what do you think about "Mutual Fund"?

Philippines
June 13, 2011 10:31am CST
Hi guys and gals! How are you doing? Anyways, just last night, I became interested in engaging into mutual fund... What do you think about that? Is it a nice investment? The interest is better than the small interest am getting with personal bank account. Anyone has this? What are the things I needed to know? Things that agents would not tell or reveal to me... Any risks or disadvantages? I actually need some more details. Thanks all information will be greatly appreciated.
6 responses
@Angelgirl16 (2177)
• United States
14 Jun 11
I have investing in mutual funds for many years now and I find, like everything else that is important you should do your research first and learn all you can about the companies that the mutual fund holds. The advantage of buying mutual funds is so you would not have to buying individual stocks of this company and/or that company, however you need to know how the companies are doing financially. You should also be concerned about the management fees that the stock broker will be charging you. And get familiar with terms such as no-load,load, front-in, and back-in. Once you know a little or a lot more about mutual funds I think you will enjoy investing in the stock market. Be careful it can be addictive;there was a time when I woke up just to read the Wall Street Journal.
• United States
14 Jun 11
Sorry for the duplicate entry.
@rakittera (803)
• Philippines
13 Jun 11
Investing in mutual funds is good especially if you have money to spare and money that you would want to spend on investments. Of course, you'll earn more in mutual funds than in your personal savings. But you have to be careful in choosing the companies you'd like to invest in. You have to check the records of your fund manager. If the record is good, chances are there are lesser things to worry about. You just invest your money, sit back and relax and wait for at least 10 years before you can actually feel the fruits of your labor. That's the catch, by the way. If you want to earn in mutual funds, it's a long-term investment and you can't just pull out your money anytime you want. There are lesser risks in mutual funds though than investing in the stock market, especially if you have little knowledge in investing. A friend who's also an agent said that if you invest in mutual fund, just give your money and forget about it for the next 5-10 years. Then you'll be surprised at the results.
• Philippines
14 Jun 11
Hi rakittera! Where you from? Are you from the Philippines too? can you suggest any good companies to invest with? What do you think about AXA? Are you into mutual funds too?
@exkrima (292)
• Philippines
9 Aug 11
I also invest in Mutual Funds since I am still in my young age I prefer High Risk, High Return. So I put my Funds in Equity. If you are low risk type or person you can choose bond. Bond is a low risk low return bond. If you invest it just put it there for a couple years assuming that the company you invested is a trust worthy and good performer for a couple years. You may need to check the background first before you put out your cash. But overall it is a good place to park your money rather than a bank. Good Luck!
@murkie (1105)
• Philippines
14 Jun 11
generally, a mutual fund is much better than a savings account since it MAY generate a higher rate of return. though this may not always be the case. two things to consider most are money to invest, and the fund manager. as a rule of thumb, you must invest only what you could do without, something you could lose yet you could still afford to eat. as for the fund manager, choose someone you are confident with. i was in a mutual fund once. but my index isn't improving even though the general economy is rising. so i had the thought that maybe there's something wrong with the fund manager. this has gone quite some time, despite the positive reports from the investing company. i ended up withdrawing my account and planned to invest it myself via online. at least i get to choose in which company to put my money in.
@Angelgirl16 (2177)
• United States
14 Jun 11
I have investing in mutual funds for many years now and I find, like everything else that is important you should do your research first and learn all you can about the companies that the mutual fund holds. The advantage of buying mutual funds is so you would not have to buying individual stocks of this company and/or that company, however you need to know how the companies are doing financially. You should also be concerned about the management fees that the stock broker will be charging you. And get familiar with terms such as no-load,load, front-in, and back-in. Once you know a little or a lot more about mutual funds I think you will enjoy investing in the stock market. Be careful it can be addictive;there was a time when I woke up just to read the Wall Street Journal.
@bounce58 (17527)
• Canada
13 Jun 11
If you go to your regular bank, they usually have an investment group that deals with mutual funds. If you want somebody to explain it to you, then they are usually a good resource. They want your business, so they are usually more than willing to explain it to you. They would also be able to identify what kind of investor are you, and then pick which mutual fund is suited for you. If you have money to spare, just set it up to make a regular contributions.