Hours later,I will officially start my 27th year of my life.Every year of birthday celebrations,I always have my dearest family and friends around me.I feel happy and warm.
I wish I could always bring happiness to all of you.
Yesterday,Malaysia Prime Minister Najib Tun Razak announced the voluntary private retirement scheme(PRS) as an alternate employee pension scheme in addition to Employee Provident Fund(EPF) which is compulsory in Malaysia.
There will be a range of private investment funds to choose.Individuals depending on their own retirement goals,needs and risk appetite could choose several funds to invest in for a long term.
Like EPF,the total investments in PRS will also separate into two accounts.Account A could only be withdrawn on reaching the legal retirement age (currently it’s 55 years old) whilst Account B could be withdrawn once a year from one year after the first contribution of any approved fund.However,since the tax on the income contributed under the scheme is exempted,the pre-retirement withdraw will entitle a tax penalty of 8% on the withdrawal amount.
PM Najib announced a project called My First Home Scheme for low-mid income class to buy their first home after work.The main concept is the government will guarantee people who have met the criteria for 10% down payment so that the applicants can get 100% amount for the buying property from 25 participant banks.
I have made some conclusions of the criteria:
1.Malaysian
2. First time to buy property in Malaysia
3.Below 35 years-old
4.Monthly income below RM3000
5.Have a stable job and with it for more than 6 months
If you’ve met all above requirements,you’re entitled to buy a house from RM100,000 to RM220,000 with 100% loan up to 30 years.However,another detail added recently is the monthly instalment could not over one-third of monthly income.
I have the interest of reading books and financial magazines when I’m free.I think reading is a perfect way to study things and remind ourselves of applying the knowledge to our daily lives.
Personal Money is a good local financial magazine under The Edge which always has discussions about the simple investments,the strategy,the concept of saving money etc and so I can keep my track of growing up my family fund by a right way.I believe the difference between a rich man and a poor man is of their thoughts.Thus,learning towards richness is definitely necessary.
I hope my friends could also know it and learn it from Personal Money.It’s monthly published and only RM9.00 if you are in Peninsular Malaysia.
A little mosquito forced me staying in hospital for almost one week.Yes,I was so unfortunate that got dengue fever last week.Fever,digestive issues,bone pains and more symptoms were all there together.I even needed to have sleeping pills to help me get into dreams.I had to say the experience was so awful.Now I’m thinking that in some terms a mosquito seems to be much stronger than I am.
I feel grateful to my dearest that she always tried her best to comfort me during that worst time.I can’t imagine if I’d faced it alone.I also want to thank other friends and families of their supports.
I will have a further consultation with the doctor tomorrow by checking up the blood platelet level.Frankly speaking,I’m still feeling quite tired and so I hope the blood test report will show a good result.
And currently I’m really scaring of getting dengue again.Scientists,please discover some sort of medicine/bacterin for it as soon as possible.
Dengue is H-O-R-R-I-B-L-E!!!
After the discussion with my parents and future parents-in-law,my fiancée and I chose February 18th,the fifth day after Chinese New Year,holding our wedding event in Shanghai,China.We need to book the air tickets as soon as possible because that is a hot period for travelling.The fares have been increased compared to the normal days.
By AirAsia(KL to Hangzhou):
All fares listed are recorded on November 3rd,2009 and subject to change from time to time,exclusive with luggage charges and meals on board.
*The date that my fiancée and I flying to Hangzhou
#The date that most friends of my fiancée flying to Hangzhou
@The date that some friends and relatives of my fiancée flying to Hangzhou
*#@The date that we all come back to KL
By Malaysia Airline(KL to Shanghai):
If you could afford a higher price in order to get some convenience and perhaps better services,Malaysia Airline will be the nice choice.The return ticket is pricing RM1700-RM1800 inclusive with all charges recorded on November 3rd,2009.
Guys,please inform me your schedule of your flights before November 15th,2009 so that I could have enough time to let travel agent give some offer to me.Thanks.
Though there are still 107 days to go,I think I’d better to make all things on the track first because I don’t want to regret anybody in the wedding event.
Wish all the best!
Recently the economic is recovering from the recession.Thus,the share markets everywhere begin to show the growth.Many people may want to do some share investments as an alternative instead of buying mutual funds.So I just share with you how to start share trading in Malaysia.
Malaysia has only one share market-Kuala Lumpur Stock Exchange(Bursa Malaysia).Almost all buying or selling actions are taking place there except those direct deal/off market deal which normally involves in bulk transactions.Now we could go to open the trading account.
1.You could choose any securities(broker) company you like,perhaps you could consider whether it is close to your house and how the charges are.You could refer to this list for all registered securities.
The requirements for open a trading account in securities are very limited,normally the only requirement is you are above 18 years old.
2.Open a trading account and CDS account.
Trading account could be divided into two types-nominee account and direct account.
Nominee account:Once you buy some shares,your name will not show on the registration book of existing shareholders directly,instead it will show as XXX SECURITY-beneficial to YOUR NAME.
Advantage:Not necessary to visit the security frequently as they could help you deal with most matters(ie, banking in dividends,sign up forms for bonus shares/warrants etc).
Disadvantage:You can not apply for IPO using Nominee account.You may not receive the annual report,some gift vouchers easily.
Direct account:Once you buy some shares,your name will directly show on the registration book of existing shareholders.
Advantage:You apply for IPO using this account.You could receive the annual report and voucher from the company you invest directly.
Disadvantage:You may have to bank in the dividend by your own.If having some bonus issue,you may need to visit the security to sign up some forms by yourself.
However,I still prefer to have direct account. 
The charge for open a trading account is varied from different securities,but most of them are free of charge.And commonly you only need to pay for RM10 for new CDS(Central Depositary System) account which is the account to electronically store your shares by some Malaysian law.
After you have a trading account and a CDS account,you are able to buy shares in the market.
3.Know the fees for each transaction
For buying or selling,it will occur some fees comprising of brokerage fee,clearing fee and stamp duty.
The brokerage depends on what methods you used to buy/sell shares-phone call or online.Commonly if you call for making the transaction,you will be charged higher,ie. 0.7%;if you make the transaction through online platform,you will only charged at 0.42%.
The clearing fee is 0.03%.The stamp duty is RM1 for every RM1000.However,I suggest you ask the details from the security.
These are all the basic stuff you need to do and need to know before you make the very first transaction.If you think you have absorbed all,you could start to enjoy the fun from share investment now.I think you could learn the rest knowledge from trading. 