Can try post at public mutual fund dedicated active thread...

https://forum.lowyat.net/topic/3580942/+2700#entry102886485

there are many of this kind of products,...where they gives you 20% roi....

many thread had been made regarding this kind of 20% pa products especially from HLA....
googled and found these,..
https://www.google.com/search?q=hla+wealth+...ih=1076&dpr=0.9

btw, you paid lumpsum 72k to start, you get back in 20 yrs 61k in total guaranteed returns....
after 20 yrs your guaranteed returns will still be short of 11K from the initial 72k paid 20 yrs ago

the rest are stated NON guaranteed...and projected returns...

This post has been edited by MUM: Nov 28 2021, 06:13 PM

Yes, you need to songlap more money, else I think with your liabilities and with just 6 yrs to go, not easy to get to 10 mil

This post has been edited by MUM: Dec 31 2021, 07:42 AM

With more than 400k net worth, You are doing alright,..... For based on statistic from just 3 yrs ago,....
ONLY 0.2% of adult Malaysians were categorised in the over US$1 million
The remainder 3.7% was placed in the US$100,000 to US$1 million wealth band.
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

To me, it is just perception and relative to each individual and relative to the general population of the place of living...
Yes, maybe a failure if you want to stick to a 10 mil target by 52 yrs old...
But if you consider the 2019 statistic,.... Just 0.2% of adults Malaysian has a net worth of MYR 4 mil.... Then you will realise that you are not a failure but extremely successful in life in malaysia..

ONLY 0.2% of adult Malaysians were categorised in the over US$1 million
The remainder 3.7% was placed in the US$100,000 to US$1 million wealth band.
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

This post has been edited by MUM: Jan 10 2022, 05:34 PM

yes, especially for someone that has millions at age 46 like TS....

Is this profile good enough for retirement assuming adult at mid 40s?
Assuming both you & your spouse will live for another 40 yrs...
Does your current net asset generate enough passive income to sustain your required monthly expenses n your children educational needs?
If your passive income can do that,.... Then should be ease to get answers to "is it good enough for retirement?"
Btw, you did not list insurance plans,... Hope you got that covered too.
Overall,... You are doing extremely well in terms of net worth value in comparison to the general adult working population in malaysia. Bravo. 👏👏

while waiting for value added responses,...
hope this statistic can provide some info while you wait for responses, .....

"In 2019 report found that 0.2% or 43,646 adults living in Malaysia were placed in the over US$1 million wealth band, while the majo-rity of the adult population (96.1% or 20.97 million people) were categorised as having wealth at or below US$100,000. (RM400k)

This comprised 42.7% of adult Malaysians with wealth between US$10,000 and US$100,000, (RM40k ~ RM400K) and 53.4% with wealth under US$10,000.(RM40k)

The remainder 3.7% was placed in the US$100,000 to US$1 million wealth band. (RM400k ~ RM4mil)
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

Try imagine n calculate,... If you take all cash you hv + $$ in stock, then put it into something that can generate "x" % pa.....
Can that "x" % pa generated $$ enough to sustain your retirement?... Find that "x" value,
Then see if you can find something that is not risky or volatile that can generate that "x".

I think, unless the property or car is very expensive types, I am sure you will not stress too as your passive income is more than enough to covers repayment of those loan.

This post has been edited by MUM: Mar 16 2022, 01:31 PM

As per this site,...
EPF contributions are not mandatory for foreigners working in Malaysia — but these workers can still opt-in to the EPF, if they prefer. This is because any employer or employee may choose to contribute more than the required minimum rates, which you’ll find in the Third Schedule of the Act..


What happens to your money if/when you leave Malaysia?
The natural question for foreign employees is usually what happens to EPF savings if/when they decide to leave Malaysia. In this case, EPF members who choose to migrate or return to their home country can choose to withdraw all savings deposited in the fund.

https://althr.my/resources/expatriates-fore...0of%20the%20Act.

This post has been edited by MUM: Mar 17 2022, 02:42 PM

For the epf part, you can try post 3205, page 161
Fund Investment Corner v3, Funds101
https://forum.lowyat.net/topic/2601692/+3200#entry103853073

It is not an apps thou but in ms excel

This post has been edited by MUM: Mar 18 2022, 10:46 AM

Just a note, some loan agreement does not allows that.
I think I read before, you can lump sum up to a certain %. Must maintain certain % of loan, else they will ask you to terminate that argeement (close that account)

check your loan agreement to confirm that balance allowed amount....

"you yourself are the controller of your own destiny."....
Is only applicable and subjected to your own capability, capacity, wisdom and foresight at that moment you are steering your destiny.

You can only see how your destiny unfolded later.
There is a limit to what and when you can control.

If one are to believes that he can be rich by just,
"Get to know your fund managers and invest in their funds", can always see and follow what stocks had been picked and are holdings by the UT fund managers from their monthly published fundfactsheets.

This post has been edited by MUM: Apr 27 2024, 10:15 AM

Just asking, is the taxes for those dividend earned can offset the depreciation of myr in your malaysia investment?

BTW, is dividend earned from fsi exempted from taxes till end 2026?

I hold that too includes my properties.
I believes some people holds their businesses in malaysia thus they holds their money myr too

That is after dec26. Now is still OK.

But you just gave your reason is because of, ...."dividend is not taxable..." thing

This post has been edited by MUM: Apr 27 2024, 11:03 AM