Closing The Journey To A Million Project
“If you set your destination, you will surely arrive. The question is when?”
That is why setting a time frame to your dream is very important. I was told that I should not change the set time, I have to adjust my pace to arrive quicker. This goal date is December 31, 2017 but the project was completed the first week of August.
The next goal will be to save P1M in one year.
By next year, I will be moving the fund to a pure index Unit Investment Trust Fund by Banco De Oro or Mutual Fund. What I have now with Philippine National Bank is an enhanced version of the index and they have the tendency to pull out of the market during bear market.
I prefer index fund than buying individual stocks. Here’s what John Bogle said: “The index fund is a sensible, serviceable method for obtaining the market’s rate of return with absolutely no effort and minimal expense. Index funds eliminate the risks of individual stocks, market sectors and manager selection, leaving only stock market risk.”
Do you want to have more ideas how to get started with your investment? Comment below so that I will contact you to discuss.
Here’s to our next journey!