Shifting paradigms my way
I'll just make this short. It's getting late but maybe I just need to update about what's been happening these past few days before indolence get over me again.
Anyway, first day of this week, I dropped by ATR KimEng at their Buendia office to pick up the application forms. I was hoping to talk to their financial expert guys but maybe I'm in the wrong office. I was attended to instead by a young employee (Buendia office is their Investor Relations Branch as stated in their website). He reiterated to me what I already read from their prospectus. No big deal actually. I was determined anyway to buy shares that day. I was able to deposit eventually a measly amount of Php15K to their Equity fund in BDO. A bit more than their minimum of Php5000. But I think it's enough to jump start something I intended to maintain for a longer period. I deposited the amount in the afternoon so I assumed the applicable NAVPS will be that of the next day. I faxed the deposit slip, called their office for confirmation, and they said they would mail the confirmation documents to me in 3 days. So that's something I'm looking forward to.
(I planned of writing about mutual funds but I realized, maybe I'll just leave all the explaining to the experts.
You can browse through the helpful stuffs here. Or better yet, talk to the financial advisers from the big mutual fund companies in the PI. Their main objective of course is to sell their products but, nevertheless, you'll get to see the insight of how things work around mutual funds and other related investment instruments)
Earlier this morning, I dropped by the AFPSLAI office in Camp Aguinaldo for the scheduled second visit. This visit was a smooth one. I get to acquire my passbook and ID and then proceeded to deposit the minimum capital amount of Php1000. This amount will not yet be generating interest for this quarter so I decided to leave the rest of my savings in my bank account and wait for the next placement.
My target is to wipe out my credits (around Php120K at the moment) and accumulate at least a Php100K in savings and investments by the end of this year. I know this is not too much. But I wanted to set my objectives as attainable as possible. Any excess would be very welcome. As of now, I am very excited of these prospects. Even the May elections is a positive thing to me and hopefully to the market.
So there, wish me luck and happy investing everyone.
Anyway, first day of this week, I dropped by ATR KimEng at their Buendia office to pick up the application forms. I was hoping to talk to their financial expert guys but maybe I'm in the wrong office. I was attended to instead by a young employee (Buendia office is their Investor Relations Branch as stated in their website). He reiterated to me what I already read from their prospectus. No big deal actually. I was determined anyway to buy shares that day. I was able to deposit eventually a measly amount of Php15K to their Equity fund in BDO. A bit more than their minimum of Php5000. But I think it's enough to jump start something I intended to maintain for a longer period. I deposited the amount in the afternoon so I assumed the applicable NAVPS will be that of the next day. I faxed the deposit slip, called their office for confirmation, and they said they would mail the confirmation documents to me in 3 days. So that's something I'm looking forward to.
(I planned of writing about mutual funds but I realized, maybe I'll just leave all the explaining to the experts.
You can browse through the helpful stuffs here. Or better yet, talk to the financial advisers from the big mutual fund companies in the PI. Their main objective of course is to sell their products but, nevertheless, you'll get to see the insight of how things work around mutual funds and other related investment instruments)
Earlier this morning, I dropped by the AFPSLAI office in Camp Aguinaldo for the scheduled second visit. This visit was a smooth one. I get to acquire my passbook and ID and then proceeded to deposit the minimum capital amount of Php1000. This amount will not yet be generating interest for this quarter so I decided to leave the rest of my savings in my bank account and wait for the next placement.
My target is to wipe out my credits (around Php120K at the moment) and accumulate at least a Php100K in savings and investments by the end of this year. I know this is not too much. But I wanted to set my objectives as attainable as possible. Any excess would be very welcome. As of now, I am very excited of these prospects. Even the May elections is a positive thing to me and hopefully to the market.
So there, wish me luck and happy investing everyone.
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