People who have been introduced to stock market investing recently have started to be exposed and be curious about other financial instruments available in the country for ordinary citizens today. Among these investment vehicles, the mutual funds and UITF’s (unit investment trust funds) have garnered the most popularity.
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It’s the other way around for me since I invested in mutual funds first before deciding to put my money directly in the stock market years back. It is actually the “cornerstone” in my current mission to help people achieve their financial goals and eventually become financially independent in the near future.
Let’s go back to basics once more and see if mutual funds or UITF’s are the best investment vehicles to ride in to achieve your financial goals. Continue reading Which Mutual Fund or UITF Should You Invest In?
I will be posting today a Q&A posted at the Ask The Experts section of the OFW UsapangPiso Facebook group instead of my usual posts.
In this section, members can submit questions to the forum’s panel of renowned financial and life planning coaches, investment experts, and successful mentors. The answers are then published in the section as a reply.
I believe a lot of OFW’s will surely relate to this question addressed to Fitz Villafuerte by a a couple of OFW forum members. Continue reading On Yen, Investing and Insurance
My mother used to work as a clerk for a Chinese businessman in Binondo back in the early 70’s when she was still single. But she decided to stop working when she met my father until they got married in 1975. Given the very short time that she spent for working, she did not get to contribute that much for her Social Security.
Fast forward to 2012, my mother asked me if she could continue to contribute to SSS so that she could receive the pension when she reaches her retirement age. After giving her a computation on how much (little) she could get from SSS, I convinced her that she should not rely her retirement years from SSS alone.
In fact I told her that it would be better to allocate a portion of the money I’m giving her on a monthly basis and the profit she is getting from her small business of made-to-order delicacies to invest in the stock market.
And so she did in December 2012. Continue reading My Mom’s Investing in the Stock Market