“I have been working for 20 years, yet I have very little cash in my savings. Sometimes I wonder where all of my money have gone to” - Mrs Chong, Executive
Does the above statement sound familiar? If you ask around, you are sure to find at least one person you know, who share the same sentiments as Mrs. Chong.
If you are thinking of improving your financial health, first, you need to be able to recognize your financial mistakes so that you can learn not to repeat them.
Here are some commonly made money mistakes that everyone should avoid:
Mistake #1:
Failing to Plan
If we carry out a survey on the people around us, we would be sure to find that not many of us plan our finances. The most common response that we can anticipate would be the classic excuse “We are just too busy with work and family that we hardly have any time left to do the planning”. As a result, most of us end up paying higher taxes, leave our savings sitting silently in lousy investments for years or overpaying for financial products. Since there are always deadlines to be met at work, we tend to let our finances run its own course, thinking that it is of lower priority as there are no deadlines to meet nor is there anyone to force us to look into our financial plans, unless of course we run into serious deficit.
However, the important point to note here is that PLANNING is typically found to be a strong habit among people who have successfully accumulated wealth, even with just a modest income.
Mistake #2:
Spending Beyond Our Means
Nowadays, we constantly overspend due to peer pressure and consumer temptation that surround us on a daily basis. We are, to a certain extent, exposed to mild brainwashing with TV commercials, newspaper ads, sale circulars, and flashy shopping malls promoting the lifestyles adopted by the rich and famous, which of course involves having the latest mobile phone models, the latest luxurious cars, latest fashion trend. All these tempt us into spending exorbitantly and unnecessarily. The signals we get from not jumping on the bandwagon is that we will be considered left out of today’s scene. However, in order to do so, far too often, we end up spending way beyond our means. We will find that at the end of each month, the net salaries that go into our bank account are usually meagre, after servicing our car loans, housing loans, credit card bills and other utility bills.
Mistake #3:
Spending Future Money
Buy now and pay later! This has become a norm nowadays and the credit card has become a must-have item in our wallet. In fact, a lot of us carry more than one in our wallets. No doubt it is a convenient item to have around, however, some of us misuse it and treat it like a vehicle to spend our future money at will. It has become a common phenomenon where, by just settling the minimum payment at the end of the month, you will buy more now. As a result, the credit card bad debt snow-balls to an extent beyond our control. According to the bankruptcy report, the percentage of people declared bankrupt due to default in credit card payment has increased in the last few years especially among the younger age group. Be wise when using credit card. Making minimum monthly payment on credit card debt allows you to buy more now, but it will cost you dearly in the future.
Mistake #4:
Delaying Saving for Retirement
Most of us aim to take up early retirement. In order to achieve this, we need to plan our finances to make sure that we have enough savings to sustain the life style that we desire even after retirement. However, many of us find that even when we approach retirement, we still struggle to meet the savings target that we have set for ourselves earlier. As our income grows, our savings are supposed to increase as well, instead, we more often than not, have big items to spend on, i.e. house upgrading, new car purchase, club membership to keep up with our peers, etc., that prevents us from depositing more into our savings.
Mistake # 5:
Investing in the Wrong Products
There are various kinds of financial products in the market. However, in order for us to identify the right product that suits our risk and return profile, we need to equip ourselves with some basic investment knowledge. Read the financial press reports, articles on personal finance and books or magazines on investing. Seek help from full-time & licensed persons and Certified Financial Planner (CFP).
Mistake #6:
Not Saving for a Rainy Day
Some of us think that purchasing insurance is a waste of money. However, we are vulnerable if we and our family do not have insurance to cater for any loss of income. In the event of some unfortunate incident, especially those affecting the family’s bread winner, without any cash reserve or insurance, it will be devastating to the whole family. By then, it would be too late to start thinking of income replacement.
Mistake #7:
Focusing Too Much on Money Matters
All the above tell us to focus on our finances. However, on the other extreme, we must also not be too engrossed in accumulating our wealth to the extent that we lose sight of other priorities in our lives. While we plan our financial health, we must not neglect our own health, family and friends, career satisfaction and fulfilling interests. Without these, even with tons of money, we will not be happy.
Lastly, we need to remind ourselves of the importance of planning our finances. If we are not fully, totally and truly committed to creating wealth, chances are wealth will remain estranged to us.
Have a great month ahead!
