The Employees’ Provident Fund (EPF) has declared its dividend for 2023. The rate for conventional savings is 5.50% (2022: 5.35%) . It is 5.40% (2022: 4.75%) for Simpanan Shariah. This dividend rate is on par with what I expected. Dividend history You may refer to this page (click here) for EPF dividend history. Its dividend …
Market condition KLCI increased by 2.65% to 1,553.14. S&P500 closed at 5,097.27, increased by 5.20%. My view: The uptrend continued In the second month of 2024, the markets continued to do well. KLCI managed to maintain above 1,500 and S&P500 achieved record high. Foreign funds continued to flow into Bursa Malaysia. If this trend continues, …
The tax filing season for YA2023 has started, so I have prepared this article for you as a reference. The images below show the personal tax reliefs available to be claimed. Make sure you have the receipts or proof when you claim the respective relief. Keep the proof for at least seven years in case …
Life is full of risk and insurance is an instrument to transfer the risk to the insurer. Honestly, insurance is something that most purchasers wish they do not need to claim. Why do we need insurance? Insurance will compensate us for our loss if the insured event occurs. Without insurance, we have to bear the …
After working for many years, it is finally time to retire. But do you have enough assets? Can you afford to retire? No one plans to be poor in retirement, but many do end up in poverty or could not stop working. What went wrong? They fail to plan. Retirement need The data from Employees …
First of all, Happy Chinese New Year! May the year of dragon brings lots of joy and prosperity to all of us. The topic today is about finding a legitimate financial planner. Financial planning is a regulated activity. Only those registered with the relevant authorities are allowed to carry on the service of financial planning. …
Market condition KLCI closed at 1,512.98, an increase of 4.01%. S&P500 closed at 4,845.15, increased by 1.58%. My view: A good start for the year Both markets continued their uptrend and KLCI finally broke through 1,500 level! Perhaps it is the time for our local market to shine. Foreign funds continued to flow into Bursa …
Nowadays, most people are saddled with debts. If you are one of those people who do not have debt, congratulations and this article is not for you. But if you are like the majority, this article on debt management might give you some thoughts on how to reduce your debt. Types of debt There are …
In education planning, we are concerned with the education of our kids. We focus primarily on tertiary education as this part of education is usually the most costly. Furthermore, primary and secondary education are available for free or at a minimal cost in Malaysia. Nonetheless, if you choose to send your child to private schools …
In this 2023 asset allocation article, I will share my year-end allocation in both Malaysia and foreign markets. Target asset allocation Malaysia My target allocation is 10% P2P lending and 90% stock. I am only considering equities, mutual funds and peer-to-peer (P2P) lending. Foreign My current target allocation is 20% in bonds, 74% in equity …
