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 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