MOHD NAZRI MD SALLEH, CFP
019-2121210
nazriina@gmail.com
Standard Financial Planner Sdn Bhd (490804-K)
Financial Planning
Unit Trusts Investment
Life Insurance / Takaful
General Insurance
Will & Trust
(CFP=Certified Financial Planner)
21.May.09 
Uncategorized 
Read more 
Comments (0)
Dapat award masa Annual Dinner at Sheraton Subang.
21.May.09 Uncategorized Read more Comments (0)
As competition is heating up amongst the commercial banks for banking on home loans, more new home loan promotions and competitive refinancing packages are available in the market to entice homeowners to refinance their existing loans. Following the latest cut of interest rates by Malaysia’s central bank, most commercial banks have already revised their base lending rates (BLR) from 6.75% to 5.75-6.0%. With interest rates trending lower, it is a good time to review, restructure and refinance your existing loans. There are several good reasons that home owners would benefit from switching their loans to a new loan with lower interest rates;
- Lower your monthly installment payment
- Debt Consolidation
- Using the Existing Equity in the Home
- Shorten the term of your home loan
- Combine a first and second mortgage
- Reduce the interest you pay over the life of the loan
- Switch from conventional housing loan with variable rate to a fixed rate loan or Islamic loan (or vice versa)
- Eliminate MRTA mortgage insurance
Before opting to refinance, it is important for home owners and property investors to consider the savings or benefits of refinancing vis-a –vis the costs of refinancing. Do your own break-even analysis between long term savings and refinancing costs to determine whether the savings really outweigh the costs of refinancing or otherwise.
However, there are circumstances whereby refinancing might not give you the maximum savings such as when you have short remaining years to retire your loan etc. Refer Why say no to refinancing.
For Malaysia home owner as well as property investors who are uncertain of holding the property for long term or you have plans to sell off the property in the near term, not all refinancing packages will provide you the best refinancing benefits. Refinancing packages with features of “Zero-Entry Cost” or “Zero-Moving Cost” may not necessarily the best option, depending on your financial needs. Under such packages, although you are not required to pay any processing fee, legal fees, stamp duty, valuation fees upfront, the loans are subject to higher interest rates and imposition of exit fees or early redemption penalty up to 5% of the loan amount (vary from bank to bank) in the event that you choose to redeem your loan within the lock-in period of 5 years. Example if a house owner has to redeem his loan of RM200,000.00 within the lock-in period, he has to pay 5% of exit fees ie RM10,000.00!!!
We have come across property sellers who were stuck with loans with lock-in period and only realized that if they decide to take up a good deal offered by interested buyer, they have to pay the exit fees for redeeming the loan prematurely. On the other hand, if they choose to wait until the expiry of lock-in years ie after 5 years to avoid payment of exit fees, they might lose the opportunity of capitalizing gains or losing the sale due to changing market conditions. For investment properties, the better alternative is to look for refinancing packages with no exit fees or shorter lock-in period which give you more flexibility in terms of selling / renting, though initially you may have to pay slightly higher interest rates and documentation costs, it is still better than paying exit fees which could end up diluting your capital gains.
Below is a simple checklist to guide you on home loan refinancing :-
1. Get information on the current mortgage
For the current mortgage, you should be able to get the following information from the bank:
- the outstanding balance or ringgit amount left on the mortgage;
- the remaining number of years on the mortgage; and
- the interest rate on the loan.
2. Get information on the new loan
For the new loan, you should get information on the following:
- the terms or the number of years of the new loan; and
- the interest rate on the new loan.( the latest interest rate can be as low as BLR - 2.4% )
3. Get the costs of refinancing
The costs you are likely to encounter when refinancing include:
- processing fee or application fee;
- credit check fee;
- legal fees;
- stamp duty;
- disbursements fee;
- valuation fees; and
- redemption fees (if applicable)
4. Shop for best refinancing loan packages that suit you.
- Find out the latest home loan promotions by various lenders in Malaysia :-
-Malaysia Home Loans - What’s New (January 2009)
-Conventional home loan packages
-Islamic Home Financing Packages
-other home loan packages offered by non-bank lenders.
This article is contributed by Sr Tan Chai Liang & KC site.
