2010 March | Malaysia Financial Blogger | Financial Freedom Ideas

My Investing Strategy for 2012 [ February 5th, 2012 ] | 165 views | Leave a Comment

Although the market outlook is uncertain due to the European debt crisis but I will also plan to make minimal stock investments. I will only invest my savings in high yield dividend stocks when the market plunges. I think property is the best hedge against inflation. Therefore, I will invest in a medium cost apartment soon. Besides, gold is another option to preserve our money and diversify our portfolio. It would be great if you can plan to allocate some funds for gold of 20g to 50g.

investing strategy

My recent strategy is to invest for income and capital preservation in view of the market volatility. For my unit trust investment, I will try to diversify by allocating one third of my portfolio into medium term aggressive fund. Meanwhile, for my stock portfolio, I will try to minimize my risk by investing in defensive counters which also provide dividends consistently.

Leave a Comment | Posted in » Finance Tips

Transforming Malaysia into High Income Country?

Our Prime Ministry Najib announced that he will planning make Malaysia a high income country, like the developed countries in Asia, America and Europe. To reach that status, the per capita income of a Malaysian citizen must be at least US$15,000 and currently the per capita income is US$7000.

per capita income

Based on the history record, Malaysia per capita income was US$500 at independence in 1957. Thus, it took 52 years to achieve $7000. Do you think Malaysia can reach a per capita income of US$15,000 in the year 2020? Or our government needs to take some action to increase our citizen wages?

March 31st, 2010 | Posted in » Economic Analysis, News & Announcement | 5 Comments | 7,034 views

How Do You Manage Your Credit Cards?

fix credit

Almost every year, many consumers suffer from bad credit due to different reasons. As I known, only small portion of them have successfully managed the credit repair to really shine them and regain their good credit standing. Others failed due to they’re not being aware of their real situation.

March 30th, 2010 | Posted in » Other | Leave a Comment | 3,113 views

Calculate How Much Monthly Income Tax Do You Need To Pay ?

If you are an employee with taxable income, have you notice from your monthly payslip that the Potongan Cukai Bulanan(PCB) rate starting from year 2009 is different than previous?

lhdn malaysia

Comparing the old schedule PCB 2004 with the new one PCB 2009, we can notice that there are the differences for:

i) A single person with monthly income of RM2,401 and above will be taxable and eligible for the PCB deduction scheme, whereas previously was RM2,551 and above.
ii) A married person with RM3,251 and above will be taxable and eligible for the PCB deduction scheme, whereas previously was RM3,401 and above.

How to Calculate Monthly PCB Income Tax in Malaysia?

March 28th, 2010 | Posted in » Finance Tips, Income Tax | 3 Comments | 19,023 views

Good Idea to Invest in Car Parking Lots?

Many people feel that one highly generated profit in the real estate business is the car park sector. Why they are thinking like that? It’s because there’s just minimal maintenance and low labor cost (or even none), so running a car park business can gain great return in long term.

Invest in Car Parking Lots

From what I’ve surveyed recently, nobody is sure about investing money into stocks, bonds, and mutual funds. So, they are searching for new investment opportunities and one of the new ideas for them is investing in car parking lot. Yes, one of the nice things about investing in car parking lot is that there are lots of different investment sizes that you can make. You can make your own decision whether to purchase a small number of spaces or hundreds of spaces. Thus, this kind of investment is more versatile.

March 25th, 2010 | Posted in » Bank & Investment, Business Idea | 5 Comments | 5,361 views

Penang International Property Expo 2010

Penang International Property Expo is one of the biggest one-stop property, home and lifestyle exhibitions in the northern region, and it is certainly an event not to be missed. If not mistaken, PIP Creation Sdn Bhd is organizing the 5th annual property fair at this coming weekend.

PenangInternationalPropertyExpo2010

If you are planning to get yourself a new house or property investment, then this is a good opportunity for you to take survey on the properties you like. This kind of event showcase sure will have a lot of lucky draws, and door gifts. If you want to know more, you can check for the program details and schedule below:

Date: 19th to 21st March 2010

Time: 11am to 9pm

Venue: Penang International Sports Arena (PISA)

Admission: Free

March 19th, 2010 | Posted in » Penang Event, Property | Leave a Comment | 5,571 views

Can You Survive With Salary RM3,000 If You Have Family?

Do you think that you can survive with salary RM3,000 in Malaysia nowadays. Based on my personal survey, I noticed that in Malaysia, the average family income is RM3,000 per month. But, I do understand that there are still many families whose monthly income does not reach RM3,000.

monthly_salary

In order to make calculation simple, let’s take RM3,000 as the figure:

Electricity bill: RM40 (Assume no air-con, no water heater)

Water bill: RM10

Phone bill: RM100

Family meal: RM900 (3 meals on RM30/day)

Car repayment: RM450 (A Perodua Myvi, 5 years repayment)

Petrol fees: RM150-200

House repayment: RM550 (Assume living in low medium cost apartment)

Personal insurance: RM400 (combination of you and your wife)

Total monthly expenses: RM2,650

All the above calculation have not taken into account when you have own children. Besides, the EPF and income tax haven’t deducted. So, do you think family with salary RM3,000 enough to survive? Obviously, you will say cannot, am I right?

March 16th, 2010 | Posted in » Economic Analysis | 3 Comments | 5,002 views

KWSP Malaysia for Monthly Housing Loan Payment

kwsp_malaysia

I heard a lot of forumer keep on discussing about this issue recently - KWSP steal citizen money! KWSP allow monthly withdrawal from EPF account 2 for the monthly housing loan repayment. But, from their discussion, some of them said that the withdrawal plan is actually a SCAM! I am sure you will feel keen to know more on this issue, right? Let me share with you what I’ve heard:

We take an assumption here:

If you have RM50,000 in your EPF account 2 and your monthly housing loan’s installment is RM1000/month. KWSP will approve your application of withdrawal from your EPF account 2 of RM50,000 and pay you RM1000/month for the next 50 months.

The only thing that KWSP did not inform us in detail is that when the application was approved, will the total amount RM50,000 is removed from EPF account 2? In the other words, it appears to be transferred to an unknown account to effect the monthly payment?

March 13th, 2010 | Posted in » News & Announcement, Retirement Planning | 7 Comments | 15,177 views