On 15 April 2017, I attended a full-day REITs Analysis Workshop, part of the Bursa Investor Education Workshop Series where they talk about different investment vehicles and investment strategies. REITs stands for Real Estate Investment Trust. For other Bursa Malaysia-organised events, see here.
It was presented by speaker Chua I-Min from ShareInvestCoach.com, a Singaporean financial planner specialising in fundamental analysis (I’ll explain this term too). I think the speaker did a great job in breaking down all the jargon into digestible information.
All-in-all, I learned loads. Here are 5 things I learned about REITs in Malaysia, because sharing is caring.
This post is dedicated to my sister, who runs the Instagram shop Malaysia Plus Size and sells chic, Muslimah-friendly fashion. We had a conversation about finances and what she should have, as an online business in Malaysia when it comes to paying taxes. Then we were interrupted by mom’s gulai and didn’t manage to continue, so this post is for you sis. If you have a small online business – selling products and/or services from Facebook, Instagram, Mudah, etc and have your own branding (logo) – you should find this helpful, too.
Here’s what you have to have in order, when it comes to taxes.
I’m just 28, but the idea of retirement have fascinated me for a while. I still don’t know how I feel about it. Sometimes I think that retirement is an entitlement for productive members of society, while other times I think it’s incredibly wasteful, even discriminative, to suddenly force someone out of a trade, profession or career due to her or his age.
Growing up, I simply assumed there is just one type of retirement. You serve your company for decades, then receive pension/retirement savings to retire at 55-60+ years old to make room for younger folks. I think many of us have this impression as well. This is the traditional formula in life, isn’t it? Birth, Play, School, Work, Family, Work, Kids, Work, Retire, Die.
This formula doesn’t particularly appeal to me, but I admit that I’ve never been drawn to the Kids part. My ideal family structure for now is DINK = Dual Income, No Kids. Also, I’d like to retire early and retire young.
Thankfully, I’ve met some people during my travels and read first-hand accounts of actual retirees (thanks, Internet). Some of them have kids, some of them don’t, but they do have one thing in common – they like the idea of being self-sufficient and not being a ‘burden’.
Here are 10 ways to retire. Some of them may overlap.
Let’s do something a bit different than usual. Statistics about money can offer a lot of insight about our financial situation. Here, I listed many facts and figures from reputable Malaysian media, educational institution and government agencies. Sources are in ‘x’. Let’s get talking – click to tweet to start online conversations about it. I will RT good commentaries 🙂
If you were to check out personal finance and investment commentaries – from blogs, forums, commentaries – you’ll see that different people have their preferred investment vehicles (types). It’s very interesting, because after a while you start seeing a pattern: people who prefer investment X tend to be Y. It’s fascinating.
Look at this from a behavioural point of view. Many personal finance and investment experts like to say ‘select an investment that works for you’, but what does that mean exactly? How do you choose from many different types of investment available in Malaysia?
Thoughts I’ve had while considering, purchasing, and getting insurance in Malaysia. The idea of this post came from several reader inquiries – how *does* one even start the process? How *do* you choose ‘the best insurance for you’?
I feel like travelling overseas, but am not keen on the horrible exchange rates right now. One day, while happily browsing Google Flights and dreaming of Europe (use it! You get to save money on flights), I found cheap tickets to Langkawi. RM102 for return tickets, including fees. Even though I didn’t exactly have a burning desire to go to Langkawi, I couldn’t resist the price and booked it on the spot.
And that’s how I went on a 4 days 3 nights Langkawi weekend trip. This guide is suitable for those of you going solo/duo travelling and wants to be somewhat comfortable but on a budget. Because of the weather (it rained 80% of the time I was there), this guide is also more general and flexible in nature.
So. I want you to earn more money. $$$
This is a continuation of a series of sponsored posts about EPF and retirement. See the previous two articles here: Will You Fight or Flight? and What Actual Retirees Say.
Here I’ll share an EPF tool, called i-Akaun and why you need to use it. For the purpose of this article, I created my own EPF i-Akaun.
Click here for the original i-Akaun article on CompareHero.
How to Create EPF i-Akaun
For first-time login, get the activation code first. You can do this by:
- Go to EPF counter or EPF Kiosk, or;
- Call KWSP at 03-89226000. Press ‘0’ to talk to the nice operator, then answer some personal questions for identification purposes. They’ll send the code via SMS.
- THEN go to the first-time login page here. (this page took me a while to find)
- For subsequent logins after activation, click here.
- Optional but handy – download the EPF i-Akaun app.
Reasons to Use EPF i-Akaun
1. View and check EPF statements
This is how much you should have, based on your age.
2. Check how much you can withdraw
You can withdraw for education and housing purposes. View status of withdrawal application here too. Note: You can only withdraw from Account 2.
3. Check who’s your beneficiaries
I.e. who is going to get your EPF money. If you haven’t added beneficiaries, I suggest you do that asap. It’ll make it much easier for them to withdraw later on. Note: You can only submit the names at EPF counter. For security and anti-fraud reasons.
4. Check when is the last time your employer submitted your EPF
Sometimes, irresponsible employers conveniently ‘forget’ about this. If you work, your employers should contribute 13% (or 12%, depending on how much you earn) of your salary towards your EPF. If they did not contribute this, they are in the wrong.
5. Latest info on EPF and office locations
Quite handy I think.
Having tried it out, I’ll have to say the experience was good. It’s convenient – I managed to change my address with no problem. I also checked my beneficiaries and felt secure seeing their names listed there – it’s reassuring to know that if anything happens to me, they will be able to access my EPF money. If you haven’t, I highly recommend you to open your EPF i-Akaun now!
This article was written in collaboration with CompareHero. To stay up to date with the latest news on personal finance in Malaysia, please follow CompareHero Facebook Page.
Ipoh. Pretty Ipoh. Foodie Ipoh. One of the top 10 Places to Visit in Asia, according to Lonely Planet. Just 2, 3 hours from KL. It would be a shame to skip this city. Plus, 2017 is Visit Perak year 🙂
As a Klang Valley girl, I’m surprised by how much I like Ipoh. I lived here for a year, and here are 13 places, activities and food places that I can genuinely recommend for you to try out. These places are cheap to experience, if you don’t go overboard with the shopping and eating.
I assume you guys have Google Map in your phones. Under each recommendation, I added Google Map Search keywords that you can type in to find these places.