mutual funds | rex holgado | kaasenso | tgfi

TO GROW A SMART CHOICE

YOUR MONEY

REX HOLGADO

Mutual Funds by Rex Holgado

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Copyright © 2013 by Rex Holgado.

Written and Illustrated by Rex Holgado

Disclaimer Every effort has been made to make this e-book as complete and as accurate as possible, but no warranty of fitness is implied. The author shall have neither liability nor responsibility to any person or entity with respect to any loss or damages arising from the information contained in this material.


This is dedicated to people who support one another

To success To greatness To prosperity

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"An investment in knowledge pays the best interest."

– Benjamin Franklin


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o Most of us, putting a portion of our income

into the bank is our sole strategy for

weathering emergencies and meeting our

future needs.

Savings

o Your savings in the bank alone may not be

enough to buy you “financial security”.


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o One of the best solutions is to invest in –

Mutual Funds.

o Fortunately, there are other ways to make

your money grow.


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A Mutual Fund is a pool of funds of many

individual and institutional investors and

invested in diversified portfolio of investments.

What is a Mutual Fund?


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How it works:

o Individual investors, companies, and other organizations

will pool their money and will entrust that fund to a

professional fund manager under a mutual fund

company.

o The fund manager will invest the money to different

investment securities.

o These securities will then generate returns.

o And the returns that will be earned* will then pass back to

the investors.

* Investing in mutual funds doesn’t always guarantee positive returns. Returns may rise or fall, thus investments may gain or lose in worth when redeemed.


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MUTUAL FUNDS


10

of

OF MUTUAL FUNDS

Stock / Equity Fund

Balanced Fund

Money

Market

Fund

Bond /

Fixed-Income

Fund


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OF MUTUAL FUNDS

Stock / Equity Fund

RISK PROFILE:

LOW HIGH

EXPECTED RETURN:

IDEAL FOR: AGRESSIVE, LONG-TERM INVESTORS

MODERATE

WHERE DO THEY INVEST: INVEST PRIMARILY IN SHARES OF STOCK


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OF MUTUAL FUNDS

Balanced Fund

LOW MODERATE HIGH

MODERATE RISK TAKERS, LONG-TERM INVESTORS

INVEST BOTH IN SHARES OF STOCK & DEBT

INSTRUMENTS


RISK PROFILE:

EXPECTED RETURN:

IDEAL FOR:

WHERE DO THEY INVEST:

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OF MUTUAL FUNDS

Bond / Fixed-Income

Fund

LOW MODERATE HIGH

CONSERVATIVE, LONG-TERM INVESTORS


INVEST IN LONG TERM DEBT INSTRUMENTS OF

GOVERNMENTS AND/OR CORPORATIONS

RISK PROFILE:

EXPECTED RETURN:

IDEAL FOR:


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OF MUTUAL FUNDS

Money Market Fund

LOW MODERATE HIGH

CONSERVATIVE, SHORT-TERM INVESTORS


INVEST PURELY IN SHORT TERM (1 YR OR LESS)

DEBT INSTRUMENTS

IDEAL FOR:


RISK PROFILE:

EXPECTED RETURN:

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Is it the right investment for me?

o If you are not a good stock picker.

o If you don’t have the time.

o If you are potential emotional

investor.

So you don’t have to research the fundamentals and

the technical indicators of each of the stock that you

are planning to invest in.

So you would be able to do other important stuffs, might

it be your work or household chores etc.

Some of the stock investors (or traders) lose money

in the stock market mostly beginners because they tend

to be more emotional especially when they see “red” or

when the prices are going down. They lose their

objective and so their money.

In mutual funds, the fund manager wil take care of

choosing the best companies to put your money.

No need keep on eye of the stock price movements in

the stock market from 9:30AM to 3:30PM like those who

are personally buying and selling stocks in the stock

market.

In mutual funds, you’ll be entrusting your investments to

the fund manager who has the full control of your

money and has the expertise to position the investments

according to funds’ objective.


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ADVANTAGES OF INVESTING


MUTUAL FUNDS in

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ADVANTAGES OF INVESTING IN

MUTUAL FUNDS

1. Professional management:

One of the main attractions of mutual funds is that it

affords its investors the services of full-time professional

managers whose job is to analyze the various investment

products available in the market.

2. Low capital requirement:

Direct investments usually require substantial capital. In

contrast, most mutual funds in the Philippines require a

minimum initial investment amount of only Php5,000.00 and

minimum additional of Php1,000.00.


