HELP!! INVESTING YOUR MONEY!!

[Soggy]

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mr suavi.

This is my first year in investing in mutual funds and losing capital in mutual funds is VERY real. If you are presented with pretty figures, take it with a grain of salt.

This is my experience so far and ive simplified it.
It works by having your captial divided by the price per share (NAV) minus "sales load" (from my experience, this is about 0%-6% of your total capital as payment for the fund managers). So if you have 1 million, the price is 2.00 and the "sales load" is 5%, you end up with
php 1 million - php 50,000 (sales load of 5%) = php 950,000
@2.00 per share, your php 950,000 becomes 475,000 shares.

with the comming days, if the shares jump to 3.00, you end up with php 1,425,000.
if it drops to 1.00, you end up with php 475,000.

There are some varieties of the "sales loads" which you will need to ask the agent so you wont be surprised at the deductions.

Now to vent my frustration.
My bad experience is with AXA's variable life insurance (this is their fancy term for mutual funds with a life insurance rider). Na wipe out tanan nako profits for this year and ni negative pa gyud. I have no choice but to wait it out and hope i can still make out a decent profit, after which, i will put my money elsewhere. My loss right now is about 8% na (it may even be more kay way klaro ang ako number of shares). Sayang kaau i-widthraw kay incurred na ang loss.

I am fully aware that i can and will lose money in this venture. My dissapointment is that when i ask for preformance figures, im only given the numbers that make them look good. Even worse is that up until now, my number of shares from the fund transfers are all wrong. I cannot make estimates as to the profits and loss because of this. Asking for updates take a long time kay i agi pa sa "manila" and i am not assured that the figures ill be getting then is correct. Even my agent cannot explain why the figures came out the way they are now. Even the person he asks over the phone cannot explain why and tells me that those figures are internal and not for my eyes. I wait again for the updates from "manila".


Not all mutual fund companies are bad mind you. I also have one with sunlife and I am pleased with their performance even with the turmoil happening. At one point it dropped to 0% profit but bounced back. im still at 4%-5% profits since early this year. Its still a bit far from their performance last year but im optimistic for november and december. Just no guarantees though.

Someone also told me nindot daw and philam pero im not open to investing more into mutual funds anymore.


Zirv is right. Now is not the time to play but if you can time it right, you can buy when the prices are very low. Just hope it doesnt get any lower than your buying price. hehe.

[genpad]

ok , im getting alot of inputs, but still lacking, naa moy books ma recommend about this?>

Pera Mo Palaguin Mo! Book 2 by Francisco Colayco. It talks about personal finance, and naa pud about mutual funds! :mrgreen:

[circles122345]

hadloka pod ana oi...masipsyat pwak deretso..

[mr.suavi]

much a tnx.. lisud pud d i noh?? samot pajud kong wrong info ge hatag sa agent..
so where to find a reliable source for figures??

mora sad nig sugal da.. pero timing-timing lang og dunai math sad
lisuda sad pag timing anang makapalit kag barato wui.. nya hulat pud kanus-a mo saka ang presyo..

mga pila kaha ka months mo ubos ang price og mosaka pud?? depende ba na dagan sa philstocks?

[bojams]

Is equity still down these days?

[vin-saint]

Bro be careful with mutual funds and UITF's... make sure that if u invest in this portfolios you have extra cash and don't depend on this too much coz this type of investments are considered low risk against the stock exchange but still it's no guarantee that you'll never loose. Last year we lost 360K in a matter of 6+ hours due to the fluctuating UITF / mutual fund investment portfolio. Don't just intrust to anyone or any corporation your hard earned monye if you don't know the ropes. Their are websites that can help you learn more. Invest your time first in financial knowledge. Their are no short cuts in gaining resources.

[genpad]

Bro be careful with mutual funds and UITF's... make sure that if u invest in this portfolios you have extra cash and don't depend on this too much coz this type of investments are considered low risk against the stock exchange but still it's no guarantee that you'll never loose. Last year we lost 360K in a matter of 6+ hours due to the fluctuating UITF / mutual fund investment portfolio. Don't just intrust to anyone or any corporation your hard earned monye if you don't know the ropes. Their are websites that can help you learn more. Invest your time first in financial knowledge. Their are no short cuts in gaining resources.

what company did u invest ur 360k?

[trojanguy3]

woahhhhhhhhhhhhh , sigh, i thought ma ganahan ko mu invest ani, murag daghan man og risk oi

[epson]

wwwwhhhhhhhaaaaaaaahhhhhhh....
salamat jud kaau Soggy for sharing your experience with AxaLife, sus padong nabay jud unta ko mo invest nila...

[epson]

mao jud mga investors my opinion is if you cannot control your portfolio now a days DONT invest in such right now esp. mutual funds. Not to the bias that i trade in the stock market but the Power that you have to dictate your money is pretty much needed today.

for me kailangan ikaw mismo ang naay direct control sa imong money karong panahuna if mo invest mn kaha ka in such ventures. In stock market (although im not here to promote) in my experience gives you direct control of what you want regarding your money's drive, although u can never predict the market 100%, sometimes 80% okay nah.. Knowledge is also key and timing is everything. They say these days is not a good time to invest, but if you are Knowledgeable enough to ride the waves then its up to you. While in the meantime if you are in doubt you can always use this time to learn the depth of the venture and maybe you'll find other more stuff that is supplemental to your quest to richness.