"You could double your money by investing P5,000 a month for five years in mutual fund."
Sounds like a scam or hyped-selling? For some, it may.
But this is a real investment in the Save and Learn Equity Fund (SALEF) of First Metro Asset Management, Inc.
In mutual funds, there are no guaranteed returns. But historical figures from 2008 to 2012 suggest you could actually double your money, not just by lump-sum investing, but also by peso cost averaging.
(Note: lump-sum investing is not advisable for a fund that invests in volatile markets like equity funds. Please understand the risk and your risk appetite before investing.)
If you redeemed all your shares today, you would have a whooping 102% return of investment!
How? Read on.