26.Feb.09 Uncategorized Read more Comments (0)
From time to time, there are certain changes in our lives that may have a significant impact on our insurance needs. We should think of it as a checkup. Most of us go for medical checkup once a year. It might be a simple blood test or a full body examination. Our financial security also needs preventive medicine as maintenance. Needs change over time, sometimes it is much more rapidly than we realize. These below circumstances shall trigger us to revise our wealth protection needs.
Change in Human Economic Value
How do we calculate our human economic value? There are a few formulae but all the equations are tied to our earning capability.
1. When we earn more
After the yearly performance review, some of us will get promoted to a higher rank with more handsome pay. When your company is doing well for the pass year, you will most likely get an increment too. If your annual income has increased by 10% or more since you last updated your protection coverage, this is the right time to revise it. A key purpose of life insurance is to replace lost income. Please make sure your current coverage is in line with your needs. For example, the critical illness coverage need is about three time of our annual income. We shall increase our protection to meet our earning power.
2. When there is significant changes in our health
Most people only feel the needs to get insured when they detect deterioration of health. But isn’t it too late already? When this happens, the proposer is regarded as sub-standard life. The insurance company may impose loading or exclusion clause to be fair to those who are standard healthy lives in the same pool. The best time to get insured is when you are in great health condition, haven’t been hospitalized before or advised to take any long term medication. Get help from an experience & full-time insurance agent or financial planner who can advice and help you to come up with a good proposal.
3. When we get bonus from inheritance
Getting extra inheritance means our net worth has just increased. This will normally resulted in increased passive income such as rental collectable and dividends from stock. When this happens, either we earn more and increase our cash flow, or we spend even more to fulfill our instant gratification. Either way will still affect our insurance needs.
4. When there is a shift in income
Such changes happened when we or our spouse resumed or discontinued work. This creates shifts in income. The rule of thumb is to insure more on the person who earns more. However, don’t look down on housewives, or male home maker. Without them, we still need to hire baby sitters, maid, and even home tuition teacher to be able to comply with all the works previously taken care of by our spouse.
Change in Life Commitment & Responsibility
1. When we take up more debt
This occurs when we purchase a new home, or taking up more business loan to expand our business. Life insurance is a great tool to cancel your liability in the event of death, disability or even disease. Since we are paying interest for the mortgage or loan, we shall treat the insurance premium to cover the debt as part of the interest charges we pay. If the interest rate is 5%, we pay an extra 2% annually to get an adequate life insurance coverage. Total of interest now become 7%. Although we are paying more and reducing our positive cash flow, the return is significant at the event of unexpected disaster. We are actually using the bank’s money to insure our life and our assets indirectly! Life insurance is cheap!
2. When we get married
When a person marries their life insurance needs change as they have a partner to consider. It’s important to think about how our death may impact our spouse’s financial future and set our insurance policy at a level that will allow them a comfortable future. Love is not only shown by our words. Action says the words…
“Sum assured equals level of love”
3. When we got kids
When a couple welcomes a new baby into their family their financial situation changes and it’s important to consider the fact that their life insurance now needs to cover additional expenses. We may also be thinking about our desire to provide college funding for their future. Life insurance can help to provide for educational expenses if we die prematurely. There are also more needs if we intend to create a child incentive living trust to manage the risk of double tragedy.
4. After divorce
Unfortunately this happens every day all around the world. I have clients used to be couple, but then divorce and still remains as my clients separately. The first thing they do in the policies review is to change the nominees. If they had joint life insurance policies it’s wise to revert back to an individual policy and have the beneficiary changed as well if it was their former spouse.
5. When we are taking on the financial responsibility of an aging parent
Taking care of an aging or ill parent is one of the toughest
responsibilities some people will ever face. So many caregivers feel overwhelmed. It is better to take the preventive precautions rather than solving the financial problems when it is too late. Buy medical insurance for our parents when they are still insurable.
6. When we are entering retirement
Some of our insurance plans include cash value that can be accessed to supplement other retirement income, while the coverage can be used to provide additional income to a surviving spouse, pay off debt, pay any resulting estate taxes or income taxes, or create a charitable gift at the time of our death. But most likely our commitment is lowered because most children have grown up and independent. Annuity that can provide a stable income stream might be the next insurance product we are looking for.
Change of Risk in Life
1. When we change occupation
Actually, there are time before medical insurance coverage from our new employer begins. We should always have a personal hospitalization and surgical benefit covered at all time regardless of being employed, or self-employed. When we change job functions, we might be exposed to higher risk. For example, one of my client is an auditor. He takes flights quite often nowadays compare to his previous job. Topping up his coverage is a must.
