Our mutual fund that has been locked for five years will reach maturity this year, August to be exact.
We invested in Sunlife Mutual Fund five years ago during EJ's first birthday. We thought that it's a good investment for EJ's college fund. And we may be right.
I emailed our agent the other day to ask for our Fund Value. I actually receive a daily update but I want to find it out from our agent herself. She gave me the current Fund Value which tallies with the update I receive daily.
Without divulging specifics, (coz I know there are bashers and insecure lurkers here who are just waiting on a chance to pounce on me) our money has earned almost 50% interest over the five-year period. That's like 10% interest earned every year! That's a lot compared to regular deposit and even time deposit.
There was a time, year 2009 when the stocks went down. Our Sunlife Mutual Fund also went down then. I was a little scared but I shouldn't have. If we added an investment that year, we would have earned more now. That was a lost opportunity.
Anyway, I emailed our agent and told her we're going to re-invest the money. We will meet with her this April to sort things out. I am now thinking, should we invest more in Mutual Fund or use the money to travel? Hahaha. Just kidding. I know my answer.
If you want to invest your extra money, I suggest you invest it in a mutual fund. If you know me personally, let me know and I can refer you to my agent.
Have a productive Monday, everyone! Stay happy and positive!