In my old post, I wrote there how to buy First Metro Asset Management, Inc. (FAMI) mutual fund via Metrobank Direct. You can see that post here.
To give you some update about my FAMI investing, I bought additional shares of FAMI Save-and-Learn Equity Fund (SALEF) last Thursday through Metrobank Direct.
Good thing about mutual funds and stocks these day is that you can invest in it even you’re located abroad, away from the Philippines. However, there are some requirements that you should have like Metrobank Internet banking, a FAMI account and enough money to buy additional shares.
The amount of shares is not that big, it is only P10,000. The important thing for me now is to acquire shares little by little. Actually, you can buy additional share of mutual fund for as low as P1,000. Yes, that’s true.
During the initial opening of your FAMI mutual fund account, you need P5,000 minimum initial investment. Afterwards, you can buy shares with minimum investment of P1,000.
When I started buying SALEF during January 2010, the price (NAVPS) is only 2.1361 but as of September 13, 2012, its now 4.5121. The increase in price is about 211% after 2.5 years.
If you have invested 1 million pesos during 2010 in SALEF, the amount of money you can get now is approximately 2,110,000. The rate of return is really, really good unless there’s a major economic problem like in 2008 which is very seldom to happen.
Why I’m sharing this? The main reason is to encourage you to invest in mutual funds because it has a lot of potential to give you the highest return with very minimal effort on your part. You don’t need to study technical or financial terms to be able to invest in mutual funds.
I just want to let you know that I’m not paid by FAMI or any company about this article. I just want my visitors and subscribers to share them this information so you can also take action. After all, it is your money that you will use.
Grab My FREE Newsletter!
If you haven’t subscribe yet to my blog and you want to learn more about how to make money online, stocks, mutual funds, choosing the right investment, increasing your income and a lot more under the sun.
Just subscribe to my newsletter by entering your email below. Don’t worry your email is secure and you will not receive spams. Thanks!
Image Source: FreeDigitalPhotos.net;