3. Potential Higher Returns:

Very few individual investors can match the experience

and skill of full-time professional fund managers who can

select those that would give the best possible returns.

4. Liquidity:

While the law provides that redemption proceeds must be

given within seven (7) banking days from the date of the

redemption request, most funds are able to pay the

redemption proceeds within a day.

http://www.pifa.com.ph/advantages.html

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ADVANTAGES OF INVESTING IN

MUTUAL FUNDS

http://www.pifa.com.ph/advantages.html

5. Diversification:

investing in variety of assets; here is a saying that goes,

“Do not put all your eggs in one basket.” When people

invest in a mutual fund, they achieve instant diversification.

6. Convenience:

Investment application can now do with the help of

internet and additional investments can now deposit thru

banks’ internet banking fund transfer / bills payment

facilities.

7. Safety:

Mutual funds are highly regulated by the Securities and

Exchange Commission under the Investment Company Act

and its implementing rules.


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A risk management technique that mixes a wide variety of investments within a portfolio so that the positive performance of some investments can neutralize the negative performance of others. It also allows the investor the potential to get higher returns without taking additional risks.

WHAT IS DIVERSIFICATION?


Investment 1 Investment 2

Click the smileys to know your diversification options.

Investment 1

Investment 2

Average

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http://www.youtube.com/watch?v=qwSXAFR1BDU




HOW SAFE IS IT TO INVEST IN

MUTUAL FUNDS?


Mutual Fund operations are governed by the Investment Company Act (RA 2629).

The Securities and Exchange Commission (SEC) sees to it that all mutual funds comply with legal regulations. Moreover, mutual fund companies are regularly audited by an independent auditor. And the assets of the mutual fund are held by a third-party custodian bank.

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WHO IS THE AUDITOR?


The job of independent auditors is to review the financial statements of a company and determine whether such statements reflect the true financial position of that company.

WHO IS THE

CUSTODIAN BANK?

Mutual funds are required by law to appoint a custodian, usually a commercial bank, to hold all the fund’s assets (cash and securities) for safekeeping. receives the certificates of new acquisitions

made by the portfolio manager pays for securities purchased delivers securities sold releases cash to pay fund expenses and accepts dividends and interest payments

from the issuers of securities held in the fund’s portfolio

http://www.rampveradvisors.com/mutual_funds_concept.php

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ARE GAINS IN MUTUAL FUNDS

TAXABLE?


NO.

Mutual fund “gains” are exempted from taxes based on the Republic Act No. 8424 Tax Reform Act of 1997, Section 32 (B) (7) (h) effective January 1, 1998. This was done to promote long-term savings in the country.

Section 32: Gross Income

(B) Exclusions from Gross Income. –

(7) Miscellaneous Items. –

(h) Gains from Redemption of Shares in Mutual Fund. –

Gains realized by the investor upon redemption of

shares of stock in a mutual fund company as defined

in Section 22 (BB) of this Code.

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http://www.gov.ph/1997/12/11/republic-act-no-8424/

http://www.gov.ph/1997/12/11/republic-act-no-8424/

INFLATION OUR INVESTMENTS’ SILENT KILLER


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INFLATION RATE, PHILIPPINES 2006 – 2013 (Sept.)

5.5

2.9

8.3

4.2 3.8

4.6

3.2 2.8

4.4

0

1

2

3

4

5

6

7

8

9

2006 2007 2008 2009 2010 2011 2012 2013 AVE

www.nscb.gov.ph

Inflation As defined by Investopedia, is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.


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http://www.investopedia.com/video/play/what-is-inflation/

How does Inflation affect your

investment?


First, let me put everything in a simple analogy.

Here the plant stands as the investment, the water (or the

nurturing of the plant) stands as the investment return, and

the caterpillar stands as the inflation. As the water (returns

as gains) makes the plant grow, the caterpillar eats up the

plant’s leaves and the plant can either outgrow the

damages done by the caterpillar or it just die.

Same with our investments, inflation can either be

outperformed by the gains of your investments or the

inflation could totally eat up the gains you have earned.

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investment?


Year 1: Year 5:

Let’s see the effect of inflation in the prices of goods.

If the set of goods priced P1,000.00 today, that will not cost

the same after 5 years if our inflation rate is, let’s say – 4%.

If the price of goods increases the actual value of our

investments is also affected.

Do you know how much this set of goods will cost after 5

years ? Do you know how much of these goods’ price

increase will affect the growth of our investments after 5

years?

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investment?


