My First Missed Opportunity in Mutual Funds

mutual fundBack in 2008, I was introduced by my former boss into mutual funds.  That was the first time I’ve heard of such a thing.  Before that, he told me that he will share something about investment. The first thing that came into my mind was the stock market.  I was surprised when he told me things about mutual funds.  My first question was, “What is that?”

I was introduced into something which was very new to me.  I was not prepared for that.  I don’t even know about Philequity.  Which at that time, or even up to now, is the #1 Mutual Fund company in the Philippines.

So since I really wanted to try something new during that time, I opened up an account. I was told to open up an equity fund.  Whatever it is, I listened to him knowing fully well that as my former boss, he will never do such a foolish thing to me. I later learned that an equity fund invest 90% of the fund in equities and 10% in government securities. I will have a separate post regarding mutual funds and its different classification.

 Moving on,  I shelled out P5,000.00 as the minimum initial investment.  If I remember it right, the NAVPS of the fund during that time was 10.7.  After opening the account, I never tried to add up to my investment.  As the price went down to 7.5, I was discouraged.  I’ve seen my money went down from the initial fund value.  As it recovered back and reached P20/share, I decided to sell all my shares.  Somehow, I was able to double my money.  Doubling my 5,000.00 to up to 10,000.00 doesn’t even made me excited to keep going.  Instead, I kept on living from paycheck to paycheck.  My financial situation was in total disarray.

Fast forward, after reading the Simplify book series of Bro. Bo Sanchez, that’s when I realized that I am a fool.  I allowed an opportunity of a lifetime in the form of Philequity, to slip through my hands.  Now, the NAVPS of that same fund is 34.6.  The NAVPS trend makes me say tsk, tsk, tsk. :-(.  See the uptrend from 2008 to 2015? 


Reading inspirational books made me decide that I must shape up or else my future will be compromised. I know it’s somehow late in getting my hands wet in the world of investments, but I am sure that it is not too late.


Author: angeluy32

I'm a guy who really would want to try my hand into blogging. Ok, maybe I'm a frustrated blogger. But I would like to see if I can get something out of this stuff. I get inspired by stories of people who were able to achieve success (new careers, financial stability, financial freedom, etc.) because of blogging. I admire people who are experiencing personal success in blogging which made me decide to give this a try and write my own personal success story. :-)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s