With Security Bank's UITF, I Can Pursue My Passion
What do you understand about smart saving and about investing? I know a bit but Security Bank opene...
What do you understand about smart saving and about investing? I know a bit but Security Bank opened my eyes about Unit Investment Trust Fund a lot more when I attended their event a few weeks ago.
As moms, we should not only look after our family's health, our children's nutrition, their clothes, their education, household expenses, and all other present expenses. We should especially plan for the future, the scary unknown. When I say future, I'm talking about retirement, compounded savings, and even death. When I ask you now with - Are you prepared? - will you say yes or no? Most will answer with a NO because they live with the now and forget or not prioritize saving. When they have the money from salaries or bonuses, they spend first before saving. I used to be like that too.
In the course of my financial literacy, I learned that we should prioritize SAVING first before spending. But saving money in the bank isn't enough. Don't we want our money to grow bigger as the years pass by? Don't we want higher interest rates so we could prepare for the future, a comfortable one even when we retire. We don't want to depend on our kids for our retirement expenses right? We are not their obligation and it really shouldn't be that way. To grow our hard-earned money without being too exhausted and while still pursuing our passions, we should INVEST.
The best time to start investing is TODAY. This point was stressed during my attendance in Security Bank's event. Here were some highlights of the event:
ALL ABOUT UITF
Security Bank's Head of Asset Management Group, Retail Sales & Marketing, Mr. Martin Belgado presented what UITF is all about.
- SB Peso Money Market Fund
- SB Intermediate Term Bond Fund,
- SB Peso Bond Fund
- SB Asset Variety Fund
- SB Peso Equity Fund
- SB Peso High Dividend Equity Fund
- SB Philippine Equity Index Fund
- SB Dollar Bond Fund
- Liquid/Easily convertible to cash
- Easy to track performance
- Divesified Portfolio
- Low Participation Amount
- Professionally Managed