Remember how I said that one key to creating wealth is thru investing your hard-earned cash in instruments which will give you returns higher than the inflation rate? Here are 2 of those instruments.
Mutual funds and UITFs
Both are pooled funds.”Bakas system”. Both offer higher returns compared to banks but also are not risk free. Both are measured in terms of the net asset value per unit (NAVPu) or share (NAVPS).
A unit investment trust fund
or UITF is a banking product that replaced common trust funds (CTFs). It is managed by the offering bank’s treasury department or group.
or UITF is a banking product that replaced common trust funds (CTFs). It is managed by the offering bank’s treasury department or group.
A mutual fund, on the other hand, is offered by an investment company and managed independently by an appointed fund manager, which may or may not be related to the investment company.
In my next posts, I shall show you HOW to start investing, step by step.
Good luck, readers
Looking forward on your next post...
ReplyDeleteTY cybel. Keep posted
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