To all of my readers of this blog, I am starting this kind of post to address most of the questions I’m receiving from your comments placed in this blog. For your info, I’m receiving many comments everyday but sadly I cannot reply to all of those comments because I don’t have enough time since I have may day job.
Actually, I’m thinking how to reply for all the comments so I can help and give answers to all the questions posted in this site. So I decided to make a “Question from a Reader” post in order to at least answer some of the typical questions posted in the comment section of this blog.
If you want to ask questions about personal finance, you can use the contact form in the “Contact Us” page. I will do my best to answer your questions by publishing a post in this blog. Be reminded that I am not a professional financial adviser or planner so you may need to consult a one if it really requires you to do.
This post is the first of its kind since the topic came from a reader of this blog. A reader has a question: What is the minimum amount for investing in most of the mutual funds?
To answer the question straight forward, most mutual funds in the Philippines requires an initial deposit of 5,000 to 10,000 pesos. As an example, I started investing in FAMI mutual fund in the beginning of 2010 with an initial deposit of P5,000 for equity fund and P5,000 for balanced fund.
Please take note that I don’t have any connection to FAMI neither I am compensated to promote this mutual fund company. However, I believe this company is one of the best in the Philippines based on their performance for the last five years.
To begin investing in mutual funds and other investments, you should study it first by reading how it works so you can have idea how your money will earn. One way to learn investing is by following this blog or simpy subscribe to this site by entering your email on the top right corner of this site. By subscribing, you will receive every post that I will publish directly to your email.