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5 Responses to “If for example I invest Php10,000.00 on mutual fund, do I need to pay that kind of amount every month until I stop investing on it?”
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If for example I invest Php10,000.00 on mutual fund, do I need to pay that kind of amount every month until I stop investing on it?
February 1, 2012 | By Fitz | Filed in: Investing.
Nope. You can just do it once. And then wait until you want / need the money before redeeming your investment from the mutual fund company – just make sure the value of your investment is higher than when you bought it. 😀
Usually walang subsequent investment sa mutual fund..like in my case, sa sunlife 5K lang ung investment ko..pero they gave me options on whether i-lock up sya for 5 yrs or ipa-liquidate sya.
Nope. It is your choice whether to make additional investments or not. In most mutual fund companies here in the Philippines, the minimum additional investment amounts only to 1k
Nope – pwedeng 1 time lang na 10k; pwede rin na mag top up ka ng other amount monthly, quarterly, yearly…
Like what everyone else has said, there’s no need to keep putting money into a mutual fund. You just have to worry about any fees if you withdraw your funds from it early.
Your question reminds me about a post I wrote around two years ago. Basically, the point was, since mutual funds can potentially earn more than savings and even time deposit bank accounts, the chances for long-term earnings are greater if you regularly put money into a fund.
http://rico.mossesgeld.com/2010/08/quit-smoking-how-much-money-ill-save/
The caveat: you have to watch how the fund performs closely, so that you’ll know when to put money in, or withdraw it to limit your losses.