One of the things that I love to do is attending financial management seminars. Now I’m sharing with you one of my favorites.. =) Topic: MUTUAL FUNDS!
Here are some of the things that I learned during the mutual fund training..
Importance of investing:
1) to beat inflation
2) to reach your financial goals
Features of a Mutual Fund: diversification, affordability, tax exemption, professional fund management, convenience, liquidity and safety!
Here are the three types of Mutual Funds:
1) Bond Fund (for low risk profile with recommended length of stay of 1 to 2 years)
2) Stock Fund (for aggressive profile, more than 5 years recommended length of stay)
3) Balanced Fund (moderate risk profile with recommended length of stay of 3 to 5 years)
You may choose what type of MF to invest depending on your risk appetite. As for me, I go for the Stock Fund. Just shows how aggressive I am in investing. Yay! =D