It’s the end of the year and all of us, hopefully – have looked back and reviewed how we fared in terms of saving and investing. 2018 gave investors, big or small, mixed sentiments with extreme highs and lows. Give yourself a pat on the back if you kept calm during the market turbulence and remained consistent with your investments such as a mutual fund or investment linked insurance (VUL).
Continue reading if you are looking for more ways to reach and level up your financial goals in the new year or, if you are just about to start investing.
What’s New: Sun Life Prosperity Achiever Funds
2019 will be welcomed by a new type of investment product offered by Sun Life Asset Management Inc. called the Sun Life Prosperity Achiever Funds. This product is a form of mutual fund but with a suite of specific target dates that investors can choose from. Why target dates? Because these mutual funds are designed to meet the client’s different life goals such as a child’s education, buying a new home, or even retirement.
Because the mutual funds have specific target dates, fund managers are able to find ways to maximize returns and minimize risk as the target date of each fund approaches. This ensures that clients can preserve the amount they invested and enjoy the gains they accumulated to help achieve their goals on time.
Once the Sun Life Prosperity Achiever Funds are available, clients can choose from these different funds with their own target date. Choose the year closer to your life goal or when you think you will need to utilize your investment:
- Achiever Fund 2028 – 10 years from now
- Achiever Fund 2038 – 20 years from now
- Achiever Fund 2048 – 30 years from now
If you are about my age 30 and looking to start a fund for your child’s college education, then go for the 2028 target date. It will also depend how young or old your child is. The 2038 and 2048 target dates are attractive for building up funds for retirement. Other goals could be a wedding, travel, or a home or car purchase.
Which target date do you think is right for you? Pursuing our life goals is easier when we are specific about time and consistent in our saving and investing habits. Investing in a product like the Sun Life Prosperity Achiever Funds can help us stay on track.
Reasons to Stay Invested in 2019
For me, starting to invest and continuing to invest in any given year is better than not investing at all. Keep your eyes on the goal. My goal in investing is to have a healthy and comfortable retirement in the future. This could be 20 to 30 years from now. “Market turbulence” which means dips and rises in the stock index caused by politics, trade wars, etc. should not keep us out. In fact, 2019 looks like a brighter year for us Filipinos.
Michael D. Enriquez, Chief Investments Officer of Sun Life Financial Philippines offered key insights that increase optimism. Inflation which was the biggest concern of many is peaking but it is addressed and the BSP is aggressive in addressing inflation fears. The Peso is also expected to be stronger in 2019 with foreign funds seen coming back into the market. GDP is expected to reach 6.6 in 2019 and reach 7.0 by 2020. All of these make the forecast that we can expect a better and less volatile market for 2019.
There’s really no better time to start and keep investing than today. With products like the Sun Life Achiever Fund, clients can become more confident investors, become a part of the growing PH economy, and benefit from it.
To learn more about investing in mutual funds or in an investment-linked insurance policy, find a financial advisor and plan your future today.
