Here’s a great video I found which gives an overview of how mutual funds work and the benefits of investing in it.
It’s a public awareness message created by UBL Fund Managers, and first uploaded through their Youtube channel, Smart Savings TV.
So if you’ve always wondered what a mutual fund is, and why it’s good to invest in them, then this video is for you.
I hope you enjoy watching this quick 3-minute video.
Did watching the video convinced you to invest in mutual funds? I surely hope so.
But before you invest, please keep in mind the following:
First, never invest without an emergency fund. Like all investments, mutual funds carry an amount of risk. It’s still best to have a simple savings account where you can quickly get money from when you need it.
Second, never invest without an objective. Your financial goals will mostly dictate what type of mutual fund you should invest in.
And third, never put all your “extra cash” in just one mutual fund. It’s always best to diversify, so aside from investing in 2-3 mutual funds, you should likewise consider investing in Unit Investment Trust Funds (UITF) and other instruments.
- List of Philippine Mutual Fund Companies
- Investing in Mutual Funds
- Mutual Funds and Unit Investment Trust Funds, What’s The Difference?
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