First of All, Identify what is your financial objective, this is going to decide how long you are going to set aside your money and the risk tolerance suitable for your investment.

Furthermore, identify how much is required for your financial objective(Present Value), inflation rate(Urban Area 6% according to Star News Paper) and what is the future value for example 18 years down the road, what is the actual value of your financial objective.

Quote for example:
If you would like fund for your education RM500, 000 for Present value. What is this RM500, 000 is going to be after 18 years?

Tips: Using Microsoft Excel look for FV function for the above calculation.

Or Financial Calculator.

Then only decide what kind of financial product suitable funding for your objective.

Tips: In order to find out insurance saving product ROI, you may use MS Excel IRR function.

Hope the above information would be helpful to you!

This post has been edited by jhan_ong: Jan 15 2011, 07:36 AM