2009 May | Malaysia Financial Blogger | Financial Freedom Ideas

What’s Your Expected Salary Increment for Year 2012? [ January 25th, 2012 ] | 303 views | 2 Comments

Just wondering, what’s your annual increment like? Normally, the increment can range between 5-20% which depends very much on individual performance, size, nature, and culture of the company.

salary increment

However, for those skilled employees, the wages are still linked to experience, productivity and demand. Most of the organisations are still willing to offer attractive remuneration packages for candidates equipped with the desired skills. Thus, highly skilled and productive employees are more likely to earn more.

2 Comments | Posted in » Achievement 2012, Finance Tips

How To Invest Public Mutual Fund Using EPF?

At first, I would like to take this opportunity to say thank to my friend who is also Malaysia’s Public Mutual Agent as he provides this kind of EPF investment information for me to share with you all.

public mutual fund

For those of you who have not invested in unit trust using your EPF, it’s time to invest. EPF themselves uses OUR money to invest in funds to earn returns to pay contributors smaller dividends. Last year 4.5%. Where else if you invest directly into unit trust you can earn between 10-12%.

As I known, this new investment scheme started since 1st February 2008, all investor can invest but not more than 20% of their savings in EPF account 1. This kind of investment only allows investing once for every 3 months and minimum investment is RM1, 000.

How To Apply?

EPF

1) Photocopy of your NRIC (both side)
2) Fill up KWSP investment form with some personal details
3) Fill up mutual fund companies investment forms.

What Fund Can You Invest?

All funds that has approved by EPF:

i. Public Regular Savings Fund (PRSF)
ii. Public Index Fund (PIX)
iii. Public Islamic Equity Fund (PIEF)
iv. Public Islamic Balance Fund (PIBF)
v. Public Islamic Sector Select Fund (PISSF) - CLOSED
vi. Public Sector Select Fund (PSSF) - CLOSED
vii. Public Select Bond Fund (PSBF)
viii. Public Money Market Fund (PMMF)
ix. Public Islamic Money Market Fund (PIMMF)
x. Public Islamic Select Treasures Fund (PISTF) - NEW!!!

How Much You Can Invest In EPF Approved Unit Trust Fund?

May 31st, 2009 | Posted in » Bank & Investment, Public Bank & Mutual, Retirement Planning | 83 Comments | 52,607 views

Know The Basic Rules of Paypal Before Making Online Purchase

I have received an email from my reader who asked me about online buying stuff. He asked me whether still could contact Paypal or Western Union get back the money if the item was not received or shipped by seller.

Photobucket

Based on my understanding, i think the person need to lodge a complaint to PayPal within 30 days. If they investigate and find it is true, then you should get back your money. BUT with the condition ONLY IF the seller has not withdraw money out of his account! So, PayPal is NOT 100% safe for buyers.

How Does Paypal Works?

May 27th, 2009 | Posted in » Online Transaction, Paypal | 6 Comments | 3,667 views

Why Malaysia Bank Fixed Deposit Higher Than Other Country?

The ringgit is likely to depreciate against the US dollar this week. As of Friday, the ringgit was trading at MYR3.50/US$1 if compared to last 2 week was MYR3.46/US$1. This same happened to MYR/SG$.

Calculate Fixed Deposit Rate Should Be Based On Currency Rate

As a comparison, if you deposit RM1, 000 into Malaysia Fixed Deposit Account, you might be able to get return of 2.5% per annum (current FD rate) while Singapore banks offers around 1.5% per annum for Singapore dollars, it might sound like a very good deal to convert all your Singapore dollars to Malaysia Ringgit, then deposit into Malaysia Fixed Deposit Account, right?

You should do some careful calculation and consider about the factor in currency depreciation. As everybody known, Singapore dollar has traditionally appreciated against the Malaysian Ringgit. From Jan 2008 to May 2009, SG$1 has risen from RM2.30 to RM2.40, a 4.34% increased.

currency

Lets Take My Example:

May 24th, 2009 | Posted in » Bank & Investment, Finance Tips | 6 Comments | 7,297 views

Best Way To Increase Blog Traffics Using Twitter

Recent report shows that social networking site is now more popular than email. I have done my findings and noticed that Twitter has a skyrocket growth recently. It has high Alexa ranking which is #48. (replaced Facebook position, Facebook ranked #48 previously, #4 currently). Facebook is the most popular network around. Between Facebook and Twitter, you can build quite a following.

Twitter, is a popular Web 2.0 client and it has many usage. It allows you to discuss topics to others, throughout the day via Twitter. Thus, it can be a useful tool for your business or as a way to promote your blog or website.

How To Get Targeted Traffics With Twitter?

May 21st, 2009 | Posted in » Internet Resources, Make Money Online, New Trends | 10 Comments | 5,529 views

Sukuk Simpanan Rakyat With 5% Fixed Guarantee Return

BNM

A bit late for me to update this type of investment scheme, but this information could help you in future. As everybody known, global economy crisis had hit the bank fixed deposit interest rates dropped to 2.5% or below. However, it’s good news to public because Sukuk Simpanan Rakyat was launching new units during this 2nd quarter of the year.

Sukuk Simpanan Rakyat

How Much I Know About Sukuk Simpanan Rakyat?

May 18th, 2009 | Posted in » Bank & Investment, News & Announcement | 12 Comments | 5,244 views

Island Red Café Investment Plan

Have you heard Island Red Cafe, like Old Town style restaurant? It is multi level marketing which recruiting more members to join then can get commission. You need to invest RM6000 then can enjoy 5% fixed guarantee return each month without recruiting any members. For me, it sounds like a pyramid scheme.

IRC

Why I Don’t Dare To Invest?

I took dinner with one of my friend at there last time, food is not very good, services also very bad, and there have a lot of market competition already, plus they do not have something special about their franchise. So, common sense, if food not tasty, for sure business will be affected, so will they still able to pay 5% as fixed guarantee return?

Good Payout Is Not Equal To Company Making Huge Profit

May 15th, 2009 | Posted in » Bank & Investment, Business | 168 Comments | 26,618 views

Send Free SMS Using Wadja

Wadja.com is a Mobile Social Network. You can try to sign up and send FREE SMS to your friend’s mobile phones anywhere in the world. Another thing is, once you add your mobile phone number to your Wadja profile, you can receive SMS from other Wadja users also.

After I have done my research and findings, I really don’t have patience to sign-up. Once you sign up successfully, then you need to verify in your email.

After login, then go to choose ‘SMS’ and key in your recipient mobile number. Make sure that the mobile number should be in the following format: + country code, area code, and phone number…e.g. in the MY (+6 016 488xxxx).

You can then write your subject (based on my testing, it’s useless and won’t be display) and message body and click send. Your message is immediately delivered to your friend’s mobile phone inbox through a SMS alert.