mutual fund questions / myLot

Philippines

March 29, 2013 5:36am CST

if you decided to go on a mutual fund, do u have to share on a regular basis or one time only? If the minimum share for stock is $200 for example, should u share on a monthly basis or is it a one time investment? thank u

2 people like this

2 responses

laydee

@laydee (12798)

• Philippines

29 Mar 13

Mutual funds are like deposits. You are not required to put in an amount every month. However, if you're trying to save up for long-term, you are encouraged to put a portion for it to increase. Remember that NAVPS (Net Asset Value Per Share) is something that you should watch out for. If it's getting higher, then you can relax with putting much. It's like stocks, you put more the times when they're value is low, while you withdraw or redeem when it's high. But unlike Stocks, it's less risky, but also the returns are lesser as well. But if you're saving for long-term (retirement) then that's a good thing. Good luck! Have a great mylot experience ahead!

1 person likes this

luisaR

@luisaR (452)

• Philippines

30 Mar 13

thanks much laydee. ur response means alot. great day ;-)

John Loberiza

@jrlcentral (2605)

• Roxas, Philippines

12 Oct 15

hmm thanks @laydee, I learner another thing about mutual fund. I'm about to meet an agent this week to talk about this.. Funny thing is, I have already started investing in the stock market hehe

mutual funds

stock market

laydee

@laydee (12798)

• Philippines

15 Oct 15

You can do it as often or as limited as you like. It's like putting money in savings.. But of course, if you don't have the habit of savings then you can't expect it to grow big :)