WHY MOMS SHOULD INVEST IN A MUTUAL FUND

“DON’T PROCRASTINATE. YOUR CHILD MAY BE A LONG WAY OFF FROM COLLEGE, BUT THE TIME TO START PREPARING FOR IT IS NOW.” - SMART PARENTING

DEAR DREAMERS

Between changing diapers, feeding your baby, buying her basic needs, planning her well-baby exams and whatnot, the last thing on your mind would be her education. Who could blame you? As a first-time mom myself, I am simply overwhelmed by all the things I need to accomplish in order to care for such a precious life. I cannot help but put short-term needs ahead, set aside long-term needs and tell myself, “it’s future Prelel’s problem” (HIMYM reference) but it does not need to be that way.

After reading an article on Smart Parenting about planning for your child’s education, I realized that as early as now, I can already save up for my baby’s education. Saving money for Qlyliz’s education should be a priority, even more so because of the inflation in education tuition, not to be confused with the country’s inflation. If tuition increases every year then money stashed for education should increase as well.

Despite having a business degree, I cannot pretend that I am fully confident in my financial planning. I still believe that confiding in experts is the smart choice. This is where Philam Asset Management, Inc. (PAMI) comes in. PAMI helps people understand which option is the best to take based on your goals, desired year to achieve and how much you’re willing to invest. They can even tell you which mutual funds is best for you based on how much risk you are willing to take.

WHAT IS A MUTUAL FUND?
But first, what exactly is a mutual fund? PAMI describes it as “a pool of money collected from companies and private investors.” The money is then placed somewhere where it can grow at the correct place and once it grows, investors can take their shares based on how much they contributed.

HOW SAFE ARE MUTUAL FUNDS?
Let’s face it, all ways to earn comes with a risk and we all know that the higher the risk, the higher the chances of getting a high return. This is why you need to choose where you put your money carefully especially if it’s something as important as our little one’s education.

HOW SHOULD I KNOW WHERE TO INVEST?
Mutual funds that are highly regulated by the Securities and Exchange Commission (SEC) are ones you should watch out for. Mutual funds handled by PAMI are not only regulated by the SEC but are also audited by a third-party. The best part is, you can withdraw your shares at any time you choose. So if something comes up like an emergency, you’ll be glad you saved and invested some of your money instead of putting it elsewhere.

Remember Mommies, it’s better to not keep your eggs in just one basket because you can never know what can happen. So always be open to keeping other options of growing your money.

For soon-to-be mommies, starting to grow your money as early as possible is the best choice. After all, starting a family is quite costly. Even something as simple as diapers can take a toll on your pockets.

PHILAM ASSET MANAGEMENT, INC.
For over 45 years, Philam Asset Management, Inc. has been aiding their clients to reach their life goals. Visit www.philamfunds.com to start growing your money today and find out which option is the best option fitted to your financial goals and needs.