"Hi Arnold! I've attended your talk on investments last December 2021 through our school webinar, and my key takeaway is that all investments have risks, and this makes investment returns not guaranteed. I have P1 million that can be invested. What should I do to effectively manage the risks and gain attractive returns? I am not into stocks, so I am considering mutual funds. More power to you! – Miguel"
HI Miguel! Thank you for attending the webinar. I am happy to hear that you learned from it. Generally, there are several checkpoints that you need to go through before you proceed with investing. These include identifying your objectives, debt elimination, building emergency funds, obtaining health and life insurance, understanding your timeline and risk tolerance, and a lot more. I will skip this part and answer your question as if you already have all these and your P1 million is meant for investing in mutual funds alone.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)