It's been a long while since I posted articles regarding Mutual Funds. Well here is a nice article published in Philippine Daily Inquirer dated July 27 regarding the advantages of investing your money in Mutual Funds over time deposits in banks.
I have been an MF investor myself. I have invested a fairly considerable amount of money in one of the biggest mutual fund/life insurance company here in the Philippines. I must admit that its doing exceptionally well. As I have mentioned before in my past postings, I withdraw my money from a time deposit account and transferred it to a mutual fund investment. The growth of my money that I received from the time deposit account for almost 5 years was no way near the increase that I got for a year investment in MF. Let's say just 5% of the growth of my investment last year when I invested in mutual munds. (not bad huh?!)
I would not divulge the mutual fund company; they have to pay me for that. hahaha!
Anyways kidding aside, here is the article that I have read from the PDI. I will just attach the image that I got from a website as well.. All About Financial Planning
New year, new hope! 2010 is the year of the Tiger! Maybe its your year to be finally financially free or my year or the year for all of us. Who know, right?! That's the beauty of having hope, there is something to look forward to. A fresh start to a fresh year!
I have been busy with my work the past few months. Of course with my family, spending more time with them and enjoying each other. I have also been reading books; programming books for my profession (I am Software Engineer by the way) and business books. One particular book that has caught my attention is the one written by Larry Gamboa - "Think Rich Pinoy!"
Larry Gamboa is one of the financial mentors of one of my favorite authors, Bo Sanchez. In the book the author opens his secret regarding real estate investments and how he found riches in foreclosed properties. By the way Larry Gamboa is a doctor in Business Administration from the University of Michigan.
Travel the road to riches with Larry Gamboa and discover:
- Why most Pinoys are Poor
- The antidote to fear
- The secrets of the rich Tsinoys
- How Pinoys are becoming rich in Seven Steps
