Early retirement is just an option. Many people can do that. It is just a choice of life style. Some people prefer enjoy big car, big house, branded stuff, and all kinds of 'non productive' spending. These people need to work longer for the current enjoyments.

I am a lazy man and I prefer no job. But, no job and no money is not an option. So, I had to work very hard and quick for earning enough, and also, the most important is managing the family and personal spending very well.

I stopped work when my financial status allows me to go for living as an ordinary executive level for rest of my life, and education fund for kids is set aside.

Alternative, like my peer counterparts, still working damn pressure in office, but, driving home with few hundreds thousands ringgits BMW/Audi, living in a multi millions house, and kids in oversea study. Some of them, sometimes, can't even clear credit card in time.

I am not rich, but not poor. Enjoying my life everyday.

Hope my experience can give you a different thinking of retirement planning.

This post has been edited by kpfun: Oct 10 2015, 04:40 PM

boring ... NO. Sharing with you my daily schedule. See interesting or not.

1) Weak up 5:30am, Tai-Chi until 6:30am, slow jogging for 3km (40 minutes) until 7:15am.

2) Breakfast in front of flipping CNN, BBC, Aljezeera, CNBC, Bloomberg and Phoenix, until 8am++

3) My home office starts not later 9am,

Following all my favorite news in internet - mainly, Yahoo Finance, Market Watch and few others
About same time, opening screens for Bursa market, SGX market and FXCM (forex)

If no special events on the day - continue my research works on Forex, ETF, Stocks, or some impromptu subjects

I do trading for equities and Forex, but not everyday.

Usually, I close my home office around 2-3 pm. Unless, market is very interesting, then I extend my home office time until mid night if necessary.

4) 3pm until dinner - usually watching movies or reading books. Sometimes, before dinner, I do another 30 minutes indoor exercise - cycling and boxing at my home gym room.

5) after dinner, with family, kids like to update us their school life.

6) around 10pm, go on bed, reading 1 to 2 hours the most, before zzzzzzzzzzzzzz.

* sometimes, interrupted by friends calling out for talk talk or makan, or banking stuff.

******* my initial retirement plan is allocating my time to one third for home office (investment stuff), one third for family, and one third for social work.

Now, only social work is not yet meet the quota because financial research sucks too much my time. I still want to do more in social work, as financial research is a black hole, the scope is too wide, never ending.

Just want to say - very busy, indeed.

This post has been edited by kpfun: Oct 10 2015, 05:33 PM

I do income tax reporting as usual. I pay for what I need to pay.

FYI -

Dividends received by local investors from investments in Malaysia under the single-tier system are exempt from tax from year of assessment 2008.

Gains from the realisation of investments outside Malaysia will not be subject to tax.

Gains from the realisation of investments (other than real property which may be subject to real property gains tax) within Malaysia are not subject to tax.

An individual resident in Malaysia is exempt from payment of income tax on gains or profit, interest or bonus received from money deposited with the following institutions:
(A) a bank or finance company licensed or deemed to be licensed under Act 758;
(B) a bank licensed under Act 759;
© a development financial institution prescribed under the Development Financial Institution Act 2002 [Act 618];
(D) the Lembaga Tabung Haji established under the Tabung Haji Act 1995 [Act 535];

Be prepared to receive a call from someone if your transferred amount is noticeable. Just answer investment gain and don't say anything more than that.

Beginning last year, all new banking accounts open in Singapore require your Malaysia Tax Reference. And some banks in Singapore insist your Malaysia Tax Reference for your old accounts, if your accounts are very active. If you want to avoid this, you have to find a way. Not easy, maybe can delay for a while.

Just a reminder to those who want to carry the cash home or leaving, make sure you report the amount to both sides immigration if the amount exceeds the control limit. The risk is not worth to take.

My experience is no calling. Maybe, my car value is low. You do not need to provide tax ref in car purchasing as you do in property. So, I believe car sellers are not legally obligated to provide owner list to tax department.

