Monday, December 23, 2013

Where does your money go when you invest in Philam Strategic Growth Fund?

Saving in mutual funds is a smart way of making your money work for you. It may sound cliche but what many people do not realize is that mutual fund earnings can offset loan interest rates. For example, you loaned as condo payment 1.8M pesos from the bank at 9% per year, and your mutual fund grows at 17% per year (which is the historical growth rate of Philam Funds), then at the end of the loan tenor, you could have paid the bank interest rate (around 3M) with your mutual fund earnings (around 3.4M)!

There are more to mutual funds than just becoming better off and shaving off loan interests.

Feel free to email the author for financial consultation if you want to know more: horebelliot at

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