1) Open a financial freedom account and deposit 10% of your monthly salary there every month.
2) Keep proper records of spending to monitor.
3) Set a monthly expenditure budget and compare that with the actual amount spent. There are free software in the market that can be used.
4) Buy a medical card to protect against hospitalisation and surgical cost if the cover from the employer is inadequate.
5) Create an emergency fund for rainy days; put this money in fixed deposit or money market fund. The amount should be around 3 to 6 months of monthly mandatory expenses.
6) If you really need to use the credit card, pay them in full by end-month. A credit card should be treated like a form of payment, not extra money.
Source: http://biz.thestar.com.my/news/story.asp?file=/2009/3/28/business/3558733&sec=business
Sunday, March 29, 2009
Tips to help newly-employed graduates to build a secure nest egg
Sunday, March 22, 2009
Inflation never stop!
Think you can escape from inflation during the economic crisis? NO is the answer
Below are the headline from The Star
"February inflation rate rises
MALAYSIA’S inflation rate in February increased to 3.7% from a year earlier.
When compared with the previous month, it increased by 0.2%."
Full article here
Thursday, February 26, 2009
3 "Be"s..
According to the Malaysian Investor, when you look through a company's prospectus, there are three "Be"s that you adopt
The three "Be"s are
1) Be assertive
Make sure you are given a prospectus before investing and insist on help if you need it.
2) Be inquisitive
Ask any question that you may think of about the IPO. If you are not satisfied with the answers, do not invest
3) Be sceptical
If a claim or business plan does not look workable, perhaps it isn't
So be sure to carefully look through the prospectus, as we should know what we are getting into!
Saturday, January 31, 2009
Distribution For the Financial Year ending 31 January 2009
Public Mutual will be declaring distributions its funds for the financial year ending 31 January 2009.
Distributions will be applicable to unit holders of Public Index Fund (PIX), Public Money Market Fund (PMMF), Public Enhanced Bond Fund (PEBF) and Public Islamic Optimal Growth Fund (PIOGF) respectively, who remains in the Register as at 31 January 2009.
The rate of distributions will be as below:
PIX 5.00 sen
PMMF 3.00 sen
PEBF 2.00 sen
PIOGF 0.30 sen
The continuous declaration of distributions of Public Mutual funds during this tough times is a sign of its strength in the unit trust industry.
