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 helps Filipinos bridge the financial literacy gap one content at a time by providing insights and tips on budgeting, saving, investing, side hustle and growing your net worth. Aside from this blog she also writes at www.izzaglinofull.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