2023 is over. So, I am doing my annual investment review, starting with this 2023 Malaysia investment review. My 2023 investment holdings review covers both stock market and mutual funds. I will show the gain or loss (including dividends) for each stock and fund. In the end, I will show the total return of my …
2024 has just started and it is a good time to do something about your personal finance. Let’s see what you can do in this 2024 financial to-do. Review 2023 It is good to start with a review of the past year. If you have a financial plan, you should measure the progress of your …
First of all, happy new year 2024! In this first post of the year, I will share my thoughts on the markets in December 2023. Market condition KLCI closed at 1,454.66, an increase of 0.13%. S&P500 closed the year at 4,769.83, an increase of 4.42%. My view: Not a bad year Both the markets closed …
I believe most people have heard about the emergency fund in personal finance. We are going to discuss about it in this article. What is emergency fund? Emergency fund is cash reserve that you use to pay for unexpected expenses or financial emergencies. It serves as a financial cushion, providing a buffer against job loss, …
Amanah Saham Bumiputera (ASB) has announced its 2023 dividend. ASB 2023 dividend rate including bonus is 5.25%, slightly higher than 5.10% last year. Trend For its previous dividends, you can refer to this page. The dividend of this fund has been slowly rising since 2020, but it is still lower than pre-2020. Outlook The benchmark …
Investment planning is one of the key components of financial planning and it directly affects the outcome of the financial plan. In this article, we will look at the steps involved in investment planning. Steps of investment planning 1. Meeting the prerequisites Before we start investment, we should have adequate provision for the basic necessities …
GXBank is Malaysia’s first digital bank to receive the approval from Bank Negara Malaysia and the Ministry of Finance to commence operations. This digital bank is a joint venture between Grab Holdings Limited and Singapore Telecommunications Ltd (Singtel) – and a consortium of other Malaysian investors, including Kuok Group. Account opening This is a fully …
Before 2023 ends, let’s see if you can reduce your income tax for this year. This article is about YA2023 income tax for individual resident. I will only touch on certain tax reliefs. For a full list of available tax reliefs, you may refer to this page from PwC Malaysia (Link). Tax reliefs to be …
Market condition KLCI closed at 1,452.74, an increase of 0.73%. S&P500 reversed its downtrend and closed at 4,567.80, an increase of 8.92%. My view: A good month for the markets Both the markets closed with positive gain compared to the past month. In fact, S&P500 had its largest monthly gain in 2023. I did not …
Since we have discussed about personal cash flow statement and net worth statement, it is time to talk about the financial rates and ratios. Ratios using data from cash flow statement Savings ratio Savings ÷ Gross income It shows what percentage of your gross income is set aside for future consumption. The benchmark is at …