2. When we pursue risky interest
Did you ever think of doing that exciting bungee jump? or deep sea diving? or car racing? Dangerous sports incur more risk and the insurance company would like to access our condition again.
3. When we stop smoking
It’s a well known fact that individuals who smoke pay higher life insurance premiums than non-smokers. If you have stopped smoking for a length of time you may be eligible for a reduced life insurance premium.
If life is a journey and not a destination, then we will have a number of different paths to travel throughout our lives. Along the way, we’ll experience blessings, challenges and changes that will change our financial priorities and needs. There are at least one of the above situation changes happen in our life every few years. By the time “risk” happened, it is too late to review the insurance or takaful plan.
Contact NAZRI at 019-2121210 or email to nazriina@gmail.com to have your policies reviewed.
Warmest regards,
MOHD NAZRI MD SALLEH,CFP
019-2121210
nazriina@gmail.com
http://financialplanning-info.com/
source: reword from GE Article
11.Feb.09 Uncategorized Read more Comments (0)
Kematian itu satu kepastian. Kebanyakkan orang menyangkakan hartanya akan diagih secara terus kepada yang tersayang apabila mereka tiada lagi. Malangnya itu tidak benar. Proses pentadbiran harta pusaka perlulah mengikut langkah-langkah berikut :
- Menyelesaikan perbelanjaan pengkebumian;
- Menyelesaikan hutang-hutang (dunia dan akhirat);
- Melaksanakan wasiat;
- Menyelesaikan tuntutan harta sepencarian;
- Membahagikan harta yang tinggal mengikut Sistem Faraid.
Siapakah yang akan menguruskan bagi pihak anda? Adalah lebih efektif dan efisien perancangan harta dan warisan dilakukan semasa anda masih hidup dan melantik pentadbir harta pusaka sekarang! Persoalannya siapa yang harus anda lantik sebagai pentadbir pusaka? Sudahkah anda menulis wasiat? Apakah instrumen lain yang boleh digunakan bagi merancang harta anda sekarang?.
Tip:
Nasihat Nabi kepada Saad bin Abi Waqas :
Adalah lebih baik kamu meninggalkan waris kamu kaya daripada meninggalkan mereka miskin meminta-minta
(Riwayat Bukhari)
Jangan sampai harta anda tinggalkan tidak dapat dimanfaatkan oleh waris. Sekiranya suami meninggal dunia dan meninggalkan seorang isteri, ibu, ayah, seorang anak lelaki dan seorang anak perempuan. Berapakah bahagian masing-masing mengikut hukum faraid?
Isteri : 1/8 (9/72)
Ibu : 1/6 (12/72)
Ayah : 1/6 (12/72)
Anak Lelaki : 26/72
Anak Perempuan : 13/72
Klik disini untuk menggunakan Kalkulator Faraid:-
http://maths.usm.my/faraid/msl/faraid.asp
Hubungi saya di talian 019-2121210 untuk keterangan lanjut mengenai “Estate Planning” yang merangkumi Penulisan Wasiat Profesional, Pelantikan Wasi, Harta Sepencarian, Wakaf, Hibah dan sebagainya.
Regards,
MOHD NAZRI MD SALLEH
CFP
019-2121210
nazriina@gmail.com
http://financialplanning-info.com/
02.Feb.09 Uncategorized Read more Comments (0)
If contributors withdraw their EPF for housing purposes, they will in turn have fewer funds for their retirement. However, at least they can be sure that they have roof to live under. For now, property is affordable in Malaysia, but one never knows what will happen to the property market in the future. Looking at Korea and Taiwan, it is almost impossible to own a home at big city if you are not rich.
The move to allow withdrawal of EPF to finance housing loans is a new one, which would benefit about five million active EPF contributors. Contributors who previously found it monetarily tight to buy a property can now consider doing so with this new withdrawal scheme.
This way, some contributors would be able to own better houses and yet be able to lessen their monthly financial obligations.
Contributors who are currently homeowners and are paying mortgage can also experience better cash flow as less money is spent out of hand for the loan.
This new withdrawal scheme is also good for those who know how to manage money. They can use this facility to grow their wealth. For instance, consumer debt in the form of credit card loans, personal loans can be paid off; they can invest for better return or even fund higher education.
