Hey Pilipinas, mag-invest ka!

With the stock market reaching the 5,000 level, this is just an indicator that the Philippine economy is booming!

My message is for those who wants to get into “investing” but don’t know why.

If you doubt your technical knowledge about stock market and like to take caution, but still want to put your hard-earned money/savings into stock market, try to invest in mutual funds.  Your money will be handled by fund managers, so the only thing you got to do is deposit your money there.

I am investing in a mutual fund of First Metro Asset Management Inc. (FAMI).  It is a sister company of the Metrobank Group.

Why invest in mutual funds? Why not in banks?

Well, here are FAMI’s net asset value for the following dates:

For Equity Funds:
March 13, 2012:  4.2191
March 14, 2012: 4.2717
% Profit in 1 day: 1.25%

For their Balanced Funds (this is a mixture of equities and T-bills):
March 13, 2012:  2.3783
March 14, 2012: 2.4025
% Profit in 1 day: 1.02%

Amazing, isn’t it? The % of profit you earned is way better than banks that give us 0.75% income a year!

How’s so far my investment in them?

It’s increasing! (But I tell you, I also experience “drought” a few months ago when the stock market was down.)  But I am an investor who is forward-looking.
I’m looking at 5 years from now, 10 years from now, 20 years from now, 50+ years from now.

Check FAMI’s website.  Look at their prospectus (a.k.a. Agreement prior to entering into the mutual fund investment). Learn. Digest every word.  Even if it’s 20+ pages, read, read and read! After all, it’s going to be your money that you will invest. Take charge of it!  As foreign investors invest in our country, we, the local native ones, must invest, too! After all, it should be: “Tangkilikin ang sariling atin.”

Keep learning and keep moving forward!

Cheers,
Lyn-Lyn \(“,)/

PS 1: This post is NOT sponsored by FAMI.  I’m just letting this out because I have investment in them. You can refer to other mutual fund companies, too. There are plenty of them. Refer to my Helpful Links. :)

PS 2: This is just a quick blog entry.  Apologies if there are wrong grammar above, have not reviewed them. (I’m rushing. hehe. Got to check out from the hotel now.) ^_^

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UPDATE:

As at March 16, 2012, the net asset values are:

For SALEF (equity fund): 4.3529.  The % profit if you start invested March 13, 2012 is 3.17%.
For SALBF (balanced fund): 2.4306.  The % profit if you start invested March 13, 2012 is 2.20%.

Yipeeeeeeeeeeee!   When is the right time to invest? Now. :)