As you know, recently Bank Rakyat has been given the approval to increase its share capital by RM1billion with an increase of 1 billion shares. There are conflicting reports that existing members and cooperatives will be given priority over new members, but the way I see it, it is the contrary.

Read More

The topic that we will discuss is about retirement fund. Have you ever wondered how much do you need to retire? Well it’s all depends on the lifestyle that you want to retain during your retirement. To be more precise,  the power of expenses that you want during retirement. Because inflation causes the value of money to lessen each year, the table below will show the amount of fund that you need to have to retain a lifestyle worth 3000, 5000, and 7000 worth of today’s Ringgit. Read More

Daud has an outstanding RM 20 000 loan from PTPTN that he need to pay. He plans to pay the loan in lump sum after 5 years, assuming he did not sign up for the 1% Ujrah payment method that will make this technique irrelevant and also assuming he somehow avoided PTPTNs blacklist effects. Now let see how much actually that he has to pay after 5 years if the annual interest rate charge by PTPTN is 3%. Read More

“ The average EPF contributor’s have only RM 94 000 at age 55” -  Personal Money, 2004

“ An average EPF contributor would have exhausted 70% of their retirement benefits in just 10 years”. – Personal Money, 2007

Read More

Do you want to invest but don’t have the cash? Don’t worry. Did you know you can use money from your EPF account to invest in unit trust? In fact, you can invest your EPF money every 3 months. What you have to do is to check your EPF statement and check the balance in your account. Read More

Have you ever wondered what is the difference if you invest now rather than later?

Here we have an example to illustrate what we are talking about. Let’s say Lim started investing since he was 18 years old and Khoo only starts investing since he was 28 years old. Let’s also assume the return of investment is estimated at a conservative 10% per year (Yes, for Unit trust 10% is quite a conservative estimate). Read More

Earlier we have looked into Unit Trust. Now, we look into compound interest which is closely related and the backbone of unit trust.

Have you ever heard of compound interest? Compound here does not mean the compound you have to pay when you get a speeding tiket but on the contrary, it’s a reward you get when you invest for the long term. This is probably why your unit trust agen will always advise you to invest for the long term, because the longer you invest, the bigger the reward you will receive. To help you understand this concept, lets see the example below : Read More

Editor’s Note: I would to introduce you to our newest contributor, Sheyzal Azman.

He is a Financial Consultant specializing in unit trust.

He was interviewed by the Personal Money magazine in the March 2009 edition.

In this part, he will introduce us to Unit Trust.

WHAT IS UNIT TRUST INVESTMENT?

Unit trust investment is a collective investment method that pools the resources of many individual who have the same investment objective. The investment will be managed by a professional fund manager according to the fund portfolio and objective. Read More