I directly pay 1 lump sum of 3K. Will be getting 5.xK annually after I retired. Anyway, it is a good way to save money at the same time reduce tax. at 19% tax bracket, it is almost RM600 savings per annum, then at 21% it is 600++ and at 24% it will be over 700

Not yet. Only 3k a year though.

3k also money bro..

Hi there,

I want to ask about asset allocation and what is best for me current situation. I work online as a trader where my income is fairly swingy but have shown a good income over the past 5 years. The only debt I have is 120k in a property mortgage.

Atm my plan is to invest 80% in funds and 20% in selected stocks. However I really have no clue as to what funds are available to me and what my options are (maybe someone can point me in the right direction to do my own research?). Reason why I want to have such a lazy portfolio is that I work on the go all the time and rather spend my time pursuing other ventures and leave the work to the professionals.

I always hear about vanguard indexes and i know they have a branch in singapore. Not sure how does it differ from the local mutual funds and unit trusts accs.

get back tax relief also money to invest more.

This is exactly why I "invest" in PRS. The best part is, you get 10 years tax relief.

Where you invest PRS? Public Mutual or Hwang ?

I thought we buy something like insurance? Anyway I bought mine from Great Eastern, since my brother has some connection to it.

http://www.hansonlye.com/private-retiremen...etirement-plan/


Same as PRS?

It looks not same, but I feel it is the same. I just need the tax relief. I can invest better than the fund managers

Evo.com, go and get the latest version of personal money. So many types of fund there to be considered.

Hi Jason, I can introduce to you Prs scheme. Up to 3000 a year entitled for tax relief

Are you an agent ?

I am just curious, how much passive income is required to retire comfortably ? Assuming, that the primary residence (house) is fully paid and no debts.

Also, any suggestion for a nice/cheap place to retire ? where crime rate is low, and good amenities ?

Thank you

Hi guys, I'm currently still studying in university. I'm planning to work part time to earn some extra cash.
Should I deposit it into FD for now? or do I buy blue chip stocks though it will be very small amount...

One more thing, regarding the PRS, i still dont quite understand even after reading about it. The part about the tax relief and the part about investment. Do we invest the money in the PRS ourselves or something like a unit trust?

Thanks guys

since you study best focus in your 1st study not stock. Got money but no good grade how to find good job with money ?

1) This my personally do so in College - the reason i get good grade and go inside the Tiger Bank.
You must remeber you must be outstanding from other, how the company can chosse you when the world have plenty of fresh graduates.

2) Since you hv small amount of money, the broker fee may cost you higher to breakeven. Below the link for your understanding stock.
https://forum.lowyat.net/index.php?showtopi...t=0&p=26100154&

3) You dont hv emergency money. You may not know when you need becoz you still can get money for parent.

4) PRS or UT is the same concept pulling a group of money to buy various stock either region or buying Bond.
All this what to buy will do by equity research, so Investor dont need worry how to pick the stock or bond market.
The only different is PRS you not enjoying withdraw the money back when you need vs UT. Becoz PRS will penality you for early withdrawal.
http://www.ppa.my/index.php/how-prs-works/faqs-on-prs/
And you havent start working, so you not fill up Income Tax then not able to claw back tax relief.

Final one.
If you hv sufficient emergency money, then at your age you best give your to UT
Please note not all UT fund can grow you money; you must do you homework which fund house and fund type hv performance to show.
Juz a little while pain, less worry for investor after decided. you able to find at Fund Investment, Fund Supermart, Public Mutual and etc topic

haha... sorry but the very first answer came to my mind, in regards to ur question of good place to stay, is Heaven.. =P no crime rate with good amenities haha..

Btw, about the amount of passive income, only you urself able to answer it, how much would you normally spend per month? if your passive income more than that, then probably can retire comfortably d..some can retire with passive income of RM 2000, but to some ppl, even 10000 also not enough...

Need advise, here's goes:

Income:
Salary (employment): RM 4500/month (after deductions)
Dividends (stocks): RM3000/month (average)
Dividends (Business): RM35000/month (average)
Rentals/month
Property 1: RM 1200
Property 2: RM 1850
Property 3: RM 2200
Property 4: RM 1500
Property 5: RM 6500
Property 6: RM 15000
Property 7: RM 15500

Total: RM 86250/month (approx)

[/B]
Expenses:
Personal (Food, Bills, Holiday, Etc): average RM7500/month
Installments/month
Property 1: RM 800
Property 2: RM 1200
Property 3: RM 2200
Property 4: RM RM 1500
Property 5: RM 5800
Property 6: RM 13185
Property 7: RM 13185
Property 8: RM 9500
Property 9: RM 2700
Property 10: RM 3200
Property 11: RM 3200

Total: RM 63970/month

Assets:
Cash in Bank: RM150000


Here's the problem, due to some unforeseen turnout of events, my business suffered a steep decline in profits and no dividends are expected to be paid for the next 2 years, bringing my total income down to RM 41250 and hence (-ve) RM 22720 outflow every month.

Based on my current position, I would last 6-7 months max.

Property 1-5: >5years & 50-120% capital appreciation (based on bank valuation)
Property 6-7: 3years & 25% capital appreciation (Based on bank valuation)
Property 8-100: <2years and Undercon, will only be available for rent in mid 2014.


I really dont know whats the best option for me, all I can think of at the moment is to:
(a) Liquidate some properties (1-7)
(b) Seek refinancing

Really in dire need of advice of what is the best solution that I should execute and what are their pros and cons, unfortunately I don't have much time

Liquidate