FAMI or COL Financial??? (Beginner’s Alert!!!)January 22, 2014
Good day! As of this writing i just had accomplished one of my biggest decision so far in my financial life. I also crossed out one item from my Personal Goals linked here.
Well Ladies and Gentlemen, i applied for my very first portfolio account, the FAMI Save and Learn Equity Fund! Yehey!!! I just feel so happy for the fact that i was able to do this decision at a young age. Financial education is really something everyone should learn. Save and Invest. I am hoping that my decision will be great though.
Anyways there’s a reason for my title. I have been battling whether to choose to invest on FAMI or COL Financial when i first reached the initial amount needed to open an account. It is a choice between Mutual Fund or Stocks.
FAMI won over for the past week that i have been researching and asking other financial experts around.
- I don’t have any investment background so for a NEWBIE like me, i have to go with a lesser risk.
- There are minimal requirements. 2 valid ID’s and initial deposit and your good to go. Whereas, in COL Financial aside from ID i have to give a billing statement.
- No need for personal application on the office. I will write next the blogpost on how i opened my account in ONE-DAY PROCESSING!!! YAHOO!!!
Izza of SavingsPinay promotes financial literacy for the young and young at heart by providing insights and tips on budgeting, saving, investing and online entrepreneurship. Aside from this blog she also writes at www.izzaglino.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her at firstname.lastname@example.org