June 23, 2014
So from this post I have mentioned that I enrolled a FAMI Mutual Fund. The truth is, I wasn’t able to have my initial investment a month after I have received via mail my confirmation receipt. I enrolled the account on the month of February but was only able to top up my investment by the month of April.
Anyhow, for the update on my FAMI account I am doing the Peso-Cost Averaging method of investment. I treat my FAMI account as a regular savings account wherein I invest monthly and don’t miss a single month. This way I know that my money is growing. Thank God I have my Metrobank Direct so it’s easier for me to pay bills.
I also receive a monthly mail straight to my home from FAMI. They give me idea on the Number of Shares that I currently own and the Amount I paid. I collect these mails for future references.
Just for 2months I was able to gain 350pesos to my account. More on how to compute your FAMI investments in my future blog posts. That is almost 5% of my total investment.
I know 350pesos seems so little but knowing the fact that I actually didn’t do anything for my money to grow that much is awesome. No bank can give a 5% gain in just 2 months!
Slowly I am learning my way into the FAMI Portal. I still have a lot of terms to absorb. Stocks has been very new for me but I am believing that it will be all worth it in the end.
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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