How to link your FirstMetrosec account to your FAMI account (ONLINE)

I’ve been using post-dated checks to make my transactions faster and make my investments compulsory. I’ve recently discovered that I can actually link my FirstMetroSec account to fund your FAMI Mutual Funds. And also, I can use Metrobank direct to buy shares on the day itself.

For FirstMetroSec, here’s how.

FirstMetroSec account to FAMI account.

1. Open your FirstMetroSec account and go to Forms tab.

2. Click Existing FAMI Account link. (from the list)

3. Fill up the form and send via fax to FAMI 816-0467 copy FMSBC 859-0699 or Email a scanned copy with signature to fami@firstmetro.com.ph copy customerservice@firstmetrosec.com.ph

By doing this, you can check your account anytime of the day 24/7.

How to purchase Mutual Fund shares using FirstMetroSec account?

1. Login to your FirstMetroSec account.
2. Go to FAMI tab and you will be directed to a new window.

3. Click the Buy tab. Fill up the fields in the Buy/Sell Mutual Funds. Click Review Order and Submit. Rest assured that your placement is booked on the same day if and only if you placed before 1:30pm (Manila Time). Transactions after the cut-off time will be booked the following day.

Budgeting Tips

I tried a lot of budgeting styles but only one succeeded in meeting my expectations. This style is the “pay yourself first” strategy.

Every payday my salary will be divided into two categories - savings and expenses. My savings include my insurance, long term health care, emergency fund, stocks and mutual funds. The excess goes to my expenses.

I keep myself on track through my budget tracker saved on my desktop. Everything is easy when you see how well you build your asset column so make sure you see it all the time. It will surely motivate you.

~Till then.

How to Pick Investment Facilities

Before finally deciding to invest your hard-earned money, make time to reflect about your risk tolerance. Are you more of a risk-taker? Will you not get nervous if the prices go 50% lower than your purchase price?

My discussion will all be about mutual funds. They are the easiest investment facilities I know where in a normal person like you and me can go into.

Mutual funds are like banks. They both collect money from people and invest it. Banks invest their money through credit. That’s why a lot of banks are promoting credit cards. Unlike banks, mutual fund companies invest a chunk of the money in stock market. They have an array of researchers to do the math and they have a captain, whom they call the fund manager, who decides where to put the fund. You pay these researchers and the fund manager with least possible cost approximately 2-3% of your investment capital. Not bad if you as an investor can gain 12% from them.

I’ll be introducing 3 kinds of mutual funds in this article.

Bond Fund

Bond funds are what they call the “safest” among the three. Approximately 90% of the fund are invested in government bonds and only 10% are in stocks. Since this is the “safest” among the three it also has the smallest earning capability. Around 3 to 6% per annum. Use this fund if you don’t like volatility and if you want to maintain the value of your money.

Balance Fund

Balance funds invest 50% in government bonds and 50% in stocks. If you want more risk at the same time a good security then this is the way to go. It gives an average return of 6 to 10% per annum. Most of the times people who invest in balance funds are those who don’t know what their risk tolerance is. So they go midway.

Equity Fund/Stock Fund

If you are a risk-taker and can take volatility then equity fund is a great vehicle to achieve your long-term financial goals. In a long-term basis this fund can reach 12% (or more) interest per annum. Equity funds invest 90% of the money on stock market and 10% on government facilities.

If you want to know more about mutual funds just drop me a note so I can give you the contact number of an organization that discusses mutual funds.