The government has recently announced that saving in Simpan SSPN Prime is no longer eligible for tax relief. This means that Simpan SSPN Prime can no longer function as a income tax-saving instrument. My action plan I have just decided to stop investing in private retirement scheme (PRS) not too long ago and I was …
The Employees’ Provident Fund (EPF) has declared its dividend for 2022 and the rate is 5.35% (2021: 6.10%) for conventional savings and 4.75% (2021: 5.65%) for Simpanan Shariah. This dividend rate is slightly higher than I expected. Dividend history As my own account is the conventional savings, I am going to list its dividend rate …
Recently, I have made a withdrawal from my Versa Cash account. I would like to share my experience here. Timeline I made the withdrawal request on 19 February (Sunday) at around 8.30am. The request was processed by Versa on the same day. However, as it is a non-working day, my withdrawal request was processed by …
In 2023, I have decided to stop investing in Private Retirement Scheme (PRS). Rationale Why did I decide to stop? Though the tax relief of RM 3,000 for PRS is extended to 2025, I have concluded that Simpan SSPN Prime is a more suitable vehicle for me to reduce my income tax. It is not …
I am considering to use Simpan SSPN Prime to keep part of my emergency fund. The question is whether the withdrawal is swift to serve as emergency fund. So, I performed a withdrawal to try it out. Rationale Why do I want to use Simpan SSPN Prime when there are quite some alternatives (Versa Cash …
It has been quite some time since I wrote a book review and I finally had the time to read an investment book. Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life is penned by William Green. The author wants to show the readers how a tiny minority beats the market …
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 2022. I am going to list just the stock code of the exchange traded funds (ETFs) in this article. If …
Versa has announced that Versa Cash interest rate will increase to 4% per annum starting 1 November 2022 until 31 January 2023. The current interest rate is 3.2%. Terms and conditions The 4% interest rate only applies to the first RM 30,000 balance in the account. Any amount over this value will continue to earn …
My investments are still on the same three peer-to-peer (P2P) lending platforms. They are Capsphere, Fundaztic, and Funding Societies Malaysia. The results are as on 30 September 2022. In this article, I am going to follow the formulae of the previous year which you can see down here. The formula that I am going to …
Amanah Saham Malaysia 2 – Wawasan (ASM 2 Wawasan) has just paid its latest dividend on 1 September 2022. The amount is RM 0.0375/unit, equal to a dividend yield of 3.75%. This amount is the lowest dividend in its history. Trend The dividends of the previous years were 6.4 cents (2015), 6.3 cents (2016), 6 …