Now let’s see what will happen to your P1,000.00 if you

invest it in an investment instrument with an annual growth

of 10% and how much the set of goods costed P1,000.00

today will then cost after 5 years if the inflation rate is 4%

annually.

1,610.51

1,216.65

1,000.00

1,200.00

1,400.00

1,600.00

1,800.00

1 2 3 4 5

Investment Price of goods

Year

In Pesos

10% annual growth

4% annual growth

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investment?


If inflation was 4% and your investment has an annual return

of 10% then the actual return is 6%. By the Fisher equation

(nominal interest rate – inflation rate = real interest rate) we

see the difference between your investment’s nominal and

real growth. The nominal growth is the growth of the

investors’ money, while the real growth is the growth of their

purchasing power.

So always choose an investment instrument that has a

potential return above the inflation rate.

Real Growth Investment Growth

Inflation

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PESO-COST AVERAGING


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PESO-COST AVERAGING

The Peso-Cost Averaging (PCA) is a time-tested personal

wealth-building strategy that has been proven to work by

investing a certain amount of money in regular intervals

over a period of time. This strategy is as easy as 1, 2, 3:

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STEP 1

How much do

you want to invest

on a regular basis

STEP 2

How often you

wish to fund your

investment

STEP 3

How long do you

plan to invest

For Example

Amount:

Php 5,000

Interval:

Monthly

Time Frame:

10 Years

Click the light bulb above to know more about cost averaging.



PESO-COST AVERAGING

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4

6

1

5

0

1

2

3

4

5

6

7

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Let’s see how important following this strategy is.

The chart below shows the sample NAVPS (or simply the

price per share) of a fund in a year. For example, here you

were able to buy shares every month starting in January

until December in a fluctuating NAVPS.

The highest NAVPS here was in March of P6.00 per share

and the lowest was in August of P1.00 per share.

Assuming that you won’t be needing to redeem your

investments in the very near future, should you be

worried when prices go down and happy when the

prices go up? Find out the answer on the next page…


PESO-COST AVERAGING

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First, to know how much of shares you have bought each

month, just divide your investment minus the entry fee to the

NAVPS [(investment - fee)/NAVPS]. Below, let’s say you

invested P5,000 every month and let’s omit first the

applicable fees to make our computations easier

(investment/NAVPS).

833.33

5,000.00

-

1,000.00

2,000.00

3,000.00

4,000.00

5,000.00

Your total investment in one year was P60,000, and the total

of your bought shares was 20,916.67. You were able to buy

MORE shares when the NAVPS was low and bought LESS

shares when the NAVPS was high. So, regarding to my

question on the previous page, you should not worry but

rejoice at the time you see the prices go down because

you can actually buy “more” shares.


http://www.youtube.com/watch?v=nRUVzSGxC0g

PESO-COST AVERAGING

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Why still use peso-cost averaging if you could make your

investment in lump sum?

PCA strategy works best in investing in an instrument that

has no definite future. It’s still better to use PCA in a volatile

environment like in mutual funds because you will have the

chance to buy more shares when the price per share goes

down like as what I have shown on the table above. PCA

strategy has managed to buy a total of 20,916.67 shares in

one year compared to 15,000 shares only bought in lump

sum in January.

PCA LUMP SUM






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APPLICABLE FEES

A sales charge deducted from the investments of clients

in the fund at the time the investment is made.

For example: You invest P10,000 in a mutual fund that

has a sales load of 2%.

[P10,000 – (P10,000 x 2%)] = P9,800 (your net investment)

o Sales Load

o Exit Fee

o Management Fee

A fee charged to an investor for withdrawing money

from the mutual fund prior to the end of a pre-specified

holding period.

For example: You withdraw a worth of P10,000 in your

investment on the 5th month in a mutual fund that has a

1% exit fee and a holding period of 6 months.

[P10,000 – (P10,000 x 1%)] = P9,900 (net withdrawn)

The fee charged by the company for the management

of the fund’s investment portfolio. This fee is included in

the calculation of the fund’s daily Net Asset Value Per

Share (NAVPS).

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Calculate


Shares & Earnings

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Fund Name: Philequity Fund Inc. Gross Investment: P 20,000

Sales Load: 3.5% NAVPS-to-date: P 30.1851

P 20,000 – 3.5% = P19,300 (net investment)

P 19,300 / 30.1851 = 639 shares (round to the nearest)

Shares

CALCULATE SHARES & EARNINGS

Fund Name: Philequity Fund Inc. Total Shares: 639 Previous NAVPS: P 30.1851

NAVPS-to-date: P 33.1953

33.1953 – 30.1851 = 3.0102 (positive = gain, negative = loss)

639 x 3.0102 = P1,923.52 (9.966% gain from your net investment)

Earnings

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For example: You invested P20,000 in Philequity Fund Inc.

that has a 3.5% sales load and currently at P30.1851 per

share.

