What is the cost of funding your child university fee at present value?

Dreamer, u r sending a very wrong message here, by encouraging people to channel out their money to overseas as much as they can, i really wonder if u r a true malaysian? if u hate the government and malaysia, why r u still living in this country? form your previous posts i guess u r very loaded and can live in other country comfortably.

You are sending the signal that we are going to have a World war III malaysian version, holding asset and cash in this country is unsafe and better run as quickly as possible to overseas and everybody if they can channel out all the money it will be better. DOn't you think your opinion is bias to those who still love this country and not rich enough to migrate to other country? Many ppl are still cant afford to pay their monthly utility bills, not to think about channel out their wealth out of the country......

Lawyer 1, i agree with u that our top politician may channel out their wealth overseas, this money i believe are somehow maybe illegal money collected from the country. So there is a strong reason for them hiding their illegal income outside the country. The clear example was our ex-MB of Selangor was caught in Sdyney airport holding AUD2.4million cash. But for a legal tax resident like us i dont think we should channel out so much money outside as what dreamer suggested (80-90% of our wealth). I do have some money in overseas too, but not much compare to in M'sia, as i still comfortable to keep big portion of my $ in the country that i live and love.

i always think that it is good to send children to study abroad if the parents are afford to do so, this will broaden their view and knowledge/exposure. I have no objection in doing that, for me 17 years education (up to SPM) in the country is good enuf. I did not get a chance to study abroad but will given the chance to my future kids.

cheahcw2003,

<<i dont think we should channel out so much money outside>>

This is based on what kind of reasoning??  I had stated mine.

A) I BELIEVE Malaysia's economy is heading to a crash over the next few years and may NEVER recover.  It is NOT SAFE to keep money in Malaysia.

B) My children are going oversea for education.  That is the LARGEST PORTION of expense that I will have in future.  I do not have any more large expense in Malaysia.  To protect against FOREX risk, my money need to be in oversea.

C) I am boycotting Malaysia because of NEP.  I have a CHOICE and I choose to make a stand.  I refuse to invest on companies that are 90+%.  I refuse to invest on companies that forced my friends and families out of the employment and business over the last 30+ years.

Dreamer

Lawyer1,

I am talking about parents that migrated oversea in order to get education discount for their children.

Some succeeded and some don't.

Dreamer

Lawyer 1, i agree with u that our top politician may channel out their wealth overseas, this money i believe are somehow maybe illegal money collected from the country. So there is a strong reason for them hiding their illegal income outside the country. The clear example was our ex-MB of Selangor was caught in Sdyney airport holding AUD2.4million cash. But for a legal tax resident like us i dont think we should channel out so much money outside as what dreamer suggested (80-90% of our wealth). I do have some money in overseas too, but not much compare to in M'sia, as i still comfortable to keep big portion of my $ in the country that i live and love.

i always think that it is good to send children to study abroad if the parents are afford to do so, this will broaden their view and knowledge/exposure. I have no objection in doing that, for me 17 years education (up to SPM) in the country is good enuf. I did not get a chance to study abroad but will given the chance to my future kids.

A) Most gloom and doom prediction never materialise. Based on what do you say Malaysia's economy will CRASH? When you say it is not safe to keep money in Malaysia, you are talking about a total collapse of the financial system here. Why so pessimistic? I THINK Malaysia will be here for many more generations to come.

C) You don't have to boycott by RUNNING AWAY from Malaysia. There are forces at work to counter check the inequality. If we do not achieve equality in our lifetimes, it does not matter. Let our children continue to fight for betterment of the country. However, if you really like to LIVE in another country, by all means do so, but please do not say that you migrate because you BOYCOTT NEP. That is quite CHILDISH.

Personally, I'd retire and do what I enjoy most if I had your portfillio today 

I dont think u need anything more, unless u foresee that your current portfollio wont be able to sustain your retirement lifestyle u crave for........

If growth is the objective, then buying another prime retail/shop lot might be a good idea..........