However, for those who are financially illiterate, more money equals more trouble. They will spend for instant gratification without thinking of future needs. This may cause a social problem in the future when retiree has inadequate funds to live on.
5 Suggestions to channel EPF back to your retirement fund
Since you are reading this blog, I bet that you are amongst those who want to take advantage of this withdrawal facility and grow your retirement further. Here are 5 suggestions to channel your EPF money back to your retirement fund:
1. Buy unit trust fund that will outperform EPF (5% currently) - by applying “ringgit cost averaging” strategy.
2. Invest in shares - buy blue chip, aim for high dividend payout.
3. Buy another property - to receive rental income after retirement.
4. Buy an annuity plan - to receive yearly income during retirement.
5. Pay towards the principle of your housing loan - thus shorten the loan tenure and save on interest charge.
How do you plan to use the additional cash flow from EPF Account 2 monthly withdrawal for home loan installment?
Write in your comment or contact me on the above topic. I would like to know what you think about those suggestions.
Warmest regards,
MOHD NAZRI MD SALLEH
CFP
019-2121210
nazriina@gmail.com
http://financialplanning-info.com/
01.Feb.09 Uncategorized Read more Comments (0)
Do you need critical illness cover (also known as 36 dread diseases cover)?
YES! Everybody needs it. The fact is that our health deteriorated over time. I have seen children suffered from kidney failures and cancer too. It is scary if you ever imagine these dreadful diseases strike us someday.
If you suffered such an illness you would be able to obtain cover that would allow you to receive a lump sum to help with recuperation, medical costs, payment of your mortgage, regular payments to replace your income.
Before we go in dept, you must understand that critical illness cover is totally different from hospitalization and surgical coverage (most widely known as health card or medical card). Here is the layman explanation:
Critical illness cover - pay you directly a lump sum
Medical Card pay the medical expenses incur during your hospitalization, paid directly to the hospital, not you. ( in some cases, it might be a reimbursement where you pay first, and claim later)
So now the question is how much coverage do you need? I will show you two methods to calculate the sum assured you require which will meet your current needs. The first method is a very simple estimation. The second one is a bit complicated. If you follow my explanation and steps below, it is quite an accurate and easy to follow method of calculation.
First Method: Income Replacement Calculation
For most of the critical illnesses, it takes from several months to several years for treatment and recovery. For the industry benchmark, a person can definitely afford coverage of 3 years of his current annual income. Put it simple:
Sum assured you need = 3 times your annual income
Example: Nazri earn $50,000 a year, he should buy $150,000 sum assured cover for critical illness. The insurance premium for his policy shouldn’t exceed 10% of his annual income ($5000/year).
You might be curious – Why 3 years income? Actually, it is a simple way of estimation. Just imagine that if you suffer from cancer, how long is the holiday you desire? If you bought 3 years of your income coverage, you can take 3 years off from your work for medical treatment. If you can afford higher coverage, it is certainly better.
Second Method: Expenses Estimation
Using this method, you will need to specify or estimate the expenses you need if you are strike by one of the dread diseases. I will use an easy example to illustrate how the needs can be calculated:
Nazri’s monthly expenses:
· Mortgage - $1500/month
· Car installment - $600/month
· Daily expenses (food, cloths, grocery etc) - $1000/month
· Medication - $500/month
Please take note that hospitalization and surgical benefit do not cover long term medication fees.
Total monthly expenses for Nazri is $3600. You would have to estimate the number of years it takes to recover from an illness. This is a difficult one. Cancer might need 1-3 years. Kidney failure - will never recover. Coronary by-pass surgery – 3-6 months after successful surgery. It all depends on how long you want to rest and stop working! Let’s say Nazri require at least 2 years off.
Sum assured required = Monthly expenses estimated x 12 x number of years
Sum assured required = $3600 x 12 x 2 = $86,400
The amount you are insured for critical illness determine your lifestyle during the disaster.
Over insured – You will never have to worry about money. Just be happy and get yourself healed
Adequately insured – You will be able to maintain your current lifestyle. Life goes on.
Under insured – Your family members suffered together. Why do you want to make it hard for them? Don’t you love them?
If you think you can’t afford to buy adequate sum assured, can you afford the risk to see the suffering of your family?
Write in the comment or contact me for customized plan. I would like to know what you think about getting insured with critical illness coverage too.