For example: Philequity Fund Inc. is now at P33.1953 per

share and your total shares remain 639.

639 (33.1953) – 639 (30.1851) = P1,923.52

or

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TOP PERFORMERS

2009 1. Philequity Fund Inc. +64.99% 2. Philippine Stock Index Fund Corp. +61.93% 3. Philequity PSE Index Fund Inc. +59.17%

2010 1. FAMI Equity Fund Inc. +63.37% 2. Philam Strategic Growth Fund Inc. +55.81% 3. Philequity Fund Inc. +54.25%

2011 1. FAMI Fixed Income Fund Inc. +12.34% 2. Ekklesia Mutual Fund Inc. +10.35% 3. Philequity Peso Bond Fund Inc. + 9.02%

2012 1. Philippine Stock Index Fund Corp. +34.33% 2. Philequity Fund Inc. +33.30% 3. Sun Life Prosperity Phil. Equity Fund Inc. +32.02%

e

e

e

b

e – Stock / Equity Fund

b – Bond / Fixed Income Fund

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IS MUTUAL FUND SAME WITH

UNIT INVESTMENT TRUST FUND (UITF)


?

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Mutual Funds UITFs

Offered By Investment Companies Banks

Fund

Manager

Appointed by the

Investment Company Trust Group of the Bank

Price NAVPS NAVPU

Fees Entry Fee (Sales Load);

Exit Fee Trust Fee

Applicable

Law

“Investment Company

Act of the Philippines” “Philippine Banking Law”

Regulatory

Body SEC BSP

MUTUAL FUND vs

UNIT INVESTMENT TRUST FUND (UITF)

List of all Mutual Funds & UITFs:

http://www.bloomberg.com/markets/funds/country/

philippines/

Mutual Funds and UITFs are both types of professionally

managed collective investment vehicle. Though they are

the same in nature, they differ in some aspects like as shown

in the table below:


?

http://info.bpiexpressonline.com/bpiprod/prodserv.nsf/Investment+Funds/InvestmentQ&A

http://www.sec.gov.ph/laws/pdf/Investment Company Act.pdf

http://www.sec.gov.ph/laws/pdf/Investment Company Act.pdf

http://www.bsp.gov.ph/regulations/laws.asp

http://www.bsp.gov.ph/regulations/laws.asp

http://www.bloomberg.com/markets/funds/country/philippines/



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Stock/Equity Fund

Fund Website

Primarily invested in peso securities

ALFM Growth Fund, Inc. www.alfmmutualfunds.com

ATRKE Alpha Opportunity Fund, Inc. www.atram.com.ph

ATRKE Equity Opportunity Fund, Inc. www.atram.com.ph

First Metro Save and Learn Equity Fund,Inc. www.fami.com.ph

Philam Strategic Growth Fund, Inc. www.philamfunds.com.ph

Philequity Fund, Inc. www.philequity.net

Philequity PSE Index Fund Inc. www.philequity.net

Philippine Stock Index Fund Corp. www.alfmmutualfunds.com

Sun Life Prosperity Philippine Equity Fund, Inc.

www.sunlifefunds.com

United Fund, Inc. www.cocolifefunds.com

Primarily invested in foreign currency securities

ATR KimEng AsiaPlus Recovery Fund, Inc. www.atram.com.ph


? LIST OF MUTUAL FUNDS

ACCORDING TO TYPES

http://www.alfmmutualfunds.com/

http://www.atram.com.ph/


http://www.fami.com.ph/

http://www.philamfunds.com.ph/

http://www.philequity.net/



http://www.sunlifefunds.com/

http://www.cocolifefunds.com/


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Balanced Fund

Fund Website


ATRKE Philippine Balanced Fund, Inc. www.atram.com.ph

Bahay Pari Solidaritas Fund, Inc. www.alfmmutualfunds.com

First Metro Save and Learn Balanced Fund Inc.

www.fami.com.ph

NCM Mutual Fund of the Phils., Inc. www.philamfunds.com.ph

Optima Balanced Fund, Inc. www.myoptimafunds.com

PAMI Horizon Fund, Inc. www.philamfunds.com.ph

Philam Fund, Inc. www.philamfunds.com.ph

Sun Life of Canada Prosperity Balanced Fund, Inc.

