MONEY MATTERS : HOW TO OPEN A FIRST ASSET METRO, INC. (FAMI) MUTUAL FUND?

Knowing you need to make a change isn't enough. You've got to find the guts to do it. I've been reading some quotes from Rich Dad, Poor Dad's author, Robert Kiyosaki. I am encouraged on how he puts premium on learning.

It was early this year when I decided to act upon my long term goal and that is to create a passive income. I've experienced how it is to invest in stocks and recently, in mutual funds. 

 I am somehow familiar with the process by the time I opened a FAMI Mutual Fund (MF) account since a week before that, I opened a MF at ATR Kim Eng (click HERE). FAMI is a part of the Metrobank Group.

Step 1: Visit FAMI's office personally.

You know the drill. They need to see you in flesh to sign some documents. However, there is another option. You can open an account from any METROBANK branches. I once considered this option, but after a phone conversation with FAMI's representative, opening via branch will take a considerable amount of time since they have to have the documents delivered and so on.

♣ Tip: If possible, visit FAMI's office directly. Specially if you happen to be near the area. This is only a ONE TIME process, so why not make things easier. Again, only if possible. It may save you a lot of stress. They have another branch in Binondo and one in Cebu.

MAKATI OFFICE: 18th Floor PS Bank Center, 777 Paseo de Roxas Avenue corner Sedeño Street, Salcedo Village, Makati City

Step 2: Fill up the documents.

Part of every investment process is to accomplish a client risk assessment form. Just so you know what to expect. High risk, high returns. Low risk, low returns. It's pretty much the same but it's optimum to answer the questions after giving much thought.

♣ Tip: Bring an ID with picture with you. They will photocopy it for you.
Step 3: Give your initial investment at their cashier.
That's the difference from ATR Kim Eng. FAMI has an in-house cashier so all you have to do is to give them your initial investment (Php 5,000 minimum) and get your provisional receipt.

♣ Tip: Withdraw the money beforehand. Moving forward, you can just deposit your money to any METROBANK or PS Bank branches.

Step 4: Wait for AIR 21's package.
After a week or so, you will receive a package from FAMI containing your Confirmation Receipt. That's it! Once you received the confirmation receipt, you can now log-in online. We'll talk about that soon. For now, Mr. Kiyosaki has something to say. Agree? -CMK