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 …
Net worth statement is one of the statements that we use in personal finance review. In this article, we will see how this statement looks like. Sample personal net worth statement The values used in the statement are taken on a specific date only, generally year-end (31 December) but it can be any date. It …
Personal cash flow statement is one of the statements that we use in personal finance review. In this article, we will see how this statement looks like. Sample cash flow statement The period of a cash flow statement is generally one year. Components of cash flow statement Cash flow statement can generally be divided into …
This is a comparison between the latest returns of my two robo-advisors, MYTHEO and StashAway. For the performance of the previous year, you can refer to this article. The returns are as on 31 October 2023. Contrary to previous years, I am not going to list the exchange traded funds (ETFs) in my portfolios. MYTHEO …
I have opened my Rize account for four months now. In this article, I am going to share my Rize experience so far. On time interest I have been receiving the interest at the end of the month as promised. The interest rate is also as advertised. It is currently 5% per annum for deposit …
Market condition KLCI advanced by 1.26% to 1,442.14. S&P500 continued its decline to 4,193.80. It is a decrease of 2.20%. My view: Finally KLCI outshined Contrary to my expectation, KLCI did not decline. On the other hand, S&P500 continued to decline as expected, albeit at a lower rate. In November, I think I will still …
In personal finance review, we will use two statements to determine your financial standing. These statements are cash flow statement and balance sheet or net worth statement. Cash flow statement This statement deals with your cash inflows and outflows. The inflows are every ringgit that you receive, such as your salary, dividends, and interests while …
Defining financial planning Financial planning can be defined as the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. In financial planning, the end result is an actionable financial plan which will help to achieve your financial goals. This plan is a comprehensive evaluation …
