Finding Fun Funds

Getting rich sure is hard work! I’ve been reading a lot lately. Today I’ve been reading more on mutual funds. Although I already have some idea, I started from here: What is a mutual fund? This links to a lot of pages about mutual funds from distinguishing the different kinds to tips on investing in one.

I also visited the Investment Company Association of the Philippines website to see what my options are. The Facts and Figures page of the site was quite overwhelming for somebody who is as financially ignorant as me. My wanting to understand those numbers and jargons forced me to search further from the net.

I now have an ample understanding of what YTD, NAV, prospectus and a loaded mutual fund are. I now can “read” the tables in the ICAP site. From there, I realized that we generally did well last year. By we, I mean me and a financial company. Two years ago, I started investing in a financial company. It was mainly an insurance company. They invested portion of my money in a combination of equity and bond funds. The truth is I’m quite disappointed with the size of the charges deducted from my money. I didn’t exactly understand what they were back then. I failed to look at better options.

Visiting the ICAP site opened me to possibilities with other companies. I must study how they performed throughout the years if I want to choose a new company or remain with the one I’m with. It’s hard work, I know, but I think it’s kinda fun.

All the possibilities, a shot at a bright future, and a comfortable (and maybe early) retirement – all these got me excited with this little project of mine: getting rich.