Warmest regards,
MOHD NAZRI MD SALLEH
CFP
019-2121210
nazriina@gmail.com
http://financialplanning-info.com/
“If life is a journey and not a destination, then we will have a number of different paths to travel throughout our lives. Along the way, we’ll experience blessings, challenges and changes that will change our financial priorities and needs. By the time it happened, it is too late to review the insurance or takaful plan.. Contact me to have your policies reviewed.”
01.Feb.09 Uncategorized Read more Comments (0)
To ensure my clients are all well protected, I will try to put it in simple words and form so that you will know what can be insured in a life insurance policy. There are 5 major benefits:
1) Hospitalization and Surgical Benefit (known as medical card or health card)
These benefits can cover all or most if not all of your medical expenses at hospital.
Adequate coverage: >RM150/day room and board benefit. Yearly limit of >RM50,000. Lifetime limit of >RM150,000.
2) 36 Critical Illnesses (Cancer, Stroke, Heart Attack etc)
It is different from the health card. This benefit is paid in a lump sum to our account, but not to the hospital bill. The purpose of this benefit is to replace out potential income loss when we take long leave for medical care.
Adequate coverage: 3 times annual income.
3) Total Permanent Disability (TPD)
TPD is a very severe case. After a person becomes TPD, it can be defined that he lost his ability to earn a living. There are 2 forms of benefit for TPD:
a) Lump Sum - this benefit is normally included when you purchase the policy for 36 Critical Illnesses.
b) Annuity - This is a separate rider which will pay you a yearly benefit. It is advisable to get the protection up to our annual income. However there is a maximum cap of RM50,000 per year per life assured per insurance company. If your income is more than that, you can consider to buy different policy from different insurer to get yourself fully covered.
4) Natural Death
No matter how you die, they will still pay your family this death benefit, except committing suicide within the 1st year. Since the life assured can’t enjoy this benefit, it is up to the individual commitment to their dependants to calculate how much coverage they should get. For instance, a father whose wife is taking care of his 1 year old son full time, it is advisable to be insured for at least the expenses of the family for up to 25 years.
5) Accidental Care
This is usually a rider attached to a main policy. It covers permanent disability, and death caused by accidents only. Accidents include car accident, fall down, etc. Normally it pays double the amount of sum assured if accidental death happens at a public conveyance (bus, passenger airplanes,LRT). Adequate coverage: 5 times annual income.
Write in the comment or contact me for customized plan. I would like to know what you think about getting insured with life insurance or takaful plan.
Warmest regards,
MOHD NAZRI MD SALLEH
CFP
019-2121210
nazriina@gmail.com
http://financialplanning-info.com/
01.Feb.09 Uncategorized Read more Comments (0)
Ringgit Cost Averaging is an investment technique intended to reduce exposure to risk associated with making a single large purchase by investing a fixed amount on a particular investment (such as unit trusts) at regular intervals (either monthly or quarterly), regardless of the unit price. For example, you can choose to transfer RM100 to RM 200 from your paycheck to a unit trust fund or you can even make a RM500 or RM1,000 investment every quarter. The amount and frequency of your investments depend on your financial means and future goals.
HOW RINGGIT COST AVERAGING WORK?
More units are purchased when prices are low, and fewer units are bought when prices are high. The premise of ringgit cost averaging is that the investor wants to safeguard against the market losing value shortly after making his or her investment. Furthermore, you must continue to purchase units both in market uptrends and downtrends in order for the strategy to be effective. Hence, you should choose an amount which you feel comfortable investing under all market conditions.
