Gus Cosio says so

Ideas on the Philippine Stock Market

First Metro Save & Learn Mutual Funds Advertisement

I wanted to share this Ad with readers who attended the first of our seminar series.  For your information, the funds were initiated to address the savings of teachers and those who find very little reason to save due to low returns in traditional savings outlets.  We hope to reach out to more of the Filipino working class so that they can se better returns for their savings as well as become more knowledgable in the ways of financial investing.

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January 17, 2011 - Posted by | Financial markets in Asia

30 Comments »

  1. I am glad to be invested in First Metro Mutual Funds. I wish there were easier ways to invest, though. i.e. Buy/Sell positions via online, etc.

    Comment by Sonn | January 17, 2011 | Reply

    • in the first metro sec console, there’s a buy/sell under the FAMI tab. not sure though if it is working or that is really the use. maybe gus or others can confirm. im also planning to invest in the coming days.

      Comment by sdrobob | January 17, 2011 | Reply

      • As far as I know, it doesn’t. Or at least, it can’t do what I want it to do (Enroll my existing accounts with FAMI so I could easily make additional investments of P1000).

        Comment by Sonn | January 17, 2011

      • Ok. It would have been better if it works. Just just transfer cash to first metro sec then do the transactions there. Thanks for clarifying.

        Comment by sdrobob | January 17, 2011

  2. wow! I think these products are perfect for my travel plans in the next 2 years. This is even better than the one I got from insurance firms…at least you really get to save it and not spend it on insurance. I just wish I learned about this before I got those pension plans.

    Comment by Kristin | January 17, 2011 | Reply

    • Kristin,
      If you start with Php 5,000 and discipline yourself to set aside Php 1,000 every month, in a year’s time you may have around 15 to 18 thousand put away already. adjust it for the amount you’d like to set aside, you’ll end up with more. It’s like peso cost averaging.

      Comment by Gus Cosio | January 17, 2011 | Reply

      • gus, every time you add Php1000, is it considered as a separate to your starting capital or the NAV is averaged/adjusted? we invested in uitf before & everytime we add, it’s treated as a separate investment thus we get many certificates. is it the same here?

        Comment by sdrobob | January 17, 2011

      • @sdrobob – NAV is averaged. 😀

        Comment by Sonn | January 18, 2011

      • @sonn
        so if i bought invest Php5000 at 1 NAV then invest another Php5000 at 2 NAV, my account now will be Php10k at 1.5 NAV (for simplicity, all fess/costs not included)? Just like when cost averaging?
        thanks for the clarification

        Comment by sdrobob | January 18, 2011

      • @ sdrobob – yup, that’s how I compute my holdings with FAMI.

        Comment by Sonn | January 18, 2011

      • @sonn
        thanks

        Comment by sdrobob | January 18, 2011

  3. is this the latest rates of first metro sir gus?

    Comment by yanyan | January 17, 2011 | Reply

    • Yanyan,
      these are not rates. these are the performance of our equity and balanced fund.

      Comment by Gus Cosio | January 17, 2011 | Reply

      • sir gus,

        do mutual funds work like shares of stocks in the pse?

        what i mean po is, are there lot (size) as well?

        you mentioned po that one can start with 5k…but the navps is not a whole number so how many shares really is the minimum starting investment sir?

        regarding the additional 1k per month, would that be like whatever number of additional shares 1k could buy at the current price?

        thanks for your time and patience sir…you encouraged me to do the 5k initial plus 1k monthly additional investment in mf that’s why i want to know more details about mf.

        thanks po sir and God bless!

        Comment by ricky | January 18, 2011

  4. Paper Gain or Realized Gain Sir Gus? If that’s a paper Gain when well it became a Realized Gain?thanks…

    Comment by 100%stock | January 17, 2011 | Reply

  5. hi sir gus! i invested in FAMI since July last year. Since that time, I haven’t receive any updates on how my mutual fund is doing.

    Is there a way where we can check our account online like I check my portfolio in Citisec?

