What is Mutual Fund
Mutual Fund is like investing in stock exchange but since you do not manage your own stock investment, you need to hire a fund manager or fund company that will work for your investment for a fee. The fund manager combines all the investors resources under his account and buy best stocks from the stock market based on their skills and experience. In this case my fund manager is somebody else from FAMI company.
Way back 2011, i pay 10,000 investment for mutual fund under FAMI. Since then the company keeps on sending me the monthly balance from my investment. For 3 years since 2011, i have no updates my own investment due to relationship or mutual fund i entered with Sun Life Insurance and balance fund.
Now that i am reviewing my receipts and found that FAMI mutual fund is very active. The 10,000 pesos investment earn 50% after 3 years of membership.
So in my computation, here are possible scenario for my future investment
| Years | Amount | Percentage | |
| 3 | 10000 | 0.5 | 15,000.00 |
| 6 | 0 | 0.5 | 15,000.00 |
| 9 | 0 | 0.5 | 15,000.00 |
| 12 | 0 | 0.5 | 15,000.00 |
| 15 | 0 | 0.5 | 15,000.00 |
| 18 | 0 | 0.5 | 15,000.00 |
| 21 | 0 | 0.5 | 15,000.00 |
| 105,000.00 |
1000 peso investment in 21 years
This is simple computation and not included the monthly earning or interest since i do not have the idea how much really the computation. One thing is sure i got 5000 earning from my 10K after 3 years. In this simple analysis, i will earn 105,000 if i did not touch my money for 21 years.
Now this is scenario if I invest 50 k on the same 21 years
| Years | Amount | Percentage | |
| 3 | 50000 | 0.5 | 75,000.00 |
| 6 | 0 | 0.5 | 75,000.00 |
| 9 | 0 | 0.5 | 75,000.00 |
| 12 | 0 | 0.5 | 75,000.00 |
| 15 | 0 | 0.5 | 75,000.00 |
| 18 | 0 | 0.5 | 75,000.00 |
| 21 | 0 | 0.5 | 75,000.00 |
| 525,000.00 |
50,000 for me is a huge investment since i am just ordinary employee. But I do really need that 50K during my retirement so i am thinking of investing in the coming days. I just hope my hyundai grace van be sold this coming month for my investment.
How much is the 100,000 investment on Mutual Fund after 21 year of not withdrawing any amount from it. This is actually good retirement money. I started to invest at the age of 36 since my IT skills is just 5 years old.
| Years | Amount | Percentage | |
| 3 | 100000 | 0.5 | 150,000.00 |
| 6 | 0 | 0.5 | 150,000.00 |
| 9 | 0 | 0.5 | 150,000.00 |
| 12 | 0 | 0.5 | 150,000.00 |
| 15 | 0 | 0.5 | 150,000.00 |
| 18 | 0 | 0.5 | 150,000.00 |
| 21 | 0 | 0.5 | 150,000.00 |
| 1,050,000.00 |
Yes I will have 1 Million retirement money. This is good for my retirement budget as I will take time enjoying the final years of existence LOL. Thanks Lord.
However, this morning of Nov 2 a friend of mind and a former co-deped teacher when i was teaching in Minglanilla National Science High School as computer teacher offered me a different investment. An equity fund with death insurance. Based on the table she presented the opportunity is much bigger except minimum investment is 50K.
Looking at the table she provided, on aggressive investment fund that rely on the growth of the country, my 50K one time investment will earn 1M+ after 20 years.
Tomorrow i will visit FAMI office inside Metrobank tower in Osmena Blvd. I will request a computation for 50K investment then i will go back to my co-teacher turn investment agent to present again the printout of the computation so i can compare properly.
By the way, i also have investment or mutual fund from Sun Life. When my car was sold last year i Immediately put the money on Mutual fund. I think i am going to received statement account this January 2013. I am not sure how much it is right now but what i wanted to share is that,
- I should invest earlier instead putting sleaping money at Banco De Oro.
- I should invest to higher earning mutual fund with death benefits. So far I have proof of earning from FAMI
- I should have aggressive and balance investment separately.
Now if you want to invest excess money on mutual fund with death insurance benefits let me know. Call Jobette Escobanas at 09202449658 or email me using contact form below. Let me know if you want to see my investment receipts, earnings, policies and computation.
By the way FAMI
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