To illustrate ringgit cost averaging better, let’s say you want to save RM12,000 each year for your child’s education fund. Instead of investing it in a lump sum and bear the risk of entering when the market is high, you decided to invest RM1,000 into a unit trust each month as shown in the chart:
| Month |
Investment |
Price |
Number |
| |
Amount |
Per Unit |
of Unit |
| |
(RM) |
(RM) |
Purchased |
| |
|
|
|
| January |
1,000 |
0.2549 |
3,923.11 |
| |
|
|
|
| February |
1,000 |
0.2261 |
4,422.82 |
| |
|
|
|
| March |
1,000 |
0.2068 |
4,835.59 |
| |
|
|
|
| April |
1,000 |
0.1846 |
5,417.12 |
| |
|
|
|
| May |
1,000 |
0.1645 |
6,079.03 |
| |
|
|
|
| June |
1,000 |
0.1589 |
6,293.27 |
| |
|
|
|
| July |
1,000 |
0.1477 |
6,770.48 |
| |
|
|
|
| August |
1,000 |
0.1617 |
6,184.29 |
| |
|
|
|
| September |
1,000 |
0.1947 |
5,136.11 |
| |
|
|
|
| October |
1,000 |
0.2035 |
4,914.00 |
| |
|
|
|
| November |
1,000 |
0.2248 |
4,448.40 |
| |
|
|
|
| December |
1,000 |
0.251 |
3,984.06 |
| |
|
|
|
| |
12,000 |
|
62,408.28 |
Results:-
| Average Unit Price |
RM 0.1983 |
| |
|
| Average Unit Cost |
RM 0.1923 |
| |
|
| Current Unit Price |
RM 0.2510 |
| |
|
| Current Value Of Investment |
RM 15,664.48 |
In this example, the average unit price over the period was RM0.1983 but the average cost to you was RM0.1923, resulting in a 3% lower price to the average unit price over the period.
Call NAZRI at 019-2121210 or email to nazriina@gmail.com if you need further information.
19.Sep.08 Uncategorized Read more Comments (0)
Bilakah masa yang sesuai untuk mendidik anak-anak mengenai nilai wang? Tidak ada jangka waktu tertentu tetapi eloklah dimulakan seawal yang boleh. Mendidik, menggalakkan dan memberi kepercayaan kepada anak untuk bijak berbelanja sejak kecil akan menanamkan tabiat kewangan yang baik. Untuk memulakan anak anda mengenal tanggungjawab kewangan, ada enam panduan mudah di sini:
Berikan mereka wang saku
Memberikan wang saku boleh membantu membina keupayaan anak merancang perbelanjaan. Bagi memutuskan berapa banyak yang perlu diberikan kepada mereka, fikirkan dengan teliti jenis perbelanjaan yang boleh digunakan untuk wang saku itu. Misalannya, bagi belanja sekolah, elok kalau anda pergi tinjau harga makanan dan minuman yang dijual di kantin sekolah sebelum memutuskan berapa banyak wang saku yang diperlukan oleh anak anda. Jika perlu, berikan wang saku dalam beberapa pecahan wang bagi menggalakkan mereka menabung. Misalannya, jika wang saku RM2, berikan anak anda wang kertas RM1 manakala selebihnya dalam bentuk wang syiling supaya dia boleh mengasingkan beberapa keping wang syiling untuk dimasukkan ke dalam tabung.
Tentukan matlamat yang realistik
Berbincanglah dengan anak anda mengenai matlamat mereka kerana itulah kunci kejayaan dalam menabung. Matlamat tabungan anak anda mungkin merupakan sejenis barang permainan yang istimewa, buku, basikal atau permainan Play Station yang terkini. Walau apa pun, matlamat itu mestilah realistik dan boleh menggalakkan mereka untuk menabung. Walau bagaimanapun, berbincang dengan mereka dahulu. Matlamat itu mestilah matlamat mereka, bukannya matlamat anda. Kemudian, tinjau kos barang yang hendak dibeli itu dan congak berapa banyak anak anda perlu menabung setiap minggu bagi membeli barangan tersebut dalam satu jangka masa. Pastikan ia munasabah…
Bagi anak yang masih kecil, alat pandang dengar boleh membantu. Gunting gambar yang diperlukan dan lekatkan pada sebuah balang. Sambil dia memasukkan wang ke dalam balang itu setiap hari, dia boleh tengok wangnya semakin bertambah dan tidak lama lagi bolehlah dia mencapai matlamatnya. Anak yang lebih besar boleh menyimpan rekod simpanan dalam buku nota dan buat pengiraan setiap minggu.
Didik mereka mengenai nilai pelaburan
Memulakan tabiat menabung dan melabur sejak awal merupakan kunci kepada perancangan kewangan yang berjaya. Jika boleh, setiap kali anda ke bank untuk berurusan atau untuk melabur dalam unit amanah, bawa sekali anak-anak dan bukalah akaun simpanan untuk mereka. Laburkan sebahagian daripada wang simpanan mereka dalam dana amanah dan ajak mereka sama-sama melihat perkembangan pelaburan itu.
