While mutual funds are a big help when it comes to letting your money grow by itself, Sun Life has created a better solution for those who have goals of say, getting a house or their children education funds for college. The Sun Life Prosperity Achiever Funds.
Get acquainted with Prosperity Achiever Funds:
When it comes to doing Mutual Funds, I always prefer long term and moderate to high risk investments, depending on the state of things, or the economy we have recently. That's what is listed with my Financial Advisor to do just that... But ultimately, why I prefer long term is because I intended to use the possible earnings from the mutual funds to help out with my kid's college tuition when the time comes.
The Sun Life Prosperity Achiever funds is a time bound mutual fund, or what you call target date maturity. The idea is to invest your money on equities or stocks that may yield high returns, and they use a so called glide system where SLAMCI's pro fund managers will systematically move the assets of your funds to fixed income, and these funds become less aggressive as their target dates near.
Here are your choices:
Achiever Fund 2028 (10 years)
The Prosperity Achiever Fund 2028 is suitable for investors with a 10-year investment horizon, and may be hoping to purchase of a car or set-up of a small business.
Achiever Fund 2038 (20 years)
The Prosperity Achiever Fund 2038 is ideal for investors with a 20-year investment horizon. Ideal for those in their 30s or 40s, it is recommended for those who may be looking to prepare for cost of their child's education or aiming to purchase a house.
Achiever Fund 2048 (30 years)
If you really want to go big then this is for you. For investors with a 30-year investment horizon. It will work well for those in their 20s or 30s, as it will enable then milestone purchases, or prepare for their retirement.
With a promising growth of the economy and slowing down of inflation, I believe this is the best time to invest on mutual funds.
To know more about the Sun Life Prosperity Achiever Funds, visit the official website or consult a Sun Life Financial Advisor. You may also call (02) 849-9888.