Once there were three women who got common goals on their career; the three friends are Rebecca, Carrie and Gloria. Rebecca is a financial journalist, Carrie is a hardworking columnist and Gloria is a singer. They have been friends since they were in 7th grade and know each one’s life very well.
One day, all three had breakfast in a Chinese restaurant and talks about their dream business. They all agreed on setting up a salon/ hairstyling business. They would like to enter that indulgence business wherein as women, they absolutely loves about. Rebecca plans to invest P100K and Carrie, being a single mom, plans to invest P80K. The total amount of investment is supposed to be P350K as from what they have got of the feasibility study they made for the business. The salon and hairstyle shop will be called CHARM with the tag line – “It’s a women’s secret…” J They need to have P170K to complete the investment which is an easy investment for Gloria. Gloria still sells big time from her concerts and commercials so money for her is not a problem. She trusts her friends a lot and investing into something she likes as well is enough to complete the target amount of investment.
The business has been set up and all of the required papers have been submitted. The marketing and promotion has been done as well. The last thing they are waiting is the business operation itself which they all got a problem of. The girls are all busy on their career! They have not thought of the daily operation in which there is an actual manager for the business.
Here comes their reliable friend, the gorgeous Blake. Blake had an experience in salon business for a while wherein she used to work with Bumble and Bumble back in the US. Blake agreed to be their fund manager wherein Blake asked to have P10K for her monthly salary and a 10% front load fee. The fund manager will be the person who will manage their individual investment. The front load fee that Blake asked is for the initial percentage that she will get from the payment or salary that the investors will be getting from their business. The 3 women investors then agreed that on every 90% gross they will be receiving each day from their business, the 30% will be divided each and the 60% will be for the future funding of their business wherein they are planning to set up another branch.
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. The mutual fund will have a fund manager that trades the pooled money on a regular basis.
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