Mutual Funds

[skicker]

Heck, I'd be more than happy with 20% a YEAR. Let me know if you REALLY can make 20% a month. I am willing to put my retirement money on the line. Thank you and goodluck.

 

 

Friend, if you are making 20% per month.  i am interested to invest.  Can you advise me on what you invested in. 

 

thanks a lot

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[bRIX]

i'll be trying out philequity by september. wish me luck.

[bRIX]

17-Aug 05 16-Aug 05 15-Aug 05 12-Aug 05 11-Aug 05

 

NAV per share 6.8891 6.9199 6.8319 6.9652 6.9318

YTD Performance 6.85% 7.33% 5.96% 8.03% 7.51%

% Daily Change -0.44% 0.14% 0.19% 0.48% 0.43%

PHISIX 1,985.10 1,993.58 1,974.83 2,038.10 2,023.70

% Daily Change -0.43% -0.62% -0.04% 0.71% 0.66%

YTD 8.90% 9.37% 8.34% 11.81% 11.02%

[financial advisor]

NAVPS Performance (as of 8/22/2005)

 

http://www.icap.com.ph/factsfignavps.asp

 

PHISIX DOWN again, -2.96 to 1963.37

[financial advisor]

just wana share some thoughts on DOLLAR COST AVERAGING or simply "cost averaging"...-method of accumulating assets by investing a FIXED AMOUNT of dollars or pesos in securities at SET INTERVALS(monthly,quarterly,semi-annual,annual). The investor buys more shares when the price is low and fewer shares when the price is high;the overall cost therefore is lower than it would be if constant number of shares were bought at sest intervals(compare it to buying stocks using min lot size).

 

 

it is widely used already in the US unlike here in the Phil, where Filipinos lack financial knowledge and options on where to invest their money. When they think of saving, sa banko kagad ang iniisip nila. Also, in general, it is diffucult and it takes discipline to save REGULARLY.

 

any thoughts or any ppl out there who has mf accounts that do DCA?

[warhead]

just wana share some thoughts on DOLLAR COST AVERAGING or simply "cost averaging"...-method of accumulating assets by investing a FIXED AMOUNT of dollars or pesos in securities at SET INTERVALS(monthly,quarterly,semi-annual,annual). The investor buys more shares when the price is low and fewer shares when the price is high;the overall cost therefore is lower than it would be if constant number of shares were bought at sest intervals(compare it to buying stocks using min lot size).

it is widely used already in the US unlike here in the Phil, where Filipinos lack financial knowledge and options on where to invest their money. When they think of saving, sa banko kagad ang iniisip nila. Also, in general, it is diffucult and it takes discipline to save REGULARLY.

 

any thoughts or any ppl out there who has mf accounts that do DCA?

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What made you think that Filipinos are not financially sophisticated . Do not generalize that Filipinos lack financial knowledge. Do you even know what you are talking about? With cost averaging, buying more shares when prices are low and buying less shares when prices are , what you get is nothing ..zero. Assuming a flat fluctuation of +2 and -2, you get zero returns. If the market is going down, you are in fact averaging down, which is a financially suicide, and the usual advice given by stupid financial advisors to amateur investors.

 

What you must do is wait for a market rebound and when indicators confirm an uptrend, average up. Meaning buy high, and sell higher.

 

Another piece of advice to fellow forumers, if you want to learn stock trading. You should buy the shares directly and not the mutual fund. There will be pains but you gain the experience and knowledge to succeed in the stock market. Read books on stock markets ( Expensive if new, butI usuallly buy them at second hand booksales).

[financial advisor]

What made you think that Filipinos are not  financially sophisticated .  Do not generalize that Filipinos lack financial knowledge. Do you even know what you are talking about? With cost averaging, buying more shares when prices are low and buying less shares when prices are , what you get is nothing ..zero. Assuming a flat fluctuation of +2 and -2, you get zero returns. If the market is going down, you are in fact averaging down, which is a financially suicide, and the usual advice given by stupid financial advisors to amateur investors.

 

  What you must do is wait for a market rebound and when indicators confirm an uptrend,  average up. Meaning buy high, and sell higher.

 

Another piece of advice to fellow forumers, if you want to learn stock trading. You should buy the shares directly and not the mutual fund. There will be pains but you gain the experience and knowledge to succeed in the stock market. Read books on stock markets ( Expensive if new, butI usuallly buy them at second hand booksales).

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your thoughts are appreciated, thank you for your insights. dca is a long term tool to "minimize" or "average out" the fluctations of the market. It is true that if the market is down and you are averaging down, but the key point is that if you invest regularly over the long term, you would have lessened your losses and maximized you gains compared to just investing one time and watch it over the years. If you want to learn about stocks, yes do your research and educate yourself about stoccks. And if you want to learn about mutual funds, find out and educate yourself about mutual funds.

[financial advisor]

A MUTUAL FUND is a fund that pools all the investors money(investments) to a "mutual" or common goal-which is to make more money. How?A professional FUND MANAGER invests the money in different investment vehicles(whether stocks, bonds, t-bills, notes,etc.). The set of all investment vehicles inside the fund compromise the PORTFOLIO of the fund and the fund manager also decides how many or how much he will allocate the money of the investors to achieve the "mutual" goal.

