SOS Read this before you INVEST in Stocks
SOS Honey, who has shrunk our RM?
sosfinance
Publish date: Tue, 09 Sep 2014, 11:10 AM
sosfinance
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VALUATION DOES NOT DETERMINE THE PRICE, IT'S JUST A TOOL TO ESTIMATE A VALUE OF A BIZ
www.sosfinancialplanning.blogspot.my
"How do you save RM50,000? - I shared with a friend on how to do it. I got a term life for RM280 p.a covering RM100k until 70 years old. I cancelled my wholelife insurance of RM2,800 p.a. for the same coverage up to 100 years old. Save RM2500 p.a x 20 years = RM50,000. (PM0122037325)
.....IS THIS ARTICLE FAKE OR FACT?? ANYONE CAN CONFIRM?
www.sosfinancialplanning.blogspot.my
"How do you save RM50,000? - I shared with a friend on how to do it. I got a term life for RM280 p.a covering RM100k until 70 years old. I cancelled my wholelife insurance of RM2,800 p.a. for the same coverage up to 100 years old. Save RM2500 p.a x 20 years = RM50,000. (PM0122037325)
.....IS THIS ARTICLE FAKE OR FACT?? ANYONE CAN CONFIRM?
COST OF LIVING and INFLATION
BIG TICKET ITEMS
| 1973 | 2010 | ||
|---|---|---|---|
| Car | RM7k | 43k | 6X |
| House | RM50k | 350k | 7X |
| Tertiary Edu (overseas) | RM58k | 400k | 8X |
| Salary (starting) | 1k | 2k | 2X |
Let's do another one (latest & more reasonable one for middle income)
| 1996 | 2014 | ||
| Car | RM30k | 90k | 3X |
| House | RM300k | 1200k | 4X |
| Tertiary Edu (overseas) | RM130k | 600k | 5X |
| Salary (Starting) | RM2k | 3.5k | 1.8X |
DAILY STUFF (per month)
| 1996 | 2014 | x | |
| Food | 250 | 1200 | 5X |
| Petrol | 180 | 500 | 3X |
| Mobile phone(fee) | - | 150 | |
| Astro | - | 150 | |
| Unifi | - | 150 | |
| Electricity | 140 | 400 | 3X |
| Primary Edu (inter)* | - | 1500 | |
| Secodary Edu (inter)* | - | 2000 | |
| Pre U Edu | - | 1700 |
* - after government issued 120 international schools (syllabus) licences in 2012 (before only 20 licences) optional, a lot of things we required nowadays, guard, cctv, security system, automatic door [all due to security problems]
MANY STILL LIVING IN THEIR DREAMS
It is important we protect ourself against INFLATION. It is like a silent KILLER or l like to call it INVISIBLE TAX, that is why not many bother to do anything about it.
Personally, I think government should make it a Mandatory!
Submit your INCOME TAX by MAY.
Submit your INVISIBLE TAX by SEPT(I meant financial planning) when you are 25, 35, 45, 55, 65.
Submit your " Executed WILL" by the time your kid(s) is 24 months old or all your inheritence will be distributed to donation, at least a simple one?
Besides tax and death, don't forget another silent killer is on the loose, Inflation.
CONCLUSION
There are solutions, but, sadly, most of it goes to the RIGHT PLACE, for the RIGHT REASON but did not get their expected RESULTS. About RM350 billions is in Unit Trusts, but only 10-15% p.a. is doing well (i.e. LT (more than 10 years) exceed 10%). What happen to RM315 billions that does not do well.
I am not against UTs, I am just against UTs that did not do well. Do you think there's a BETTER ALTERNATIVE? Different tools for different investors! I believe if proper strategy and guidance, UT gives a reasonable return (however the odds are gains the holders if no proper strategy are designed invest or to withdraw from it as statistics has shown).
90% investors do not know how to use their EPF to their advantage, some are aware, but no action taken. Welcome to reality.
[www.sosfinancialplanning.blogspot.com]
- with proper strategy (with a good advisor) and planning, you can protect against inflation. REAL INFLATION INDEX FUNDS?
Do you know why "will writing" biz went up ten fold in Mar 2014 and July 2014? Failing to plan is planning to fail. I suppose, lots of people still in the NATO group.
More articles on SOS Read this before you INVEST in Stocks
SOS Ecoworld, MahSing, E&O, Glomac and Property Listed Companies 35,000 Unsold Units?
Created by sosfinance | Jul 14, 2018
Discussions
1 person likes this. Showing 3 of 3 comments
most UT not doing well because they dont invest in growth companies like Sumatec. most UT only invest in maybank, public bank, and all those blue chips, which give small returns.
2014-09-09 16:01
Why then 80% of RM350 billions goes into UTs? Aren't the investors are more well informed with internet nowadays? Why don't they try the BETTER ALTERNATIVE available?
The BETTER ALTERNATIVE are not concerns on restrictions on concern of liquidity of stocks, high marketing expenses and advertisements, short term rankings or awards, other investors pulling out of funds or good fund managers are pinched.
All you need is actually a right strategy, commitment and a qualified financial advisor to guide you. The tool is already there.
2014-09-09 17:16
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2014-09-09 15:48