Archive for the 'Mutual funds' Category

Don’t Put Your Retirement Fund in the Bank

For this post, I’d like to borrow Bo Sanchez’ Chapter 30 story of the ‘8 Secrets of the Truly Rich’ that differentiates the spender from a saver and from an investor. According to that chapter, there were three (3) salesmen, James, Jim and John. The three of them got a big sales and therefore each [...]

What is a Mutual Fund? Is it legal?

Due to insistent public demand and the growing awareness on Mutual Funds, we’d like to elaborate on this topic more. What really is Mutual Funds and why is it making such a big intrigue to a lot of us, having a higher interest rate than the usual bank deposit? Isn’t this one of those SCAMS [...]

Save P1,000 a month and have P1 million in 22 years

If right after graduation, wherein I got my first job I had the discipline to save at least P1,000 a month, I would have only needed 14 years more to have accumulated more than 1 million in savings.