But, many years ago, I was told by a reliable source that tax department like to disturb some car sellers for the list of new owners of high end cars regardless of cash or loan.

haha... you ask so many tax related questions... do you have many pending tax clearance assets? If so, you better consult a good tax adviser.

If your dad has signed up Pengisytiharaan Amanah, it takes 21 days. Otherwise, it may take up to 6 months with the assumption of all legal documents are appropriately done.

This message I got 2 weeks ago from ASNB office when I enquired Pengisytiharaan Amanah.

Buying status - around 11am this morning:

No for ASW and ASM.
Yes for AS1M.

Buying status - around 10am today

ASM - Got (few K only and then no at second try)

ASW - Got (no at 10am, got little bit at 10:15, got little little bit more at 10:30, got little little little bit more at 10:45. no at 10:50)

AS1M Got (many)

This post has been edited by kpfun: Oct 27 2015, 02:27 PM

You are right the front counter is the key factor. My counter is helpful because I know some of them.

Last Friday, my ASW purchase was completed by 10 successful transactions. One day before, I got nothing for ASW and ASM. This morning I got 4 successful ASW transactions. In between, few ASW and ASM transactions returned zero. But, the units were keep on releasing pretty fast too, but in small quantity.

I realize the game rule here is - we need a helpful counter, and also be there at right timing.

This post has been edited by kpfun: Oct 27 2015, 05:10 PM

Usually, I told the counter the maximum I want and let her decides how to run. Before Oct, no problem for a single transaction, but, not now.

This post has been edited by kpfun: Oct 27 2015, 06:46 PM

Maybe, shutdown this thread, chance will get better!

Yesterday's Sin Chew Newspaper - Fortune Investment Weekly section, page 27, someone ask for financial planning advice. The couple has 4 millions in trust fund, and mainly under ASNB.

You can imagine how many millions units this couple has.

My guessing is 2 to 3 mil ringgit.

I have been following this thread since two months ago. I noticed that many of you are young and knowledgeable in money matters. But, your percentage allocations for FP products implied that you are pretty conservative investors at your age.

Won't you think that your young guys/gals should go for something more risky investments by leveraging your capitals, and leave the FP products for folks.

The risk depends on how they invest. I have seen somebody how to leverage their investments in properties before BNM imposed loan strengthening scheme.

They grouped few people to buy 10 to 20 new launched units 300K-800K properties from a same housing project. Their grouped capital are just enough for the required minimum down payments and the remaining were on loan. Their plan is to sell every unit with minimum net profit RM50K after all the incurred costs, taxes and loan interests.

They even sell the units during the construction period if the price is right, otherwise they wait until completion for a better price.

These high risk appetite investors are not affordable for long term loan payments of 10-20 units. They have to let go as many as possible the units.

This is a damn high risk game because the risks exist in project delay or abandon, market down trend, and wrongly invested in less popular properties.

This post has been edited by kpfun: Nov 9 2015, 09:55 AM

I don't understand why banks like to impose such limitation for buying call as the liability of wrongly done is so minimal. The secured units can be re-selling at the same price instantly, and any incurred commissions are also within the bank. The 5K limitation is an insulting rule to the front desk officer.

Such control, maybe, is meaningful only for selling transaction.

This post has been edited by kpfun: Nov 11 2015, 11:44 AM

Mind to share -
Which ASG you bought? How long already you have bought it? Losing or making too little only, as of to-date?

Definitely. Money makes money. See below which happens to many people:

After leaving school at 20-23 years old
- 1st saving gives to Toyota Vios
- 2nd saving gives to mother in-law and honeymoon+premier photobook
- 3rd saving gives to a small house
- 4th saving gives to kids (day care+milks+tuitions)
- 5th saving gives to Toyota Camry
- 6th saving gives to a big house
- 7th saving gives to kids (local/oversea study)

How much left from earning for investment?

Physical passbook is an antique regardless of how sexy outlook was designed. Maybe, some folks appreciate it.

ASNB lives in a half developed high-tech world. Long time ago, they should allow us buy, sell and check online directly.

This post has been edited by kpfun: Nov 14 2015, 10:05 AM