Public Mutual | Malaysia's Financial Blogger | Financial Freedom Ideas

Can You Survive With Salary RM3,000 If You Have Family? [ March 16th, 2010 ] | 288 views | Leave a Comment

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?

Do You Invest In Unit Trust ?

I owned some public mutual funds and the prices dropped so badly since the day I put in money. Now the loss is about 5%-8%. Anyway, now is not a good time to invest in UT. The financial professional predicted that the market would continue to go down until 2009. If you feel that it’s the best time to go in then you can make a commitment to invest consistently and wait for the market to reach the up cycle again and you can sell off all your units for a handsome profit.

PCSF
PCIF

Public Mutual Old System Vs New System

There have been quite a few people get confused by the Public Mutual new system. Yes the calculation is slightly different now. So which calculation actually benefit the investors more ? The answer is…
*People who get used to previous system can refer to Case B.

Case A:Assume that investor would like to invest MYR 10k into PFEPRF during offer period excluding service charge which the NAV is RM0.25 and the service charge is 5.45%.

Service charge 5.45% = 0.0545

Total service charge = Effective Investment amount * Service charge
= MYR 10,000 * 0.0545
= MYR 545

Total payable amount = Investment amount in PFEPRF + Total service charge incurred
= MYR 10,000 + MYR 545
= MYR 10,545.00

Number of units = Effective Investment amount/NAV per unit
= MYR 10,000/RM0.25
= 40,000 units

Case B:
Investment MYR 10k inclusive of initial service charge(5.45%).

Effective investment amount = Total Paid Amount/(1+service charge)
= MYR 10,000/(1+0.0545)
= MYR 9483.17

Number of units = Effective investment amount/NAV per unit
= MYR 9483.17/MYR 0.25
= 37932.68 units

Effective investment amount = Total NAV
= NAV per unit * Number of units

July 11th, 2007 | Posted in » Public Bank & Mutual | 1 Comment | 833 views

Public Mutual Property and Resorts Fund

Public Bank’s wholly owned subsidiary, Public Mutual will be launching two new funds on 10 July 2007, which are Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Select Bond Fund (PISBF). PFEPRF is an equity fund to achieve capital growth over the medium-to long-term period by investing in property investment and development, hotel and resorts development, and real estate investment trusts (REITs) in domestic and regional markets.

Launching at a NAV of MYR 0.25 per unit, PFEPRF is suitable for moderate investors who can expect longer periods of market highs and lows in capital growth. During the 21-day initial offer period from 10 July 2007 to 30 July 2007, a promotion service charge of 5.45% of NAV per unit is levied. The minimum initial investment for the fund is MYR 1k and the minimum top-up is MYR 100.

July 10th, 2007 | Posted in » Public Bank & Mutual | 4 Comments | 1,172 views