Category: Family

PRESS RELEASE: FAMI launches First Metro Consumer Fund

First Metro Asset Management, Inc. (FAMI), the fund management subsidiary of First Metro Investment Corporation, has officially launched its newest mutual fund, the First Metro Consumer Fund, which tracks the performance of the First Metro Index on MSCI Philippines IMI (First Metro Index). The First Metro Index was developed in partnership with globally renowned index provider MSCI, Inc. and launched in 2017.

FAMI president Augusto Cosio, Jr. said, “The First Metro Index, which we created with MSCI, Inc., is meant to help Filipino investors multiply their investments with the guidance of a benchmark that captures the Philippine consumption-led growth story. With the rollout of the First Metro Consumer Fund, they now have a tangible investment product to go to where they can benefit from the superior returns brought about by the robust Filipino household expenditure pattern.” Continue reading PRESS RELEASE: FAMI launches First Metro Consumer Fund

7 Great Reasons To Invest in Hospital Stocks

In one of our previous articles, we mentioned some few urgent reasons why you need to get a health insurance the earliest time possible. One of them is that a critical illness can shatter your or your family’s financial future.

In one of the stories illustrated in the article, my friend’s uncle, whom he considered as strong as an ox – suffered from a heart attack in early 2017, which required immediate angioplasty.  Unfortunately, his uncle died after only a week in the hospital. The sad thing is that his hospital bill totaled around P1M. To make things worse, his uncle did not have life insurance. 

This sad event forced his surviving family members to cough up as much cash as they can and had to issue a promissory note for hundreds of thousands of pesos to the hospital.   Continue reading 7 Great Reasons To Invest in Hospital Stocks

7 Financial Pitfalls to Avoid When You’re Middle Aged

Middle age can mean different things to different people. To some it comes with greater stability, to others it could involve shifting careers or getting divorced. You may have to start preparing for retirement while still not feeling ready to leave the workforce.

It is a unique phase of life, and you’re somewhere between youth and old age. Middle age can bring some unique financial challenges with it. How well you are prepared for these can put you on the path towards a secure future or complete downfall.

Here are 7 pitfalls people at this stage of life experience and ways to avoid them. Continue reading 7 Financial Pitfalls to Avoid When You’re Middle Aged