When I returned to Philippines from South Korea last January 2010, I made it sure that I can start a mutual fund account as one of my investment for working overseas. I like my money to labor for me just what financial guru is teaching like Robert Kiyosaki and Francisco Colayco. Actually, before I went on holiday at that time and some months before, I’m studying which mutual fund I will purchase. I believe mutual fund is one good investment for OFW.

So I studied in the world wide web about the accomplishment of mutual funds in the Philippines. I read blogs often dealing with mutual funds so I will have sufficient experience and strategy in investing in it. I became interested to First Metro Assets Management, Inc. (FAMI) and chose it because it is reinforced by Metrobank which I think has a good management; it has low NAVPS (net asset value per share) and good return based on their previous performance in the previous 4 years.

When I opened my account in FAMI, I came to their company in PSBank building along Paseo de Roxas Avenue in Makati. I brought all the requirements which I obtained from their website. It took only less than 30 minutes for the application to be processed and accepted. There are no hassles and the customer agent was very nice. She helped me to choose which kind of mutual fund appropriate for my investment principles.

In fact, when you opened for FAMI mutual fund account, you will be handled a group of questionnaires and based on your answers, the client agent will determine your score with corresponding kind of mutual fund suited for you. You can also inquire mutual fund in FAMI in spite of if you’re overseas, simply go over to their website for more information: fami.com.ph

I only invested P10, 000 pesos in January 2010 and so far as of this publication, the earnings is at 15% or equivalent to P1, 500. I didn’t do anything just open a mutual fund account and invest my money on it and now there’s a P1,500 clean gain after 6 months. Imagine about it, assumed I invested P100, 000, how much is my current profit at 15% return percentage. It’s P15, 000. That’s more excellent earnings than savings account or time deposit.

The good thing about purchasing in mutual funds is that you invest once and you’ll just wait for it to increase its NAVPS. You can’t manage it since only the mutual fund manager has the access to your funds. He’s the one that will purchase or sell shares of stocks, bonds or other securities. Investing in mutual fund particularly on equity fund is just like investing in stock market secondhand.

A word of suggestion: study first before you entrust in mutual fund, and money invested in mutual fund is NOT accounted for by insurance from PDIC.

Gil Tenorio is a personal investment blogger who likes writing on financial education, saving, investing, stocks, mutual funds and earn money online. For more details on Mutual Fund Philippines, you may go Financial Management blog for more articles on financial planning, saving, investments and online money making.