Investing in mutual funds is as easy as 1-2-3, all you have to do is just make a placement, just like in time deposits. You just leave your money with the fund an continue with your daily routine while leveraging on the effort, time, and expertise of the professional fund managers.
Unknown to many, investing in mutual fund does not require a big amount. To open a mutual fund account, an investor is required to place a minimum amount of Php 5,000. There are other types of mutual funds that require a minimum initial amount above Php 5,000. The amount depends on the mutual fund company and the type. As an example, Philam Strategic Growth fund requires Php 20,000. For Philequity, its Dividend Yield Fund needs Php 20,000 and PSE Index Fund needs Php 200,000 as minimum investment amount.
Php 5,000 is an affordable amount to invest and make your hard-earned money grow. After opening your account, you can do regular top up with a minimum of Php 1,000. Wealth-building is not a one-time process. It takes a lot of sacrifice at the beginning but once you get used to it, you will realize that investing is addictive. It is not the amount but the habit that will help you build your wealth.
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Edmund Lao is a Registered Financial Planner who has a passion to help Filipinos invest and right way and avoid being scammed. He is known by many as the “SCAMCROW” loved by investors feared by scammers. His passion is to save Filipinos from scams and teach them to invest properly in stocks, bonds, and mutual funds. He owns the website wealth-wonder-boy.blogspot.com.
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My 2nd book Stock Smarts: Winning Strategies is now out! Click the Link to Register and Order.
If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events
- January 31st Stock Smarts Bascis: Manila
- January 31st How to Find The Perfect Timing in Buying and Selling Stocks (afternoon)
- February 7th Stock Smarts Cebu: Technical Analysis
- February 12th Technical Analysis: Chart Patterns and Oscillators (Evening Session)
- February 18th Stocks vs Forex
- February 26th Fundamental Analysis: How to pick good stocks and avoid bad ones (Evening Session)
For inquiries, registration, and payments email: stocksmartsconsulting@gmail.com
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