Years ago, I discovered mutual funds. Discovered but never really took it seriously. Yes, I would invest probably once a year and leave it there for good.

Last I checked my mutual fund portfolio is still down. NAVPS (Net Asset Value Per Share) never really posted above my buying price. So all these years, I never really gained. Blech!

Was about to turn my back on the instrument, when I discovered a mutual fund that provides monthly dividends. So I poured resources diligently from month to month, setting aside a part of my salary to this mutual fund. Lo and behold, monthly dividends did come and now I have extra funds every month. I’m still building when it comes to this and to be honest about it, am not really concerned with the NAVPS. What I am concerned about is to grow this until it can sustain itself and provide for my retirement. I’ve got to admit, my window of opportunity is slowly closing. I am getting on in years and will need to pour more of my resources into this if I want it to have a significant impact on my life.

Mutual funds are one of those financial instruments that have been overlooked by most investors. Most prefer riskier investments i.e. day trading Equities and worse crypto. But what people need to understand is that Mutual Funds becomes significant because of consistency. Investing in it monthly regardless of the price will activate “cost averaging”, where you purchase funds whether prices are high or low, will automatically average the NAVPS. They say that, 20/20 vision is achieved when we look at the past. This was one opportunity that I kept hearing about and stupidly, and willfully overlooked. Now, am in a rush mode to achieve ideal figures for my retirement.

But for those young entrepreneurs and investors, this is one instrument that you need to consider if you wish to reap benefits when you retire.