Sep 20 2009, 06:05 PM
QUOTE(Lawyer1 @ Sep 20 2009, 11:52 AM)
Dreamer, many thanks again. On your recommendation, if you look at my portfolio, I only have 542K in the local Gov't bond, well that's those fixed-price bonds (ASM and ASW2020, no AS1M), and most of my money is invested overseas.
Would you recommend that I take out this 542K too and take them out ? I was thinking, after all, the investment with PNB is quite safe with yearly 'okay' dividends, but don't know for how long more-lah,....
Actually there is one more 'exposure' in my plan - childrens' overseas studies. I do hope to be able to send them to, say, North America,... quite expensive, and if the course is a major one, eg medicine (if they can study-lah), then by the time they grow up, I'm sure the tuition fees and the living standards would have been very high,... around 1 Mil Ringgit for the whole course, perhaps ?
Of course, another course of action I can take is to start applying and working towards being a PR in the selected country.
Please do advise, Sir,... hmm no one else seems to be helping me here except Dreamer, Pai and Xusen,... hoping for more advice from others too. Thank you,....
a) haha...u considered ASM/ASW/AS1M as govern's bond, actually it is a fixed price equity fund managed by PNB, but you are not wrong as it is fixed at rm1/unit with stable return for the last 10 years. So i dont think u shd channel out the rm542K as "bond" in other country may not pay this stable income return, another good point for keeping $ in Malaysia is that u r not subject to the exchange risk (USD is depreciating now) plus u can use it anytime in Malaysia, as PNB products do not have tie in period, u can withdraw any amount anytime.Would you recommend that I take out this 542K too and take them out ? I was thinking, after all, the investment with PNB is quite safe with yearly 'okay' dividends, but don't know for how long more-lah,....
Actually there is one more 'exposure' in my plan - childrens' overseas studies. I do hope to be able to send them to, say, North America,... quite expensive, and if the course is a major one, eg medicine (if they can study-lah), then by the time they grow up, I'm sure the tuition fees and the living standards would have been very high,... around 1 Mil Ringgit for the whole course, perhaps ?
Of course, another course of action I can take is to start applying and working towards being a PR in the selected country.
Please do advise, Sir,... hmm no one else seems to be helping me here except Dreamer, Pai and Xusen,... hoping for more advice from others too. Thank you,....
b) about the saving for children's overseas study, for my case, my parents do not financially support me in my tertiary education, they only did it till my secondary education, so for the degree programe i had self-financed myself, i made some part-times job whenever i can during my study time, and involve in small biz selling grocerry in uni Campus, this make me a good entreprenuer, and developed what i am today. Saving rm1million for child education is not my way, for my case, i will rather enjoy what i have earned, but not to give spoon feeding rm1mil fund for their tertiary education, if they want to spend rm1mil in education, they need to fight for it, getting scholarship or gain themselves. Furthermore, PTPTN loan is always available for those who can make it upto University in Malaysia (PTPTN open for both private and public uni students). If they study good enuf like getting 1st class degree, the loan will be converted to scholarship. So no burden for them to repay if they are really smart.
c) You want to become a PR of selected country, do u mean singapore? For me, Malaysia is still the best place to stay, the living cost is among the lowest in developing country. Plus Malaysia is where i was born and raised, Do you know that many Singaporean migrates to other country as well? It is funny that we Malaysian chinese rushing to migrate to singapore while singaporean migrates to other countries.....If what u think is migrating to AUD/NZ, i think they also have some racist issues there....so think twice.
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