    Thanks

    Comment by jay | January 17, 2011 | Reply

    • NAV is posted daily on the website

      Comment by nikmatik | January 18, 2011 | Reply

  6. would like to know if metrobank online has a feature that could link the monthly contribution to its mutual fund(FAMI)? thanks

    Comment by den | January 17, 2011 | Reply

    • i remember seeing the names of the FAMI mutual funds in the list of payees/billers under the metrobank direct website. so i guess you can transfer money from your bank account to your nominated mutual fund. just make sure to put your account number, or any reference or unique identifier perhaps. will be trying this option at the end of the month when i get my payroll. 🙂

      Comment by rey | January 18, 2011 | Reply

      • @rey – yep, saw that too. haven’t tried it though. however, it should suffice in the meantime the lack of a proper online facility to place investments in FAMI 😀

        Comment by Sonn | January 18, 2011

      • I tried it in Chinabank Online transfer to Metrobank account but didn’t work. I called chinabank they said that the account i am transfering must be ATM/Bancnet member. Can FAMI’s account be member of Bancnet so that transfer of money is possible? I don’t have to go out and wait for more than 1 hour to be called to be able to deposit?

        Comment by Mich | January 18, 2011

      • @rey, have been trying that option too, just like paying your bills on line. however, there’s still no luck for me. i phoned in for their help… it’s better to issue pdc monthly with corresponding FAMI forms for each, which is betterer for forcing you to have discipline in funding it religiously.

        Comment by blooddeewings | January 18, 2011

      • @mich, as far as i know, metrobank is a bancnet member. so transferring your chinabank funds to your MB account shouldn’t be a problem at all if that’s the case. once your money is inside metrobank, you can easily transfer your funds through metrobank’s internet banking facility instantly.

        however, transferring your chinabank funds directly to FAMI through the bancnet system might be quite challenging for number of reasons: 1) fami is not a bank; 2) fami needs to be a bancnet biller/ merchant in which case fami will incur additional cost which it may opt to pass on to you as the depositor on top of the sales load fee. so the best way really right now is to have a metrobank account enrolled with internet banking. just thinking out loud.:)

        Comment by rey | January 18, 2011

      • @rey, my ignorance … hehehe … i don’t know how to explain clearly … i tried to call again chinabank why it is not possible, and they said that it is only possible to transfer account to other bank’s account if the account i am transferring to is an ATM ACCOUNT not a passbook account 🙂

        Comment by Mich | January 18, 2011

      • @blooddeewings, just learned from FAMI that you have to key in your client number on the fields required. again, haven’t tried it but i hope it works.

        Comment by rey | January 18, 2011

  7. Gus,

    I opened an account with FAMI last Wednesday (January 12, 2011) following the procedure outlined in the FAMI website. I am very disappointed to find out that my placement has not yet been processed until today (January 18, 2011). This is inspite of making the requisite cash deposit in the morning of the 12th.

    I even called them last January 12 to confirm they received my email, and they said that they did. Lo and behold, they said my email was UNREAD and therefore no booking was made as of today. My mistake wasn’t able to get the name of the person I talked to.

    Comment by richard | January 18, 2011 | Reply

    • Hi Richard,

      Have you sent the original documents (account opening, deposit slip) to FAMI already? The email is just advance info, I think FAMI will not book your payment until they receive the hard copies. I opened a SALEF account with them last October.

      Comment by new_to_stockinvesting | January 18, 2011 | Reply

    • There must be some mistake Richard. I will not ask for your full name here because this is not a service site for FAMI. This is my personal blog site.
      Furthermore, I cannot verify your claims especially since you did not even ask your counter party to identify himself or herself.
      If you desire for your business to be professionally attended to, please call up the FAMI office, identify yourself properly, and do your investment transaction in the correct manner. The telephone number is in their website.

      Comment by Gus Cosio | January 18, 2011 | Reply

  8. I just recently got invested with FAMI’s equity fund. I thought I should start early since I intend to use the fund later for my plans to take grad studies in Singapore. Really hope the equity fund performs well this year. 😀

    Comment by rey | January 18, 2011 | Reply

  9. Great performance by your funds! Terrific, Sir Gus!

    Comment by abitrade | January 18, 2011 | Reply


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