Why I Invested In Three More Mutual Funds This Year
This year I have invested my extra money to three more mutual funds and they are FAMI's Save and Learn Equity Fund, PEMI's PhilEquity Fund, and MFCP's ATRKimEng Equity Opportunity Fund. I chose equity funds because I'm investing for my babies' college education which won't happen until after twelve years the earliest. I have a Balanced Fund invested with Sunlife in 2005 and it is intended for my first-born son's college education. He's still in Grade 1 now and I believe that with mutual funds I can be ready financially when he goes to college 9 or 10 years down the road. I actually thought of transferring it to to equity fund for more growth over the years. Family and friends who knew of my investment inclinations ask me why invest in mutual funds to fund my kids' college education and why not get educational plans offered by pre-need companies instead. Well, I'm no financial expert but I can say that I am a self-made financial literate - thanks...