When I wake up this morning an email has arrived from FAMI. I felt very glad reading it :), it was my Statement of Account about the initial investment I made last March 19, 2013. From March 19-25, 2013 I already gained PHP 55 for 6 days :).
How to compute what you gain? This is how it is:
Initial Investment (II) : PHP 5,000 - 100 (EF) = 4900
NAVPS 1 is the NAVPS on March 19, 2013 when I first bought the share: 5.2470
NAVPS 2 is the NAVPS for today March 25, 2013
Entry Fee (EF) (2%) 0.02*5000 =100
Number of Shares bought is: NS = 4900/5.2470 = 934 shares
Profit Gain = NS* (NAVPS 2 - NAVPS 1)
= 934 * (5.3056 - 5.2470)
= PHP 55
My money now is PHP 4,955.43 . I am very excited about this :) The additional investment after this that I need to deposit is at minimum of PHP 1,000. Hope you too will start to invest in a mutual fund in FAMI soon...the sooner the better...
See yah on my next posts :)
God Bless,
Jing-Jing
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