What do I look for in a unit trust fund:1. No up-front charges or service fees.2. Remuneration to agent based on a certain percentage of the fund's return which is realized through switching or repurchase.3. No need to pay remuneration to agent/unit trust company if my investment is making a loss.4. Provide easy online switching and repurchasing service so I don't have to trouble the agent to meet me just for my signature!As I know, there is no such unit trust fund in Malaysia. But I wish that it ...

3 basic requirement of saving more money:1. Ability to earnOur earning ability equals to our value. The amount of money we earn equals to the amount of value we add to other people.Crux of it is we are always in control of the amount of value we want to add to others.2. DisciplineSaving money is all about discipline. We must have the discipline to save, and also the discipline to spend.Imagine a bank account that does not give you any withdrawal facility! Just like a piggy bank. You can only ...

Before year 2000, there are only traditional life insurance policy available to the market. Since then, some insurance companies in Malaysia had come up with many investment-linked insurance products. Let's look at some major differences between the 2 type of policies: Investment-linked vs Traditional policy.In the illustration below, I had used the Great Eastern 2 best-selling products: Greatlife Portfolio Insurance (Investment-linked) and Supreme Livin' Care (Traditional policy).The 3 major differences:1. Protection or Sum AssuredFor traditional policy, the protection is guaranteed to increase to double of the initial protection over ...

What are the responsibilities of a financial planner? There are many kinds of financial planners marketing their services to the market. Some are single-product planners: insurance agent, unit trust agent. Some are multiple-products planners - they deal with insurance, will writing, unit trust etc. Some are fee-based consultants - they are independent and charge consultancy fees only. The latter kind of planner are rare in Malaysia. In fact, I still don't know any whom only charge fees and doesn't deal with any financial product.No matter what kind of planners they ...

We might have seen some people suddenly acquire a substantial amount of wealth in a short time. They might suddenly inherited great wealth from their passed away ancestors, or hit a lottery, or get a great contribution from Uncle Lim (Genting Casino). But they became poor again in a few years time. Some of them even became poorer than before they got rich! How can this be?! It is because having a lot of money is not necessary rich. It is what we do with the money that determine how ...

Just read the book Why We Want You To Be Rich by Robert T. Kiyosaki and Donald Trump. There is a great quote in the book. As educator, they prefer to teach the reader to fish rather than feeding them fish.To simply give someone money won't make them rich. It is similar to feeding the hungry with fish. They will take it for granted and never learn to make better money. But if you teach a person how to make more money, it is like teaching the hungry how ...

Wealthy means having an abundant supply of money or possessions of value. I am writing from the financial planning point of view. To some person, possessing RM1,000,000 is regarded as wealthy. To some already affluent, billionaire might be their threshold to be regarded as wealthy.To me, to "feel wealthy" is to have the following comfort:to have enough buffer in case of emergencyto be able to do whatever I like without worring about moneyto travel to wherever and whenever I like comfortablyto buy the things I need without hesitating on the ...

Did your spouse ever ask you this question: How much do you love me?I think there is no simple way we can give a great answer. Is your love deeper than sea? Higher than any bird ever reach up into the sky? (with advance technology, we got space shuttles travel many light years beyond the sky limit).If I am going to put the love level into a measurable number, I think there is no other way than using your insurance sum assured! And make sure that it is nominated to ...

I went to Bukit Merah Water-Park at Christmas Eve 24th Dec. 2006. It was a great trip for me even though I am not so "young" to play the water game. The main reason for the pleasure is that all my family went there together: my parents, my brother's family, my sister's family from Sarawak. There is a total of 2 senior citizen, 5 adults, 7 children.My parents are really stingy. They packed some hawker chicken rice, and some nasi lemak with extra rice. Of course they added the extra ...

What is assets? According to dictionary, "asset" is anything owned by an individual that has a cash value. This includes property, goods, savings or investments.In order to be rich, let's look deeper into the meaning of ASSET. The definition of an asset according to Robert Kiyosaki is something that puts money into your pocket on a monthly basis as opposed to something that takes money out of your pocket. This is very much different from the "asset" we know in accounting.Example:CAR - If we buy a car for our personal ...