 

 

The mutual fund being a money-making entity is also a company and issues shares so more people can invest. You buy a share of it at price of how much the mutual fund is worth at the time you invest. The price of a mutual fund share is its net asset (total assets less total liabilities) divided by the number of shares outstanding. This figure computed and published daily, is the mutual fund’s Net Asset Value Per Share (NAVPS).

 

 

The mutual fund itself does not mature and has no term, nor does it earn iterest. BUT the PORTFOLIO(bonds, t-bills, notes, etc.) inside it does(depending on the maturities of the bonds,t-bills,notes, etc.). GAINS/EARNINGS are measured by YIELDS (1-yr.3-yr,5-yr returns..) The yield measures how it has gained over time. The yield is NON-GUARANTEED. Meaning, it is NOT a fixed rate. BUT on the other hand, the yield is TAX-FREE under the Comprehensive tax Reform Package. This is to encourage Filipinos to invest in mutual funds. The real measure of the performance of the fund depends on how good the FUND MANAGER is. The historical performance of the fund over the years tells you if you really can entrust your money to the fund manager. But remember that past performance is not indicative of future performance.

 

 

What is the catch? Since you have the expertise of a fund manager to monitor the portfolio for you, buy and sell the securities, do the investing, make sure that the fund is actually earning, the fund manager is paid through the SALES LOAD. The sales load is the cost of managing the fund, cost of marketing, and other expenses that are needed maintain the mutual fund company like any organization. It is a percentage (%) of you investment and depends on what kind of fund you want to enter.

 

In the Phil. there are 3 basic types of mutual funds.

1. Equity Fund-portfolio is mostly Phil. stocks or equities

2. Equity and Bond Fund(commonly called "BALANCED" Fund)-portfolio is combination of stocks and bonds(corporate and gov't)/government securities

3. Bond Fund-mostly government securities.

 

People who enter or invest in mutual fund have the following INVESTOR PROFILES:

1. Aggressive-people who are risk takers

2. Moderate-people who can tolerate a moderate risk

3. Conservative-people who are risk averse

 

 

I hope this helps.... IF you have any further questions or if you want to set an appointment for a FREE presentation, you can send me a PM or email me at jem.bacalzo@philamfinancials.com

[bRIX]

@financial advisor

 

how much does philam charge in a mutual fund account?

[financial advisor]

@financial advisor

 

how much does philam charge in a mutual fund account?

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THere is no annual charge or maintaining fees in a mutual fund account, but there is however a SALES LOAD or ENTRY FEE whenever you invest. For the Strategic Growth Fund Fund it is 5% of your investment(both initial and additional), the Balanced Fund is 3% and Bond Fund 2%. The sales load is the cost of managing the fund. The Strategic Growth Fund has stocks in it that is why it has a higher sales load.

[bRIX]

my only available time is during our lunch break (12:00 - 1:00). does your office in salcedo accept clients during that time?

[Guest VO2_Max]

THere is no annual charge or maintaining fees in a mutual fund account, but there is however a SALES LOAD or ENTRY FEE whenever you invest. For the Strategic Growth Fund Fund it is 5% of your investment(both initial and additional), the Balanced Fund is 3% and Bond Fund 2%. The sales load is the cost of managing the fund. The Strategic Growth Fund has stocks in it that is why it has a higher sales load.

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taas naman ng charging mo ah....i was able to get from somebody sa Philam at a lower charge than what your are presenting....

[bRIX]

@VO2_Max

 

how much yung charge sayo?

[financial advisor]

taas naman ng charging mo ah....i was able to get from somebody sa Philam at a lower charge than what your are presenting....

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The sales load decreases as you increase your investment. When you total investments reaches the next bracket, you qualify for the corresponding "lesser" load. For example, if you have 50k and open an BOND FUND account now, the sales load is 2%. If after a month you added another P50k, this additional 50k will get the 1.5% sales load because you have reached the P100k level. Meaning, it is cumulative.

 

 

Philam Bond Fund Sales Load/Front Load

Php5,000-Php99,999 2.00%

Php100,000-$499,999 1.50%

Php500,000-$1,999,999 1.00%

Php2,000,000 & above 0.50%

 

 

Philam Fund(Balanced) Sales Load

Php10,000-Php99,000 3.00%

Php100,000-Php249,999 2.00%

Php250,000-Php999,999 1.5%

Php1,000,000 and above 1.0%

 

 

Philam Strategic Growth Sales Load

Php10,000-Php99,999 5.00%

Php100,000-Php999,999 3.00%

Php1,000,000 and above 2.00%

[financial advisor]

my only available time is during our lunch break (12:00 - 1:00). does your office in salcedo accept clients during that time?

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yes, you can open an account and go directly to our salcedo office. or you can open your account with Philam Financials, through me, at our Salustiana T. Dy office in Paseo(greenblet side)