www.sunlife.com.ph


Cocolife Dollar Fund Builder, Inc. www.cocolife.com

PAMI Asia Balanced Fund, Inc. www.philamfunds.com.ph

Sun Life Prosperity Dollar Advantage Fund, Inc.

www.sunlife.com.ph



ACCORDING TO TYPES





http://www.myoptimafunds.com/



http://www.sunlife.com.ph/

http://www.cocolife.com/



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Bond / Fixed-Income Fund

Fund Website


ALFM Peso Bond Fund, Inc. www.alfmmutualfunds.com

Cocolife Fixed Income Fund, Inc. www.cocolifefunds.com

Ekklesia Mutual Fund Inc. www.alfmmutualfunds.com

First Metro Save and Learn Fixed Income Fund, Inc.

www.fami.com.ph

Grepalife Bond Fund Corporation www.grepafunds.com

Philam Bond Fund, Inc. www.philamfunds.com.ph

Philequity Peso Bond Fund, Inc. www.philequity.net

Prudentialife Fixed Income Fund, Inc. www.myoptimafunds.com

Sun Life of Canada Prosperity Bond Fund, Inc.

www.sunlife.com.ph

Sun Life Prosperity GS Fund, Inc. www.sunlife.com.ph



ACCORDING TO TYPES


http://www.cocolifefunds.com/



http://www.grepafunds.com/



http://www.myoptimafunds.com/



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Bond / Fixed-Income Fund

Fund Website


ALFM Dollar Bond Fund, Inc. www.alfmmutualfunds.com

ALFM Euro Bond Fund, Inc. www.alfmmutualfunds.com

ATR KimEng Total Return Bond Fund Inc. www.atram.com.ph

Grepalife Dollar Bond Fund Corp. www.grepafunds.com

Grepalife Fixed Income Fund Corp. www.grepafunds.com

MAA Privilege Dollar Fixed Income Fund, Inc.

N/A

MAA Privilege Euro Fixed Income Fund, Inc. N/A

PAMI Global Bond Fund, Inc. www.philamfunds.com.ph

Philam Dollar Bond Fund, Inc. www.philamfunds.com.ph

Philequity Dollar Income Fund Inc. www.philequity.net

Sun Life Prosperity Dollar Abundance Fund, Inc.

www.sunlife.com.ph



ACCORDING TO TYPES










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Money Market Fund

Fund Website


ALFM Money Market Fund, Inc. ww.alfmmutualfunds.com

First Metro Save and Learn Money Market Fund,Inc.

www.fami.com.ph

Philam Managed Income Fund, Inc. www.philamfunds.com.ph

Sun Life Prosperity Money Market Fund, Inc. www.sunlife.com.ph



ACCORDING TO TYPES





How to Start

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HOW TO START

Choose a mutual fund that you are going to invest in. You could check the list of funds and their websites from pifa.com.ph/memlist.asp.

Visit the website of your chosen mutual fund and download the fund’s prospectus of your choice and study it.

Submit all the completed requirements and proof of funding to the address of the mutual fund company.

Complete all the requirements. You can usually find these requirements as well as the application forms needed and funding instructions in their websites.

If you wish to be assisted in your application, email me at: [email protected].

http://pifa.com.ph/memlist.asp

mailto:[email protected]

?

FAQs

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?

?


FREQUENTLY ASKED QUESTIONS

What’s in it for the fund manager?

Management Fees. The Amount will vary (normally ranging

from 1.5% to 3% of the total assets per year). Note that the

NAVPS that are published are already net of the

management fee that is amortized daily.

Where will you invest my money?

Your money will be invested in the shares of the mutual fund

of your choice. Mutual funds, on the other hand, are

invested in baskets of securities that vary depending on the

type of fund. Hence if you choose an equity fund, then you

buy shares of a mutual that invests mainly in listed stocks(90%

maximum). A bond fund or fixed-income fund, in contrast,

invests exclusively on interest bearing instruments. A mutual

fund’s investment universe, including restrictions and risks,

can be found in the fund’s prospectus.

How long is the maturity period?

Mutual funds do not have maturity periods which means that

the shareholders can actually sell their shares in any banking

day. Furthermore, mutual funds are required by law to buy

back the shares from the shareholders and to release the

proceeds of any sale within seven banking days. Most mutual

funds however, charge exit fees for short-term investors and

this may vary from fund-to-fund. In FAMI’s case, the exit fee is

1% for the investments of less than 6 months. The exit fee is

waived after the sixth month.

http://fami.com.ph/mutual-fund/faq/

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Can I lose money in Mutual funds?

