Download BIFM Unit Trust APK latest version Free for Android
| Version | 1.0.13 |
| Update | 8 years ago |
| Size | 4.23 MB (4,437,782 bytes) |
| Developer | Out Merchant |
| Category | Apps, Finance |
| Package Name | com.ionicframework.bifm857508 |
| OS | 4.1 and up |
BIFM Unit Trust APPLICATION description
Unit trusts are just another way of investing to grow your money. In the same way as you can invest your money in a fixed deposit at the bank, or buy shares on the stock exchange, or buy property; you have the option to invest your money in unit trusts.
Why should I invest in them as opposed to any other type of investment?
Unit trusts have a number of benefits that make them better than other investment vehicles:
Eggs in a lot of baskets:
The valuable life lesson that we mustn’t put all our eggs in one basket, is relevant to unit trust investments as well. When you invest in a unit trust, your money is invested in a lot of different things at the same time. Depending on the type of unit trust you choose, it is possible to be invested in cash, bonds, property & shares - all at the same time. This has the benefit of ensuring that you do not suffer major financial loss should one of your eggs break, as they are all in different baskets.
Access to experts:
a unit trust allows you to invest as little as P200, but still have your money looked after by investment professionals who would otherwise not be accessible, as good fund managers require large sums of money to be able to invest efficiently.
Protection of your money & transparency:
unit trusts are very strictly regulated by NBFIRA, who set rules on how and where your money can be invested. This makes them a safe investment, which is not prone to fraud. Unit trust fees are also very transparent, with all initial fees and annual management fees disclosed to the client.
Who can invest in unit trusts?
Anybody can invest in unit trusts - both individuals and companies; as well as trusts, partnerships, burial societies, consortiums and even metshelo!
You can also invest in them for many different personal reasons, for example:
You can arrange with payroll to have your 13th cheque invested in unit trusts
You can save for your childrens’ school fees through unit trusts
You can save for retirement through unit trusts
When you retire, you can invest your 1/3 cash payout in a unit trust fund of your choice
You can save for your family’s annual holiday through unit trusts
Why should I invest in them as opposed to any other type of investment?
Unit trusts have a number of benefits that make them better than other investment vehicles:
Eggs in a lot of baskets:
The valuable life lesson that we mustn’t put all our eggs in one basket, is relevant to unit trust investments as well. When you invest in a unit trust, your money is invested in a lot of different things at the same time. Depending on the type of unit trust you choose, it is possible to be invested in cash, bonds, property & shares - all at the same time. This has the benefit of ensuring that you do not suffer major financial loss should one of your eggs break, as they are all in different baskets.
Access to experts:
a unit trust allows you to invest as little as P200, but still have your money looked after by investment professionals who would otherwise not be accessible, as good fund managers require large sums of money to be able to invest efficiently.
Protection of your money & transparency:
unit trusts are very strictly regulated by NBFIRA, who set rules on how and where your money can be invested. This makes them a safe investment, which is not prone to fraud. Unit trust fees are also very transparent, with all initial fees and annual management fees disclosed to the client.
Who can invest in unit trusts?
Anybody can invest in unit trusts - both individuals and companies; as well as trusts, partnerships, burial societies, consortiums and even metshelo!
You can also invest in them for many different personal reasons, for example:
You can arrange with payroll to have your 13th cheque invested in unit trusts
You can save for your childrens’ school fees through unit trusts
You can save for retirement through unit trusts
When you retire, you can invest your 1/3 cash payout in a unit trust fund of your choice
You can save for your family’s annual holiday through unit trusts
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