Walau bagaimanapun, jangan halang hak anak anda untuk mengeluarkan sedikit wang simpanan atau pelaburan mereka untuk membeli sesuatu kerana, jika anda menghalang mereka, mungkin akan melemahkan minat mereka untuk menabung atau melabur. Yang perlu dilakukan ialah memberitahu mereka bahawa jika wang simpanan dikeluarkan sebelum matlamat mereka tercapai, maknanya lebih lamalah masa yang akan diambil untuk mencapai matlamat mereka. Jika mereka mengeluarkan simpanan setelah mencapai matlamat mereka, itu juga merupakan pilihan mereka sendiri. Pendek kata, tak kiralah sama ada mereka mahu mengeluarkan wang simpanan sebelum mencapai matlamat mereka (sekiranya berlaku kes kecemasan atau ada barang yang mereka perlukan segera) ataupun tidak, terpulanglah kepada mereka keputusan sepenuhnya dan untuk mereka memahami kesan mengeluarkan wang itu pada masa tersebut.
Simpan rekod kewangan yang baik
Galakkan anak-anak anda menyimpan resit pembelian buku, permainan atau barangan lain dalam sampul surat atau menyimpan jurnal perakaunan yang mudah bagi membolehkan mereka menjejaki perbelanjaan dan tabungan mereka. Ini boleh menanamkan tabiat merekodkan perbelanjaan supaya mereka boleh belajar mengurus kewangan mereka secara sistematik pada masa hadapan.
Contohnya:
Matlamat : Ingin membeli Buku Cerita
Harga : RM25.90
|
Minggu 1
|
Elaun Harian
Contohnya
|
Wang yang dibelanjakan
Contohnya
|
Jumlah
Contohnya
(RM)
|
Wang yang disimpan
Contohnya
|
|
Isnin
|
RM3.00
|
|
RM2.30
|
RM0.70
|
|
Selasa
|
|
|
|
|
|
Rabu
|
|
|
|
|
|
Khamis
|
|
|
|
|
|
Jumaat
|
|
|
|
|
|
Sabtu
|
|
|
|
|
|
Ahad
|
|
|
|
|
|
Jumlah
|
|
|
|
|
Izinkan anak-anak mengatur sendiri perbelanjaan mereka
Belajar berbelanja secara bijak membabitkan beberapa percubaan dan kesilapan. Sama ada keputusan berbelanja yang mereka ambil itu baik atau tidak, mereka perlu belajar daripada pilihan mereka sendiri. Sebagai ibu bapa, anda boleh mengajak mereka berbincang secara terbuka mengenai kebaikan dan keburukan sebelum mereka berbelanja. Galakkan anda membuat sedikit tinjauan sebelum berbelanja besar atau menunggu masa yang sesuai untuk membeli, misalannya ketika jualan murah.
Tunjukkan contoh yang baik
Akhir sekali, sebagai ibu bapa, tunjukkan contoh yang baik melalui pengurusan kewangan anda sendiri yang baik dan bijak. Elakkan pembelian yang tidak dirancang atau mengejut. Elakkan daripada banyak membuat hutang tidak perlu, contohnya hutang kad kredit. Sama ada baik atau buruk, anak-anak belajar bagaimana menguruskan wang daripada ibu bapa mereka. Seperti kata pepatah, “Ke mana tumpahnya kuah kalau tidak ke nasi”. Oleh itu, mendidik anak anda tentang pengurusan wang yang baik serta menunjukkan pula contoh yang baik, pasti akan mendorong mereka berjaya mengendalikan kewangan mereka sendiri. Mulakanlah sekarang!
MOHD NAZRI MD SALLEH
CFP
019-2121210
nazriina@gmail.com
http://unittrustgroup.com
http://financialplanning-info.com
(source:SIDC)
____________________________________________________
Securities Industry Development Corporation (SIDC) akan menganjurkan Seminar BMW (Bijak Mengurus Wang) secara PERCUMA untuk orang ramai di seluruh negara.
Dalam seminar ini anda akan:
- Mempelajari asas dan langkah pengurusan kewangan yang berkesan.
- Mengetahui teknik untuk mencapai matlamat kewangan anda.
- Mengetahui bagaimana untuk menangani masalah hutang dan credit anda.
- Mempelajari teknik mengajar anak anda mengenai wang.
28.Jul.08 Uncategorized Read more Comments (0)
