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My New Year’s Resolutions for 2017 (Part 2) [ December 22nd, 2016 ] Posted in » Achievement 2016, My Saving Plan, News & Announcement

My New Year’s Resolutions are yearly goals that I set for myself at the beginning of a new year. They usually have to do with fitness, investment, skills upgrading, and so forth.

My Plan for 2017

Travel Abroad: Traveling is refreshing and rejuvenating. Spending holiday on your local trip might achieve the same result. However, traveling overseas helps you to escape the routine of your life, which leaves you with no other choice than to forget the stresses of home.

I noticed that traveling is something that I’m passionate about and I wanted more of it in my life. I made goals for 2017 to travel more, to gain new experiences and seek out any opportunity I could possibly find.

I love seeing the world to experience different cultures. The places that I will travel next year are.
1. Siem Reap, Cambodia (that one I’ll be ticking off in January),
2. Hangzhou, China
3. Ho Chi Minh, Vietnam

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Redeem Public Mutual Fund Online

Redeeming mutual fund is very easy and straightforward nowadays. You can withdraw your mutual funds on any business day without any charges. The unit trust management company will be obliged to purchase them so it comes with high liquidity whereby they can be readily converted into cash anytime.

As a unit holder, you will need to know that the NAV of the working day is applicable till 3pm or 4pm during redemption depending on which market you are dealing with. The value of the redemption will be based on the closing price of the business day in which the redemption request is received. Therefore, if you apply for redemption after 3pm or 4pm, you will receive the NAV of the next day.

Usually, it will take 4-10 working days to transfer the money to your bank account. In case you need money urgently, make sure you initiate the process at the beginning of the week to avoid the gap of a weekend which may cause delay in processing.

If you have a Public Bank account which linked to your Public Mutual Online account, then it’s much convenience for you to purchase, switch, sell back and check your units & value. Recently, I made redemption on the following funds through online:

i. Public China Ittikal Fund
ii. Public Singapore Equity Fund
iii. Public Islamic Asia Leaders Equity Fund
iv. PB Euro Pacific Equity Fund

Step-by-step on How to Withdraw Public Mutual Fund Online

1. Click on the “Make a Request” menu link

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July 10th, 2014 | Leave a Comment | 29,069 views

Calculate Annualised Return Using Compound Annual Growth Rate (CAGR)

Compound Annual Growth Rate measures the yearly compounded rate of investment growth over a period of time. It computes the smoothed rate of investment return for a specified number of years.

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Simply put, if an investment generated a 10% annual compounded return over a 5-year period, it means that the investment had grown 10% per year over each of the 5 years at an even pace to arrive at the final value although the actual growth rate may not equivalent to 10% each year over that 5-year period.

Let’s take an example:

- Revenue grow from RM1000 in one year to RM1500 in the next. How much growth is that?

- And what if sales grow from RM1000 to RM1500 over 3 years. How much growth is that?

Example of Simple Growth Calculation

To calculate simple growth, subtract the final value from the base value and divide the result by the base value. Then, multiply by 100 if you want to show it in %.

(1500-1000) / 1000 = 500 / 1000 = 0.5

((1500-1000) / 1000) * 100 = 50%

Example of Annual Compound Growth Rate (CAGR) Calculation

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July 3rd, 2014 | Leave a Comment | 13,379 views

Real Property Gains Tax (RPGT) Rates Increased in Malaysia

As everybody known, the RPGT rates on gains has been raised from disposing of real properties with effect from 1 Jan 2014.

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Under this new property ruling, any gains on properties sold within the period of the first 3 years, the RPGT rate is increased to 30% to individual and companies as well. Those holding within the period of 4 and 5 years, the RPGT rates were increased to 20% and 15% respectively. However, for properties sold in the 6th year or thereafter, no RPGT is imposed on any transactions happen on residential units whereas commercial ones are taxed at 5%.

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For foreigners, the RPGT is imposed at a rate of 30% for properties sold within the holding period of 5 years, and RPGT rate is imposed at 5% for any properties sold in the 6th year and thereafter.


Let say Mr. Lee bought a unit of condominium from a property developer on 1st March 2012 at a price of RM 265,000 and sold his property on 1st Jan 2014 at RM 350,000. So, this property is sold within 2 years from the date of purchase.

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June 23rd, 2014 | Leave a Comment | 5,433 views

How the Unit Trust Distributions Are Calculated?

A unit trust distribution represents a portion of the total income that it earns during the year. However, there are still many do not know how to calculate the unit trust distributions. Let me share by creating a simple scenario which will help you to understand better on the calculation.

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Let’s take an example:

You own 4000 units of a unit trust. On May 31st, before a distribution, the unit trust is valued at RM0.27 per unit. So, the total value of your investment is RM1,080.

On May 31st, the fund managers review the income of unit trust. This total income is divided by the units. Let say it results in a distribution of RM0.01 per unit. Therefore, each unitholder will receive a portion of this income in proportion to the number of units he/she owns. So, you receive a distribution payment of RM40 (RM0.01 per unit multiplied by 4000 units owned).

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June 18th, 2014 | Leave a Comment | 6,954 views

Stress of Owning A Car in Malaysia

Buying a car can be really costly to young adults of low to medium income group in our country these days. I worked out a basic calculation on the average income for a young executive to have a basic idea on an individual’s financial situation.

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Assuming that a young executive with 3-4 years of working experience, and is earning about RM3,500 a month. He has committed to his parents and monthly household bills to about RM900 per month (Note: This is just a rough estimate and it varies depends on the location of stay).

Other monthly expenses such as paying for personal insurance, food, utility and phone bills, entertainment expenses amounting to RM1,000. Of the remaining RM1,600, RM1,200 is channelled to his loan repayment for car, petrol, toll and parking fees.

If there’s no additional spending on other items, he will be able to save about RM400 a month only. In this case, I’m assuming that he is living with his parents so there’re no rental expenses incurred.

As you can see, the expenses on his car alone take up one-third of his monthly income, and this has not yet included the depreciation of the car which could easily range from 10- 20% per year.

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June 16th, 2014 | Leave a Comment | 4,493 views