4 basic types of Mutual Funds
- Money Market Funds invest in short-term debt instruments like time deposits. (e.g. Sun Life Prosperity Money Market Fund)
- Bond Funds invest in long-term debt instruments of governments or corporations.(e.g. Sun Life Prosperity GS Fund and Sun Life Prosperity Bond Fund)
- Balanced Funds invest both in shares of stock and debt instruments.(e.g. Sun Life Prosperity Balanced Fund)
- Stock Funds / Equity Funds invest primarily in shares of stock (e.g. Sun Life Prosperity Philippine Equity Fund and Sun Life Prosperity Philippine Stock Index Fund)
To make mutual funds investment more affordable you can start investing NOW with a minimum of P 1,000, unlike before that you need a at least P5,000.
Here’s how to get started:
- Visit sunlifefunds.com
- Click on your desired mutual fund by going thru the following steps:
Visit sunlifefunds.com
Click on “LIFE GOALS”
Select the character or gender.
Select the appropriate option if you are a male or a female
Hover your mouse within the age range provided below to provide your age.
Select the appropriate age within the range
The site will then probe for what life stage you are now, or what do you plan to do. Four (4) categories were provided: If you want to pursue independence already; or you just want to support your family needs; you wis to build up an inheritance plan for your dependents; or you want to preserve your current assets or wealth. I chose the 2nd option:
Choose what do you want to do
Next, choose at least 3 items among the list whichever the financial priorities you have in mind.
Select 3 financial priorities
A series of questions will be asked until you arrived in the category that the app concluded (i.e, MOVING UP!) based on your answers and the suggested Sunlife products for you.
- Click the “BUY NOW” button after choosing the investment type
An investment calculator is also available to help you determine how your money can grow while you sleep using various financial instruments
- Fill-out the online application form
- Settle payment through your preferred payment option
There you go! You are now on your way to financial prosperity ! ! !
But wait again ha-ha, you must put in mind too that it doesn’t stop there. You must be consistent in order to achieve your financial goals just like what SLAMCI’s ambassador Matteo Guidicelli shared on his four digital videos showed during the launch of the #MakeitMutual Season 2 Campaign held recently as SLAMCI marks its 20th Anniversary.
For more details on SLAMCI’s upcoming offerings, follow @SunlifePH on Facebook, Twitter, and Instagram and visit sunlifefunds.com.
I am new to investing and receiving dividends. I study all possible ways of investing. Thank you for sharing this information.
Great stuff! We also let our money grow
This is great information. We put a lot of our investment in mutual funds right before COVID hit. Luckily, we won’t be touching it for years to come so I hope the market recovers.
Very informative, how have mutual funds like the ones recommended been affected by the recent stock market down turns and crashes?
XO, MJ
http://www.lush-fab-glam.com
This is all really good to know, especially at a time like this. Sometimes it’s hard to understand but you did a really good job explaining it.
This super informative and breaks it all down in a way that even someone like me (who is completely clueless when it comes to investing) can understand. I’ve been talking to my husband recently about the fact we should start looking into investing – this is a great kick-start information-wise! Thank you.
Oh wow this is so helpful for those of us just getting into it. Thanks so much for sharing this with all of us!
Very interesting. I’ve never considered investing but I’d need to look into it more!
Is good to know about different Financial products I will like to have these in Puerto Rico
Thank you for sharing all of this good info! I don’t currently invest but my dad does and he keeps telling me that I need to. I will definitely be considering it more now!
I don’t understand much about investing at all. Thanks for explaining. I leave that stuff to my hubby!
thank you for sharing financial literary to everyone. we should really start investing because time is our ally. my fiance is also a sun life financial advisor. <3
This is all good advice. it is a long term venture, not a quick fix!
Interesting post. We have recently been discussing investing, this is a great step by step post.
I am ALL about those mutual FUNDS!
This is exactly what I needed. Given the craziness of the stock market right now, having an informative blog like yours helps
This short course on mutual funds was very much needed for me, I never really understood them, but now I do. Thanks to this post.
I need to start doing more investing. Now I know more about mutual funds
I might have to look into this! I admit, I haven’t tried it out before but I’d always love money to grow.
I’m doing the same thing. I didn’t touch any of my investments coz I know we will bounce back.
Ugh, I don’t even want to look at my investments right now! Thankfully I am invested in mostly mutual funds, so I’m going to bounce back!
what about some hedge funds? I need some.
I have started to invest the last couple of years…looking good so far!
Investment can save your future I would like to check the sun life’s website for this P. S ang gwapo ni Mateo!
This is a good plan. Good thing they dropped the amount to a thousand. It’ll give those who don’t have as much as five thousand peso the opportunity to grow their money.
Great step by step info for someone who wants to do this but has never really been sure how.
It is best to always put your eggs in different baskets. Investing like this should be a new lifestyle.
So interesting! Very insightful. Thanks for sharing!
I have been thinking about investing lately, and I will have to read more about Sun Life’s offer. My main goal is to be able to live comfortably in my retirement years.