What Employees Need to Know about MIP

What Employees Need to Know about MIP Your company has decided to partner with FAMI and to launch the FAMI Monthly Investment Program (MIP).  You’re interested in finding out more about it — what it’s all about, how it works, and so on.  Here are the answers to frequently asked questions about the MIP. What is the Monthly Investment Program (MIP)? MIP is a facility that enables employees to invest as little as P1,000 per month in any of the FAMI managed funds through salary deduction.  Deductions are made once a month coinciding with one payroll period. How can I... Read More

What type of mutual fund should you invest in?

What type of mutual fund should you invest in? There are several types of mutual funds under FAMI management, that  cater to different financial goals and risk appetites.   To decide what type of mutual fund you should invest in, you have to first decide what you will use the money for, and when you might need to use it,  and how much risk you are willing to take. Remember this: all investments of any kind — whether real estate, insurance, pre-need, mutual funds, or even time deposits or government securities — have some kind of risk.  In some cases, there is a... Read More

Top 10 Tips to Successful Investing

Top 10 Tips to Successful Investing! Here’s 10 quick tips to get you started on investing and creating your winning porfolio! Start Early The only way you can make the most out of the limited time you have is to start early. The sooner you invest, the more time your money will have for growth. If you delay, you will almost certainly have to invest much more to achieve a similar result. Let the power of compounding work for you. Keep Some Cash Aside It is always a good idea to have some money set aside in case of emergencies.... Read More