000 and you can just add and add without having to worry about the funds. This is because mutual funds are operated by money managers, whose main responsibility is to manage the pooled funds to help us, investors, earn income from the funds that we put in.
Sounds interesting? 🙂 Lucky for you! You can learn more about Mutual Funds during this one day celebration of Mutual Funds Awareness Week (I didn’t even know this existed until recently!). You can attend the free sessions that will be put up by the Philippine Investment Funds Association or PIFA on April 9, 2016.
All you need to do is to sign up here: http://manilaworkshops.com/events/pifa-mutual-fund-awareness-week-2 It’s free, so why not take advantage of this?
Let’s learn more about Mutual Funds! See you on April 9!