Yes, depending on market conditions. The fund manager’s

job is ultimately to minimize risks and losses for the

shareholder.

How much interest do I get as an investor?

Mutual funds do not give fixed returns. Returns are based on

the difference between your buying price and the current

NAVPS. Market conditions play a major role in determining

the annual returns of mutual funds.

What prevents the fund manager from running away with my

money?

Mutual Funds are structured in a manner that protects the

interest of its shareholders. The fund manager does not have

any control over the physical assets of a mutual fund except

to make buying and selling decisions. The assets are held by

a custodian bank, appointed by the shareholders, who in

turn cannot transact for these assets.

What happens to my investment if I die?

Your shares in the mutual fund will form part of your estate

and will be distributed to your heirs (usually surviving spouse

and children) accordingly. There are tax issues involved in this

regard.

Can I tell the fund manager what to buy or sell?

No. The fund managers will follow the investment parameters

indicated in the fund’s prospectus.

http://fami.com.ph/mutual-fund/faq/

52



What is the net asset value per share, or NAVPS?

The net asset value per share (NAVPS) is the value of each

share of a mutual fund. A fund's NAVPS is calculated daily

and is the price used when purchasing or selling mutual fund

shares. To determine the value of your shares, simply multiply

the number of shares you own by the NAVPS.

Is my investment covered by the PDIC?

No. A mutual fund is not a deposit product and is, therefore,

not covered by the PDIC. However, when you invest in a

mutual fund, you are considered a shareholder and in effect

are entitled to your proportional share in the total assets of

the fund. The PDIC, on the other hand, only insures up to

P250,000 of your total deposits with a bank and not your

entire investment amount.

http://philequity.net/investorEducation.php

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How can I monitor my account? / Who offer/s this service?

1. Through Statement of Account that you could get from

the mutual fund company / All

2. Through web portals managed by the mutual fund

company / Some (Check their websites)

3. Through second & third-party websites / First Metro

Investment Corporation and Bloomberg

4. Through mobile apps / Bloomberg and Pondo

http://www.firstmetro.com.ph/



http://www.bloomberg.com/

54


MONITOR YOUR FUNDS WITH

PONDO

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You can now monitor your investment in Mutual Funds and

even in UITFs using our PONDO mobile applications. It is

currently available in Android OS and will soon be available

in mobile devices using iOS. Pondo apps are available in Lite

& PRO versions.

PONDO MF PONDO UITF

Visit PONDO’s Facebook page at:

https://www.facebook.com/pondoph

Contact the developers at:

[email protected]


https://www.facebook.com/pondoph


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Click their logos above to visit their websites.

I would like to acknowledge and thank the following, and

other websites mentioned in this e-book, for all the

supplementary information that have been made

available in the web for public reference:


http://pesosandsense.com/

http://www.nscb.gov.ph/

http://pifa.com.ph/

http://www.bloomberg.com/

http://www.rampveradvisors.com/mutual_funds_concept.php

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The Author

Rex Holgado is a Filipino expat in Singapore for 5

years now. He graduated Bachelors Degree in

Civil Engineering in Adamson University in 2007. He

started investing in 2011and became an

advocate of financial literacy in the same year.

He currently invests in mutual funds, property, and

stocks. To him being rich is not just about being

abundant in monetary possessions but also being

rich in character and good relationships.

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If you have more questions that you wish to ask me or

suggest to improve on this material, you could send me an

email at:

[email protected]

Or send your messages through Facebook at:

www.facebook.com/rexholgado

If you got questions about making financial decisions, I

would definitely recommend Mr. Randell Tiongson and you

can reach him at:

www.facebook.com/randelltiongson

If you want to join a community that who could help you

discover more ideas about financial literacy, join

The Global Filipino Investors (TGFI) at:

www.facebook.com/groups/theglobalfilipinoinvestors/

Visit Alkansiya Ni Juan’s blogsite for more money stories at:

www.alkansiyanijuan.com

And find Alkansiya Ni Juan in Facebook at:

www.facebook.com/alkansiyanijuan

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http://www.facebook.com/rexholgado

http://www.facebook.com/randelltiongson

http://www.facebook.com/groups/theglobalfilipinoinvestors/

http://www.alkansiyanijuan.com/

http://www.facebook.com/alkansiyanijuan

59

"Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money

to invest. You can't win until you do this."

– Dave Ramsey


60


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