Back 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.
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.